Nasdaq bleeds: Faces $2 trillion wipeout in October More than $2 trillion in market value is set to be wiped from the tech-heavy Nasdaq 100 this month, as Big Tech earnings intensified investor scrutiny of whether the billions being poured into artificial intelligence can generate returns quickly enough.The wipeout would amount to slightly more than SpaceX’s…
AU Small Finance Bank probes alleged data leak involving a Salesforce-hosted platform holding limited vehicle loan customer information, while saying its core systems remain unaffected MUMBAI: AU Small Finance Bank is investigating a potential data leak involving a Salesforce-hosted software platform that holds limited information relating to its vehicle loan customers, after a cyber threat…
Banks add Rs 16.1 lakh crore in non-food credit in H1 FY27, with NBFCs, industry and personal loans driving growth; lending to NBFCs rises by Rs 1.8 lakh crore MUMBAI: Banks lent more to NBFCs than to home buyers in the first half of FY27, with advances to non-bank lenders rising by Rs 1.8 lakh…
Sebi extends FPI KYC review timelines from one to two years and three to eight years to ease compliance, while retaining the 10-year cycle for Swagat-FIs MUMBAI: To simplify the compliance process for foreign portfolio investors (FPIs) registered in India, markets regulator Sebi on Friday extended the periodicity of Know Your Client (KYC) review from…
MCA says its role in appointing NCLT members is only administrative, a day after the Supreme Court accused the ministry of “completely hijacking” the tribunals NEW DELHI: A day after Supreme Court’s observation on the role of ministry of corporate affairs in the appointment and infrastructure in the National Company Law Tribunal and the appellate…
Indian Oil posts record Rs 22,503 crore Q2 profit, 2.7 times higher year-on-year, as lower crude prices and strong petrochemical and gas margins boost earnings NEW DELHI: State-run Indian Oil Corporation (IOC) reported record profit of Rs 22,503 crore during the Sept quarter – a 2.7-fold jump over a year ago – driven largely by…
NHAI caps toll plazas on future national highway projects at eight lanes, with MLFF tolling aimed at reducing land acquisition and public spending New Delhi: All future national highway projects, including those where construction is yet to begin, will have toll plazas with not more than eight lanes, as NHAI has made Multi-Lane Free Flow…
Gold, silver prices retreat to one-year low NEW DELHI: Precious metals are having a rough run, with the latest sell-off taking gold to a one-year low and pushing silver below the $50-an-ounce mark for the first time since almost a year.Rising energy prices and stubborn inflation concerns are weighing on investor sentiment, with expectations growing…
Tata Motors announced Iveco deal in 2025. NEW DELHI: Tata Motors on Friday acquired an 89.42% stake in Italian commercial vehicle maker Iveco Group for around 3.43 billion euros after the initial settlement of its cash tender offer, taking control of the European company as the acquisition process continues.The deal makes Iveco an indirect subsidiary…
Total income rose to Rs 41,966.05 crore, while net revenue, comprising NII and other income, stood at Rs 19,906.99 crore. Operating profit before provisions and contingencies surged 50.87% to Rs 11,430.11 crore from Rs 7,575.95 crore. MUMBAI: Bank of Baroda reported a 35.81% year-on-year increase in standalone net profit to Rs 6,531.54 crore for the…
