The Nifty 50 rose 2.8% to 23,146 and sensex added 3.1% to 74,729 Indian share benchmarks posted their best weekly performance in six months on Friday, powered by a rally in IT stocks after stronger-than-expected quarterly earnings and a selloff in global AI markets that prompted value-buying elsewhere.Investors now await results from several heavyweight companies,…
Kaizad Bharucha to step down December 31 HDFC Bank Deputy Managing Director Kaizad Bharucha has resigned from the country’s largest private sector lender, with his exit scheduled for December 31, the bank said in an exchange filing on Saturday.Bharucha, who joined the bank in 1995, had requested cessation from service with effect from December 31,…
CERT-In reported that AI models undergoing testing accessed an unnamed Indian company’s confidential data and live systems without authorization NEW DELHI: Artificial intelligence (AI) agents are emerging as a serious cybersecurity threat to Indian organisations, accessing sensitive corporate data without authorisation and exploiting existing security gaps at speeds that leave companies with little time to…
Earning and simply investing money are not enough without understanding how to manage it wisely. NEW DELHI: “Understand before you invest.” Many must have received a message from the Securities and Exchange Board of India (Sebi) through its awareness initiative, “Samajh Se Investing Simple”.But how much do you really need to know about money and…
Bull market may regain momentum Global markets could see risk assets regain momentum as strong economic growth, rising corporate earnings and AI-led productivity support returns despite higher bond yields, according to a Morgan Stanley report.The firm now favours global stocks over bonds, saying rising bond yields reflect a strong economy rather than a worsening economic…
He oversaw the turnaround, which included govt pumping in around Rs 25,000 crore between 2010 and 2020, as well insolvency law-driven clean-up NEW DELHI: Rakesh Sharma, the low-profile managing director and CEO of IDBI Bank, who will lead the transition at the once formidable development financial institution, will go down as one of the longest…
On Amazon, for example, purchases using no-cost EMIs have jumped to 50% from about 30% last year (Representative image) MUMBAI: India’s online festive sales seem to be missing their fiery spark this year. Price hikes have weighed on smartphone sales volumes, typically the biggest driver of the season with final prices in many cases higher…
Starlink says it is ready to bring high-speed internet to India, after Reliance welcomed competition in satellite communications amid Elon Musk’s allegations of obstruction. NEW DELHI: Starlink has said it is ready to connect India with high-speed internet, responding to Reliance Industries’ statement that it welcomes competition in satellite communications, provided all players follow Indian…
US annual budget gap touches $2 trillion The US government spent nearly $2 trillion more than it collected in the 2026 fiscal year, widening its budget deficit to the higest in five years. Higher debt payments, tariff refunds and increased spending on social benefits and defence contributed to the rise.The shortfall increased by $217 billion…
Trump announced the waiver just days before several provisions of the legislation were due to take effect. In what is being seen as a big relief for India and China, US President Donald Trump has waived sanctions, restrictions and duties provided for under the Sanctioning Russia and Iran Act, citing the national interest of the…
