Latest Updates Around The World
Foreign institutional investors (FIIs) have quietly increased their stakes in most state-owned lenders in the September 2025 quarter, signaling renewed confidence in India’s public banking sector. The incremental purchases, spread across almost every major PSU bank from Bank of Baroda to State Bank of India, come as the Nifty PSU Bank index rose nearly 9% […]
Coinbase’s first-mover advantage as the only publicly traded crypto exchange has helped boost earnings expectations again, but competition from clearer rules and newly listed companies looms, Wall Street analysts said Friday. The global crypto market has grown to $3.7 trillion as institutional and retail investors pour money into digital assets. President Donald Trump eased regulatory […]
Nvidia Corp. Chief Executive Officer Jensen Huang has sold more than $1 billion worth of the chipmaker’s stock since June, completing a massive, pre-planned stock sale. The final sale of 25,000 shares, reported Friday, capped a scheme Huang adopted in March to divest as many as 6 million shares by the end of the year. […]
MUMBAI: Cement manufacturer ACC has reported a five-fold increase second-quarter consolidated net profit from a year ago, helped by a tax recovery, and said it expects a revival in demand due to the VAT cut and improved economic sentiment. Consolidated net profit for the September quarter rose to Rs 1,119.26 crore, the Adani group company […]
Praveen Someshar, chief executive of United Spirits, said a rebound in urban spending and a surge in demand for premium drinks drove sales growth, but the maker of Johnnie Walker and Smirnoff warned that the second half of the fiscal year, typically driven by weddings and festivals, could be more challenging than usual due to […]
Shares of Amazon rose more than 11% in early trading on Friday, after strong growth at its cloud unit and bullish sales prospects eased fears that the tech giant was falling behind its rivals in the AI race. Revenue at Amazon Web Services, the focus of the company’s recent AI investments, rose 20% in the […]
Mortgage firm Aptus Value Housing Finance India on Friday reported a 24 percent rise in net profit to Rs 227 crore for the second quarter ended September, supported by business growth. The Chennai-based company had made a profit of Rs 182 crore in the corresponding period last year. Total income during the quarter under review […]
State-owned Bank of Baroda (BoB) on Friday reported an 8 per cent fall in net profit to Rs 4,809 crore for the second quarter ended September, amid decline in interest income. The bank had posted a net profit of Rs 5,238 crore in the year-ago period. Total revenues also fell to Rs 35,026 crore in […]
Eurozone government bond yields were on track for a second weekly rise in a row, following an aggressive signal from the Federal Reserve and a quiet meeting of the European Central Bank. The ECB kept interest rates unchanged at 2% and reiterated that policy was in a “good place” as economic risks recede and the […]
Indian government bonds rose in late trading on Friday as the central bank sold less debt than planned in a weekly auction, providing some relief in a bearish market. Bonds have sold off in recent days amid doubts about local rate cuts and the central bank’s stance on the banking system’s liquidity. “The bond movement […]
