Wall Street traded mostly in green on Friday, lifted by strong results from Intel and growing hopes of possible talks between the United States and Iran over the weekend. Around 8:35 pm IST, Nasdaq was up 1% or 248 points to 24,686. S&P 500 was up 29 points or 0.41% to trade at 7,137. Dow…
The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited, on Friday, ceasing its operations as a bank, effective from April 24. “The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective…
This image is used for representation purpose only (AI-generated) Amid Iran’s move to control traffic passing through the Strait of Hormuz, the world’s most critical maritime chokepoint has become a litmus test for how far states can go in monetising global trade routes. Indonesia’s recent attempt — floated in late April 2026 by its finance…
India-US trade deal: India and the United States have agreed to continue their engagement on a proposed trade agreement, with the government confirming on Friday that the latest round of discussions between officials from both countries wrapped up on April 23 after three days of talks.On February 7, the two countries had issued a joint…
The corporate world rarely loosens its grip on formals, think crisp linen shirts, sharp tailoring, and neatly put-together office wear. But Tokyo’s workforce may have found an escape. In a bid to beat the heat and cut back on electricity use, the metropolitan government is now letting its employees clock in wearing shorts, as rising…
BENGALURU: Infosys shares fell 6% in early NYSE trade after the company forecast broad-based revenue growth of 1.5% to 3.5% for FY27, while maintaining that underlying demand remains resilient despite geopolitical uncertainty. Its operating margin guidance remains unchanged at 20%-22%.For the March quarter, revenue grew 4.1% year-onyear in constant currency but declined 1.3% sequentially. In…
MUMBAI: Bank lending is back in favour. In FY26 it reclaimed primacy in financing India’s commercial sector, its share of total resource flows climbing to a three-year high, as per RBI’s April bulletin.The shift is stark. Total resource flows reached Rs 44.7 lakh crore in FY26, while nonfood bank credit surged to Rs 29.2 lakh…
Jaguar Land Rover is recalling 170,169 vehicles in the US due to loss of drive power, the US National Highway Traffic Safety Administration said on Thursday. The recall affects multiple models including Range Rover, Discovery, Range Rover Sport, Defender, etc., NHTSA said. A failure of the DC-DC converter will stop the vehicle’s 12-Volt system from…
MUMBAI: Amazon is betting a fresh $300 million (over Rs 2,800 crore) on India to widen its operations network and boost its quick commerce business, a space where the firm has been a late entrant, lagging in market share.The Seattle-based e-commerce company has set a target of more than doubling the footprint of its quick…
MUMBAI: Union Bank of India reported a net profit of Rs 5,316 crore for the quarter ended March 31, marking a 6.6% increase from Rs 4,985 crore in the corresponding quarter a year ago, supported by lower operating expenses and improved asset quality.For FY26, the net profit of Rs 18,697 crore was about 4% higher…