Business
Markets, economy, and business news
Julius Baer names Kunal Sumaya interim India Head as CEO exits
Sumaya brings 17 years of experience at Julius Baer, having held senior roles including Team Head and Group Head before leading the firm’s global NRI business
Odisha and West Bengal’s contrasting growth paths
Odisha has made rapid strides in growth and fiscal health, but lagged in social development. Bengal fares better in human development, but needs to reignite growth and industry
Enovix Corporation Appoints Steve Bakos as Senior Vice President of Worldwide Sales to Support Commercial Scale-up and Revenue Growth
New silicon-specific testing framework aligned with lead smartphone customer New silicon-specific testing framework aligned with lead smartphone customer
Vodafone dials up full control of joint venture with Three in £4.3B deal
CK Hutchison takes early cash as UK mobile tie-up moves ahead of schedule Vodafone has struck a deal to take full ownership of VodafoneThree, the mobile network formed from last year's merger of its British operations with Three, in a move designed to acceler…
Vodafone dials up full control of joint venture with Three in £4.3B deal
: CK Hutchison takes early cash as UK mobile tie-up moves ahead of schedule
No systemic risk to BFSI sector; may see short-term slowdown in loan growth: Deepak Parekh
Industry veteran Deepak Parekh stated the banking and financial services sector is not facing major systemic risks from global geopolitical uncertainties. He anticipates a short-term slowdown in loan growth. Real estate investment trusts are growing in India.…
SEBI proposes reforms to expand online bond platform offerings, including products regulated by IFSC Authority
SEBI proposes reforms for Online Bond Platform Providers to enhance offerings and align with stockbroker regulations in IFSCs.
German chemicals major BASF to set up global services hub in Hyderabad, to create 3,000 jobs
German chemical giant BASF is setting up two global services hubs in Hyderabad. This significant expansion will create approximately 3,000 jobs. The new hubs will manage global finance and human resources functions. This move strengthens BASF's presence in In…
Looking for safe returns? These 5 government-backed schemes offer over 7.5% interest
Several government-backed savings schemes in India offer annual interest rates of 7.5% and higher. These options cater to various groups and provide tax benefits, attracting conservative investors.
“Diet Coke parties” take India by storm: Iran war causes soft drink shortage in the country
Diet Coke is sold only in cans in India, making the Coca-Cola product more vulnerable to supply chain disruptions caused by the closure of the Strait of Hormuz The post “Diet Coke parties” take India by storm: Iran war causes soft drink shortage in the countr…
Govt issues updated SOP for processing FDI applications
The Indian government has issued an updated Standard Operating Procedure (SOP) for processing Foreign Direct Investment (FDI) applications, aiming to clear all proposals within 12 weeks, a two-week extension from the previous 10-week target, to ensure a fully…
Gilat Signs Strategic Multimillion Partnership with Nelco in India to Deploy SkyEdge IV
Ka‑band service launch will enable multiple connectivity services using GSAT‑20 Ka‑band HTS capacity Ka‑band service launch will enable multiple connectivity services using GSAT‑20 Ka‑band HTS capacity
Capital deployment in India's realty surges 88% to record USD 30.7 billion: CBRE Report
Former HDFC Chairman Deepak Parekh released a CBRE South Asia report at the CII BFSI Summit 2026, which highlighted a surge in capital deployment in India's real estate sector, with equity inflows touching a record USD 30.7 billion between 2024 and the first …
Definedge Securities names Hemant Luthra Chairman in board overhaul
Luthra brings over four decades of cross-sector experience spanning technology, private equity, telecom, aerospace, and manufacturing
Cognizant eyes up to 15,000 job cuts, India likely to see biggest impact
The possible job cuts come at a time when many large IT firms are restructuring Slower spending by clients rising automation and the growing use of AI are changing the way companies operate
Sebi mulls allowing OBPPs to offer products regulated by IFSCA, tax-saving bonds
Markets regulator Sebi on Tuesday proposed allowing Online Bond Platform Providers (OBPPs) to offer products or services regulated by International Financial Services Centres Authority (IFSCA) and certain tax-saving bonds under the Income Tax Act.
US-Iran tensions drive rupee to record low, impact oil and Bitcoin markets
Geopolitical tensions heighten economic instability, influencing global markets and complicating monetary policy decisions amid inflation concerns. The post US-Iran tensions drive rupee to record low, impact oil and Bitcoin markets appeared first on Crypto Br…
Rs 1.55 lakh monthly income, but only Rs 5000 saved: CA explains the visibility vs spending gap that causes low savings anxiety
A Bengaluru-based CA has sparked discussion after responding to a Reddit post of a 29-year-old earning ₹1.55 lakh per month but saving only ₹5,000 to ₹9,000 at month-end. She explained that the situation is not necessarily a sign of poor finances, but of how …
Loan waiver offer? RBI says it could be a scam; 5 ways borrowers can protect themselves
RBI warns borrowers about rising fake loan waiver scams nationwide, urging verification with banks, avoiding upfront fees, and relying on official sources to prevent financial losses and credit damage.
Onity Group Announces First Quarter 2026 Results
Double-digit year-over-year growth in revenue, origination volume, and total servicing UPB; Originations profitability partially offset higher MSR runoff Double-digit year-over-year growth in revenue, origination volume, and total servicing UPB; Originations …
The alchemist of Bengaluru: Kiran Mazumdar-Shaw began from a garage
Kiran Mazumdar-Shaw has named her niece Claire Mazumdar as successor, setting up a gradual leadership transition at Biocon. A pioneer who built the company from a garage into a global biotech leader, Kiran is ensuring continuity by handing over to a science-d…
Cognizant Layoffs: Cognizant may slash 12,000-15,000 jobs globally; bulk of cuts in India
Cognizant has said it expects to incur $230 million and $320 million in costs under its newly announced Project Leap, with $200 million to $270 million set aside for severance and other personnel expenses
Marico Q4 Results: Profit rises 14% to Rs 391 crore; co declares Rs 4 dividend
Marico reported strong March quarter results with 22% revenue growth and 14% profit rise, driven by robust India volumes and international momentum. Margins contracted due to high input costs. Board announced Rs 4 dividend, while full-year growth hit multi-ye…
India is said to plan new platform for bond derivative trades
Bond forwards are widely used by Indian insurers to hedge interest-rate risk. Banks typically sell the contracts, agreeing to deliver securities at a fixed price on a future date
Rupee slides past 95.43/$ as economic worries mount on renewed US-Iran tensions
State-run banks were spotted offering dollars near the rupee’s record low, which traders said were most likely on behalf of RBI and intended to prevent the currency from falling to the key psychological level of 95.50
Daryaganj announces the launch of its first Daryaganj Gold in India
Daryaganj Restaurants has opened Daryaganj Gold in Aerocity, New Delhi. This new outlet offers an enhanced dining experience with a larger space and a special Gold menu. It also features Daryaganj's classic dishes. The brand plans to expand this premium forma…
India's new 10-year bond likely to be issued at above 7% coupon, analysts say
This note will replace the existing 10-year benchmark 6.48% 2035 bond, currently trading at a yield of 7.05%
Coal India commissions 100 MW solar power project in Gujarat
State-owned Coal India Limited has commissioned a 100 MW solar power project in Gujarat. This marks a significant step in the company's renewable energy expansion. The project received its commissioning certificate from Gujarat Energy Development Agency. This…
NHAI road award slowdown deepens, FY27 outlook remains challenging: Nuvama
Construction falls 78 per cent year-on-year as FY26 misses target; no budget boost for FY27 limits recovery hopes
Club Mahindra CFO Vimal Agarwal steps down; stocks in red
Club Mahindra's CFO Vimal Agarwal resigns, Rajiv Vimal appointed as successor; stocks decline amid leadership transition.