MUMBAI: Mahindra & Mahindra has sold its entire 3.5% stake in RBL Bank for Rs 678 crore, booking a 62.5% gain on its treasury investment made in Jul 2023 for Rs 417 crore. The sale comes weeks before Emirates NBD launches an open offer on Dec 12 to buy shares from public investors at Rs…
Profits at India’s state-run oil refiners soared in the July–September quarter even as their dependence on discounted Russian crude dropped sharply, showing that earnings were fuelled more by global price movements than by cheap Russian supplies.According to ET, the combined profit of Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL)…
Citigroup has a buy rating on Bharti Airtel with the target price at Rs 2,225. Analysts said the telecom services major had a steady July Sept quarter (Q2FY26), with India mobile, homes, and business segments all modestly above expectations. They said India mobile revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) grew 2.5-4%…
The Federal Aviation Administration (FAA) will reduce air traffic by 10% across 40 of America’s busiest markets from Friday, an unprecedented move to ensure flight safety as the ongoing government shutdown strains air traffic controllers. The announcement, made Wednesday, could affect thousands of flights daily, as the FAA manages more than 44,000 aircraft movements each…
File photo (Picture credit: AP) Asian shares gained on Thursday, recovering some of the previous session’s sharp losses as investor sentiment improved following upbeat US jobs data and a rebound on Wall Street. According to news agency AFP, the rally came after figures from payrolls firm ADP showed that US private sector employment jumped more…
Mumbai: A State Bank of India research report has called for a long-term national gold policy that defines gold’s role, as money or as a commodity, and aligns it with broader financial reforms. The report said such a framework should link to India’s plans for capital account convertibility and encourage investment through the monetisation of…
NEW DELHI: A high-powered government committee on artificial intelligence (AI) has said India does not require a separate law to regulate AI at this moment as a large number of risks associated with the cutting-edge technological leap can be handled by existing laws. It did, however, highlight the need to create an India-specific risk assessment…
China and the United States have taken steps to cool their trade tensions after a meeting between presidents Donald Trump and Xi Jinping in South Korea last week. The move marks a cautious pause in a dispute that has disrupted global trade and technology ties since 2018.Here is where the two sides now stand on…
Danish pharmaceutical giant Novo Nordisk, the maker of obesity drugs Ozempic and Wegovy, lowered its 2025 sales outlook for the fourth time this year on Wednesday after reporting tepid third-quarter results.The company, which appointed Mike Doustdar as CEO in August, now expects full-year sales growth of 8 to 11 per cent, down from a previous…
Logistics company Delhivery on Wednesday announced a consolidated net loss of Rs 50.38 crore for the quarter ending September 2025, compared with a profit of Rs 10.20 crore during the same period last year.The company’s operational revenue for Q2 FY26 rose 16.9% to Rs 2,559.3 crore from Rs 2,189.7 crore in Q2 FY25. Revenue from…