Edelweiss mutual fund CEO Radhika Gupta emphasized the importance of adopting a more well-rounded approach to personal finances, one that extends beyond the conventional emphasis on saving and long-term investing.“My job is to sell SIPs, but I always tell everyone – young and old – to take the time to enjoy the fruits of your…
This is a representative AI image (Pic credit: Lexica) NEW DELHI: Scotch and British gin makers may have been successful in gaining lower duty access to the Indian market, but domestic players are miffed and allege discrimination against Indian brands when they ship their products to the UK.“The UK and even the European Union do…
While treatment costs in India are low, so are the medical insurance premiums. (AI image) New Delhi: Low medical insurance premiums, affordable treatment costs and high quality healthcare facilities at private hospitals are making NRIs turn to India for medical treatment, according to a report by Policybazaar. The insurance aggregator noted that the share of…
The scope of these sanctions is limited to EU territories, citizens, and organisations. India on its part continues to reject unilateral sanctions imposed by other nations. (AI image) EU’s sanctions on Russia oil have hit an Indian branch of a UAE-based firm. Intershipping Services Hub Private Ltd, an Indian subsidiary of a UAE-based company, has…
Sunjay Kapur’s mother challenges appointment of his wife as Sona Comstar director NEW DELHI: A succession battle has broken out in the family of the late Sunjay Kapur, the promoter of Sona Comstar who died last month following a heart attack during a polo match. Alleging that the death of her son in the UK…
BENGALURU: Bengaluru-based Yali Capital closed its debut deep tech-focused fund at Rs 893 crore, exceeding its original Rs 500 crore target and Rs 310 crore greenshoe option. The Sebi-registered Category II AIF plans to deploy the fund across early-stage and late-stage investments in sectors such as semiconductors, AI, robotics, aerospace, and smart manufacturing. Source link
MUMBAI: Bank of Baroda reported a muted 1.9% rise in net profit for the June quarter, as dip in net interest income and higher provisions offset gains from strong growth in deposits and advances. Net profit stood at Rs 4,541.4 crore in Q1 FY26, up from Rs 4,458.2 crore a year earlier. Source link
MUMBAI: SBI Cards reported a 6.4% decline in net profit to Rs. 556 crore for the June quarter, compared with Rs. 594 crore a year earlier, as higher impairment losses and bad debts offset revenue growth. The provisions rose 22.8% YoY to Rs. 1,352 crore. Source link
BENGALURU: US household goods manufacturer Clorox sued Cognizant for $380 million, alleging that the latter’s service desk granted access to cybercriminals to Clorox’s network by providing login credentials without properly verifying the requester’s identity or following Clorox’s authentication processes.“The resulting cyberattack was debilitating. It paralysed Clorox’s corporate network and crippled business operations. And to make…