Fintech major One97 Communications, which operates under the Paytm brand, reported its first-ever consolidated net profit of Rs 122.5 crore in the quarter ended June 2025 (Q1 FY26), helped by cost optimisation and a rise in payment revenues, the company said in a statement on Tuesday.The firm had posted a net loss of Rs 840…
British pharmaceutical giant AstraZeneca on Tuesday announced plans to invest $50 billion in the United States, including the construction of a multi-billion-dollar manufacturing facility in Virginia—its largest-ever single manufacturing investment—amid rising pressure from the Trump administration’s tariff push.The company said it expects 50% of its total revenue to come from the US by 2030, underlining…
India’s sustained economic growth positions it as an “anchor of stability” for the world at a time of deep uncertainty and shifting global dynamics, Niti Aayog Vice Chairman Suman Bery said at the United Nations on Monday.Addressing the ministerial segment of the High-Level Political Forum on Sustainable Development Goals at UN Headquarters, Bery said the…
India has emerged as a relatively safe haven among emerging markets amid ongoing global trade uncertainties, according to a recent report by JP Morgan.The financial major said India is benefiting from a combination of falling inflation, improved system liquidity, and reduced government borrowing—factors that are expected to support economic expansion, ANI reported. “India: Falling inflation,…
Short-term investors are leaning towards ICICI Bank in the private banking space, thanks to its solid June quarter results. With strong profit growth and steady margins, ICICI is currently edging out rival HDFC Bank in investor preference.HDFC Bank is currently dealing with various post-merger issues, notably an elevated credit-deposit (CD) ratio, which has affected investor…
Sovereign Gold Bonds or SGBs are government-backed securities measured in grams of gold. (AI image) Soverign Gold Bond redemption: The Reserve Bank of India (RBI) has announced the early redemption value for Sovereign Gold Bonds (SGB) 2018-19 Series-V. Investors can opt for early redemption only after holding the bonds for five years from the issue…
In the Indian market, Apple’s primary suppliers include Foxconn and Tata Electronics. (AI image) China’s rare earth metal export curbs may soon begin hitting production of Apple AirPods in India. China has stepped up restrictions on exports of rare earths and various industry sectors have raised the alarm on the possible impact of the unavailability…
NEW DELHI: Abu Dhabi Investment Authority (ADIA), UAE’s largest sovereign wealth fund, has entered into a definitive agreement to invest $200 million (around Rs 1,700 crore) for a 3% stake in Meril (Micro Life Sciences), a medical devices company. This investment values Meril at an enterprise value of $6.6 billion (around Rs 56,000 crore), says…
Asian markets hovered near a four-year high on Tuesday, supported by Wall Street’s record close and optimism around upcoming corporate earnings. Investors also tracked global trade developments, especially US tariff talks with key partners, Reuters reported.Japanese markets reopened after a holiday, reacting calmly to weekend election results where the ruling coalition lost in the upper…
BENGALURU: CoinDCX confirmed a $44 million security breach involving one of its internal operational accounts, marking the second-largest publicly known crypto hack at an Indian exchange. The company launched a recovery bounty of up to $11 million to trace the funds and identify those responsible. While the loss was limited to CoinDCX’s own treasury and…