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STANDARD CHARTERED PROFIT
Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...- JLR to raise £2 billion five-year loan from global banks to refinance debtJaguar Land Rover is securing a significant £2 billion loan. This move aims to refinance upcoming debt obligations. Several multinational b...
- AI chiefs walk back job apocalypse warningsLeading AI figures like Nvidia's Jensen Huang and OpenAI's Sam Altman are now downplaying fears of mass job losses due to artificial intell...
- OpenAI Foundation commits $250 million to help workers, economies navigate AI disruptionThe OpenAI Foundation is dedicating $250 million to address AI's impact on jobs and economies. This funding will support research, aid disp...
- Europe’s banks embrace AI — and confront the price of dependence on US techThe finance industry is rapidly adopting AI, but soaring costs for computing power and AI assistants like Claude are creating financial str...
- Spending Rs 10,000 extra today could cost you Rs 24 lakh later. CA warns against 50-30-20 financial ruleHigher salaries can lead to increased spending, hindering wealth creation. Chartered Accountant Nitin Kaushik explains the 50/30/20 budgeti...
- StanChart CEO seeks to reassure staff over AI-linked job cutsStandard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human c...
- Oil prices and dollar hold key to EM flows: Manpreet GillGlobal bond yields are climbing, prompting investors to re-evaluate market risks. This rise pressures equities, particularly those in the a...
- The AI blindspot: Layoffs are piling up, but where are the returns?Companies are cutting jobs to fund AI, but this strategy may not work. A global survey shows that reducing staff does not guarantee better ...
- StanChart announces massive job cuts: Standard Chartered to lay off over 7,000 employees. Check deadline, reasonStanChart or Standard Chartered's move to streamline operations and rein in costs comes as more global firms slash jobs by deploying AI to ...
- Summer travelers who relied on Spirit Airlines may struggle to find budget alternativesSpirit Airlines has ceased operations, leaving many Americans struggling to find affordable flights. Rising jet fuel costs, inflation, and ...
- Global investors Temasek, Alpha Wave Global eye $1.3 bn investment in Adani AirportsAdani Airports: In all, four investors are expected to join the consortium seeking a stake in India's largest private airport operator, bet...
- Global Earnings | HSBC reports flat first-quarter profit; expects further credit lossHSBC Holdings saw flat first-quarter profits. Higher credit loss charges in the UK and provisions for Middle East conflict impacted earning...
- Federal Bank eyes long-term value creation from SCB Card portfolio acquisitionFederal Bank is acquiring Standard Chartered's credit card portfolio, gaining a high-quality, younger customer base with strong credit scor...
- Tax shadow over charitable trusts with 'profit' motiveThree top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied...
- Standard Chartered to sell bulk of Indian credit cards to Federal BankStandard Chartered is selling a significant portion of its Indian credit card portfolio to Federal Bank. This move aligns with Standard Cha...
- Elon Musk vs Sam Altman heads to court in blockbuster AI showdown with billions at stakeA major legal battle begins this week in California. Elon Musk is suing Sam Altman and OpenAI. The case centers on OpenAI's shift from a no...
- Tata Elxsi says Gaurav Bajaj resigns as Chief Financial Officer; names Nalin Rana as successorTata Elxsi's Chief Financial Officer, Gaurav Bajaj, will resign on May 29, 2026. Nalin Rana will take over as the new CFO from May 30, 2026...
- Standard Chartered India posts 15% rise in profit before tax in 2025Standard Chartered's India operations saw a 15% rise in profit before tax to $542 million in 2025, driven by lower expenses and provisions,...
- Standard Chartered posts four-fold jump in India profit before tax in 2020Profit before tax quadrupled to $337 million in 2020 from $79 million in 2019, making India the second biggest profit centre for the bank.
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