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Stocks in news: Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, Tata MotorsIndian markets experienced profit booking, falling over a percent amidst a weak global trend. Key stocks like Vedanta, Honasa Consumer, IRC...
French mid-sized firms adopt AI but see few gains, survey showsFrench mid-sized companies are rapidly adopting generative AI, with 77% now using it. However, most are yet to see tangible productivity ga...
RBI says UPI-linked credit lines must follow same rules as traditional loans; Closes regulatory arbitrageThe Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including those disbursed via UPI. This move...
What are the Fed's bank 'stress tests' and what's new this year?The US Federal Reserve is releasing its annual bank stress test results today, assessing how major lenders would fare in a severe economic ...
EU bets on digital euro to cut US tech addictionThe EU believes a digital euro is the answer to cutting its addiction to US payment systems like Visa and Mastercard as well as Apple Pay a...
Sony plans its first dollar-bond sale in nearly three decadesSony is making a significant return to the US investment-grade bond market after nearly three decades, with plans for a multi-billion dolla...
Talent shortage slows AI project progress beyond pilot stagesIndia faces a looming AI talent crisis, with projections indicating a shortage of over a million professionals by 2027. Companies are strug...
India-UK FTA sparks partnership rush among boutique law firmsIndian law firms are actively seeking UK partnerships ahead of a free trade agreement, anticipating a surge in cross-border legal work. Thi...
RBI sold net $8.9 billion in April, gold holdings unchangedThe Reserve Bank of India engaged vigorously in the forex market in April, offloading a net amount of $8.94 billion to protect the rupee fr...
US stocks: Oaktree-backed ITG targets $2.7 billion valuation in US IPODigital infrastructure firm ITG is aiming for a valuation of up to $2.67 billion in its US stock market debut, seeking to raise as much as ...
Oaktree-backed digital infrastructure firm ITG aims to raise $429 million in US IPOITG, a digital infrastructure company backed by Oaktree Capital and ITG Holdings, plans to raise up to $429 million in a US IPO. The offeri...
Indian financial firms to tap $1.5 billion overseas bonds this week: BankersIndian lenders are poised to issue approximately $1.5 billion in foreign-currency bonds this week, driven by a new, cost-effective hedging ...
Karan Sharma elevated as Avendus' I Banking headAvendus Group, now majority-owned by Mizuho Securities, has appointed Karan Sharma as its new Managing Director and Head of Investment Bank...
Regulatory minefield: ED enters the crypt, waking up the ghosts for Crypto IncIndia's crypto sector faces a new crisis as the Enforcement Directorate probes four firms for unauthorized foreign money transfers using di...
M-cap of nine of top 10 most valued firms jumps Rs 2.15 lakh cr; Airtel biggest winnerIndian equity markets saw a significant boost last week, with the top ten firms gaining Rs 2.15 lakh crore. Bharti Airtel led the surge, ad...
Hyundai to buy SoftBank's remaining stake in Boston Dynamics for $325 million: Media reportHyundai Motor is expected to convene a board meeting on June 22 to approve the purchase, the newspaper said, citing unnamed industry sourc...
AI cuts tech project times from years to months, says Deutsche Bank execDeutsche Bank is experiencing a remarkable transformation through artificial intelligence. What used to take two years can now be accomplis...
RBI clears three-month extension for HDFC Bank interim chairman Keki MistryThe Reserve Bank of India has granted a three-month extension for Keki Mistry as interim Part-time Chairman of HDFC Bank. This allows the b...
HDFC Bank board to review findings on Atanu Chakraborty's exit on June 18HDFC Bank's board meets June 18 to review legal findings on Atanu Chakraborty's concerns. Preliminary reports suggest no governance issues....
No merit in issues flagged by ex-chair of HDFC Bank: Law firmsThe reviews were prompted by former Chairman Atanu Chakraborty's dramatic March 18 resignation, a decision he had said in a letter to the e...