TVS Supply settles loan dispute
TVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India and withdrawn its appeal in NCLAT against the order dismissing insolvency proceedings against the telecom gear maker. Earlier this week, counsel for TVS Supply Chain informed the National Company Law Appellate Tribunal (NCLAT) about the settlement and requested to withdraw the appeal….
Iran fired on ships in the strait
Iran reversed its decision to reopen the Strait of Hormuz and opened fire on a tanker attempting to pass through the waterway on Saturday. It also warned that it would continue to block transit through the strait as long as the US blockade of Iranian ports remains in effect. Confusion at the key chokepoint threatens…
ICICI Bank’s net profit increased by 8.5%
Private sector lender ICICI Bank reported 8.49 per cent net profit growth in the January-March quarter of FY26 (Q4 FY26) on a year-on-year (YoY) basis to ₹13,701.68 crore from ₹12,629.58 crore in Q4FY25, driven by healthy growth in income and a sharp decline in provisions. The bank’s net interest income (NII) for the quarter rose…
Howard Lutnick shut down the conversation
by Colm Murphy Commerce Secretary Howard Lutnick ruled out Chinese investment in the US auto industry, saying there is no need for companies like electric car maker BYD Co in the US. When asked during a heated exchange at a Semaphore event in Washington on Friday whether a joint venture factory by BYD was…
Tesla is preparing to launch S
Tesla Inc. is preparing to introduce a new, larger version of its global best-selling electric SUV in India as early as next week, according to people familiar with the matter. The Model YL – a six-seat, long-wheelbase configuration that made its global debut in China last year – will be Tesla’s first new product in…
Kiwi co-founder Mohit Bedi steps down
Mohit Bedi, co-founder of credit-on-UPI fintech firm Kiwi, has left his post as chief business officer (CBO) and shifted to an advisory role at the company, according to two people in the know. Bedi, who is stepping down due to personal reasons, will remain with the company till July this year, after which, he is…
No complaint received in this regard
Tata Consultancy Services (TCS) on Friday said an initial review found no complaints on ethics or prevention of sexual harassment (POSH) channels related to the allegations at its Nashik unit. This comes as the company has launched an independent investigation and instituted oversight at the board level. “While the detailed review is still ongoing, a…
Parliamentary panel gives green signal to Poli
In its 23rd report on the National Mineral Exploration and Development Trust (NMEDT), the Standing Committee on Coal, Mines and Steel said that offshore exploration presents a “significant opportunity” to exploit largely untapped marine minerals and strengthen long-term resource security, particularly in the context of securing critical minerals. It recommended that the Ministry of Mines…
Instax Mini 13 review: Playful
If you have spent any time on Pinterest or Instagram, you have probably seen instant cameras popping up everywhere, almost like a must-have item. But beyond the looks, the real question is whether such devices add something special to your moments or if it’s just an expensive pick that most people will not use…
Jean Riachchi: Weathering the (l
Jean Riachi, CEO of I&C Bank in Lebanon and FFA Private Bank in Dubai, discussed the protracted crisis of the Lebanese banking sector, the impact of the current war in Lebanon, and the challenges ahead. Global Finance: How is the current conflict affecting the region’s financial sector? Jean Riachchi: This conflict will damage the economies…
