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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…
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 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…
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…
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…
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…
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 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…
The impact of agricultural development on overall GVA is declining Gross value added (GVA) of the agriculture and allied sector declined in FY2014 and could only increase in the following year due to lack of monsoon, but the overall GVA growth in those years was 7.2-8 per cent. Other years also confirmed this. …
Lungi Ngidi’s slower ball, which troubled top batsmen in the T20 World Cup, remains equally lethal in the Indian Premier League. Ngidi started working on his slower balls at the insistence of Dwayne Bravo at Chennai Super Kings in 2018 and it took him a while to master this vital skill of the game in…
