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Bharat Petroleum Corp. reported double-digit sequential growth in profit and revenue in the third quarter of the current financial year. Standalone net profit surged 17% to Rs 7,545 crore in the October-December quarter, compared to Rs 6,443 crore in the previous quarter, according to a stock exchange filing on Friday. The public sector oil company’s…
Read More “Profit, Revenue Grow In Double Digits; Dividend Of Rs 10” »
Peeyush Ranjan, former Flipkart CTO and Myntra co-founder Mukesh Bansal debuted Fermi.ai on Thursday. This new edtech venture prioritses AI-driven learning for high school STEM students across India and the US. Fermi.ai enters the market during a period of industry-wide correction, as edtech firms move away from the recent cycle of rapid investment and subsequent decline….
Read More “Flipkart, Myntra Veterans Launch AI-First EdTech Venture” »
Union Minister for Petroleum and Natural Gas Shri Hardeep Singh Puri during the Curtain Raiser Press Conference on IEW 2026, on Friday, January 23, 2026. Photo credit: PIB As India seeks to diversify their avenues for oil import, state-owned refiner, Bharat Petroleum, would enhance their term contract to procure crude oil from Brazil’s Petrobras, according…
India’s foreign exchange reserves jumped by $14.167 billion to $701.36 billion during the week ended Jan. 16, the Reserve Bank said on Friday. The overall reserves had increased by $392 million to $687.193 billion in the preceding week. The reserves climbed to an all-time high of $704.89 billion in September 2024, but have been under…
Read More “Forex Reserves Up $14 Billion To $700 Billion: RBI Data” »
Beijing is deepening an investigation into Meta Platforms Inc.’s $2 billion acquisition of Chinese-founded AI startup Manus, raising the risk that regulators will seek to alter or even unwind the deal if wrongdoing is found. Chinese officials had begun looking into whether the December takeover of the agentic AI startup violated tech export or national security regulations….
Read More “China Deepens Review of Meta’s Landmark $2 Billion Manus Buyout” »
IndusInd Bank Ltd. reported a sharp fall in standalone net profit in the third quarter of the current fiscal, missing street expectations. Profit plunged to Rs 161 crore in the October-December quarter, compared to Rs 1,401 crore in the year-ago period, according to a stock exchange filing on Friday. Analysts’ consensus estimates compiled by Bloomberg…
Read More “Profit Declines Sharply Amid Rising Provisions” »
The Karnataka High Court on Friday lifted the ban on bike taxis, paving the way for the resumption of services across the state. Karnataka Transport Minister Ramalinga Reddy said he had not yet received a copy of the order and would comment after reviewing it. However, he said the division bench of the High Court…
Read More “Karnataka HC Lifts Ban On Bike Taxis In Relief To Uber, Rapido, Ola” »
Four major steelmakers — Tata Steel, JSW Steel and State-run SAIL and RINL— disclosed their pricing plans to rivals and coordinated production cuts to reduce supplies, an antitrust investigation report seen by Reuters shows. In the most high-profile antitrust case involving the steel sector, an investigation by the Competition Commission of India found that 28…
Read More “Antitrust probe links Tata, JSW to steel cartel via WhatsApp chats, production data” »
Even as silver has outperformed gold in percentage terms over the past year, billionaire investor and Bridgewater Associates founder Ray Dalio remains firmly constructive on gold, calling it a structural allocation rather than a speculative trade as the global monetary system comes under strain. After outperforming gold last year, silver’s price momentum has continued into…
Read More “Why Ray Dalio Prefers Gold Over Silver Despite The Metal’s Hot Rally” »
Image used for representational purposes only | Photo Credit: Reuters The World Economic Forum (WEF) has decided to establish five new Centres for the Fourth Industrial Revolution, including one in India’s Andhra Pradesh. Two such centres are already there in India—one in Mumbai and the other in Telangana. The Fourth Industrial Revolution Network is a…
Read More “WEF to launch five new Centres for Fourth Industrial Revolution, one in India” »