At $120/BBL, Indian Crude Basket’s Oct Avg Price Hits 14-Yr High MUMBAI: Rising crude oil prices with the Indian crude basket at a 14-year high, fresh weakness of the rupee after an eight-session gain and sliding Asian markets weighed on investor sentiment on Dalal Street on Thursday.As a result, sensex showed a weak trend from…
Live Commerce, Interesting Clips Scale ToCreate Content-To-Commerce Ecosystem. MUMBAI: Indians are no longer just shopping; they are video-shopping. Videos drive a lot of traction on online platforms such as Amazon, Flipkart, Myntra and Meesho. Consumers scroll through creator-led content reels or shorts, discovering a host of new brands and products with many eventually clicking on…
The retail portion of the offer—that was subscribed 70% on Day 1—was also fully subscribed on Thursday MUMBAI: The maiden public offering for Jio Platforms, through which the company is raising Rs 30,213 crore, making it the largest such offer in India, was subscribed over five times at the close of bidding on Day 2….
According to analysts, revisiting past coupons raises legal and accounting issues. MUMBAI: Retail bondholders of YES Bank have asked Axis Trustee Services, the debenture trustee, to secure payment of overdue coupons (interest payments) on the bank’s Additional Tier 1 (AT1) bonds, restore their holdings in demat accounts and seek regulatory intervention, days after Supreme Court…
Investors were bearish on the eMudhra stock after the cyber incident. BENGALURU: Shares of digital trust company eMudhra plunged 20% on BSE for the second consecutive day on Thursday after it announced its decision to exit the global SSL/TLS (Secure Sockets Layer/Transport Layer Security) certificate business following a security incident involving eight of its intermediate…
Goyal said the FTA could be signed by Dec and implemented within four to five months. BERLIN: Commerce and industry minister Piyush Goyal Thursday set an ambitious target of increasing bilateral trade with Germany tenfold to 310 billion euros, urging businesses to forge partnerships ahead of implementation of the India-EU free trade agreement (FTA).At the…
The Indian Computer Emergency Response Team (CERT-In) issued a criticalseverity warning. (Reuters photo) BENGALURU: It has been a difficult day for cybersecurity, with critical vulnerabilities in PHP triggering an urgent global patching effort, millions of reported hacking attempts, and precautionary shutdowns of some online services. Microsoft CEO Satya Nadella said the scale of the incident…
The DCC determines where social-security contributions are paid. (Image for representative purpose only) Employees movement from one country to another for work usually brings questions around the minimum salary, immigration and taxes. Such moves can also trigger less obvious social security obligations in both countries, potentially increasing the cost of an international assignment. This was…
Barclays to slash 5,000 jobs Barclays plans to eliminate around 5,000 jobs, or 5% of its global workforce, by the end of this year as the British lender streamlines its operations and increases its investment in technology, including artificial intelligence (AI).The bank has already closed 1,000 positions and expects to cut another 4,000. Around 60%…
Meta’s Q3 net income jumps 264% to $9.86 billion Meta Platforms’ net income more than tripled in the third quarter of 2026, rising 264 per cent year-on-year to $9.86 billion, as higher advertising revenue boosted its financial performance. However, a $9.89 billion legal charge pushed operating income down 37 per cent despite a 26 per…
