Markets regulator Sebi has imposed a total penalty of Rs 58.5 crore on four senior officials of Seya Industries Ltd, including promoter and Chairperson Ashok Rajani and his son, Amrit Rajani, for allegedly siphoning off funds and falsifying financial statements over multiple years, news agency PTI reported.In its final 122-page order issued Friday, Sebi found…
Tata Consultancy Services (TCS) has announced a strategic partnership with Kuwait-based Jazeera Airways to spearhead an AI-led digital transformation initiative aimed at elevating customer experience and improving operational efficiency.As part of the collaboration, TCS will revamp Jazeera Airways’ digital platforms, including its website and mobile apps, and roll out an advanced AI-powered chatbot designed to…
AI-generated representative image Declining travel demand, evidenced by disappointing earnings projections from major travel companies, could lead to significant economic losses for the US this year. Analysts point to the impact of the Trump administration’s trade policies on consumer confidence, as reported by Reuters.JP Morgan claimed in a recent note that rising anti-American sentiment may…
Sajjan Jindal-led JSW Steel may face challenges in meeting its expansion target and maintaining revenue guidance after the Supreme Court judgement that rejected its resolution plan for Bhushan Steel and Power Ltd (BPSL), say analysts.The company may also see a production cut of around 10 per cent besides rejig in capital expenditure plans in view…
Warren Buffett’s Berkshire Hathaway reported significantly lower profits Saturday morning, posting just over one-third of last year’s earnings—moments before thousands of shareholders poured into an Omaha arena to hear from the legendary investor himself.The drop in profits was largely due to a steep decline in the value of Berkshire’s investments and $860 million in insurance…
More than seven decades after gaining independence together in 1947, India and Pakistan have taken sharply divergent economic paths, with one of the starkest contrasts visible in their foreign exchange reserves — a key indicator of financial stability and economic resilience.According to a detailed analysis by The Economic Times (ET), India’s forex reserves currently stand…
India’s imports from Pakistan are set to drop to zero following a newly imposed trade ban by the central government, noted Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI), in a recent statement. “India’s already minuscule imports from Pakistan–barely $ 0.5 million a year–will now drop to zero. No one in India will…
India’s largest public sector lender, State Bank of India (SBI), reported a 10% year-on-year (YoY) drop in net profit for the fourth quarter of FY25. The bank posted a net profit of Rs 18,642.59 crore, compared to Rs 20,698.35 crore in the same period last year.Despite the decline in profit, the bank’s Net Interest Income…
Temu, the Chinese e-commerce giant, has stopped shipping products directly from China to US customers. Instead, all orders will now be fulfilled from warehouses within the United States, a company spokesperson confirmed Friday.The move comes following the closure of a provision that previously permitted Chinese-made products valued up to $800 to enter the United States…
Oyo Hotels is delaying its plans for an Oct IPO after opposition from SoftBank and a tumultuous turn in the stock market this year. SoftBank has balked at the proposed timing and pressed Oyo to hold off on an IPO until its earnings are stronger, according to people familiar with the matter.This is Oyo’s third…
