Sunjay Kapur’s mother challenges appointment of his wife as Sona Comstar director NEW DELHI: A succession battle has broken out in the family of the late Sunjay Kapur, the promoter of Sona Comstar who died last month following a heart attack during a polo match. Alleging that the death of her son in the UK…
BENGALURU: Bengaluru-based Yali Capital closed its debut deep tech-focused fund at Rs 893 crore, exceeding its original Rs 500 crore target and Rs 310 crore greenshoe option. The Sebi-registered Category II AIF plans to deploy the fund across early-stage and late-stage investments in sectors such as semiconductors, AI, robotics, aerospace, and smart manufacturing. Source link
MUMBAI: Bank of Baroda reported a muted 1.9% rise in net profit for the June quarter, as dip in net interest income and higher provisions offset gains from strong growth in deposits and advances. Net profit stood at Rs 4,541.4 crore in Q1 FY26, up from Rs 4,458.2 crore a year earlier. Source link
MUMBAI: SBI Cards reported a 6.4% decline in net profit to Rs. 556 crore for the June quarter, compared with Rs. 594 crore a year earlier, as higher impairment losses and bad debts offset revenue growth. The provisions rose 22.8% YoY to Rs. 1,352 crore. Source link
The ministry of information and broadcasting (MIB) saw a dip in earnings from Direct-to-Home (DTH) television services in FY25, signaling a continued decline in the pay TV user base.However, revenues from the private FM radio sector showed steady growth during the same period, according to the ministry’s latest annual report.In FY25, DTH revenue decreased to…
India’s foreign exchange reserves declined by $1.183 billion to $695.489 billion during the week ended July 18, according to data released by the Reserve Bank of India (RBI) on Friday.This marks a second consecutive weekly drop after the reserves fell by $3.064 billion in the previous week, PTI reported. India’s forex reserves had touched a…
Gold rate today: Gold prices fell for the second consecutive session on Friday, dropping Rs 500 to Rs 99,120 per 10 grams in Delhi’s bullion market amid easing global trade tensions and a decline in safe-haven demand, according to the All India Sarafa Association.The precious metal of 99.9% purity had settled at Rs 99,620 per…
Wall Street edged higher on Friday, with the S&P 500 and Nasdaq Composite hovering near all-time highs, as investors braced for a packed week of corporate earnings, macroeconomic data and high-stakes trade deadlines.The S&P 500 rose 0.1% in early trade after closing at a record 6,363.35 in the previous session, marking its fourth weekly gain…
Paramount’s cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges facing David Ellison as he takes control. Source link
