India’s Unified Payments Interface (UPI) has been recognised as the world’s largest retail real-time payment system by transaction volume, accounting for nearly half of all such transactions globally, the government told Parliament on Monday.Citing an International Monetary Fund (IMF) report titled ‘Growing Retail Digital Payments (The Value of Interoperability)’ dated June 2025, the government said…
IBM on Monday announced a major acquisition to strengthen its artificial intelligence capabilities, agreeing to buy data streaming platform Confluent in a cash deal valued at $11 billion.The US technology major said it has signed a definitive agreement to acquire all issued and outstanding common stock of Confluent Inc. for $31 per share in cash,…
Shares of InterGlobe Aviation, the parent of IndiGo, remained under heavy pressure on Monday, extending a sharp sell-off that has wiped out more than Rs 37,000 crore in market value in less than a week, as operational turmoil rattled investor confidence.The stock slid as much as 10% to Rs 4,842 during intraday trade, marking its…
Credit rating agency Moody’s has flagged IndiGo’s recent flight disruptions as credit negative, saying the airline failed to adequately plan for aviation regulations that had been known well in advance. The rating agency said the large-scale cancellations and delays point to significant lapses in planning and operational oversight, even though the revised Flight Duty Time…
Banks across the Asia–Pacific region are displaying stronger capital health than lenders in the United States and Western Europe, Moody’s said in its latest survey. The agency’s comparison of the largest banking institutions across major markets shows Asia–Pacific banks have accumulated strong capital levels under what it describes as tighter and more cautious regulatory oversight.The…
Gold prices inched up to Rs 1,30,638 per 10 grams on Monday, even as silver futures slipped to Rs 1,82,600 per kg, with investors turning cautious ahead of the US Federal Reserve’s final policy meeting of the year. On the Multi Commodity Exchange (MCX), February 2026 gold futures rose by Rs 176, or 0.13%, to…
India’s defence aviation is set for a major boost, as Tata Advanced Systems and Lockheed Martin begin a dedicated Maintenance, Repair and Overhaul (MRO) facility for the C-130J Super Hercules aircraft. The groundbreaking, that took place in Bengaluru on Monday, marks the latest expansion in the two companies’ long-running industrial ties.The ceremony was attended by…
China ended November with a historic milestone, recording an annual trade surplus of more than $1 trillion for the first time. Official figures released on Monday show that booming exports to markets outside the United States more than compensated for shrinking US demand.The breakthrough came only weeks after Presidents Xi Jinping and Donald Trump negotiated…
When people tell me about their stock market disasters, the story is almost always familiar. It’s rare, “I bought a solid company at a sensible price, held it for years, and it went to zero.” What I usually hear is closer to, “I bought stock based on this story… this penny stock… this F&O trade…
NEW DELHI: InterGlobe Aviation, the parent company of IndiGo, saw its stock plunge over 7% on Monday morning as the airline’s flight cancellations and disruptions extended into a seventh consecutive day. The shares dropped to Rs 4,976.40, down Rs 394.90 (7.35%) as of 11.25am on the BSE amid growing scrutiny from regulators and intensifying passenger…
