Indian banking profits soared to a record high in FY25, driven by public sector lenders’ strong performance. PSBs witnessed a 26% profit surge, narrowing the gap with private banks’ 7% growth. Improved asset quality, aided by regulatory measures and bankruptcy…
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Elon Musk is departing from his advisory role to President Trump, citing disappointment with the president’s legislative agenda, which he views as a massive spending bill. Musk’s departure follows his criticism of the bill’s impact on the federal deficit and…
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BP Plc’s Castrol lubricant business is drawing significant interest from a range of potential buyers, including Reliance Industries, Apollo Global Management, Lone Star Funds, Brookfield Asset Management, and Stonepeak Partners. Saudi Aramco is also considering a bid for the unit,…
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Sebi has barred former IndusInd Bank CEO Sumant Kathpalia and four other senior officials from accessing securities markets due to alleged insider trading. They are accused of trading on unpublished price-sensitive information related to discrepancies in the bank’s derivative portfolio.…
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ITC shares plunged over 3% after British American Tobacco (BAT) divested a 2.5% stake in the company for Rs 12,927 crore. The stock settled at Rs 420.10 on the BSE, with the company’s market valuation declining by Rs 17,269.48 crore.…
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The secretary said MSMEs need to be more proactive in sharing their problems and asked the industry to demand new standards as well as participate in formulation of these quality norms.
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