CBI registers FIR against Anil Ambani, Reliance Communications in Rs 1,085 crore bank fraud case
The FIR was registered based on a complaint filed by Punjab National Bank Chief Manager, Santoshkrishna Annavarpu.
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FPIs shift from IT to financials, capex sectors amid rising AI fears
Foreign investors are shifting their money in India. They are selling IT stocks and buying into financial services. Capital goods, automobiles, and construction sectors are also seeing increased investment. This rotation is driven by concerns over AI’s impact on IT…
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War and travel insurance in times of Iran-Israel conflict: What is covered and what is excluded
Thousands of Indians in the UAE are stranded due to regional conflict and disrupted air travel. While airlines offer rescheduling, travel insurance typically excludes war-related losses, leaving travellers to cover extended stays and evacuations. Insurers are exploring policy adjustments for…
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Under scrutiny in India, Chinese smartphone brands tap parents to keep going
Chinese electronics firms in India are leaning on their parent companies for financial aid. This support helps them navigate legal hurdles and regulatory issues. Companies like Vivo and Xiaomi are receiving backing through various financial instruments. This trend highlights the…
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Dow suffers worst week in nearly a year as oil spikes 12% and weak jobs data adds to anxiety
Wall Street’s major indexes fell on Friday as weak US jobs data and a sharp rise in oil prices heightened concerns about the economic outlook. The Dow Jones dropped 0.95%, the S&P 500 fell 1.33%, and the Nasdaq declined 1.59%,…
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Traders warn $100 oil is imminent if Iran war keeps raging
A week after a major disruption to global energy markets, oil prices remain below past crisis peaks but are rising fast as the conflict in the Gulf halts ship traffic through the Strait of Hormuz. Brent crude has crossed $90…
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