Binance sets aside $6.34 billion to cover crypto hack losses After facing a major crypto theft, Binance has assured users that they won’t lose money over the breach.The exchange is covering the $6.3 billion loss from its own funds, setting aside more than $6.34 billion to make up for the stolen assets. It has already…
NSE Nifty50 suffers worst year in a decade NEW DELHI: October wasn’t particularly kind to Dalal Street, but November could give Indian equities a chance to bounce back.NSE Nifty50’s slide into oversold territory has raised hopes of a recovery, though the bulls may still have some hurdles to cross.Elevated crude oil prices and global investors’…
US midterms may raise shutdown, keep tariff uncertainty high The US is preparing for its November 3 midterm elections, but the results will be closely watched in India too, particularly for their possible impact on trade ties and business conditions.The outcome could bring fresh uncertainty around US trade policies, with tariffs, government spending and the…
Indian Oil posts record Rs 22,503 crore Q2 profit, 2.7 times higher year-on-year, as lower crude prices and strong petrochemical and gas margins boost earnings NEW DELHI: State-run Indian Oil Corporation (IOC) reported record profit of Rs 22,503 crore during the Sept quarter – a 2.7-fold jump over a year ago – driven largely by…
Reliance Industries reports 34% jump in Q2 profit to Rs 29,550 crore, beating estimates, on strong O2C and Jio performance; revenue rises 29% MUMBAI: Reliance Industries, India’s most valuable company by market capitalisation, reported a 34% rise in second-quarter profit for FY27 to Rs 29,550 crore on Friday, beating analysts’ average estimate of Rs 21,419…
Centre sets up Suresh N Patel-led panel to recommend comprehensive banking reforms within six months NEW DELHI: Govt Friday set up a high-level committee under former central vigilance commissioner Suresh N. Patel to undertake comprehensive banking reforms, delivering on an announcement made by finance minister Nirmala Sitharaman in Union budget 2026-27.The five-member panel, which includes…
Trai proposes AI rules for telecom firms, including board-approved policies, safety committees and mandatory reporting of serious AI-related incidents NEW DELHI: Trai on Friday proposed a comprehensive draft framework for the responsible use of artificial intelligence in telecom networks that would require service providers to adopt board-approved AI policies, establish dedicated governance and safety committees,…
LNG imports hit a record 2.7 million tonnes in October, rising 17.4% on higher demand and a rebound in supplies from Qatar. NEW DELHI: India’s LNG imports rose 17.4% to a record 2.7 million tonnes so far in Oct on the back of higher demand from the power, fertiliser and city gas distribution sectors. Besides,…
Nasdaq bleeds: Faces $2 trillion wipeout in October More than $2 trillion in market value is set to be wiped from the tech-heavy Nasdaq 100 this month, as Big Tech earnings intensified investor scrutiny of whether the billions being poured into artificial intelligence can generate returns quickly enough.The wipeout would amount to slightly more than SpaceX’s…
Banks add Rs 16.1 lakh crore in non-food credit in H1 FY27, with NBFCs, industry and personal loans driving growth; lending to NBFCs rises by Rs 1.8 lakh crore MUMBAI: Banks lent more to NBFCs than to home buyers in the first half of FY27, with advances to non-bank lenders rising by Rs 1.8 lakh…
