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The middle-income trap is a clear potential for India: Kenneth Kletzer
India’s ambition to become a developed nation by 2047 may not be realistic but the country would have a higher per capita GDP by then,…
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IMA President Asokan meets junior doctors on hunger strike in Kolkata
Indian Medical Association (IMA) National President R.V. Asokan. Representative image. (Photo: PTI) 3 min read Last Updated : Oct 11 2024…
Business
Global sugar market will flip into deficit this season: Sucden
THE global sugar market is will flip into a deficit of nearly two million tonnes this season as the upcoming crop in top grower Brazil has…
Business
Demand drivers likely to keep Cummins India on robust growth trajectory
4 min read Last Updated : Oct 11 2024 | 9:24 PM IST The domestic capex cycle is expected to have accelerated in Q2FY25, and demand in the…
Business
Facing skepticism, Elon Musk unveils prototype for driverless robotaxi
Tesla Chief Executive Elon Musk presented a lofty vision for the future Thursday night, unveiling prototypes of a self-driving taxi and…
Business
Amicus Capital invests Rs 125 cr in Equirus; Federal Bank partially exits
2 min read Last Updated : Oct 11 2024 | 8:25 PM IST Private equity firm Amicus Capital on Friday announced that it has invested Rs 125…
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Business
Elon Musk Reveals Tesla's Futuristic Driverless Robovan and AI Innovations at Dazzling "We, Robot" Event [Watch Video]
Tesla's CEO Elon Musk has made waves once again by introducing the highly anticipated "Robovan" at the "We, Robot" event held at the…
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Mandhana promoter diverted loans for personal benefit: ED charge sheet
The agency had arrested both Purushottam and Priyavrat in the case. While Purushottam is now out on bail, Priyavrat is in judicial…
Business
BlackRock's AUM hit record $11.5 trillion on market rally, ETF boost
3 min read Last Updated : Oct 11 2024 | 5:37 PM IST BlackRock's assets under management hit a record high for the third straight quarter…
Business
CapitaLand Ascendas Reit to divest industrial asset in Singapore at S$45.3 million premium
CAPITALAND Ascendas Reit (Clar) is divesting an industrial property at 21 Jalan Buroh in Singapore for S$112.8 million. This is nearly…
Business
Wells Fargo’s profit falls on lower interest income
WELLS Fargo’s profit fell in the third quarter as the bank’s interest income was squeezed by subdued loan demand and higher payments to…
Business
Sudarshan Chemical to buy global pigment biz of Heubach for Rs 1,180 cr
The acquisition is for a cash consideration of Euro 127.5 million (about Rs 1,180 crore), it added. ( Source: File Photo) 2 min read Last…
Business
JPMorgan profit drops as it sets aside bigger provisions, but interest income climbs
JPMORGAN Chase’s third-quarter profit dropped as it set aside more money to cover potential loan defaults, while rising interest payments…
Business
BlackRock hits US$11.5 trillion of assets as private markets grow
BLACKROCK pulled in US$160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money…
Business
UOB launches career transition initiative, to reskill up to 500 employees
FROM the fourth quarter of 2024, up to 500 UOB employees in operations and administrative roles will be selected over the next two years…
Business
Surging US repo activity likely exacerbating funding pressure
A SHARP steady rise in overnight repurchase agreements is overwhelming banks that serve as middlemen for such short-term borrowings in US…
Business
Bain sought US$10 billion valuation for Japan's Kioxia, investors only wanted to pay half
Investors pushed Bain Capital to almost halve the valuation it was seeking for Japan’s Kioxia in an IPO, leading the US buyout firm to…
Business
JSW Infrastructure share price: JSW Infrastructure surges 4% on allotting commercial paper of Rs 1,000 cr
2 min read Last Updated : Oct 11 2024 | 1:25 PM IST JSW Infrastructure share price: Shares of maritime-related services provider JSW…
News
Hurricane Milton Wreaks Havoc: At Least 11 Dead as Storm Triggers 27 Tornadoes Leaving 3 Million Without Power
Hurricane Milton has triggered at least 27 tornadoes to tear through the state, resulting in at least 11 deaths and leaving millions…
Business
Japan to suspend Nomura from bond group after manipulation
JAPAN’S Ministry of Finance plans to temporarily exclude Nomura Holdings from taking part in government debt auctions after the firm…
Business
Ugro Capital stock price jumps 8% on strong Q2 update; more details here
Illustration: Binay Sinha 3 min read Last Updated : Oct 11 2024 | 11:34 AM IST Share price of Ugro Capital soared up to 7.92 per cent at…
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Quds Force Commander Qaani Hospitalized After Heart Attack Amid Shocking Espionage Accusations
Esmail Qaani, commander of Iran's elite Quds Force, is reportedly under investigation for suspicions that a high-ranking official in his…
Business
Asia: Markets mixed after Wall Street drop, Shanghai dips before briefing
MOST Asian markets were mixed on Friday (Oct 11) as investors digested disappointing US inflation data that further dampened expectations…
Business
Vodafone Idea gets share upgrade from JP Morgan; check target price, rating
5 min read Last Updated : Oct 11 2024 | 9:12 AM IST Vodafone Idea share upgrade, JP Morgan: Global brokerage firm JP Morgan has upgraded…