Next week marks the start of a busy earnings calendar. (AI image) Wall Street today: US stocks and oil prices were largely flat on Friday, heading toward a subdued end to the week after the sharp swings seen earlier as investors assessed the potential impact of the Iran conflict on global crude supplies.The S&P 500…
MUMBAI: Auto financiers are pushing for innovation in lending, with a shift towards embedded finance and partnerships instead of generic EMI products, even as global markets adopt integrated digital credit at the point of sale.Speaking at the Federation of Automobile Dealers Association (FADA) 5th Finance and Insurance Summit 2026 in Mumbai Rajan Pental, executive director…
MUMBAI: Bank of Maharashtra reported a net profit of Rs 2,023 crore in Q1FY27, up 27% from Rs 1,594 crore in the corresponding quarter a year earlier, driven by higher net interest income and non-interest income as loan growth lifted interest earnings while other income streams strengthened. The increase in net profit was driven by…
MUMBAI: India’s foreign exchange reserves rose by $7.3 billion to $674.2 billion in the week ended July 3, driven largely by an increase in foreign currency assets and a rise in the value of gold holdings. The gain reflects both valuation effects and accretion in underlying assets, with the two dominant components of reserves accounting…
India’s imports of Russian crude reached a record high in June. (file PTI photo of Russian oil tanker) Russia is one of the few countries in the world that stands out for being one of the biggest exporters of crude oil and also among the largest refiners. But, four years after Moscow’s war with Ukraine…
Indian Railways has cleared the introduction of a 10-coach Hydrogen Fuel Cell-based trainset. India’s first hydrogen train has been notified by Indian Railways. The new hydrogen-powered train is expected to be flagged off by PM Narendra Modi on July 17. He will also unveil a series of other infrastructure projects across Haryana, state minister Krishan…
BENGALURU: Fundamentum Partnership, the growth-stage investment firm co-founded by Infosys co-founder Nandan Nilekani and veteran entrepreneur-investor Sanjeev Aggarwal, has launched its third fund with a target corpus of Rs 2,200 crore, including a Rs 400 crore greenshoe option.Nilekani will anchor the fund as a limited partner (LP). Fundamentum said this marks his largest commitment to…
A growing number of leaders from India-based global capability centres (GCCs) are making their way into the Fortune 500 C-suite, underscoring the rising strategic importance of these centres and the influence of their leadership.Recent examples include Kalyani Sekar, senior vice-president and chief data and AI officer at Verizon; Hari Vasudev, executive vice-president and CTO of…
The report argues that the US has increasingly adopted a negotiation strategy built around uncertainty (Representative image) India should avoid making early concessions in its ongoing trade negotiations with the United States and instead remain patient as Washington’s bargaining position evolves, according to the latest SBI Ecowrap report.The report argues that the US administration has…
The latest capacity expansion also comes at a time when additions to global refining capacity remain limited. (AI image) India’s petroleum product exports could increase by around 25% from the FY25 level of $44.4 billion. India is one of the world’s leading exporters of refined petroleum products. The increase is expected to come over the…
