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Financial Express Pune

Low-cost deposit pressure may ease by Q3

Canara Bank is fine-tuning its gold loan portfolio in line with regulatory guidance, based on ongoing discussions, said MD and CEO K. Satyanarayana Raju in a conversation with Narayanan V.

3 min  |

May 10, 2025

Financial Express Pune

Vanguard slashes Ola's valuation to $1.25 billion

US-BASED ASSET management company Vanguard has marked down Ola's valuation to $1.25 billion, according to an SEC filing.

1 min  |

May 10, 2025

Financial Express Pune

Panasonic to lay off 10,000 employees

PANASONIC HOLDINGS IS slashing headcount by 10,000, or more than 4%, part of a push to cull non-growth operations and boost profitability.

1 min  |

May 10, 2025

Financial Express Pune

Rupee rises 22 paise to 85.36 against US dollar

THE RUPEE PARED its initial losses and settled for the day higher by 22 paise at 85.36 against the US dollar on Friday, as likely intervention by the Reserve Bank of India helped contain excess depreciation of the rupee.

1 min  |

May 10, 2025

Financial Express Pune

The Great Productivity Boom Is Taking a Break

THE GREAT PRODUCTIVITY boom of the 2020s isn't over, but it's having an interlude.

3 min  |

May 10, 2025

Financial Express Pune

Nvidia Modifies H20 Chip for China

NVIDIA PLANS TO release a downgraded version of its H20 artificial intelligence chip for China in the next two months, following U.S. export restrictions on the original model, three sources familiar with the matter told Reuters.

1 min  |

May 10, 2025

Financial Express Pune

Govt warns traders of hoarding food items

AMID ESCALATING TENSIONS between New Delhi and Islamabad, the Indian military establishment has actively begun large-scale mobilisation of additional forces to the border, including its reserve Territorial Army, to ensure full strength in the event of a contingency.

1 min  |

May 10, 2025

Financial Express Pune

Trump says 80% China tariff 'seems right', ahead of talks

US PRESIDENT DONALD Trump floated an 80% tariff on China ahead of negotiations due to begin Saturday as he urged Beijing to do more to open their markets to US goods.

1 min  |

May 10, 2025

Financial Express Pune

India Offers to Cut Tariff Gap to Seal US Trade Deal

IT LOWERS AVERAGE British tariffs on US goods but keeps in place the 10% base tariff imposed by Washington on British goods, likely setting a template for Washington's approach with other trading partners.

1 min  |

May 10, 2025

Financial Express Pune

SAS to expand R&D in India

Strategic Move

2 min  |

May 10, 2025

Financial Express Pune

Financial sector rushes to fortify cyber defence amid escalation

SPRINGING INTO ACTION

2 min  |

May 10, 2025

Financial Express Pune

Tata Motors' JLR Set to Gain From US-UK Pact

Trade Boost

1 min  |

May 10, 2025

Financial Express Pune

Europe, Japan, China, South Korea gain at the expense of US, UK, Australia and Canada

THE RESTRICTIVE VISA policies introduced by the \"big four\" study-abroad destinations — the US, the UK, Canada and Australia — over the past 18 months have resulted in these countries ceding ground to \"non-traditional\" destinations, with more and more students from India and other countries looking deeper into Europe and Asia.

1 min  |

May 10, 2025

Financial Express Pune

IRB Infra posts 10% rise in toll revenue in Apr

IRB INFRASTRUCTURE HAS posted a 10% rise in its toll revenue to ₹554 crore in April compared to ₹503 crore in the same month last year.

1 min  |

May 10, 2025

Financial Express Pune

Blasts in J&K, parts of Punjab

IN PATHANKOT, FEROZEPUR, locals claimed that they heard sound of explosions while similar reports also came in from Gurdaspur and Tarn Taran's Patti area although there was no official confirmation about what caused the sound.

1 min  |

May 10, 2025

Financial Express Pune

FPIs buy financials, telecom, FMCG in April

FOREIGN PORTFOLIO INVESTORS (FPIs) picked financial services, telecom, and FMCG as their top sectoral bets in April, while offloading shares in IT, metals & mining, and automobiles, according to data from NSDL.

1 min  |

May 09, 2025

Financial Express Pune

Bill Gates pledges to give away $200 billion by 2045

BILL GATES PLEDGED on Thursday to give away almost his entire personal wealth in the next two decades and said the world's poorest would receive some $200 billion via his foundation at a time when governments worldwide are slashing international aid.

1 min  |

May 09, 2025

Financial Express Pune

IPL Match Called Off Amid Blackout in Dharamsala

The IPL match between Punjab Kings and Delhi Capitals here on Thursday was cancelled midway following air raid alerts in neighbouring cities of Jammu and Pathankot, putting the entire league at risk of being called off due to India's ongoing military conflict with Pakistan.

1 min  |

May 09, 2025

Financial Express Pune

Bezos space ambitions at risk with Musk's man at NASA

Crash Landing

1 min  |

May 09, 2025

Financial Express Pune

Tesla's India Head Quits as Carmaker Gears Up for Local Entry

TESLA INDIA COUNTRY head, Prashanth Menon, has resigned just as the carmaker firms up plans to enter the country with its first retail outlets in Mumbai and Delhi, people familiar with the matter stated.

1 min  |

May 09, 2025

Financial Express Pune

IPO impasse: NSE denies seeking govt intervention

The National Stock Exchange (NSE) has urged the finance ministry to intervene in the years-long standoff with the Securities and Exchange Board of India (Sebi) over its planned initial public offering (IPO), three sources with direct knowledge of the matter said, but the exchange has denied seeking the government intervention.

1 min  |

May 09, 2025

Financial Express Pune

RBI Eases Norms for FPI Investments in Corp Debt Securities

Rating agency Crisil on Thursday placed long-term debt instruments of IndusInd Bank on 'rating watch with negative implications', due to recent resignations of two top executives and concerns over its microfinance portfolio.

1 min  |

May 09, 2025

Financial Express Pune

Russia violating its own ceasefire, says Ukraine

UKRAINE'S FOREIGN MINISTER said on Thursday Russia had repeatedly violated its own 3-day ceasefire hours after it began and called the initiative a \"farce,\" while Moscow said Kyiv had continued fighting.

1 min  |

May 09, 2025

Financial Express Pune

L&T profit rises 25%, exceeds estimates

Larsen & Toubro (L&T) on Thursday reported a net profit of ₹5,497 crore in Q4FY25, an increase of 25% year-on-year.

1 min  |

May 09, 2025

Financial Express Pune

Grain production target set 4% higher at 354 MT

Agri GVA growth may be strong for second year in a row

2 min  |

May 09, 2025

Financial Express Pune

Oyo Most Profitable Startup in FY25: CEO

GLOBAL TRAVEL TECH platform OYO has become the most profitable Indian startup with a profit after tax of ₹623 crore in FY25, founder and CEO Ritesh Agarwal told employees in a townhall on Thursday, sources said.

1 min  |

May 09, 2025

Financial Express Pune

We will surpass credit growth target for current fiscal

Punjab National Bank is aiming at bringing down gross non-performing assets (GNPA) to below 3%, a milestone it has not achieved in years, says MD & CEO Ashok Chandra.

3 min  |

May 09, 2025

Financial Express Pune

BP-Shell Megadeal Will Create European Rival to Exxon Mobil

If Shell were to acquire BP, it would be among the largest deals in European history, creating for the first time a European oil major that could challenge industry leaders Exxon Mobil and Chevron.

1 min  |

May 09, 2025

Financial Express Pune

Asian Paints profit falls 45%

ASIAN PAINTS, THE country's largest paints maker, posted a 45% year-on-year drop in profit in the fourth quarter, while margins remained under stress due to inflationary pressures and higher ad spends.

1 min  |

May 09, 2025

Financial Express Pune

Telecom tariff hikes likely in second half of this fiscal

TELECOM OPERATORS MAY consider another round of tariff hikes in the second half of the current fiscal year, as subscriber additions stabilise and the impact of the July 2024 hikes begins to wear off, according to analysts.

1 min  |

May 09, 2025
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