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Financial Express Kolkata

Fed split hardens following Powell’s December warning

FEDERAL RESERVE CHAIR Jerome Powell’s blunt warning that investors need to rein in expectations for a December interest-rate cut underscored a growing tug-of-war among US policymakers who are opposed in their outlooks for jobs and inflation.

1 min  |

October 31, 2025

Financial Express Kolkata

China's AI push has scale. But substance?

WHEN IT COMES to the sheer number of generative artificial intelligence users in China, the question shouldn’t be how many there are, but how they’re using it.Anew report from the China Internet Network Information Center indicates the nation had some 515 million users as of June, up by 266 million since December, according toa readout from Xinhua.Ata first glance, the figure suggests that Beijing’s push to spread the technology throughout industries to boost productivity — the so-called Al Plusinitiative — is bearing fruit.

2 min  |

October 31, 2025

Financial Express Kolkata

United Spirits profit up 36% as Andhra re-entry boosts sales

UNITED SPIRITS, THE country’s largest liquor maker, on Thursday reported a 36.1% year-on-year rise in consolidated net profit for the second quarter of FY26 to 464 crore, beating Street estimates by a wide margin. Bloomberg consensus estimates had forecast net profit at $373 crore.

1 min  |

October 31, 2025

Financial Express Kolkata

US ends automatic work permit extension

VISA OVERHAUL ■ The rule takes effect immediately, requiring full re-screening for renewals ■ It follows Trump administration's $100,000 H-1B visa fee hike

1 min  |

October 31, 2025

Financial Express Kolkata

Jio users to get Gemini Pro free...

THE PLAN INCLUDES access to the Gemini 2.5 Pro model through the Gemini app, advanced image and video generation tools Nano Banana and Veo 3.1, expanded use of Notebook LM for research and study and 2 TB of cloud storage.

1 min  |

October 31, 2025

Financial Express Kolkata

BSNL achieves 93% of Q2 revenue target, says Scindia

STATE-RUN TELECOM operator Bharat Sanchar Nigam Limited (BSNL) achieved 93% of its second-quarter revenue target for FY2025-26, generating Rs 5,347 crore, Union Minister for Communications Jyotiraditya Scindia said on Thursday.

1 min  |

October 31, 2025

Financial Express Kolkata

Tech in the spotlight but Trump tariffs loom large

THEJAPAN MOBILITY Showis highlighting more than just cars or the types of fuel they use from electric to hydrogen, but also various kinds of futuristictransport.Think scuttling robotic chairs, like the Uni-One from Honda. The Tokyo-based maker of the Accord sedan says it is all about personal mobility as a mode for quick transport by 2035. Just sit on the boxlike machine as it zips around quietly.

1 min  |

October 31, 2025

Financial Express Kolkata

Is protecting ‘competitors’ over ‘competition’ creating regulatory uncertainty?

THE RECENT BOMBAY High Court judgement of 11 September 2025 against Asian Paints, upheld by the Supreme Court on October 13 2025, has attracted media attention. These verdicts have created a perception of regulatory uncertainty in corporate boardrooms, whether “competitors” are being protected at the cost of “competition” due to the High Court’s rejection of res judicata, a concept recently introduced by the Competition Amendment Act, 2023. Such perception can hinder our economy’s growth, warranting further debate.

2 min  |

October 31, 2025

Financial Express Kolkata

Meta seeks $25 bn from bond sale

META PLATFORMS AIMS to sell at least $25 billion of investment-grade bonds on Thursday, a day after Chief Executive Officer Mark Zuckerberg warned the company would spend even more aggressively on artificial intelligence in the coming year.

1 min  |

October 31, 2025

Financial Express Kolkata

OpenAI may target $1-trn IPO valuation

OPENAI IS LAYING the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time.

1 min  |

October 31, 2025

Financial Express Kolkata

Bank credit grows 11.45%, show RBI data

LOANS EXTENDED BY banks grew 11.45%year-on-year (YoY) as on October 17, continuing to outpace the growth in deposits, the Reserve Bank of India data released on Thursday showed.

1 min  |

October 31, 2025

Financial Express Kolkata

Canara Bank profit climbs 19%

REPORT CARD

1 min  |

October 31, 2025

Financial Express Kolkata

Union Bank sees 10% fall in profit

PUBLIC SECTOR LENDER Union Bank of India reported a 10% year-on-year (YoY) decline in net profit to ₹4,249 crore for the second quarter of FY26, compared to ₹4,719.7 crore in the corresponding quarter last year.

1 min  |

October 31, 2025

Financial Express Kolkata

RBI rejects SBI Cap plan to raise stake in Investec unit

THE RESERVE BANK of India has turned down a proposal by State Bank of India (SBI) to increase its stake in an institutional equities joint venture with a local unit of Investec, sources said.

1 min  |

October 31, 2025

Financial Express Kolkata

Lenskart anchor book gets 20 times response

THE ANCHOR BOOK of Lenskart Solutions has received bids worth %68,000 crore, nearly 10 times the issue size and 20 times the anchor book size, according to sources.

1 min  |

October 31, 2025

Financial Express Kolkata

CAG urges states to build Odisha-like budget buffers

'STABLISATION FUND WILL COME IN HANDY IN HARD TIMES'

2 min  |

October 31, 2025

Financial Express Kolkata

Sebi allows Nifty Bank rejig by March

QSBs get more time to implement optional T+0 settlement cycle

1 min  |

October 31, 2025

Financial Express Kolkata

Surya Kant named Chief Justice of India

JUSTICE SURYA KANT was on Thursday appointed as the 53rd Chief Justice of India and he will assume charge on November 24. The Department of Justice in the Union Law Ministry issued a notification announcing his appointment.

1 min  |

October 31, 2025

Financial Express Kolkata

'GDP growth to average 6.7% during 2025-2040'

INDIA'S ECONOMY IS expected to grow by an average rate of 6.7% from 2025 to 2040, outpacing China’s 3% average real GDP expansion in the same period, Singapore-based DBS Bank said in a report on Thursday.

1 min  |

October 31, 2025

Financial Express Kolkata

OIL Swabalamban: Empowering Youths, Shaping Futures

\"When a nation invests in the skills of its youth, it invests in the strength of its own future.\" Guided by this belief, Oil India Limited (OIL) has, for decades, invested deeply in the development of communities across its operational areas. Among its flagship Corporate Social Responsibility (CSR) initiatives, one project stands out as a shining example of sustained impact and human transformation- Project 'OIL Swabalamban'.

6 min  |

October 31, 2025

Financial Express Kolkata

FPIs flash renewed India comeback signal

BLOOMBERG DATASHOW that in January this year, the open interest of short contracts hit 445,114—the highest since September 2015.

1 min  |

October 31, 2025

Financial Express Kolkata

BYD profit slumps again

BYD REPORTED ANOTHER slump in quarterly profit as intensifying domestic competition and growing industry scrutiny pile pressure on the Chinese carmaker’s sales outlook.

1 min  |

October 31, 2025

Financial Express Kolkata

Cobrapost claims ₹41,900-cr fund diversion at Anil Ambani group

INVESTIGATIVE PORTAL COBRAPOST on Thursday alleged Anil Ambani’s Reliance Group had committed a massive financial fraud exceeding ₹41,921 crore through diversion of funds from group companies since 2006 — a charge the group denied as a malicious campaign aimed at crashing stock prices.

2 min  |

October 31, 2025

Financial Express Kolkata

Coal India's Q2 profit dips 32% to ₹4,263 cr

STATE-OWNED CIL on Wednesday said its consolidated profit declined 32% to %4,262.64 crore in the September quarter on the back of lower sales and _ higher expenses.

1 min  |

October 30, 2025

Financial Express Kolkata

Sebi's fee reset proposals hit AMC, brokerage stocks

UNDER STRESS

2 min  |

October 30, 2025

Financial Express Kolkata

Nifty futures rollover declines to 76% in Oct

THE ROLLOVER PERCENTAGE in Nifty futures October series fell to 76% from an average 81% for the past three series, a report by Nuvama Alternative & Quantitative Research said on Wednesday. It was 82.6% in September, while the six-month average stoodat 79.4%.

1 min  |

October 30, 2025

Financial Express Kolkata

Mistry's exit puts spotlight on October 2024 resolution

Legal experts divided on whether the resolution grants tenure for life to all trustees or only those unanimously reappointed

2 min  |

October 30, 2025

Financial Express Kolkata

Shiprocket revenue rises 24% in FY25

LOGISTICS TECH UNICORN Shiprocket’s profitability improved sharply in the financial year ended March 2025, with the company posting positive adjusted Ebitda of ₹7 crore, compared to a burn of ₹128 crore in the preceding fiscal.

1 min  |

October 30, 2025

Financial Express Kolkata

Toyota unveils Century ultra-luxury marque

TOYOTA MOTOR CORPORATION (TMC) on Wednesday officially spun off its iconic Century marque into a standalone ultra-luxury brand, marking its formal entry into the top tier of the global luxury car market currently dominated by Rolls-Royce and Bentley.

1 min  |

October 30, 2025

Financial Express Kolkata

SC AGR order limits relief for Vi at ₹9.4K cr

THE SUPREME COURT'S Monday order offers Vodafone Idea only a limited breather in the AGR matter.

1 min  |

October 30, 2025
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