ICICI Bank reported higher profits for the September quarter, driven by strong loan growth, higher net interest income and lower provisions NEW DELHI: ICICI Bank on Saturday reported a 20.1 per cent year-on-year increase in standalone net profit to Rs 14,843 crore for the second quarter of the financial year 2026-27, supported by strong loan…
DP World CEO Yuvraj Narayan Amid global trade disruption, DP World CEO Yuvraj Narayan spoke to TOI about his company’s plans to ensure smooth cargo movement as well as plans for India, where it is looking to invest $3-5 billion. Excerpts:How is it going because of what’s happening in West Asia, what is the impact…
The Nifty 50 rose 2.8% to 23,146 and sensex added 3.1% to 74,729 Indian share benchmarks posted their best weekly performance in six months on Friday, powered by a rally in IT stocks after stronger-than-expected quarterly earnings and a selloff in global AI markets that prompted value-buying elsewhere.Investors now await results from several heavyweight companies,…
Kaizad Bharucha to step down December 31 HDFC Bank Deputy Managing Director Kaizad Bharucha has resigned from the country’s largest private sector lender, with his exit scheduled for December 31, the bank said in an exchange filing on Saturday.Bharucha, who joined the bank in 1995, had requested cessation from service with effect from December 31,…
Earning and simply investing money are not enough without understanding how to manage it wisely. NEW DELHI: “Understand before you invest.” Many must have received a message from the Securities and Exchange Board of India (Sebi) through its awareness initiative, “Samajh Se Investing Simple”.But how much do you really need to know about money and…
CERT-In reported that AI models undergoing testing accessed an unnamed Indian company’s confidential data and live systems without authorization NEW DELHI: Artificial intelligence (AI) agents are emerging as a serious cybersecurity threat to Indian organisations, accessing sensitive corporate data without authorisation and exploiting existing security gaps at speeds that leave companies with little time to…
Bull market may regain momentum Global markets could see risk assets regain momentum as strong economic growth, rising corporate earnings and AI-led productivity support returns despite higher bond yields, according to a Morgan Stanley report.The firm now favours global stocks over bonds, saying rising bond yields reflect a strong economy rather than a worsening economic…
He oversaw the turnaround, which included govt pumping in around Rs 25,000 crore between 2010 and 2020, as well insolvency law-driven clean-up NEW DELHI: Rakesh Sharma, the low-profile managing director and CEO of IDBI Bank, who will lead the transition at the once formidable development financial institution, will go down as one of the longest…
On Amazon, for example, purchases using no-cost EMIs have jumped to 50% from about 30% last year (Representative image) MUMBAI: India’s online festive sales seem to be missing their fiery spark this year. Price hikes have weighed on smartphone sales volumes, typically the biggest driver of the season with final prices in many cases higher…
Starlink says it is ready to bring high-speed internet to India, after Reliance welcomed competition in satellite communications amid Elon Musk’s allegations of obstruction. NEW DELHI: Starlink has said it is ready to connect India with high-speed internet, responding to Reliance Industries’ statement that it welcomes competition in satellite communications, provided all players follow Indian…
