వ్యాపారం
19846 వార్తలు
Rajesh Exports repays ₹510 crore dues to Canara Bank after DRT order
Canara Bank recovered all dues totaling ₹510 crore from Rajesh Exports. This recovery followed an order by a debt recovery tribunal. The bank initiated this action after the company blocked other recovery attempts. Rajesh Exports faced allegations of financial misrepresentation from SEBI. The bank was the largest creditor for the gold and jewellery exporter.
US stocks today: US stocks close lower as oil prices jump, indexes notch monthly gains
US stocks declined on Monday as oil prices surged. This jump revived inflation concerns and increased monetary policy tightening expectations. Investors processed hawkish comments from Federal Reserve Chair Kevin Warsh. Despite the day's losses, major indexes posted monthly gains for August. Financial markets anticipate a potential rate hike at September's meeting.
US SEC chairman moves to give states power over shareholder resolutions
The U.S. Securities and Exchange Commission is considering rule changes for shareholder proposals. This shift could reduce investor activist influence and grant new powers to states. Regulations on shareholder proposals may become non-uniform across different states. Investors might face higher share ownership requirements to file resolutions. This change could lead to more votes against corporate board members.
HDFC's search for a new CEO may go beyond its inner circle
HDFC Bank's board faces a difficult CEO succession task with a thin internal leadership pipeline. Regulatory tenure limits may push the bank towards a wider external executive search. Analysts suggest candidates from other banks and NBFCs could be considered. Jagdishan's exit offers an opportunity for a strategic reset and narrative change. The bank's strong franchise and financial profile should mitigate transition risks.
New trade rules raise compliance worries for banks over cross-border payments
As of October first, banks will bear the new burden of overseeing cross-border payment transactions. They are required to confirm the validity of service contracts and foreign entities involved. Furthermore, banks will also be tasked with tracking export revenues and handling overdue export bills, creating a challenging landscape in service imports and exports aimed at curbing money laundering and suspicious trading practices.
Grand Canyon Under Storm Threat After Deadly Weekend Floods
Another round of heavy rain is threatening to complicate search-and-rescue efforts in the Grand Canyon, where two people died and more than a dozen are still missing after catastrophic floods swept through popular hiking areas Saturday.
JP Morgan traders back down bullishness on US stocks after Fed chair Warsh's Jackson Hole speech
JPMorgan Chase traders are now tactically cautious on US stocks for upcoming weeks. This shift follows Federal Reserve Chairman Kevin Warsh's hawkish comments on interest rates. Traders cite uncertainty over rate outlook and potential AI stock unwinding as key risks. Despite near-term caution, the broader market backdrop is expected to remain supportive. Economic data and corporate earnings will influence market direction in the coming period.
US 10-year Treasury yield tops 19-month high as oil prices fuel rate-hike bets
US Treasury yields rose significantly, with the 10-year rate exceeding 4.75 percent. Rising oil prices and persistent inflation fueled expectations of a Federal Reserve rate increase. Short-term yields surged after Fed Chairman Kevin Warsh signaled potential action to control inflation. Investors are now closely watching employment and consumer price data for policy clues. Upcoming corporate bond supply also adds pressure to longer-term Treasury yields.
‘Drunk’ pilot steals plane, flies into no-fly zone before crash-landing in sunflower field
The aircraft made an emergency landing in a sunflower field around four miles from the nuclear facility. The plane suffered extensive damage, but the pilot was able to escape without sustaining injuries.
Quote of the Day by Optimus Prime: 'There's a thin line between being a hero, and being a memory'
Optimus Prime’s words in Transformers capture the fleeting nature of heroism, taking on added poignancy through Peter Cullen’s legacy as the voice behind the iconic Autobot leader and Eeyore.
Longer-dated US Treasury yields climb as Iran and US restart military attacks
Treasury yields increased as U.S. and Iran hostilities escalated. Crude oil prices surged, fueling inflation worries and complicating Fed outlook. Investors now anticipate a potential September interest rate hike by the Federal Reserve. Federal Reserve Chair Kevin Warsh's comments also influenced market expectations. The bond market reacted to these signals, reflecting economic uncertainty.
ITC Infotech to merge with Happiest Minds, buy 22% promoter stake for Rs 1,330 crore
ITC Infotech will merge with Happiest Minds Technologies creating a significant IT services entity. This merger aims to establish an AI-first enterprise with a substantial turnover by FY28. ITC Infotech is acquiring a significant stake from Happiest Minds promoters as a precursor. The combined entity will become India's eleventh largest listed IT services player by revenue. Upon completion, the merged company is proposed to be listed on Indian stock exchanges.
Sebi bars Tarapur Transformers, promoters from markets for 5 years in fund diversion case
Sebi barred nine entities, including Tarapur Transformers and its promoters, from securities markets for up to five years. The regulator found fund diversion through interest-free loans and fictitious transactions in company books. Rajendra Kumar Choudhary, a promoter, received a five-year ban and a Rs 30 lakh fine. Other entities faced three-year market bans for their involvement in these fraudulent activities.
John Galliano withdraws from Met Gala 2027 after backlash over past racist, antisemitic remarks: ‘I’m deeply sorry'
John Galliano has withdrawn from the Met’s planned exhibition celebrating his career after criticism over his past racist and anti semitic remarks, saying he did not want the controversy to overshadow the museum’s work.
Blackstone’s Knowledge Realty Trust OFS subscribed 1.4 times on Day 1
Blackstone's offer for Knowledge Realty Trust units saw strong demand from non-retail investors. The offer for sale is valued at Rs 11,988 crore, the largest in India's private sector. Knowledge Realty Trust, backed by Blackstone and Sattva Group, debuted in August 2025. The REIT focuses on commercial real estate with 29 assets across six cities. India's REIT market has expanded rapidly, attracting significant investor interest.
Tribunal twist: NCLT to hear Chandra plan again, this time with a bigger bench
The NCLT said there was no majority view on Chandra’s repayment plan. One member had favoured applying the repayment plan only to creditors who supported it, while another member held that the plan should apply to all creditors, including those who opposed it
J&K FDA prohibits sale, storage and distribution of 10 ghee batches: Why were they banned and what it means
An order issues by the Jammu and Kashmir FDA prohibited the sale, storage, distribution and display of 10 identified brands/batches of ghee across the Union Territory after laboratory analysis found the products to be sub-standard, unsafe and misbranded, the reports said.
GRT Jewellers to buy controlling stake in TBZ for up to Rs 1,034 crore
GRT Jewellers will acquire a 74.12% controlling stake in TBZ for up to Rs 1,033.71 crore, expanding its store network and national footprint. The deal combines two longstanding jewellery brands, subject to regulatory approvals and a mandatory open offer.
