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IDBI Bank stake sale to Fairfax raises job security concerns; Finance Ministry assures staff protection
Fairfax will acquire a majority stake in IDBI Bank after Cabinet approval, sparking concerns about job security and staff welfare. Here's what the government said…
Jio announces price band for over Rs 30,000 crore IPO. Check key dates, GMP and other details
Jio has set the price band for its much-awaited IPO at Rs 1,065-1,119 per share. At the lower end of the price band, Jio Platforms…
Akash, Isha Ambani's birthday to mark close of Reliance Jio's mega IPO
Akash and Isha Ambani’s birthday on October 23 coincides with the closing day of Reliance Jio’s Rs 30,000 crore IPO. The listing marks a milestone…
Jio IPO to open on October 21: 10 things to know about the Rs 30,000 crore mega issue
Jio Platforms will open its Rs 30,000 crore IPO for subscription on October 21, with anchor investor bidding scheduled for October 19. The issue could…
Netflix layoffs: 1,000 jobs to go as streaming giant expands into ads, live sports and gaming
Netflix layoffs: Netflix is reportedly planning to cut about 6% of its workforce, or roughly 1,000 jobs, in its biggest round of layoffs since 2022.…
Canara Bank Q2 profit rises 8% YoY to Rs 5,175 crore
Canara Bank reported an 8.4% year-on-year rise in second-quarter net profit to Rs 5,175 crore, supported by higher net interest income and improved asset quality.…
Global Market: BoE's Huw Pill wary of market bets on four rate hikes over next year
Bank of England Chief Economist Huw Pill has questioned market expectations for four quarter-point rate hikes over the next 12 months as policymakers assess the…
US yields jump as hot consumer inflation boosts rate hike bets
In September, the US Treasury yields climbed as the Consumer Price Index (CPI) showed a surprising rise of 0.6% month-over-month and 3.7% year-over-year. This unexpected…
Sebi bars Rajesh Mehta from trading in Rajesh Exports, keeps curbs in place
In a confirmatory order, the market regulator demands full compliance with a forensic audit following allegations of a ₹15.15-trillion revenue misrepresentation between FY21 and FY25.
Diwali offer for RIL shareholders! Reliance Jio sets aside Rs 2,500 crore shares in IPO reservation
Reliance Jio has reserved up to Rs 2,500 crore worth of shares for eligible Reliance Industries shareholders in its upcoming IPO. The quota offers RIL…
US stocks: US market opens lower after hot CPI data fuels rate-hike bets
Wall Street's major indices took a hit as an inflation report outpaced forecasts, sparking heightened speculation about rate increases. Investors are closely reviewing earnings from…
