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Russian petroleum giant Lukoil announced on Monday evening that it will divest its international operations following US sanctions imposed in connection with Moscow’s actions in Ukraine.“Owing to the introduction of restrictive measures against the company and its subsidiaries by some states, the company announces its intention to sell its international assets,” Lukoil said in a…
Asian shares held steady on Tuesday after recent strong gains, as optimism over easing global trade tensions kept investor sentiment positive. Tech stocks continued their rally ahead of key earnings from major companies this week.Expectations of potential interest rate cuts in the United States and Canada supported bond markets, while the dollar remained flat as…
Morgan Stanley has an overweight rating on Kotak Bank with the target price at Rs 2,600. Analysts said they were positive on the lender’s broad-based loan growth as well as moderation in asset quality stress. Net interest margin (NIM) was down 11 basis points on the quarter as unsecured loans mix moderated. They feel NIM…
Prices of some of the silver futures contracts on MCX hit the lower circuit level late on Monday following a sharp sell-off in the white metal in the international markets. After hitting historic highs in the international and domestic markets about two weeks ago, silver has been facing sharp sell-offs and prices in the two…
BENGALURU: The median pay for engineering and data professionals in India fell by 40% to $22,000 in 2025 from $36,000 in 2024, a report by payroll and compliance platform Deel and equity management platform Carta showed. In contrast, median compensation for similar roles in the US rose to $150,000 from $122,000 during the same period….
Peyush Bansal, CEO, Lenskart MUMBAI: Lenskart is looking to build a war chest for AI investments by tapping public markets as the technology is rapidly changing the way people shop, transact and consume. The SoftBank-backed startup is set for a debut on Dalal Street on Nov 10, joining new age peers such as Urban Company…
HSBC Bank books $1.1 billion provision HSBC Bank on Monday disclosed a financial charge of $1.1 billion related to a claim by a European fund tied to the late Bernard Madoff’s investment fraud.The provision will be reflected in the lender’s third-quarter results due Tuesday, the London-headquartered bank said. Following the announcement, HSBC’s shares slipped about…
US stocks hit new peaks (AP) US stocks advanced on Monday, pushing further into record territory ahead of a week filled with major market-moving events—including a Federal Reserve policy decision and a highly anticipated meeting between US President Donald Trump and Chinese leader Xi Jinping.By mid-morning, the S&P 500 was up 0.9%, the Dow Jones…
Adani Energy Solutions Limited (AESL), a key arm of the Adani Group and India’s biggest private player in the power transmission and distribution sector, on Monday posted strong financial and operational results for the quarter and half year ended September 30, 2025.For the first half of FY26, AESL’s total income climbed 16.4% year-on-year to Rs…
NEW DELHI: The National Highways Authority of India (NHAI) has saved over Rs 2,000 crore by taking systemic measures, including timely bid out of contracts, eliminating three-month short-term contracts and doing away with provision that gave ‘windfall’ gain, to reduce what it pays as a charge to private toll collection agencies for carrying out this…
