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MUMBAI: Two months after taking charge amid a management reshuffle following a derivative loss that took a toll on valuations, IndusInd Bank MD & CEO Rajiv Anand has outlined plans to restore system-level growth by FY27, targeting a 1% RoA within 12–18 months, led by commercial vehicle financing and new ventures in wealth management, acquisition…
Asian equities climbed on Monday, supported by optimism that a US government shutdown may be avoided and recovering from last week’s concerns over AI valuations.Hong Kong’s HSI climbed to 26,409, up 167 points or 0.64%. Kospi traded up 112 points or 2.8%, reaching 4,065. In Japan, Nikkei gained 490 points or 0.98% to stand at…
NEW DELHI: Adani Enterprises is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than Vedanta’s bid to make payments in five years, sources said.In early September, mining conglomerate Vedanta Group had beaten Adani…
Nuvama maintained its buy rating on UPL with the target price upped to Rs 823 from Rs 808 earlier. Analysts said the company reported strong numbers for July-Sept quarter (Q2FY26) that led to higher outlook for earnings before interest, taxes, depreciation and amortisation (EBITDA), with revenue guidance unchanged. They also said that inventory overhang has…
NEW DELHI: Amid volatile geopolitics and rapid shifts in markets and technology, certain companies are evaluating the idea of two leaders sharing the corner office. Over the past few weeks, global firms, including Comcast, Oracle and Spotify, have announced transitions to co-CEO structures, while discussions have begun closer home on whether a dual leadership can…
BENGALURU: Hexaware’s revenue for the Sept quarter rose to $394.8 million, registering a 3.3% sequential and 5.5% year-on-year increase in dollar terms. In constant currency, revenue grew 3.4% quarter-on-quarter and 5.2% year-on-year. Net profit, however, declined 5.4% sequentially. CEO R Srikrishna said the company is witnessing steady momentum across sectors, with financial services, travel, and…
The US air cargo industry is bracing for fresh turbulence as the Federal Aviation Administration’s (FAA) 10% reduction in flight capacity across 40 major airports collides with the grounding of UPS and FedEx’s McDonnell Douglas MD-11 fleets, deepening pressure on supply chains ahead of the crucial Thanksgiving and holiday shipping season.The FAA ordered airlines to…
China has granted exemptions to export controls on Nexperia chips for civilian applications, its commerce ministry said on Sunday, signalling a potential easing of pressure on the global auto industry hit by supply shortages following earlier curbs, Reuters reported.The announcement marks Beijing’s strongest indication yet that it will relax restrictions imposed after the Dutch government…
Air travel across the United States could soon “slow to a trickle”, Transportation Secretary Sean Duffy warned on Sunday, as the prolonged government shutdown continues to paralyse operations and disrupt flight schedules nationwide, AFP reported.Thousands of flights were cancelled or delayed through the weekend as the Trump administration ordered capacity cuts at 40 airports to…
US Treasury Secretary Scott Bessent has warned that the economic fallout from the prolonged government shutdown is intensifying, saying the situation is getting “worse and worse” as disruptions ripple through key sectors and strain public finances.(Breaking story) Source link
