Latest News, Updates & Breaking Headlines
MUMBAI: Markets regulator Sebi on Monday barred Man Industries and two of its current and one former top executives from accessing the securities markets for two years over alleged fund diversion, misrepresentation of financial statements and delayed disclosures to the exchanges.The company, its chairman Ramesh Mansukhani, its MD Nikhil Mansukhani, and Ashok Gupta, a former…
Moody’s Ratings on Monday changed Tata Motors’ outlook to negative from positive following a cyber attack on its British arm Jaguar Land Rover, which has led to a complete production halt.The rating agency affirmed the Mumbai-based auto major’s Ba1 corporate family rating (CFR). “The outlook change to negative from positive reflects our view that a…
Electronic Arts agreed to sell to a group of private investors in a deal that values the company at about $55 billion, marking the largest leveraged buyout on record.The consortium, which includes Silver Lake Management, Saudi Arabia’s Public Investment Fund and Jared Kushner’s (US President Donald Trump’s son-in-law) Affinity Partners, agreed to pay $210 per…
On a weeknight in a compact Mumbai kitchen, 29-year-old Justin whisks together a quick salad while his air fryer hums with sweet potato wedges. For him, cooking is less a chore and more a ritual, a way to unwind after work, entertain friends, and explore diverse flavours.Justin represents a growing tribe. Across urban India, men…
MUMBAI: Tata Capital’s Rs 15,511-crore IPO — Tata Group’s biggest-ever and the largest by any NBFC — will be open between Oct 6-8, with anchor bids on Oct 3. Priced at Rs 310–326 a share, the offer values the firm at Rs 1.32–1.38 lakh crore. Investors must bid for at least 46 shares.At the floor,…
Minister of state for external affairs and textiles, Pabitra Margherita will travel to Moscow this week for meetings with Russia’s Ministry of Industry and Trade and leading entrepreneurs from the textile and apparel sector, the Textile Ministry said on Monday.The visit, scheduled from October 1 to 3, comes at a time when India is scouting…
Diwali shoppers may feel the excitement of GST 2.0, with headlines promising lower taxes on televisions, air-conditioners, cars, and other goods. At first glance, the new GST slabs — simplified to 5%, 18%, and 40% — appear to deliver a straightforward win for buyers. The government hopes the reform will reduce prices, simplify compliance, and…
US stocks opened higher on Monday, clawing back some losses from last week, with investors eyeing a key economic report and ongoing political uncertainty over a potential government shutdown. The S&P 500 rose 0.4% in early trading, the Dow Jones Industrial Average edged up 29 points (0.1%), and the Nasdaq composite gained 0.6%, all hovering…
The Small Industries Development Bank of India (Sidbi) on Monday reported a 19.5% rise in its net profit, touching an all-time high of Rs 4,811 crore for FY25 against Rs 4,026 crore a year earlier.Sidbi said its balance sheet crossed Rs 5.6 lakh crore during the year, with total assets growing 8.7% to Rs 5,68,238…
The United States is once again staring at a possible government shutdown. Unless Congress agrees on a funding deal before midnight on September 30 large parts of the federal government will run out of money and be forced to close from October 1.Here’s what’s happening and why it matters. What is a government shutdown? A…
