Latest News, Updates & Breaking Headlines
US hip-hop star Sean “Diddy” Combs has been transferred to a prison in New Jersey to serve his jail term of four years and two months for prostitution-related crimes, a federal register showed Friday. Combs is being held in the low-security Fort Dix prison, some 130 kilometers (80 miles) south of New York, a facility…
Jerome Powell (AP file photo) US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday cut the key benchmark rate by 25 basis points, bringing it down to the 3.75-4.00 per cent range. According to the FOMC statement, “uncertainty about the economic outlook remains elevated.”“Available indicators suggest that economic activity has been…
WashU medical school faces federal civil rights complaint over alleged DEI bias in admissions, residency, and hiring America First Legal (AFL), a conservative legal advocacy group that focuses on defending civil rights and challenging federal policies, has filed a federal civil rights complaint with the US Department of Justice against Washington University School of Medicine…
KVS Manian, MD & CEO, Federal Bank MUMBAI: Federal Bank chief KVS Manian said that the recently-announced capital raise from private equity investor Blackstone will give the lender flexibility to consider acquisitions to support growth, after the board approved a preferential issue of warrants to the US asset manager on Oct 24 in Kochi.The bank…
MUMBAI: The US-based private equity firm Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore. The Kerala-based bank’s board approved the proposal on Friday, it now requires shareholder and regulatory clearances, including from RBI and Competition Commission of India. This is the latest instance where an Indian lender has…
Representative image (AI-generated) MUMBAI: Private equity investor Blackstone will pick up a 9.99% stake in Federal Bank for Rs 6,196.51 crore. The investment will be made through Asia II Topco XIII Pte Ltd, a Blackstone-controlled entity that handles the firm’s strategic transactions in India. Federal Bank’s board cleared the proposal on Oct 24, 2025. It…
Credit: University’s official website The University of Virginia (UVA) has reached an agreement with the Trump administration to resolve allegations of racial discrimination in its admissions and hiring processes. The Justice Department announced the settlement on Wednesday, bringing to a close a high-profile investigation into the university’s diversity, equity, and inclusion (DEI) policies. The resolution…
NEW DELHI: The government’s in-principle go ahead to setting up of an apex federal agency for planning and monitoring of all modes of surface transport, railways, shipping, civil aviation and mass transit at national level, and logistics sector is set to bring a paradigm shift in the country’s infrastructure planning and accelerated development. The new…
MUMBAI: Federal Bank reported a record rise in operational income for the quarter ended Sept 2025, but higher provisions led to a decline in net profit.The bank’s net profit fell 9.5% year-on-year to Rs 955.3 crore from Rs 1,057 crore in the same quarter last year. Total provisions, including tax, rose 35.4% to Rs 689…
A federal judge on Wednesday temporarily blocked the Trump administration from firing federal workers amid the ongoing government shutdown. The decision came as the shutdown entered its third week.US district judge Susan Illston in San Francisco said the planned job cuts were being carried out without proper consideration. “It’s very much ready, fire, aim on…
