Buisiness

MUMBAI: One97 Communications (Paytm), its chairman & MD Vijay Shekhar Sharma, and his brother Ajay settled a case with markets regulator Sebi for wrongful allotment of esops (employee stock ownership plan) to the brothers just ahead of the company’s IPO in 2021. Under the terms of the settlement, Paytm and Vijay will pay a settlement…

Microsoft co-founder Bill Gates has announced a new, faster timeline for giving away his vast fortune, highlighting artificial intelligence (AI) as a powerful tool to transform global health and save lives.In a major shift, the Bill and Melinda Gates Foundation will now spend over $200 billion in the next 20 years and shut down operations…

In a surprising turnaround, India’s agriculture exports have surged significantly, posting a 30% year-on-year growth on a 3-month moving average basis, according to a new report by SBI Mutual Fund.This marks a strong revival in export volumes and could signal a broader comeback for the sector that struggled with inconsistent growth in recent years.The report,…

Global economic growth is set to slow in the coming months, with major economies such as the United States and China projected to experience notable deceleration. However, India is expected to outpace global peers amid this global downturn, according to a recent report by Kotak Alternate Asset Managers.The report forecasts a 90 basis point slowdown…

Tesla’s country head for India has stepped down after nearly nine years with the electric vehicle giant, just as the company moves closer to launching operations in one of the world’s fastest-growing auto markets, according to a report by Bloomberg News.The report, citing sources familiar with the matter, stated that Tesla’s China team will now…

US President Donald Trump and British Prime Minister Keir Starmer announced on Thursday a groundbreaking trade agreement with Britain, the first such arrangement since the implementation of global tariffs.“This morning I am thrilled to announce that we have reached a trade deal with the UK. Today is the Victory Day for World War 2, we…

Canara Bank posted a robust 28% year-on-year jump in its consolidated net profit to Rs 5,070 crore for the March quarter, aided by lower provisions and strong non-core income growth.The state-owned lender had reported a profit of Rs 3,951 crore in the same quarter last year.For the full financial year FY25, the bank’s net profit…

US stocks opened sharply higher on Thursday morning after President Trump announced a “full and comprehensive” trade agreement between the United States and the United Kingdom, fuelling optimism across global markets and lifting investor sentiment.As of 9:32 a.m., the Dow Jones Industrial Average climbed 218.81 points, or 0.53%, to 41,332.78, following the President’s post on…

The Bank of England has cut its main interest rate by 0.25 percentage points to 4.25%, citing concerns over the potential global economic slowdown driven by the trade policies of the Trump administration.The decision announced on Thursday, comes just hours before a widely anticipated US-UK trade deal is expected to be unveiled. President Donald Trump…

As Indian airspace continues to be disrupted by ongoing military operations, Air India has announced crucial measures to assist defence personnel.The airline said that it will provide full refunds on cancellations and a one-time waiver on rescheduling for those holding defence fare tickets on Air India and Air India Express flights. This initiative applies to…