Brex co-founders Pedro Franceschi and Henrique Dubugras. Brex Capital One said Thursday that it was acquiring startup Brex for $5.15 billion, the latest splashy deal undertaken by CEO Richard Fairbank. The firm, which disclosed the deal in its fourth-quarter earnings statement, said it would pay 50% cash and 50% stock for Brex. Shares of the…
AHMEDABAD: Congress Rajya Sabha MP Shaktisinh Gohil’s nephew Yashrajsinh Gohil allegedly shot his wife “accidentally” in the head with a licensed revolver in their Ahmedabad flat late Wednesday and then turned the gun on himself, police said.The shooting unfolded in their fifth-floor apartment between 10.30pm and midnight, ACP Jitendra Brahmbhatt said. Yashrajsinh (35) was a…
MUMBAI: India’s bank depositor remains the predominant source of credit to the commercial sector, but their relative contribution is steadily declining as credit growth outpaces deposit mobilisation, data for Dec 2025 show.As of Dec 2025, total outstanding credit to the commercial sector (bank and non-bank) rose to Rs 297.9 lakh crore, while bank deposits stood…
The asset manager said bitcoin’s institutional adoption and asset tokenization are pushing digital assets toward scale, potentially reaching tens of trillions by decade’s end. Source link
NEW DELHI: Chief of Defence Staff General Anil Chauhan on Thursday released the Military Quantum Mission Policy Framework, a comprehensive document that includes the policy and the roadmap to implement quantum technologies in the armed forces in order to prepare them for technology-centric future warfare.The policy framework aims to integrate four pillars of quantum technologies…
NEW DELHI: The US Securities and Exchange Commission has asked a US court for permission to personally email summons to Indian billionaire Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme, filings show.India, the SEC said, has previously refused two requests to serve the summons. In the most…
NEW DELHI: IndiGo net profit fell 78% to Rs 549 crore in the tumultuous Dec quarter due to flight disruption and provisions for higher gratuity and leave encashment as mandated by the labour code.IndiGo CEO Pieter Elbers, who has been issued a warning by aviation regulator for the airline’s failure to plan for crew flying…
MUMBAI: US-based private equity (PE) firm General Atlantic is buying a minority stake in Rajkot’s Balaji Wafers amid growing investor appetite for local snack food brands. The companies did not disclose the financial terms of the deal announced on Thursday. General Atlantic, it is learnt, is picking up a 7% stake for over Rs 2,000…
NEW DELHI: Prime Minister Narendra on Thursday had a telephonic exchange with Brazilian President Luiz Inacia Lula De Silva.According to a statement by the ministry of external affairs, both the leaders reaffirmed their commitments to strengthen India-Brazil strategic partnership“Prime Minister Narendra Modi received a telephone call today from the President of Brazil, Luiz Inácio Lula…
Check out the companies making the biggest moves in premarket trading: Procter & Gamble — The consumer packaged goods company shed nearly 1.5% after its fiscal second-quarter revenue missed expectations. Procter & Gamble reported revenue of $22.21 billion, less than the $22.28 billion expected from analysts polled by LSEG. However, its earnings of $1.88 per…
