New Delhi: India was fifth biggest military spender globally in 2025 and the country increased its military spending by 8.9% to $92.1 billion, according to a report released by arms watchdog group Sipri on Monday.The India-Pakistan conflict in May 2025 – which involved use of combat aircraft, drones and missiles – pushed up India’s military…
New Delhi: India’s mobile app market crossed a major monetisation milestone in the first quarter of 2026, with total revenue surpassing $300 million (around Rs 2,500 crore), marking a 33% year-on-year increase, according to a Sensor Tower report. In Q1 2025, total revenue was roughly $225 million.The market recorded 6.2 billion downloads during the quarter,…
New Delhi: Two days before revision of jet fuel (ATF) prices, the airline industry has sent an “SoS” to the Centre, seeking its “urgent intervention” on fuel pricing.While commercial carriers had won a reprieve last month on ATF (aviation turbine fuel) prices, with the hike in base price for domestic flights capped at 25% and…
Artificial intelligence is pushing financial systems toward a model where machines execute transactions at scale, raising new challenges around control, oversight and infrastructure, said Microsoft and Chainalysis executives. Bill Borden, corporate vice president of worldwide financial services at Microsoft, said Tuesday that legacy systems will face increasing pressure as transaction demands grow more complex. The…
Airtel Africa’s initial public offering of its mobile money business could raise between $1.5 billion and $2 billion, according to people familiar with the matter.London is now the most likely location for the listing of Airtel Money, the people said, asking not be identified as the information is still private. An exchange in the UAE…
Access Denied You don’t have permission to access “http://www.ndtvprofit.com/markets/all-you-need-to-know-before-going-into-trade-on-april-29-11422615” on this server. Reference #18.adf5d217.1777424426.2c3b4af5 https://errors.edgesuite.net/18.adf5d217.1777424426.2c3b4af5 Source link
New Delhi: Maruti Suzuki had a record year in 2025-26 in terms of revenue and sales, but rising costs took a bite out of profits. The automaker posted consolidated revenue of over Rs 1.8 lakh crore, up 19.9% from the previous year, with total sales of 24.2 lakh vehicles. Net profit, however, barely moved –…
New Delhi: In fresh action against Anil Ambani and his Reliance group entities, ED on Tuesday said it has attached his family properties worth another Rs 3,035 crore, including a flat in Usha Kiran building in Mumbai and a farmhouse in Khandala (Pune), taking attachments to nearly Rs 20,000 crore in the ongoing money laundering…
Access Denied You don’t have permission to access “http://www.ndtvprofit.com/markets/buy-sell-or-hold-icici-bank-kalyan-jewellers-zydus-lifesciences-vedanta-and-united-spirits-ask-profit-11422469” on this server. Reference #18.adf5d217.1777423435.2c122428 https://errors.edgesuite.net/18.adf5d217.1777423435.2c122428 Source link
New Delhi: The Centre has revived the strategic sale of its stake in IDBI Bank, along with LIC’s stake a month after the two bids were rejected as they were way below the reserve price.Persons familiar with the discussions said a fresh valuation exercise is being undertaken, given that the bank has a small free…
