NEW DELHI: Umar Un Nabi, confirmed by a DNA test as the bomber in Old Delhi, and his module had planned to carry out a “spectacular terror attack” with multiple vehicle-borne IEDs followed by firing with assault rifles. They had procured three vehicles – an i20, a red Ford Ecosport and a Brezza – for…
Check out the companies making the biggest moves midday: XYZ —The financial services provider plunged 10% after reporting third-quarter earnings of 54 cents per share, while analysts polled by LSEG were expecting 67 cents. Block’s $6.11 billion revenue also came in below the forecast $6.31 billion. Globus Medical — The medical device maker soared 32%…
MUMBAI: Even as major banks are revising upward their projections for corporate credit growth, rating agency Icra has said that corporate lending is yet to see a meaningful revival. “Corporate credit is very difficult to call out, whether it will go up or not. There appears to be some uptake in the second quarter. Whether…
NEW DELHI: Supreme Court on Wednesday said rampant illegal mining in Aravali range, the natural barrier spread across Haryana, Rajasthan, Gujarat and Delhi that’s preventing desertification of Gangetic plains, is causing immense damage to the sensitive eco-system. The court reserved verdict on the issue of a uniform definition of what the Aravali range is. Amicus…
MUMBAI: Exit polls in Bihar that indicated a continuation of the NDA govt in the state, and positive news on the ongoing US-India trade negotiations lifted investor sentiment on Dalal Street on Wednesday. As a result, sensex closed 595 points (0.7%) up at 84,467 points while nifty on NSE closed 181 points (0.7%) higher at…
Welcome to the institutional newsletter, Crypto Long & Short. This week: ZIGChain’s Abdul Rafay Gadit writes that as venture funding wanes, Digital Asset Treasury Companies (DATCOs) are reshaping corporate finance by turning balance sheets into active capital engines, proving that institutional crypto’s future lies in on-chain productivity, transparency and governance — not speculation. CoinDesk Indices’…
MUMBAI: A high-powered committee set up by the markets regulator Sebi to look into the conflict of interest issues of its top officials, including the chairman, came out with a report suggesting stricter rules. The report said that, among others, all the top officials should be identified as insiders, should periodically disclose their assets and…
Check out the companies making headlines in after-hours trading. Cisco — Shares of Cisco gained more than 7% in extended trading after the networking company posted better-than-expected profit and revenue for its fiscal first quarter. Cisco earned $1 per share, excluding items, on $14.88 billion in revenue, while analysts polled by LSEG expected 98 cents…
AI image for representation NEW DELHI: Retail inflation cooled to a record low in Oct on the back of the impact of GST rate cut and sharp slide in food prices, triggering hopes of a cut in interest rates by the Reserve Bank of India (RBI) in Dec. Data released by the National Statistics Office…
NEW DELHI: In a major booster shot for military capabilities in eastern Ladakh, India on Wednesday operationalised its new Nyoma airbase close to the frontier with China, even as a large Army exercise called ‘Poorvi Prachand Prahar’ is now under way in Arunachal Pradesh on the eastern front. The developments at the opposite ends of…
