IOB set to raise 4,000 crore; Centre’s stake to fall CHENNAI: Close on the heels of the Centre divesting 2.2% of its shares in Indian Overseas Bank (IOB), the public sector bank will raise Rs 4,000 crore through a qualified institutional placement (QIP) in Q4 FY26. The move will further bring down the Union government’s…
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The real question, for India and for those watching it, is how quickly the statistical machinery can catch up with an economy that is changing faster than almost any other. (AI image) How strong is India’s economy really, going by the latest 8.2% GDP print?India just reported another head-turning GDP number. The latest data show…
President Trump’s trade war strategy – featuring sweeping tariffs – has not curtailed China’s export machine. (AI image) Driving the news:Despite nearly a decade of US tariffs under President Donald Trump, China’s trade surplus has exploded, hitting $1.08 trillion through November – the highest ever recorded globally and a level China didn’t reach until year-end…
India’s fast-growing Global Capability Centre (GCC) ecosystem — which already employs 1.9 million professionals — is set to create an additional 2.8 to 4 million jobs by FY30, according to a new report by TeamLease. But as expansion accelerates, the study warns, operators will face an increasingly complex regulatory and compliance environment, PTI reported.The report,…
Indian IT stocks had already experienced a notable drop earlier this year. (AI image) Indian IT shares tank! Shares of Indian IT companies dropped by as much as 6% on Tuesday after fresh artificial intelligence announcements from global chipmaker Nvidia, which reignited concerns about AI-driven disruption in the technology services sector. Investor caution also remained…
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Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty Images Federal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in…
Wells Fargo (WFC), one of the largest U.S. banks overseeing $1.7 trillion in assets, has filed a trademark application for a new digital asset-focused platform branded as WFUSD, signaling that the bank is pushing deeper into crypto and blockchain. According to a Tuesday filing for the United States Patent and Trademark Office (USPTO), WFUSD would…
Bitcoin BTC$65,248.69 reclaimed $65,400 early Wednesday as a weaker U.S. dollar and a risk-on tone across Asian equities gave crypto markets their first clean bounce in weeks. The broader crypto market cap had slipped to $2.19 trillion earlier this week, practically retesting the lows hit during the Feb. 5 crash. That proximity is what makes…
