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Kotak Securities has an add rating on Punjab National Bank (PNB) with the target price at Rs 125, down from the earlier target of Rs 140. Analysts said that in the Jan-March quarter (Q4FY26), the lender had shown steady profitability overall with the return on equity (RoE) supported by low credit costs and decline in…
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In March, the US jobs market recorded 178,000 new jobs, marking little change from the month before, according to the Bureau of Labor Statistics. The anemic growth in job listings comes amid volatile policy swings from the White House, increased energy prices due to the US and Israel’s war with Iran and, according to recent…
Check out some of the companies making the biggest moves midday: Trucking companies — Freight stocks sold off in reaction to Amazon saying it will open its less-than-truckload shipping services to companies outside its own network, posing a threat to industry incumbents. FedEx Freight Holding and Old Dominion Freight Line both slumped 5%; XPO dropped…
Decentralized finance (DeFi) giant Spark has shelved its plans to launch a mobile app, for now. “We had an internal discussion and we’re going to put it on pause for now just because we view our edge as largely in the DeFi-native crypto space,” Sam MacPherson, CEO of Phoenix Labs, told CoinDesk in an interview…
External affairs minister S Jaishankar (PTI photo) NEW DELHI: External affairs minister S Jaishankar on Tuesday expressed concern over the changing global order that he said appeared to be “headed for a long twilight zone,” which the minister predicted would be “messy, risky, unpredictable, and even dangerous”.Speaking during the FECC Three-Day Global Economic Cooperation (GEC)…
Bitcoin BTC$76,045.02 has not reached its bottom yet, and a new all-time high is unlikely this year, said Michael Terpin, an early bitcoin investor and author of Bitcoin Supercycle: How the Crypto Calendar Can Make You Rich. “Before a bull market for bitcoin can be called, the price needs to break back above $100,000 and…
NEW DELHI: Meta Platforms, earlier known as Facebook, has moved the Delhi high court seeking a stay on a Central Consumer Protection Authority (CCPA) order. It was fined Rs 10 lakh as penalty for the alleged unauthorised sale and listing of walkie-talkies on Facebook Marketplace.Unlike Amazon and Flipkart, Facebook is not an e-commerce platform but…
