Trump attributed the large banks’ rejection of him and his supporters to regulatory pressure from the then Biden administration. US President Donald Trump has revealed that America’s two biggest banks, JPMorgan Chase and Bank of America, have rejected him as a customer in the past. In an interview with CNBC, Trump said he had been…
Fraudsters are increasingly exploiting Aadhaar-linked identity systems to file bogus insurance claims, prompting a large-scale probe by the Uttar Pradesh Police and a renewed industry push to tighten oversight across health, life, and motor insurance sectors.According to officials, criminals have now moved beyond PIN code manipulation — a fraud technique previously used to bypass claim…
The Securities and Exchange Board of India (Sebi) has proposed a new threshold-based framework to determine the materiality of related party transactions (RPTs), aligning the compliance burden with the turnover scale of listed entities.According to a consultation paper released on Monday, Sebi suggested that for companies with an annual consolidated turnover up to Rs 20,000…
India’s business sentiment saw a sharp uptick in the April-June quarter, with the Business Confidence Index (BCI) rising to 149.4 from 139.3 in the previous quarter, according to the latest Business Expectations Survey by the National Council of Applied Economic Research (NCAER).The index is built on four key components: expectations of overall economic improvement over…
The Competition Commission of India (CCI) has approved Dalmia Bharat’s proposal to fully acquire the debt-laden Jaiprakash Associates Ltd (JAL), clearing a key hurdle in the latter’s ongoing insolvency process.The green light from the antitrust regulator allows Dalmia Cement (Bharat) Ltd, a wholly owned subsidiary of Dalmia Bharat Ltd, to submit its resolution plan for…
Tata Capital, the financial services arm of the Tata Group, has filed updated draft papers with Sebi for a mega initial public offering (IPO) estimated at $2 billion (Rs 17,200 crore), people familiar with the matter said. The IPO is expected to value the company at around $11 billion.According to the updated Draft Red Herring…
US stock indices traded marginally higher on Tuesday, showing signs of stability after two volatile sessions driven by economic uncertainty and political tension over tariffs. The S&P 500 inched up 0.1% in early trade, while the Dow Jones Industrial Average rose 77 points, or 0.2%. The Nasdaq Composite also added 0.1%, AP reported.The gains came…
The US trade deficit shrank sharply in June to $60.2 billion, marking a 16% decline from the revised $71.7 billion recorded in May, according to data released Tuesday by the Department of Commerce. The unexpected contraction in the world’s largest economy’s trade gap was driven primarily by a steep drop in imports, as President Donald…
US President Donald Trump on Tuesday warned of a whopping 250% tariffs on the pharma industry one year, one-and-a-half years. “We’ll be putting (an) initially small tariff on pharmaceuticals, but in one year, one-and-a-half years, maximum, it’s going to go to 150 percent and then it’s going to go to 250 percent because we want…
Bharti Airtel reported a 43% year-on-year rise in consolidated net profit to Rs 5,947.9 crore for the April–June 2025 quarter, up from Rs 4,160 crore a year earlier, driven by robust growth in India revenue and higher average revenue per user (ARPU).The telecom major’s consolidated revenue from operations rose 28.4% to Rs 49,463 crore during…
