MUMBAI: Reserve Bank of India ramped up dollar purchases in Feb, signalling a shift to rebuilding forex reserves after the rupee stabilised following the US–India trade deal announcement in the same month.Despite heavy spot purchases, net forward sales stood at $77.7 billion, indicating continued reliance on forward markets. While Feb did provide an opportunity for…
MUMBAI: Bank lending is back in favour. In FY26 it reclaimed primacy in financing India’s commercial sector, its share of total resource flows climbing to a three-year high, as per RBI’s April bulletin.The shift is stark. Total resource flows reached Rs 44.7 lakh crore in FY26, while nonfood bank credit surged to Rs 29.2 lakh…
NEW DELHI: Government has started to assess potential risks from advanced artificial intelligence (AI) models, such as Anthropic’s Mythos, with finance minister Nirmala Sitharaman and IT minister Ashwini Vaishnaw chairing a high-level meeting on Thursday with banks and regulators to review emerging threats from AI models.The meeting was attended by senior officials from the Reserve…
File photo (Picture credit: AP) Asian markets showed a mixed and cautious trend on Friday, with investors remaining on edge as uncertainty around the Iran conflict and stalled US-Iran talks continued to cloud sentiment.MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3% and was on track for a modest weekly gain of 0.8%.Japan’s…
Global oil prices rose on Friday amid renewed fears of escalation in the Middle East after Iran released footage showing commandos boarding a cargo ship in the Strait of Hormuz and reports of heightened military activity in Tehran.Brent crude futures rose $1.23, or 1.17%, to $106.3 per barrel by early trading, while West Texas Intermediate…
MUMBAI: Amazon is betting a fresh $300 million (over Rs 2,800 crore) on India to widen its operations network and boost its quick commerce business, a space where the firm has been a late entrant, lagging in market share.The Seattle-based e-commerce company has set a target of more than doubling the footprint of its quick…
Meta Platforms plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence. The company disclosed the move in a memo sent to employees Thursday, saying the layoffs will come on May 20. Meta also won’t hire workers for 6,000 open roles…
Jaguar Land Rover is recalling 170,169 vehicles in the US due to loss of drive power, the US National Highway Traffic Safety Administration said on Thursday. The recall affects multiple models including Range Rover, Discovery, Range Rover Sport, Defender, etc., NHTSA said. A failure of the DC-DC converter will stop the vehicle’s 12-Volt system from…
Top stocks to buy (AI image) Stock market recommendations: Bharat Electronics, and Colgate-Palmolive (India) have been recommended as the top stocks to buy today (April 24, 2026) by Bajaj Broking Research. Take a look at the target prices and expected returns:Bharat ElectronicsBuy in the range of ₹ 440.00-450.00 Target Return Time Period ₹ 495 11%…
MUMBAI: Union Bank of India reported a net profit of Rs 5,316 crore for the quarter ended March 31, marking a 6.6% increase from Rs 4,985 crore in the corresponding quarter a year ago, supported by lower operating expenses and improved asset quality.For FY26, the net profit of Rs 18,697 crore was about 4% higher…
