Waller indicated that he would still favour an interest rate increase in December, even if October’s inflation data shows signs of easing. (File Photo) US Federal Reserve Governor Christopher J. Waller has indicated that another monetary policy increase is likely to be necessary at the…
Category: Business
Nvidia, Jensen Huang Sued By Shareholders Over Affair With Alleged Chinese Spy
Nvidia CEO Jensen Huang faces a shareholder lawsuit over allegations involving a suspected Chinese intelligence operative. Nvidia CEO Jensen Huang and the chipmaking giant are facing a proposed class-action lawsuit in the US, with shareholders accusing them of misleading investors by failing to disclose concerns…
EPFO Offers Relief On Pending PF Penalties: Check Who Qualifies And How To Apply
Employees’ Provident Fund Organisation (Image Source: iStock) The Employees’ Provident Fund Organisation (EPFO) has introduced a time-bound opportunity for employers to resolve outstanding provident fund (PF) penalty disputes through its VISHWAS 2026 scheme. The initiative allows eligible establishments to pay reduced damages for past compliance…
Higher Borrowing Costs To Weigh On Global Credit Conditions In 2027: Moody’s
Higher Borrowing Costs To Weigh On Global Credit Global credit conditions are expected to weaken in 2027 as higher financing costs, persistent economic uncertainty and geopolitical risks weigh on borrowers and lenders, according to Moody’s. The rating agency has flagged rising borrowing costs as a…
MRF’s Net Profit Falls 28% On Higher Raw Material Costs; Declares Rs 3 Dividend
MRF’s Net Profit Falls. (AI Generated Image) Tyre major MRF Ltd reported a 28% year-on-year decline in its standalone net profit to Rs 369 crore for the second quarter of the financial year 2026-27, compared with Rs 512 crore in the corresponding quarter last year.…
Blackstone To Pick Up 16% Stake In IIFL Finance Through Rs 5,000 Crore Investment
The proposed transaction is expected to give Blackstone an approximately 16 per cent ownership stake in IIFL Finance after accounting for all potential equity shares. (File Photo) Global investment giant Blackstone is preparing to acquire an approximately 16 per cent interest in IIFL Finance through…
Pre-Budget 2027 Wishlist: Industry Body Pushes Tax Cuts, MSME Credit Reforms
Finance Minister Nirmala Sitharaman. (File Photo) The industry body has proposed a series of reforms to boost India’s capital markets and strengthen access to finance for micro, small and medium enterprises (MSMEs) ahead of the Union Budget 2027-28. In its pre-Budget recommendations submitted to Finance…
Wine, Dinners And Tech Events: ‘Chinese Spy’ Alice Huang’s Photos With Nvidia CEO Jensen Huang Surface
Chinese financial publication Caixin reported that she is believed to have studied media management at Hong Kong Baptist University’s School of Communication. Alice Huang, the Chinese executive accused of spying for Beijing, repeatedly shared photographs with Nvidia chief executive Jensen Huang on Chinese social media,…
Republicans Kill Hegseth Impeachment Push, Shield Trump’s Defence Chief
Defense Secretary Pete Hegseth fended off an impeachment effort Tuesday evening in the House, after GOP votes helped to kill the effort to punish him for his actions as President Donald Trump’s Pentagon chief. It spared him a potentially damaging vote after the Republicans suffered…
United Flight Hijack Scare: Passenger Claims To Have Bomb, Attempts To Storm Cockpit Midair
United Flight Hijack Scare: Passenger Claims To Have Bomb, Attempts To Storm Cockpit Midair A United Airlines flight from Newark to New Orleans sent out a hijacking alert Monday night after a passenger claimed to have a bomb and tried to storm the cockpit. United…