Business News

Business

SBI Reports a 9.9% Drop in Net Profit Due to One-Time Pension Provision, Plans Major Capital Raise

State Bank of India's net profit fell by 9.9% due to a one-time provision for pension liabilities, while announcing plans for a significant capital raise and reporting improved ass...

Business

India Shocks IMF by Recalling Nominee Krishnamurthy Subramanian Ahead of Key Pakistan Loan Decision

India has unexpectedly recalled its IMF board nominee Krishnamurthy Subramanian, sparking speculation ahead of a crucial loan decision for Pakistan. The move comes amid disputes ov...

Business

Breaking Down the US-India Trade Talks: Industry Inputs Sought Amid Tariff Negotiations

The Indian government engages industry leaders in US trade deal discussions, focusing on tariffs and rules of origin. Businesses prepare for reciprocal tariffs, as officials highli...

Business

Kotak Mahindra Bank Reports a 14% Decline in Quarterly Net Profit Amid Rising Provisions

Kotak Mahindra Bank reported a 14% decline in quarterly net profit to Rs 3,552 crore for Q4 FY25, due to rising provisions and narrowing margins. Annual profit rose 6% to Rs 13,720...

Business

Airtel and Tata Group End Merger Talks for DTH Business: A Strategic Shift in India's Telecom Landscape

Bharti Airtel and Tata Group have ended their discussions to merge their DTH businesses, citing unresolved issues. The Indian DTH market sees Tata Play leading with a 32% share, am...

Business

Shocking Move: India Cuts Short KV Subramanian's IMF Tenure Amid Data Dispute

The Indian government has unexpectedly terminated KV Subramanian's tenure as IMF executive director six months early, amid disputes over data accuracy and ahead of crucial IMF deci...

Business

Warren Buffett Announces Retirement: Greg Abel to Succeed as Berkshire Hathaway's New CEO

Warren Buffett announces his retirement as CEO of Berkshire Hathaway, naming Greg Abel as his successor. This marks the end of Buffett's 53-year leadership, with the transition set...

Business

Warren Buffett Warns: U.S. Fiscal Deficit Reaching Unsustainable Levels

Warren Buffett raises alarms over the U.S. fiscal deficit, calling it unsustainable and warns of uncontrollable debt and inflation, while critiquing bureaucratic inefficiencies in ...