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Business

UCO Bank Reports Impressive 10.2% Surge in Q1 Net Profit Fueled by Robust Interest Income Growth

UCO Bank reports a 10.16% YoY increase in Q1 net profit to Rs 607 crore, driven by higher interest income and controlled expenses. Deposits and advances show significant growth, wi...

Business

Indian IT Firms Navigate AI and Macroeconomic Challenges: Cost Cuts and Strategic Shifts Amid Margin Pressures

Indian IT firms are grappling with margin pressures from macroeconomic slowdowns and AI's impact, adopting cost cuts and strategic shifts. Experts predict persistent challenges des...

Business

RBI Introduces Stricter Guidelines for Digital Banking: Ban on Third-Party Product Promotions and Mandatory Customer Consent

The Reserve Bank of India proposes new draft rules for digital banking, including bans on third-party product promotions and mandatory customer consent, aiming to enhance security ...

Business

Figma Sets Sights on $1.03 Billion IPO: A Bold Move in the Cloud-Based Design Software Market

Figma aims to raise $1.03 billion in its IPO on the NYSE under the ticker "FIG", offering 36.9 million shares at $25-$28 each, with Morgan Stanley, Goldman Sachs, Allen & Company, ...

Business

Verizon Surges Ahead with a 5.2% Revenue Jump to $34.5B in Q2 2025

Verizon Communications Inc. announced a 5.2% year-over-year increase in Q2 2025 revenue to $34.5 billion, with net income up by 9%. The company's shares rose 4.63% in premarket tra...

Business

Exclusive: Dell Technologies' Customer Solution Centers Hacked by 'World Leaks' Group

Dell Technologies confirms a security breach in its Customer Solution Centers by the 'World Leaks' hacker group. The company assures that the incident is isolated, with no risk to ...

Business

X Platform Stands Firm: Rejects French Claims of Algorithm Manipulation and Data Fraud

Elon Musk's X platform denies French allegations of algorithm manipulation and data fraud, standing firm on its legal rights. A Paris investigation into the platform has been initi...

Business

MicroStrategy Makes a Bold Move: Acquires 6,220 Bitcoin for $740M, Strengthening Its Crypto Portfolio

MicroStrategy Incorporated has bolstered its cryptocurrency portfolio by acquiring 6,220 Bitcoin for $740M, funded through the sale of common shares and ATM shares. This move incre...