Asian stocks rise: Asian stocks, US futures rise as trade talks progress
Asian stocks rose along with equity-index futures as record-high US stocks and progress in trade negotiations boosted risk appetite. The MSCI Asia-Pacific index advanced 0.3% at the open Monday. The…
Diaspora remittances hit new record at $135.46 bn in FY25
The Indian diaspora sent home $135.46 billion in the last fiscal year, the highest on record. According to latest balance of payments data released by the Reserve Bank of India,…
Torrent Pharma to acquire JB Chemicals at Rs 25,689 crore valuation
Ahmedabad-based drugmaker Torrent Pharma has agreed to buy a controlling stake in JB Chemicals from global private equity firm KKR at an equity valuation of Rs 25,689 crore ($3 billion).…
Stock Futures: Which stocks should traders buy as indices hit a nine-month high?
As benchmark indices hit a nine-month high in the last week of June, traders are looking to ride the bullish wave. A look at some of the stock futures that…
Karnataka Bank’s top execs quit over auditors flagging expenses
Karnataka Bank managing director Srikrishnan Hari Hara Sarma and executive director Sekhar Rao have stepped down from their respective positions after a month-and-a-half of the auditors of the bank raising…
Foodlink F&B: Foodlink F&B files papers for IPO
Mumbai: Mumbai-based Foodlink F&B Holdings (India) has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offering (IPO). The offer…
Foreign Portfolio Investors: FPIs continue to sell g-secs in June amid weak rupee
Mumbai: Foreign investors continued heavy offloading of Indian government bonds in June, although at a lesser extent than the previous two months, driven by unwinding of long positions following the…
Interest Coverage Ratio: India Inc’s interest coverage ratio rises to a 3-year high on margin improvement , lower interest expenses
ET Intelligence Group: India Inc’s interest coverage ratio hit a 12-quarter high of 5.8% at the aggregate level in the March 2025 quarter helped by margin improvement and lower interest…
Welspun bids the most for Lavasa Corporation; Lodha Developers, Jindal Steel and Power Group in fray, too
Mumbai: Lavasa Corporation, once touted as India’s first private hill town project, has received six takeover bids-ranging from ₹500 crore to ₹850 crore-as creditors try to sell the debt-laden entity…
RBI rate cut to support growth; when credit offtake rises, so will deposits: Axis Bank CEO Amitabh Chaudhry
Geopolitical tensions will not impact India’s growth story, and with a rate cut, credit demand will increase, said Amitabh Chaudhry, managing director and CEO of Axis Bank. In an interview…