SBI Second Quarter Net Profit Jumps 10% to ₹20,160 Crore
The second quarter, which ended on September 30, 2025, the State Bank of India reported a 10% year-on-year (YOY) rise in net profit to ₹20,160 crore, driven by profits from the YES Bank stake sale and improved asset quality. Recently, the bank sold a 13.18% stake in YES Bank, generating a profit of ₹4,593 crore,…
India Considers $12 Billion Plan to Bailout Power Firms
India may offer a bailout of more than ₹1 trillion ($12 billion) for debt-laden state-run power distribution companies. To accept the funds, the state will be required to privatise its electric utilities and transfer managerial control, or keep control while listing them on a stock exchange, according to government officials and a Ministry of Power…
Abu Dhabi Fund Pledges to Buy 41% Stake in NBFC Sammaan
Abu Dhabi’s ruling family-owned International Holding Company(IHC) has shown interest in buying a 41% stake in India’s Sammaan Capital, previously known as Indiabulls Housing, for Rs. 8,850 crore. At $1 billion, this marked the largest international investment in India’s NBFC sector. The Investment will be made through preferential allotment of equity and warrants at around…
List of The Most Handsome Man in the World in 2026
Throughout history, certain faces have captivated not just a generation but the entire world. Iconic names like Elvis Presley or Paul McCartney come to mind. There’s an irresistible aura about men whose charm and charisma remain compelling today as they did a few decades or years ago. When considering the most handsome man in the…
Swiggy to Sell its Stake in Ride-Hailing Company Rapido
On Tuesday, the Indian food and grocery services platform Swiggy announced the sale of its entire 12% stake, valued at $270 million, in ride-hailing services company Rapido. This decision stems from Rapido’s entry into the food delivery business, which Swiggy perceived as a potential threat, prompting a reevaluation of its strategy. According to the report,…
The Triad of India, Russia and China Building Financial Independence in a Multipolar World
On August 31, 2025, SCO leaders convened in Tianjin, highlighting their multipolar ambitions. China’s President Xi Jinping greeted Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and officials from Central Asia, Iran, and Belarus. The widely circulated images showed more than mere handshakes; they symbolized a changing global landscape where Western influence is waning….
India-US Set to Renegotiate AÂ Digital Trade DealÂ
US sales of goods and services in India will become easier as both nations are renegotiating a trade deal, focusing on facilitating digital trade. Both parties agreed not to request information about source code, proprietary knowledge, specific technologies, production processes, etc., as a precondition of running a business in India. Through this agreement, numerous sectors…
Wootz.work: Reinventing Global Engineering Procurement from India
Over 300,000 suppliers offer more than 300,000 parts in a $1.7 trillion global light engineering market. Finding the right part from the right supplier is challenging in such a market. For OEMs and industrial buyers, procurement involves days of communication, inconsistent standards, unpredictable delivery, and a confusing mix of suppliers and low-cost countries. This is…
India & the UAE Sign a Historic Bilateral Trade DealÂ
India and the United Arab Emirates have announced a historic deal to take the bilateral trade of both countries to $100 billion, with non-oil and non-precious metal trade. Both countries plan to take their trade to $100 billion in the next three years, marking a major shift in the global economy. The decision was unveiled…
FMCG Firms Announced to Lower Prices As Per GST 2.0Â
Fast-moving consumer Goods (FMCG) companies announced a price change following a GST council tax rate rejig earlier this month. These changes will come into effect on September 22, including milkshakes, butter, ghee, jams, cheese, frozen products, ice-creams, pickles, coconut water, and tomato puree, reduced to 5% tax from 12%. UHT milk and paneer have been…
