Page 16 - Latest News

US bans Chinese AI DeepSeek from civilian government agency IT systems

The US has ordered federal civilian agencies to remove DeepSeek AI products and related services from IT systems, citing national security risks and concerns over potential data transfers to China.

Datanomics: India-NZ FTA kicks off today amid concerns on trade deficit

India has signed FTAs and other trade agreements with nine individual countries and one regional bloc comprising ten nations since 1998

Confronting economic trade-offs

Market-driven prices and tax reforms can support monetary policy and attract foreign capital

West Asia exposure may impact IT major LTM's near-term performance

LTM's Middle East exposure weighed on Q2FY27 revenue growth, while rising AI-led deals and improving BFSI demand offer prospects for recovery despite margin and forex pressures.

Jio IPO anchor book sees over 30x demand, draws record bids worth ₹2.5 trn

Jio Platforms' ₹8,110 crore anchor book draws bids exceeding ₹2.5 trillion, with global investors, mutual funds and insurers competing for shares ahead of its ₹30,213 crore IPO

MIAL reiterates summer 2027 flight shift plan despite airlines' objections

MIAL says airlines can decide whether to move flights to Navi Mumbai or explore alternatives as Mumbai airport prepares to cut capacity by 5 million passengers from summer 2027.

Contractors face penalties for accident-prone spots on national highways

Road ministry tightens highway construction norms, introducing penalties for contractors over repeat fatal accidents and capping subcontracting at 30% of project value

Rock Machine: The renegades who changed Indian rock's frequency forever

Formed in 1984 in what was then Bombay, Rock Machine began as a covers band before betting on originals. Its first overseas tour came in 1988, when it travelled to Soviet Union for Festival of India

Piramal Finance Q2FY27 results: Net profit zooms 67% to ₹545 crore

Piramal Finance reports a 67% year-on-year jump in Q2 net profit to ₹545 crore, driven by strong core income growth, higher assets under management and improved cost efficiency

Remembering guitarist Mahesh Tinaikar: 'Brothers right until we die…'

Mahesh was the greatest guitar player in our country, a self-taught musician who played his music through his soul. If god was a guitarist, he would play like Mahesh

Punjab & Sind Bank Q2 net profit surges 40% to ₹412 cr on improved income

Punjab & Sind Bank reports a 40% year-on-year rise in Q2 FY27 net profit to ₹412 crore, supported by higher interest income and improved asset quality

Bajaj Finance Q2 net profit rises 29% to ₹6,367 crore on strong NII growth

The NBFC reported 24% growth in net interest income and a 26% rise in assets under management to Rs 5.85 trillion, while loan losses and provisions increased 4% year-on-year

Treasury gains shrink for banks in Q2 as rising yields hit trading books

Treasury income fell at several major banks in Q2FY27 as bond yields climbed, weighing on other income and profits despite growth in net interest income across lenders.

Private lenders weigh on equity markets as PSU banks buck the selloff

Bank earnings disappoint, IT stocks retreat; PSU banks emerge as lone sectoral gainers

IT companies attracting investors after valuations hit multi-year lows

Trailing P/E multiple of top 5 IT services companies had declined to 12.9x at September-end, lowest since 2008 global financial crisis

India's auto tech funding at $1.3 bn in 2026, unlikely to match 2025 levels

Auto tech firms raised $1.3 billion across 97 rounds in 2026, with Bengaluru accounting for nearly 70% of funding; Rapido, Simple Energy and Rideriver led the biggest deals

Tonbo Imaging India IPO subscribed nearly 136 times, led by QIB demand

The issue drew 55,24,267 applications, according to Chittorgarh data, with qualified institutional buyers subscribing 293.56 times and non-institutional investors 170.94 times

UltraTech Cement Q2 profit rises 21% to ₹1,494 crore; sales up 19% on year

Net sales rose 18.9 per cent to ₹23,024 crore and domestic grey-cement volumes grew 13.8%, while PBIDT increased 17.3% to ₹3,832 crore on year in Q2FY27

Plan to enter credit card biz in six months: South Indian Bank MD & CEO

South Indian Bank MD & CEO Mahesh Pai plans to enter the credit card business within six months, boost retail lending, expand branches and target 15-16% credit growth over the next two years.

Hindustan Zinc Q2 net profit surges 142% to ₹6,412 cr on record Ebitda

Revenue rises 77% to Rs 15,093 crore, while zinc production costs fall 29% to $703 per tonne, aided by improved mined grades, higher output and renewable power use