Cava, Chipotle, Sweetgreen report slower sales
[ad_1] Cava stock tumbled 16% in afternoon trading on Wednesday, making it the latest fast-casual chain to feel Wall Street’s wrath after reporting disappointing quarterly sales. A year ago, eateries like Chipotle Mexican Grill and Cava were reporting double-digit same-store sales growth, even as the broader restaurant industry posted falling traffic and slumping sales. But times have changed. This spring,
New York AG James sues Zelle parent company, alleging it enabled fraud
[ad_1] New York Attorney General Letitia James speaks outside New York Supreme Court in New York City ahead of former President Donald Trump’s civil business fraud trial on October 2, 2023. John Lamparski | AFP | Getty Images New York Attorney General Letitia James sued the operator of the Zelle payments network on Wednesday, alleging it enabled fraud by allowing
BPCL Q1 net profit more than doubles on bumper retail fuel margin
[ad_1] Representational file image. | Photo Credit: Reuters Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reported more than doubling of its first quarter net profit, as marketing margins surged because of holding retail prices despite a drop in input oil cost. Its consolidated net profit of ₹6,839.02 crore in April-June — the first quarter of the 2025-26 fiscal year —
RBI allows transition to continuous clearing of cheques
[ad_1] The Reserve Bank of India (RBI) has decided on the transition of the Cheque Truncation System (CTS) from the current approach of batch processing to continuous clearing with settlement on realisation in two phases. Phase 1 will be implemented on October 4, 2025 and Phase 2 on January 3, 2026, the banking sector regulator said. All banks have been advised
Influencer Sandeepa Virk arrested as ED cracks whip on fake ‘FDA-approved’ beauty products portal
[ad_1] In a crackdown on the illegal sale of beauty products falsely marketed as “FDA-approved”, the Enforcement Directorate (ED) has launched a special investigation following an FIR registered in Punjab. Acting under the Prevention of Money Laundering Act (PMLA), 2002, the financial crime investigation agency conducted searches on August 12 and 13 at multiple locations in Delhi and Mumbai linked
Centre working on multi-Ministry export promotion scheme to counter Trump tariff impact
[ad_1] Representative image | Photo Credit: The Hindu The Indian government is tweaking its earlier plans for an Export Promotion Mission to make it more targeted towards specific sectors in the wake of the increased tariffs imposed by the U.S. on imports from India, The Hindu has learnt. This would entail reducing the cost of credit for medium, small and
Cava (CAVA) Q2 2025 earnings
[ad_1] Cava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter. For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% to 8%. Shares of the company plunged nearly 20% Wednesday. The stock has fallen 40% this year, including the after-hours move. Here’s
MHA Tightens OCI Card Rules: Two years in jail? You could lose your OCI card under new norm
[ad_1] India just made its Overseas Citizen of India (OCI) card rules stricter, impacting Indian-origin foreign nationals who can currently visit the country without a visa. In a gazette notification, the Ministry of Home Affairs said OCI registration can now be cancelled if the cardholder is convicted of a serious criminal offence or formally charge-sheeted in cases involving grave charges.
Delhi Metro Update for Independence Day 2025: DMRC announces train services, timings & route details for August 15
[ad_1] Delhi Metro Timing For Independence Day 2025: The Delhi Metro Rail Corporation (DMRC) announced on Wednesday, August 13, that train services on all lines will begin at 4 AM on Independence Day, August 15. The trains will run at an interval of 30 minutes for 2 hours to facilitate the movement of guests, invitees, and the general public attending the
‘In-principle’ authorisation: Paytm gets RBI nod to operate as online payment aggregator ending onboarding freeze; shares hit 52-week high with 5% surge
[ad_1] Paytm shares surge after RBI authorisation NEW DELHI: Paytm Payments Services has secured approval from the Reserve Bank of India to function as an online payment aggregator, according to a regulatory filing by its parent organisation One 97 Communications on Tuesday.This approval lifts the restrictions placed on Paytm Payments Services Limited (PPSL) regarding new merchant onboarding, which had been
Gold price prediction today: Where are gold rates headed in the near-term? Here’s the outlook
[ad_1] Gold price prediction: Spot Gold could continue to find resistance in the zone of $ 3,385 – 3,410 per oz (CMP USD 3,350/oz) on the higher side. (AI image) Gold price prediction today: Upside in gold rates is expected to be limited with the US-China 90-day trade truce extended and other developments on the Trump trade war front. Maneesh
FDA may pull authorization of Pfizer Covid shot for children under 5
[ad_1] A nurse prepares doses of the Pfizer vaccine during a COVID-19 vaccination event at Josephine’s Southern Cooking in Chatham, Illinois, Dec. 30, 2021. Brian Cassella | Tribune News Service | Getty Images The Food and Drug Administration is considering revoking its authorization of Pfizer‘s Covid-19 vaccine for healthy children under the age of 5, the drugmaker confirmed to CNBC
SpaceX rival AST SpaceMobile soar on report of satellite deployment
[ad_1] Jaque Silva | Lightrocket | Getty Images Satellite designer AST SpaceMobile said it’s preparing to deploy nearly five dozen satellites to power cellular-based broadband networks, a move that establishes the company as a rival to Elon Musk‘s dominant SpaceX. The company, based in Texas, released its second-quarter earnings after the bell on Monday, reporting that its satellites are fully
commercial real estate’s next big tailwind
[ad_1] A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Just as artificial intelligence turned the data
PixxelSpace India-led consortium to establish India’s first commercial earth observation satellite constellation
[ad_1] The Indian National Space Promotion and Authorisation Centre (IN-SPACe) on Tuesday announced the selection of the PixxelSpace India-led consortium to design, build, and operate India’s first fully indigenous commercial earth observation (EO) satellite constellation under the public-private partnership (PPP) model. The Bengaluru-based PixxelSpace India consortium comprises Piersight Space, Satsure Analytics India, and Dhruva Space. IN-SPACe said the selection of
Insolvency and Bankruptcy (IBC) Bill: 7 key amendments that distinguish it from existing law
[ad_1] Amid uproar by the Opposition, Finance Minister Nirmala Sitharaman on Tuesday introduced an amended Insolvency and Bankruptcy Code in the Lok Sabha. Among some of the key amendments to the existing bankruptcy law that are incorporated in the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, include a provision enabling a “creditor-initiated insolvency resolution process” with an out-of-court initiation mechanism
Port restriction on jute from Bangladesh imposed to protect local industries from subsidised products, say officials
[ad_1] The latest order is aimed at further tightening the import of jute and products made from Bangladeshi jute. File | Photo Credit: Reuters A day after India imposed a fresh round of port restrictions on a range of jute products, officials here justified the move as necessary because Bangladesh’s subsidies were “killing” local Indian industries. The items listed in
A close BJP vs BJP contest at the stately Constitution Club of India
[ad_1] Congress Parliamentary Party Chairperson Sonia Gandhi and the party’s President Mallikarjun Kharge arrive to cast their votes during the election for the post of secretary of the Constitution Club of India, in New Delhi, on Tuesday | Photo Credit: PTI The 77-year old Constitution Club of India (CCI) on Delhi’s Rafi Marg is the scene of an enthralling BJP
Mercedes-Benz India targets 5,500 festive sales; industry outlook flat at 12,000 units
[ad_1] Speaking at the launch of the new AMG CLE 53, MD and CEO Santosh Iyer said the festival season this year ends in October, unlike last year when it extended to November. | Photo Credit: Luxury car maker Mercedes-Benz India on Tuesday said it expects to sell 5,000-5,500 vehicles during the September-November period, and the industry is expected to
SC notes ECI’s eagerness to correct ‘mistakes’ in Bihar draft roll
[ad_1] The Supreme Court on Tuesday said “mistakes” may have happened in the preparation of the draft Bihar electoral roll and pointed to Election Commission of India’s willingness to correct them while petitioners reminded the court of its promise to step in if the Special Intensive Revision (SIR) led to “mass exclusion” of electors from the preliminary voters’ list published
LIC sees opportunities in current market volatility
[ad_1] R Doraiswamy, MD & CEO, LIC Life Insurance Corporation of India is taking advantage of the volatility in the stock market and picking stocks that give the best returns to policyholders and investors, a top official said. “We have been looking at the geopolitical tensions and issues from time to time and we continue to be an investor. We stay
ED raids multiple cities in Rs 2,000 crore illegal betting app case linked to parimatch
[ad_1] The probe, launched under the Prevention of Money Laundering Act (PMLA), is based on a 2024 FIR registered by the Cyber Police Station in Mumbai. ED conducted searches at around 15 locations across Mumbai, Delhi-NCR, Hyderabad, Jaipur, Madurai and Surat in connection with an illegal betting application [ad_2] Source link
PSU banks write off loans over ₹5.82 lakh crore in last 5 years: MoS Finance
[ad_1] “Banks write off NPAs, including those in respect of which full provisioning has been made on completion of four years, as per the Reserve Bank of India (RBI) guidelines and policy approved by banks’ Boards,” Minister of State for Finance Pankaj Chaudhary said. File Photo: Sansad TV via ANI Public sector banks (PSBs) have written off bad loans of
Lok Sabha clears Mines Amendment Bill; House adjourned till August 18
[ad_1] The Lok Sabha on Tuesday passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2025 by voice vote, even as Opposition members continued to protest over the Special Intensive Revision (SIR) of the voter list in Bihar. The Bill, moved by Union Minister for Mines G. Kishan Reddy, seeks to overhaul India’s mining framework to promote transparency, boost
78.41 crore applications insured, Rs 1.83 lakh crore claims paid under PMFBY
[ad_1] The Pradhan Mantri Fasal Bima Yojana (PMFBY) has achieved 78.41 crore applications being insured and Rs 1.83 lakh crore claims being paid since its launch in 2016, according to the latest government data. Farmer enrollment rose by 32 per cent from 3.17 crore (2022–23) to 4.19 crore (2024–25) — the highest since launch. Non-loanee farmer applications grew from 20