Its time for private sector to do heavy lifting: HDFC Bank Chairman
[ad_1] Now that the government had done enough investments during and post Covid to revive the economy, is now time for the private sector to do the heavy lifting (to keep the momentum), said Atanu Chakraborty, part- time chairman and independent director of HDFC Bank while speaking at the 31 Annual General Meeting of the Bank on Friday (August 9,
AU Small Finance Bank to shift HQ to Mumbai
[ad_1] MUMBAI: AU Small Finance Bank’s promoters will transfer their shares to a non-operative holding company (NOHC) as part of RBI’s conditions for the lender’s transition into a full-fledged or universal bank. The lender has also decided to shift its corporate headquarters from Jaipur to Mumbai, after receiving in-principle approval from RBI for the upgrade.AU Small Finance Bank’s founder, MD
Sweetgreen cuts outlook for second time in two quarters
[ad_1] People walk past a Sweetgreen restaurant in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares dropped 23% on Friday after the salad chain cut its 2025 outlook for the second quarter in a row, citing issues with its loyalty program, weak consumer sentiment, tariff headwinds and store challenges. For the full-year 2025, Sweetgreen now expects
Bed Bath & Beyond relaunches first store in Nashville
[ad_1] Signage is displayed outside a permanently closed Bed Bath & Beyond retail store in Hawthorne, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Bed Bath & Beyond is back — kind of. The bankrupt home goods chain is being resurrected by the owners and licensees of its intellectual property, which opened the first new
Journalist bodies raise concerns about impact of provisions of DPDP Act
[ad_1] With various sections of the DPDP Act placing restrictions on transfer of personal data, concerns have been expressed about its impact on journalistic work. Journalist bodies and civil rights bodies on Friday raised concerns about certain provisions of the Digital Personal Data Protection (DPDP) Act, 2023 at an open house. The open house was held to seek inputs for
Freshworks, Edunet Foundation launches zero cost tech training programme
[ad_1] Launch of ACT programme by Freshworks | Photo Credit: Supplied Chennai/US IT firm Freshworks has announced the launch of Academy for Careers in Tech (ACT)programme inHyderabad. The 18-month skilling programme aims to empower underserved youth from Telangana and Andhra Pradesh with industry-relevant technology skills. The programme, which will be implemented in partnership with Edunet Foundation, will be hosted at
‘False and fabricated’: Defence Ministry denies reports of India pausing US arms talks
[ad_1] Amid the ongoing turbulence in bilateral relations following the high tariffs imposed by US President Donald Trump, Defence Ministry sources have denied reports that India has paused its plan to buy US arms. Although there has been no official clarification on this sensitive issue but the Defence Ministry sources called these reports “false and fabricated.” “The news reports on
Govt approves ₹42,000 cr spending for LPG under recoveries, extending Ujjwala benefits
[ad_1] To bolster oil marketing companies (OMCs) and shield citizens from high prices in the face of geopolitical upheavals, the Centre on Friday approved a ₹30,000 crore compensation for LPG under recoveries in FY25 and ₹12,000 crore as subsidy to continue providing Ujjwala consumers with affordable liquefied petroleum gas (LPG) cylinders in FY26. The Cabinet on Friday cleared the Oil
Piramal Finance to step up focus on Telangana retail loan market
[ad_1] Telangana now accounts for close to 10% of Piramal Finance’s overall business. | Photo Credit: SANJAY SHARMA Piramal Finance will be expanding its retail portfolio in Telangana further as it crossed ₹5,000 crore mark in loan portfolio in the state. Telangana now accounts for close to 10 per cent of the company’s overall business. The loan portfolio in the
Cabinet okays Rs 30,000 crore as compensation to public sector OMCs for losses in domestic LPG
[ad_1] The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved Rs 30,000 crore compensation to three public sector Oil Marketing Companies (IOCL, BPCL and HPCL) for the under-recoveries incurred on the sale of domestic LPG. The distribution of the compensation within the OMCs will be done by the Ministry of Petroleum and Natural Gas. The compensation will
Cabinet okays Rs 4,200 crore scheme to upgrade technical education in India
[ad_1] The Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday approved the proposal for implementation of the Rs 4,200 crore ‘Multidisciplinary Education and Research Improvement in Technical Education’ (MERITE) Scheme in 275 technical institutions comprising 175 engineering institutions and 100 polytechnics across the country from 2025-26 to 2029-30. Out of the total Rs 4,200 crore outlay, there will
Rahul Gandhi urges Karnataka probe into alleged vote theft
[ad_1] Rahul Gandhi at during the protest rally in Freedom park in Bengaluru Urging the Karnataka government to investigate vote anomalies in the State, Leader of Opposition in the Lok Sabha Rahul Gandhi has urged for an investigation. He said, “Vote theft is an act of crime. You cannot hide, nor hide the data. Karnataka government should investigate this, and necessary
Presiding, polling, and counting officers to get higher pay: ECI revises rates
[ad_1] The Election Commission of India (ECI) has revised the remuneration for presiding officers, polling officers, counting personnel, and other officials involved in the conduct of elections. As per the new rates, a Presiding Officer or Counting Supervisor, who earlier received Rs 350 per day (or part thereof), will now be paid Rs 500 per day or Rs 2,000 as
SBI Q1 profit rises 12% to ₹19,160 cr
[ad_1] The logo of State Bank of India (SBI) is seen on the facade of its headquarters in Mumbai. | Photo Credit: Reuters The country’s biggest lender SBI on Friday (August 8, 2025) posted a 12% increase in standalone net profit at ₹19,160 crore for the first quarter of the current financial year. The bank had earned a net profit
‘Why only target Air India which faced unfortunate tragedy?’ SC junks PIL for safety audit
[ad_1] The Supreme Court on Friday refused to hear a plea to appoint a retired top court judge for examining Air India’s safety practices among other aspects and asked the petitioner why target the airline that witnessed an “unfortunate tragedy”. A bench of Justices Surya Kant and Joymalya Bagchi told the petitioner in-person Narendera Kumar Goswami to withdraw his PIL
Trump tariffs India LIVE: Imposition of additional duty on India ‘national security issue’, says White House trade adviser
[ad_1] Trump’s latest ‘tariff tantrum’ risks years of US-India partnership: U.S. Congressman U.S. President Donald Trump’s latest “tariff tantrum” risks years of careful work to build a stronger U.S.-India partnership, a prominent American Congressman says. Representative Gregory Meeks, a Democrat and Ranking Member of the House Foreign Affairs Committee Dems, says that the U.S. has “deep strategic, economic, and people-to-people
Moody’s warns U.S. tariffs may hurt India’s manufacturing push, slow growth
[ad_1] Image for representational purposes only. U.S. President Donald Trump’s steep 50% tariffs on Indian imports could severely undermine India’s manufacturing ambitions and slow economic growth, Moody’s Ratings said. | Photo Credit: Reuters U.S. President Donald Trump’s steep 50% tariffs on Indian imports could severely undermine India’s manufacturing ambitions and slow economic growth, Moody’s Ratings said on Friday (August 8,
Israel’s Security Cabinet approves plan to take military control of Gaza City
[ad_1] The prime minister also said that Israel wants to take control of Gaza’s security | Photo Credit: EVELYN HOCKSTEIN Israel’s security cabinet has approved a plan by Prime Minister Benjamin Netanyahu to take control of Gaza City as part of a five-point plan to “disarm” Hamas and end the war in the enclave. The decision to take control of
Tesla shuts down Dojo supercomputer team, reassigns workers amid strategic AI shift: Report
[ad_1] Over the past year, Tesla, amid a company-wide restructuring, experienced multiple executive departures and thousands of job cuts [File] | Photo Credit: AP Tesla CEO Elon Musk has ordered to shut down its Dojo supercomputer team, with team leader Peter Bannon departing the company, Bloomberg News reported on Thursday, citing people familiar with the matter. The Dojo supercomputer was
Top stocks to buy today: Stock recommendations for August 8, 2025 – check list
[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Bajaj Broking Research, JSW Energy, and Hindustan Aeronautics (HAL) are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for August 8, 2025:Index View: NIFTYBenchmark indices experienced high volatility with a corrective bias, as investor sentiment turned cautious
Flutter (FLUT) Q2 2025 earnings report
[ad_1] Online sports betting giant Flutter reported second-quarter earnings that beat Wall Street expectations Thursday. The company reported adjusted earnings of $2.95 per share versus an estimated $2.08, according to a survey of analysts by LSEG. Revenue came in slightly higher than expectations at $4.19 billion against consensus expectations of $4.13 billion. Flutter owns the dominant U.S. sportsbook FanDuel, and
Restaurant Brands International (QSR) Q2 2025 earnings
[ad_1] A Burger King restaurant with the slogan ”Flame Grilling Since 1954” is seen in Vienna, Austria, on June 7, 2025. Michael Nguyen | NurPhoto | Getty Images Restaurant Brands International on Thursday reported mixed quarterly results, as same-store sales declines for Popeyes were offset by strong demand internationally and at Tim Hortons. Shares of the company fell more than
Peloton (PTON) earnings Q4 2025
[ad_1] Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty Images Peloton posted a surprise profit for its fiscal fourth quarter on Thursday and outlined its strategy to return to growth under new CEO Peter Stern. Shares gained 6% in early trading. The connected fitness company, known for
Monetary policy: Bank of England trims rate to 4%; signals cautious easing ahead
[ad_1] Bank of England (Picture credit: AP) The Bank of England on Thursday trimmed its key interest rate by 25 basis points to 4 per cent, marking the fifth reduction since August 2024, as it seeks to support Britain’s slowing economy amid concerns over rising US tariffs and domestic tax hikes.The latest cut brings borrowing costs to their lowest level
Autodesk allows local storage option for Indian customers in an attempt to boost data security, recoverability, trust
[ad_1] Kamolika Peres Gupta, Vice President, India and SAARC, Autodesk | Photo Credit: Special arrangement Autodesk on Thursday (August 7, 2025) said its customers in India can now store and manage their data within the country. Until now, there was no local storage option available for the country, and therefore, customer data was stored outside the country. The new arrangement