Business

MUMBAI: State Bank of India (SBI) reported a 10% rise in standalone net profit for the quarter ended Sept 2025, aided by a one-time gain from the sale of its stake in Yes Bank and steady loan growth, even as margins remained under pressure. During the quarter the bank’s total business crossed the Rs 100…

Central banks worldwide increased their gold acquisitions during the third quarter of this year, with a net addition of 220 tonnes. (AI image) Betting big on gold as a reserve asset, central banks around the world have ramped up their gold reserves in the third quarter of the ongoing calendar year 2025. Gold is traditionally…

Railway minister Ashwini Vaishnaw recently said that two rakes of Vande Bharat sleeper trains will be launched together. Vande Bharat sleeper train: Indian Railways is aiming to launch the first Vande Bharat sleeper train in the coming months, but ahead of its launch the Ministry of Railways has highlighted concerns regarding the quality of furnishings…

The vast wealth lying idle in lockers can be put to productive use through this scheme. Someone with 100 grams of gold can earn up to Rs 25,000 a year on the investment. (AI image) Gold has often been derided as a dead investment that neither gives dividends nor earns income for the investor. But…

Asian stocks traded mostly in red on Tuesday as investors weighed Wall Street’s tech rally amid concerns of tech bubble formation in the sector. Traders were also remaining cautious as Fed officials gave mixed signals about the next interest rate move. Japan’s Nikkei traded in red, down 188 points or 0.36% to reach 52,222 at…

Banks across several states will remain closed on Wednesday, November 5, as the country observes Guru Nanak Jayanti and Kartik Purnima. With banking counters shut in multiple regions, many customers are looking for clarity on which states will have bank holidays, especially those planning in-person branch visits or time-sensitive transactions. Banks in which states remain…

CLSA has an outperform rating on Vedanta with the target price at Rs 580. Analysts said that the company’s July-Sept quarter (Q2FY26) earnings before interest, taxes, depreciation and amortisation (EBIDTA) of Rs 11,400 crore was in line with consensus. It guided for higher FY26 EBIDTA, driven by higher commodity prices and operational improvement. Over the…

NEW DELHI: An Air India Boeing 777 (VT-AEH) operating a San Francisco (SFO)-Delhi via Kolkata flight Monday with almost 250 people on board safely diverted to Ulaanbaatar, Mongolia, after pilots suspected a snag. AI is working on getting the 228 passengers and 17 crew members home.“AI 174 of Nov 2 made a precautionary landing at…

OpenAI has signed a $38 billion agreement with Amazon to run its artificial intelligence systems on Amazon Web Services (AWS), gaining access to “hundreds of thousands” of Nvidia’s AI chips through the deal announced Monday, AP reported.The partnership comes just days after OpenAI revised its arrangement with longtime backer Microsoft, which will no longer remain…

DHAKA: Bangladesh will not hesitate to cancel a 2017 power contract with India’s Adani group if any irregularities or corruption are proven, said the Muhammad Yunus-led interim government, referring to an interim report that claimed “massive governance failure” and “massive corruption” across the energy sector.The report was submitted by the national review committee, established to…