Private banks masking worsening retail asset quality with write-offs: RBI
In the retail loans segment, while asset quality remained largely stable, the report observed a marginal uptick in credit card NPAs across bank groups.
Exclusive | Matt Lauer targeted by PETA for alleged ‘abuse,’ beating of animals by sheep farmers at his $9M New Zealand hideaway in bombshell findings
His property — known as Hunter Valley Station and located about two hours north of Queenstown — includes a “five-bedroom, lakefront homestead” and boasts stunning views of the Southern Alps mountain range, according to a Sotheby’s listing.
Warren Buffett discusses what will happen to his massive fortune after his death and offers advice in surprise message to shareholders
In November, ahead of the holiday season, Berkshire Hathaway CEO Warren Buffett issued an unexpected message to shareholders, wherein he announced updates on what will happen to his massive fortune after his death and offered some advice for others on handling how to pass on their wealth.
Big banks, business groups sue Fed over ‘opaque’ annual stress tests
The lawsuit filed in US District Court in Columbus, Ohio, claims the Fed’s practice of determining how big banks perform against hypothetical economic turmoil, and assigning capital requirements accordingly, do not follow proper administrative procedure.
Narayana Murthy bats for tech, cautions against ‘unsupervised learning’
“It was very easy to be a Leftist and socialist in those days because Jawaharlal Nehru was our Prime Minister and he had embraced Harold Laskian socialism.”
Insurers urge IRDAI crackdown against OEM-linked motor insurance brokers
The General Insurance Council has suggested a range of reforms, including system integration for real-time pricing and policies that ensure customers see all quotes.
Shooting of UnitedHealthcare CEO Brian Thompson is ‘wake-up call’ for US corporate security: report
The killing is a wakeup call for corporate security teams, who say they have noticed an uptick in violent threats against business leaders, especially on social media, according to The Wall Street Journal.
Lilly’s tirzepatide challenges semaglutide in obesity drug market
This head-to-head comparison pits Lilly’s Zepbound (tirzepatide) against Novo Nordisk’s Wegovy (semaglutide) at a time when the obesity drug market is experiencing explosive growth.
Bitcoin tops $100,000 for first time on optimism over Trump crypto plans
“We were trading basically sideways for about seven months, then immediately after November 5, US investors resumed buying hand-over-fist,” said Joe McCann, CEO and founder of Asymmetric, a Miami digital assets hedge fund.
Elon Musk’s $56B Tesla pay package rejected again by Delaware judge
The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors, and cast uncertainty over Musk’s future at the world’s most valuable carmaker.
MG Select set to unveil the world’s fastest roadster, MG Cyberster, in 2025
Speaking on the launch, Gaurav Gupta, chief growth officer of JSW MG Motor India, emphasised the car’s ability to merge the timeless appeal of classic roadsters with the latest in automotive technology.
Telcos call for prompt notification of guidelines to curb spam calls
The draft guidelines had called for mapping responsibility directly to the source of Unsolicited Business Communication (UBC), that is, “users acting in their individual capacities or as agents of entities such as banks, real-estate companies”.
Shares of drone maker Unusual Machines surge more than 100% after Donald Trump Jr. joins advisory board
“I love what Unusual Machines is doing to bring drone manufacturing jobs back to the USA and am excited to take on a bigger role in the movement.”
Billionaire Larry Fink could have Trump’s ear no matter who gets Treasury job
Fink is often associated with the Democratic Party given his support for progressive Environmental Social Governance investing, but he’s close to Trump; he had managed The Donald’s vast fortune in the past and the two still talk.
SEC Chair Gary Gensler — who clashed with Wall Street and crypto industry — to step down
On the enforcement front, Gensler’s SEC broke new ground with a multi-year effort focused on Wall Street’s use of text, WhatsApp and other unauthorized channels to discuss business, levying more than $2 billion in fines against dozens of firms, including JP Morgan and Goldman Sachs.
Exclusive | Amazon shoppers are being duped by manipulated customer reviews as China-based company Vevor rakes in $500M in sales: bombshell whistleblower claims
Shanghai-based Vevor, which sells everything from power tools and toys to camping gear and restaurant equipment, has been systematically creating multiple listings for identical products in a bid to sidestep negative reviews — flouting Amazon’s rules as well as US regulations on consumer protection and unfair competition, rival sellers claim.
AI could create 2.73 million jobs in India by 2028: ServiceNow study
Similarly, implementation consultants are poised to benefit significantly from the integration of GenAI, saving 1.9 hours per week as AI takes over repetitive tasks, allowing them to focus on more strategic projects, the ServiceNow report says.