Representative image (Picture credit: AP) Bumble Inc. has announced plans to lay off nearly 30 per cent of its global workforce, affecting 240 employees, in a move aimed at cutting costs and repositioning the online dating firm for long-term growth. The company said it would reinvest savings of around $40 million into product innovation and…
NEW DELHI: A total of Rs 21,534 crore has been disbursed by govt under various production-linked incentive schemes that cover sectors, such as large-scale electronics manufacturing, IT hardware, pharmaceuticals and bulk drugs, telecom and networking products and food processing.PLI schemes are under various stages of implementation across 14 key sectors and have resulted in cumulative…
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Coromandel, Cummins India, and BHEL are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for June 26, 2025:Index View:…
MUMBAI: Stronger indications of an Israel-Iran ceasefire lifted investor sentiment on Dalal Street Wednesday, pushing sensex to over its eight-month high mark. Easing crude oil prices and short covering by speculators who were cutting their losses also helped the rally in the late session, market players said.At close, sensex was at 82,756 points, up 700…
The day’s rally in the market came on the back of strong buying by domestic funds, while foreign portfolio investors (FPIs) continued to be the net sellers. End-of-the-day data on BSE showed that while domestic institutions were net buyers at Rs 2,373 crore, FPIs were net sellers at Rs 2,428 crore. The rally added nearly…
MUMBAI: RBI has extended trading hours for key money market segments to improve liquidity management, enhance price discovery. It also aims to bring Indian markets closer to global standards. From July 1, the call money market will remain open till 7pm, while from Aug 1, market repo and tri-party repo (TREP) trading will close at…
As of March 2025, SBI’s CET-1 stood at 11%. According to industry analysts, this figure ranked amongst the lowest for public sector banks. (AI image) State Bank of India (SBI), the nation’s most valuable public sector enterprise, is nearing the final stages of selecting several merchant banks to secure up to Rs 25,000 crore through…
The Nifty Realty index has surged 8% over the past month—outpacing the Nifty 50’s 1.4% gain—as real estate stocks continue to show resilience despite global market headwinds.Analysts told ET that despite some profit booking after the June 9 peak of 1,049.50, the realty index remains above key short- and long-term moving averages, signalling sustained upward…
NEW DELHI: You may soon be able to use your vehicle’s FASTag to pay traffic challans, parking fee, insurance premium and for EV charging, in addition to highway tolls. With nearly 11 crore FASTags issued by banks, the govt is exploring ways to expand its use as a flexible payment tool.To take this forward and…
US President Donald Trump called Federal Reserve Chair Jerome Powell “terrible” and said he had narrowed down his choice for the next Fed chair to “three or four people,” stoking fresh speculation about an early leadership change at the central bank.“I know within three or four people who I’m going to pick,” Trump told reporters,…
