Business

A major outage at Amazon Web Services (AWS) on Monday disrupted global access to numerous online platforms, including Alexa, ChatGPT, Snapchat, Fortnite, and Canva. The issue, traced to AWS’s US-EAST-1 region, caused increased error rates and latency across multiple services.

US President Donald Trump warned India of “massive tariffs” if it continues buying Russian oil, claiming Prime Minister Modi assured him of a halt in purchases. India denies such a commitment, citing energy diversification and market conditions.

The historic Calcutta Stock Exchange, founded in 1908, is set to celebrate its final Kali Puja and Diwali as it prepares to exit the stock exchange business. SEBI approval, land sale, and employee VRS mark the winding-up process.

Silver prices are expected to remain steady around USD 55 per troy ounce through December 2025, driven by global trade instability, investment uncertainty, and rising industrial demand from solar energy, EVs, and AI hardware, says Hindustan Zinc CEO Arun Misra.

HDFC Bank CEO Sashidhar Jagdishan clarified that AI adoption won't cause layoffs, instead shifting staff from backend to customer-facing or tech roles. Despite experimenting with generative AI, the bank sees it as a growth tool, not a job threat

HDFC Bank reported a 10 per cent jump in its consolidated net profit to Rs 19,610.67 crore for Q2 FY26. Standalone profit rose 10.82 per cent, income increased to Rs 91,040 crore, and GNPA ratio improved to 1.24 per cent, reflecting strong financial health

ICICI Bank reported a 3.2 per cent rise in consolidated Q2 net profit to Rs 13,357 crore, driven by growth in core net interest income and advances. Standalone profit increased 5.2 per cent, while GNPA ratio improved to 1.58 per cent

Yes Bank posted an 18.3 per cent rise in Q2 net profit to Rs 654 crore, driven by growth in non-core income. Core NII, deposits, and operational efficiency improved. The bank aims 10 per cent credit growth and plans 80 new branches in FY2

Gold prices touched a record Rs 1,30,874 per 10 grams ahead of Diwali, driven by global trade tensions, rupee depreciation, and strong investor demand. Analysts predict further gains as buyers rush to gold amid market uncertainty and safe-haven appeal.

Gold prices in India hit a record Rs 1,30,874 per 10 grams on Dhanteras amid festive demand and global uncertainties. Analysts expect higher jewellery sales, while trade tensions and safe-haven flows continue to drive the rally.

Mumbai: Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to […]

Jio Platforms reported a 12.8 per cent year-on-year rise in net profit to Rs 7,379 crore for Q2 FY26, driven by higher ARPU and strong uptake of JioAirFiber. Reliance Jio added 8.3 million subscribers, with data usage rising to 38.7 GB per user monthly.

Commerce Minister Piyush Goyal said India now negotiates trade agreements from a position of strength, focusing on balanced partnerships. Robust foreign reserves, low inflation, and renewable energy targets reinforce the country’s growing global economic confidence and investment attractiveness

Gold and silver prices surged to new all-time highs in India on Friday, tracking a global rally and weaker dollar. Robust investor demand, US–China tensions, and rate-cut expectations boosted safe-haven appeal, with gold gaining over Rs 2,000 on MCX.

Hyderabad-based MEIL has bagged a USD 225.5 million project from Kuwait Oil Company to design, build, operate, and maintain a gas sweetening and sulphur recovery facility in West Kuwait, marking a major milestone in its Middle East expansion.

The rupee gained 21 paise to 87.75 against the US dollar on Friday, supported by foreign fund inflows, a softer greenback, and likely RBI intervention. Analysts expect further appreciation as investor sentiment improves and crude prices remain low.

Mumbai’s Sensex and Nifty rebounded after a weak start, supported by foreign fund inflows and hopes of US Fed rate cuts. Gains in select stocks and positive investor sentiment fueled the recovery despite mixed global cues and tech sector laggards

The Nobel-winning work of Mokyr, Aghion and Howitt carries a warning for India — unchecked monopoly power, restricted inquiry, or rising inequality could bring back stagnation

Wipro reported a marginal 1.2 per cent rise in Q2 net profit to Rs 3,246.2 crore, with revenue up 1.7 per cent to Rs 22,697.3 crore. CEO Srini Pallia emphasized strengthening growth in Europe and APMEA and scaling operations with AI-led strategies

Infosys reported a 13.2 per cent rise in Q2 net profit to Rs 7,364 crore, with revenue up 8.6 per cent. The IT firm raised its FY26 growth outlook, declared an interim dividend of Rs 23 per share, and added over 8,000 employees

Pushkaraj Sabharwal and the Federation of Indian Pilots have approached the Supreme Court, seeking a judicially monitored inquiry into the June 12 Air India AI171 crash in Ahmedabad. They allege the AAIB report unfairly blames the pilots

India and Brazil agreed to deepen trade and investment ties across energy, agriculture, technology, and defence sectors. High-level discussions between Commerce Minister Piyush Goyal and Brazilian Vice President Geraldo Alckmin set a USD20 billion trade target over five years

Gold prices have surged over 50 per cent in 2025, hitting USD 4,000, driven by Asian demand, central bank purchases, and safe-haven buying. Slower mine output and strong domestic imports in India and China are fueling the steepest rally since the 1970s

Russian Ambassador Denis Alipov said Moscow’s energy partnership with India aligns with New Delhi’s national interests, describing Russian crude as the most cost-effective option globally. His remarks came after US President Donald Trump claimed Modi assured him of reduced oil imports