Sebi on Thursday barred 15 individuals from securities markets for three years and imposed a total penalty of Rs 3.6 crore for manipulating shares of Unison Metals through misleading stock recommendations circulated on telegram channels. In addition, the regulator directed 10 individuals to disgorge an unlawful gain of over Rs 3.87 crore, which is to…
US stock markets declined on Thursday as weakness in technology stocks, led by Alphabet, dragged benchmark indices lower, while bitcoin and precious metals also recorded sharp losses, according to AP.The S&P 500 fell 0.8% and was heading toward its sixth loss in the seven days since setting an all-time high. The Dow Jones Industrial Average…
When India and the United States announced a breakthrough trade agreement this week after months of tense negotiations, tariffs dominated the headlines. But beneath the numbers and celebrations lay another issue that is far more political than commercial – oil — who India buys it from, and who it is expected to buy from in…
Bitcoin slipped below $70,000 on Thursday for the first time since Donald Trump’s election victory in November 2024, as the world’s largest cryptocurrency remained under pressure from a broader pullback in risk assets, AFP reported.The cryptocurrency dropped to as low as $69,821.18 before moving back above the $70,000 level. The decline comes after Bitcoin had…
Bharti Airtel reported a sharp decline in consolidated net profit for the December 2025 quarter, with earnings falling about 55 per cent year-on-year to Rs 6,630.5 crore, mainly due to higher network operating costs, statutory fees and employee expenses.The company had posted a consolidated profit of Rs 14,781.2 crore in the corresponding quarter last year,…
State-run Life Insurance Corporation of India (LIC) reported a 17% year-on-year rise in consolidated net profit at Rs 12,930 crore for the December quarter, compared with Rs 11,008 crore in the same period last year.The country’s largest life insurer reported net premium income of Rs 1.26 lakh crore in Q3FY26, up 17% from Rs 1.07…
India and the six-nation Gulf Cooperation Council (GCC) on Thursday signed the terms of reference (ToR) to formally begin negotiations for a proposed free trade agreement (FTA), in a move aimed at strengthening trade and investment ties between the two regions.The ToR outlines the scope and modalities of the proposed trade pact. Commerce and Industry…
Benchmark indices Sensex and Nifty closed lower on Thursday, breaking a three-session winning streak as weak global market cues weighed on sentiment. After opening on a weak note, the 30-share BSE Sensex extended losses, falling 503.76 points or 0.60 per cent to settle at 83,313.93. During intraday trade, it dropped as much as 666.07 points…
Silver and gold prices saw a sharp reversal on Thursday, snapping a two-day recovery as futures came under heavy selling pressure amid weak global cues and a firm US dollar. On the Multi Commodity Exchange (MCX), silver futures for March delivery plunged by Rs 26,850, or 10%, to settle at Rs 2,42,000 per kilogram. In…
MUMBAI: Most companies reporting their financial results for Q3FY26 are reporting a large one-time provison towards employee benefits attributing it to the new labour code. TOI takes a look at what brought about these changes and how does it affect stakeholders.1. What is the new labour code change that is forcing companies to make one-time…
