CEO of Citadel Ken Griffin is interviewed Chairman of the Milken Institute Michael Milken (not pictured) during the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 7, 2025. Mike Blake | Reuters Ken Griffin’s Citadel posted positive returns across its various hedge fund strategies in the first half of 2026, led by…
Avenue Supermarts Ltd, which operates the DMart retail chain, on Thursday (July 2) reported its business update for April-June 2026. The retailer reported a 15.1% year-on-year rise in standalone revenue from operations for the quarter ended June 30, 2026. The company’s standalone revenue from operations for the first quarter of FY2026-27 stood at ₹18,343.49 crore,…
MUMBAI: Bank of Baroda has agreed to pay $600 million (about Rs 5,700 crore) to the administrators of the collapsed West Asian healthcare group NMC Health in an out-of-court settlement that brings to a close years of cross-border insolvency and fraud-related litigation, with both sides making no admission of liability and courts in Abu Dhabi…
NEW DELHI: Faced with a pile of cases under the Foreign Exchange Management Act (Fema) and eager to avoid prolonged legal battles, the Enforcement Directorate is settling for large-scale compounding of offences and termination of adjudication proceedings after obtaining the Reserve Bank of India‘s approval.In the last 15 months, more than 150 Fema cases have…
MUMBAI: If you think the AI boom will only make MacBooks and iPads more expensive, you are wrong. You probably do not realise it, but a host of products you use every day have memory chips in them-this is because devices are getting ‘smart’ which means they require more memory to process data and run…
Broadband technology firm Sterlite Technologies Ltd (STL) on Thursday (July 2) said it has raised ₹1,500 crore through a qualified institutions placement (QIP), with participation from domestic and global investors. The company said it allotted 2.57 crore equity shares to qualified institutional buyers, taking its paid-up equity share capital to ₹102.78 crore, comprising 51.39 crore…
NEW DELHI: In the biggest overhaul of the Drugs (Prices Control) Order (DPCO), 2013 in years, Centre has significantly narrowed drugmakers’ liability in overcharging cases, while introducing a host of long-pending changes sought by the pharma industry. The amendments, notified on June 30 and effective immediately, ease compliance for pharma companies, simplify pricing approvals for…
NEW DELHI: Seeking to allay public fears over ethanol-blended fuel, petroleum minister Hardeep Singh Puri Thursday said a “make-believe” narrative had been unleashed on social media over the past few days.Addressing a press conference, the minister said the reduction in mileage of an E20-fuelled vehicle is “minor”. “It is well established that when you have…
First lady Melania Trump’s documentary flops Melania Trump earned more than $10 million from the Amazon documentary about her, even as the film struggled at the box office, according to newly released financial disclosures.The first lady made $10.71 million from the Amazon MGM-produced documentary that carries her name, US President Donald Trump’s latest annual financial…
Mumbai: Visibly annoyed, Cristiano Ronaldo looked up. It was taking Moroccan referee Jalal Jayed quite a while to set up the wall after Portugal were awarded a free kick from a position of promise, against Uzbekistan. Cristiano Ronaldo (AFP) Finally, the clearance came from the official, and Ronaldo went through his usual process. There was…
