MUMBAI: Delhi high court has ordered the winding up of Paytm Payments Bank, weeks after RBI cancelled its banking licence citing concerns over its operations and management.The court, through orders dated July 8 and July 22, 2026, directed that Paytm Payments Bank be wound up under provisions of the Banking Regulation Act, 1949, read with…
BENGALURU: Premium liquor brands continued to fuel growth at Radico Khaitan, with the spirits maker reporting a 76% year-on-year jump in net profit to Rs 230 crore for the June quarter, helped by robust demand for its high-end portfolio and easing input costs.Net profit stood at Rs 131 crore in the year-ago period.Total income rose…
Bitcoin price falls to a 10-day low amid market pressure. Bitcoin (BTC) dropped more than 2% on Tuesday, falling to just above $63,000 per token, marking its lowest level in about 10 days. The world’s largest cryptocurrency has struggled to regain momentum after months of weakness, with traders watching several factors that could decide its…
Chip and memory stocks saw heavy selling during Tuesday’s opening trading session. Shares of several major companies dropped between 4% and 15% in early trade. The companies that fell included Micron Technology (MU), SK Hynix (SKHY), Advanced Micro Devices (AMD), Intel (INTC), Seagate Technology (STX), Western Digital (WDC), SanDisk (SNDK) and other companies in the…
In January, a headhunter from search firm Spencer Stuart started calling restaurant industry executives with a proposition: Would you come to Cracker Barrel as the next CEO? Rocking chairs are displayed for sale at a Cracker Barrel. The chain just hired a former restaurant executive as its next CEO. Cracker Barrel’s decision to select a…
Coca-Cola reported stronger-than-expected second-quarter earnings and revenue, helped by higher sales during the FIFA World Cup and steady demand for its drinks. The company said sales got a boost during the World Cup because hydration breaks created more opportunities for advertising and increased consumption of beverages. Coca-Cola beats earnings as World Cup sales boost revenue,…
Meta Platforms is facing one of the most serious legal threats of its 22-year history—and it couldn’t come at a worse time for the company as it navigates a tricky and costly transition to the artificial-intelligence era. The Lost Screen Memorial installation honors children whose deaths were linked to social media. In March, the company…
Meta Platforms is counting on Wall Street to pick up the tab for a massive artificial-intelligence spending spree. It picked a time when lenders’ wallets are starting to feel light. Construction is under way on Meta Platforms’ El Paso, Texas, data-center complex. A borrowing binge this year for big tech companies is giving debt investors…
Visa is planning to cut around 2,600 jobs, according to a Bloomberg News report. The layoffs will affect about 7% of the company’s workforce, as citing a staff memo. The company is making the cuts as it looks to become more efficient in a challenging payments industry. Most of the layoffs will happen in Visa’s…
Lofty expectations have placed particular pressure on semiconductor companies and other firms that have been among the biggest beneficiaries of the artificial intelligence boom. US stock market today: Most Wall Street indices traded higher on Tuesday, although semiconductor stocks continued to face heavy selling across global markets. Oil prices also extended their decline after retreating…
