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President Trump announced the cancellation of a planned summit with Russian President Vladimir Putin, citing a lack of progress in diplomatic efforts and a feeling that the timing was not right. Trump expressed frustration that discussions with Putin, though positive, have not yielded tangible results. This decision coincided with the White House imposing new sanctions on Russian oil exports.
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News and Media
Infosys promoters, including co-founders like Narayan Murthy and Nandan Nilekani, will not participate in the company's Rs 18,000 crore share buyback. This decision will lead to a slight increase in their shareholding percentage and could impact their voting rights. The buyback aims to return surplus funds to shareholders and enhance long-term value by reducing the equity base.
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News and Media
Small finance banks have approached the Reserve Bank of India with key requests. They want the regulator to ease a rule requiring half their loans to be under 25 lakh. They also seek permission to participate in co-lending arrangements. These changes aim to help SFBs expand their reach and serve more businesses, particularly MSMEs.
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News and Media
Netflix shares fell more than 10% on Wednesday, as the streaming giant's outlook for the coming quarter left investors nonplussed despite a strong line-up of shows that includes the final season of "Stranger Things".
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News and Media
Bharti Airtel Group led market cap gains among Indias top 10 business houses in Samvat 2081 with a 24.8% rise, driven by strong telecom profitability. The Bajaj and Mahindra groups followed, while HCL Tech and Tata saw declines.
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News and Media
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