Saudi Aramco announced a third-quarter net profit of $26.9 billion. This figure is slightly lower than last year. Global crude prices impacted earnings. The company’s revenue stood at $111 billion. This performance supports Saudi Arabia’s economic diversification plans. The kingdom’s low production costs are a significant advantage.
A man named Rawal, selected for a Constable job, lost his chance due to judicial custody and a missed 30-day joining deadline. The Punjab and Haryana High Court reinstated his appointment, ruling that rigid adherence to non-statutory instructions shouldn’t deny a deserving candidate a job after clearing a tough selection process.
Norway’s sovereign wealth fund, a major Tesla investor, opposes Elon Musk’s massive pay package. The fund cites concerns over the award’s size and potential dilution. This vote comes ahead of Tesla’s shareholder meeting where the plan is a key point of contention. While some investors support Musk, citing his crucial role, others express reservations about…
Adani Enterprises reported an 84% profit surge, largely due to a one-time stake sale gain. However, core operations saw a profit dip and revenue decline, primarily from its coal business. The company plans a Rs 25,000 crore rights issue for expansion, while its airport and new energy segments showed growth.
IndiGo reported a significant Rs 2,582 crore net loss for the September quarter, a sharp reversal from its previous profit. Despite revenue growth and increased passenger traffic, foreign exchange fluctuations heavily impacted costs like aircraft leases and fuel. The airline’s CEO highlighted a focus on long-term capacity optimization during weaker seasons.
State Bank of India’s Q2 FY26 net profit surged 9.97% to Rs 20,160 crore, surpassing market expectations. The bank achieved significant milestones, crossing Rs 100 trillion in overall business. Advances grew robustly, driven by retail and SME segments, while asset quality continued to strengthen with lower NPAs. Digital channels like YONO played a crucial role…
India’s export diversification strategy is showing early success following a 50% US tariff. Sectors like cotton garments, marine products, and tea are finding new markets in Asia, Europe, and the Middle East, offsetting declines in US shipments. This shift is seen as healthy for India’s export growth.
State Bank of India’s net profit surged 10% to Rs 20,160 crore in Q2 FY26, boosted by a one-time gain from its Yes Bank stake sale. Total business crossed Rs 100 lakh crore. Despite margin pressures, loan growth remained steady, driven by retail, agriculture, and MSME sectors. Asset quality saw significant improvement.
India’s corporate deal market surged in Q3 2025, reaching 999 transactions valued at $44.3 billion, the highest in six quarters. Mergers and acquisitions led the recovery with a significant jump in volume and value, driven by robust domestic activity and increased cross-border engagement. Private equity also saw larger deal sizes, indicating growing investor confidence.
India’s wealthiest 1% saw their wealth surge by 62% between 2000 and 2023, a stark indicator of escalating global inequality. A G20-commissioned report by Nobel laureate Joseph Stiglitz warns that extreme inequality, now at “emergency” levels, threatens democracy, economic stability, and climate progress.
