Washington: A US judge on Monday dismissed criminal charges against the Indian billionaire Gautam Adani after the Justice Department said it had decided to abandon the fraud and bribery case. The Brooklyn-based district judge Nicholas Garaufis’s decision to grant federal prosecutors’ rare attempt to toss the case came after he inquired into their reasons for doing…
New Delhi: Parliament on Monday passed the Taxation and other Laws (Amendment) Bill, with Finance Minister Nirmala Sitharaman making clear that the legislation does not impose any tax on UPI and the digital payment system will remain free for consumers. The Bill, which was passed by the Lok Sabha last week, was returned by the…
In 1973, psychologist Paul Slovic ran an experiment on eight professional horse race handicappers that has become a fixture in behavioural finance research. The design was simple. The implications for anyone who equates more research with better decisions are not. The Setup Slovic worked with men who handicapped races for a living, not casual bettors….
Shrikant Rao Wabtec has just given investors another reason to look closely at the company, with second-quarter 2026 sales rising 17.5 percent to $3.18 billion, adjusted earnings per share increasing 21.6 percent to $2.76 and the multi-year backlog reaching $30.93 billion. Management has also raised its full-year 2026 revenue guidance to $12.30–12.60 billion and adjusted…
Raipur: The Centre has approved the establishment of an Electronics Manufacturing Cluster (EMC 2.0) in Chhattisgarh’s Rajnandgaon district, which is expected to attract investment of more than Rs 3,000 crore and generate nearly 9,000 direct and indirect employment opportunities, officials said on Friday. The approval by the Union Ministry of Electronics and Information Technology (MeitY)…
Four weeks. That is all it took for the world’s best-performing stock market to become a bear market. In June 2026, the KOSPI crossed 9,300 for the first time in its history. South Korea had leapfrogged both India and the UK to become the sixth largest stock market on the planet. Then, within a month,…
Shrikant Rao Quarterly results usually make for predictable reading. Revenue goes up, margins improve, analysts smile, investors nod approvingly – and then everyone waits for the next quarter. But the most recent news out of Irving, Texas – Caterpillar Inc’s latest performance numbers – refuses to fit that script. Crossing the $20 billion mark in…
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said the Centre’s capital expenditure push since Covid has boosted the private sector’s confidence in the Indian economy, encouraging them to take risks and invest. Stating that all countries need to have public debt for managing their finances, Sitharaman said there should be a conscious effort to…
There is a comforting assumption buried in most retail investing narratives: that the market is, at bottom, an intelligence test. Beat it with enough analysis, enough processing power, enough raw cognitive horsepower, and returns should follow. Three case studies, separated by three centuries, dismantle that assumption completely. Two involve certified geniuses. One involves the most…
Mumbai: In an expected move, the Reserve Bank of India on Wednesday kept key interest rates unchanged for the third time in a row this financial year as it weighed the impact of uncertain energy prices and supply disruptions caused by the ongoing West Asia crisis. Announcing the third bi-monthly monetary policy for the current…
