[ad_1] Pakistan government on Tuesday sold its national airline, PIA, for Rs 135 billion to a consortium led by Arif Habib investment firm on Tuesday. The sale, organised through a bidding process in Islamabad, marks the largest transaction in Pakistan’s history. It aims to revive the once-prestigious carrier that had been struggling due to years…
[ad_1] The Competition Commission of India on Tuesday approved US-based private equity firm Blackstone’s proposal to acquire up to 9.99 per cent stake in Federal Bank through warrants, clearing the way for the global investor’s entry into the private sector lender.In a release, the fair trade regulator said the proposed transaction involves Asia II Topco…
[ad_1] After nearly four years of underperformance, India’s information technology stocks are entering 2026 with expectations shaped more by realism than hype, as investors assess whether artificial intelligence can finally revive growth after a prolonged slowdown.The Nifty IT index is trading close to a four-year low, a sharp reversal from the pandemic-era boom that once…
[ad_1] US President Donald Trump on Tuesday seized on stronger-than-expected third-quarter growth to claim an “economic golden age,” arguing that tariffs and his tax policies were driving a sharp acceleration in activity even as official data pointed to lingering inflation pressures and a softening labour market.In a post on Truth Social, Trump said the US…
[ad_1] US stocks were largely steady near record levels in early trade on Tuesday after government data showed the American economy expanded at a stronger-than-expected pace in the third quarter, pushing Treasury yields higher even as equity moves stayed muted in holiday-thinned trading. The S&P 500 hovered close to its all-time high set earlier this…
[ad_1] The US economy grew at a faster-than-expected annual rate of 4.3% in the July–September quarter, driven by stronger consumer spending, exports and government outlays, even as inflation remained above the Federal Reserve’s comfort level, according to official data released on Tuesday, AP reported.Gross domestic product (GDP), which measures the total value of goods and…
[ad_1] China has escalated trade tensions with India by launching a dispute at the World Trade Organization (WTO) over New Delhi’s policies covering solar cells, solar modules and information technology goods, seeking formal consultations under the global trade body’s dispute settlement mechanism, Reuters reported.The WTO said on Tuesday that China has requested dispute consultations with…
[ad_1] Indians continued to turn to familiar comfort food in 2025, with biryani retaining its position as the most ordered dish on Swiggy, even as burgers, pizzas and dosas dominated the rest of users’ carts, the food delivery platform said in its annual report, PTI reported.According to the 10th edition of Swiggy’s How India Swiggy’d…
[ad_1] Ambuja Cements has moved to consolidate the Adani Group’s cement assets by approving schemes to merge ACC and Orient Cement into itself, creating a single listed platform aimed at sharper operating leverage and cost synergies.The transaction is entirely share-based, with no cash payout. ACC shareholders will receive 328 Ambuja shares of face value Rs…
[ad_1] Noida International Airport (NIA) has tied up with IT services firm Tech Mahindra to establish and operate an integrated Network and Security Operations Centre (NOC-SOC), placing cybersecurity and digital resilience at the core of the airport’s operations from the outset, PTI reported.Under the partnership, Tech Mahindra will deliver 24×7 monitoring and management of network…