Business

October 30, 2026 9:02 AM

Crypto exchange Binance freezes assets after $6.3 billion security breach

Binance, the world's largest cryptocurrency exchange, said a security breach had resulted in an estimated $6.3 billion impact that analysts said could amount to the biggest crypto heist ever and might make investors rethink the risks of owning digital assets. Binance said it had worked with partner...

October 30, 2026 8:31 AM

Stocks slump, bonds leap as AI giants’ spending spooks investors

Tech shares slumped in Asia on Friday, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns. Shares in Google parent Alphabet fell 12.6% on Wall Stree...

October 29, 2026 4:07 PM

Sensex climbs over 900 points, Nifty tops 22,900 on FMCG, PSU bank rally

Benchmark equity indices traded higher on Thursday, supported by strong buying in FMCG and public sector banking stocks, while broader markets also remained in positive territory. At the closing bell, the Sensex snapped the two-day losing streak and jumped 905.01 points, or 1.24 per cent to end Th...

October 29, 2026 3:12 PM

Microsoft’s cloud growth, cash flow offer respite from AI spending fears

Microsoft on Wednesday delivered a big cash flow beat and forecast strong cloud growth, offering fresh evidence that its hefty AI bets were paying off even as concerns mount over Big Tech’s spending spree. The results underscore a widening financial divide among the industry’s biggest AI spende...

October 28, 2026 4:58 PM

Sensex ends in red on selling in IT stocks, rising crude oil prices

Benchmark stock index Sensex fell by 352 points and Nifty closed below 22,700 on Wednesday, dragged down by selling in IT shares and blue-chip Reliance Industries amid rising crude oil prices and caution ahead of the US Federal Reserve's policy decision. The 30-share BSE Sensex opened lower and tan...

October 28, 2026 4:22 PM

Cabinet approves Rs 10,000-crore scheme to boost container manufacturing

The Union Cabinet on Wednesday approved the Container Manufacturing Promotion Scheme with a budgetary outlay of ₹10,000 crore up to 2039-40. The scheme aims to expand domestic production, reduce import dependence and strengthen maritime and logistics supply chains. Chaired by Prime Minister Naren...

October 28, 2026 4:17 PM

Centre approves 3% dearness allowance hike, effective July 1, 2026

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved an additional 3 per cent instalment of Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners, effective from July 1, 2026. With this increase, DA and DR will rise from the ex...

October 28, 2026 1:10 PM

India, Mexico launch negotiations for Preferential Trade Agreement

India and Mexico have formally launched negotiations for a Preferential Trade Agreement (PTA) with the signing of the Terms of Reference, marking a significant step towards strengthening bilateral trade and investment ties. According to the Ministry of Commerce and Industry, the Terms of Reference ...