News Digest
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Sanjay Agarwal: AU Bank scaled tenfold despite COVID, rate shocks, NBFC crisis
Sanjay Agarwal credits AU Small Finance Bank’s tenfold growth to disciplined risk management, tech adoption, and mentorship from Raamdeo Agrawal, aiming for long-term institutional success.
Wall Street expects strong fourth-quarter earnings driven by robust US economy
Global brokerages expect Corporate America to deliver a strong fourth-quarter earnings season, driven by a broadening of profit growth across industries as the U.S. economy remains resilient.
X Back Online After Another Outage
Social media platform X suffered yet another outage today, with thousands of users across the globe facing issues in accessing…
Wall Street CEOs back Fed independence as Trump administration probes Powell
CEOs from top Wall Street banks JPMorgan Chase and BNY voiced support for the independence of the U.S. Federal Reserve on Tuesday, days after the Trump administration opened a criminal investigation into Fed Chair Jerome Powell.
Bengaluru-based cybersecurity firm CloudSEK gets $10M in funding from US state-backed fund
CloudSEK received $10 million funding from Connecticut Innovations, the venture capital arm of the State of Connecticut.
How a home kitchen grew into a steady food business in Barabanki
Sarvagya Srivastava started a small food operation in Barabanki district during a financially difficult period for his family.
US senators introduce long-awaited bill to define crypto market rules
U.S. senators late Monday night unveiled draft legislation that would create a regulatory framework for cryptocurrency which, if signed into law, would clarify financial regulators' jurisdiction over the burgeoning sector, potentially boosting digital asset adoption.
S&P 500, Nasdaq steady after mixed results from JPMorgan, Delta Air
US markets opened steady on Tuesday. Inflation data supported expectations of interest rate cuts this year. Investors reviewed mixed quarterly results from JPMorgan and Delta Air Lines. Small-cap stocks saw renewed interest, driven by artificial intelligence optimism and strong earnings forecasts. The energy sector also gained as oil prices surged.
ICICI Lombard posts lower quarterly profit as commissions, employee costs rise
India's ICICI Lombard General Insurance reported a decline in third-quarter profit on Tuesday, as higher payouts to agents and employees outweighed strong demand in retail health and motor insurance.
Liquidnitro raises $19.1M in Series A led by Northpoint Capital
Liquidnitro Games will utilise this funding towards product development, market expansion and hiring.
Uday Kotak’s USK Capital picks majority stake in US seed-snack brand Go Raw
The financial terms of the deal were not disclosed. Based in the Chicago area, Go Raw positions itself as a “better-for-you” snacking brand focused on seed-based products. 
US sanctions on Iran to have minimal impact on India, say govt sources - here’s why
India anticipates minimal impact from US tariffs on Iran trade, with government sources highlighting limited exposure. Exporters confirm compliance with US norms for humanitarian trade, primarily food and pharmaceuticals, suggesting no adverse effects. However, currency depreciation poses a greater concern for Indian businesses.
Budget 2026: Will old income tax regime be discontinued leaving new regime as the only option?
Budget 2026 income tax expectations: Will the old income tax regime be eventually phased out by the government? With increasing push for the new income tax regime, and higher adoption, we ask experts if the old regime be discontinued:
Tata Elxsi Q3 profit falls 45% on one-time labour code charge
Indian engineering research and development (ER&D) firm Tata Elxsi reported a 45.3% drop in third-quarter profit on Tuesday, primarily due to a one-time charge tied to the country's new labour codes.
Mark Zuckerberg-led Meta, WhatsApp move Supreme Court against CCI ruling
Meta and WhatsApp have approached the Supreme Court to challenge the CCI order accusing them of abusing dominant position, upholding ₹213 crore penalty and data-sharing restrictions.
Uday Kotak family office USK Capital acquires majority stake in US healthy-snacking brand Go Raw
USK Capital, the family office of Uday Kotak, has acquired a majority stake in US-based seed-centric snacking brand Go Raw, marking its first overseas and consumer sector investment.
Raids, Arrests And Crisis: The Unravelling Of WinZO
2025 has been nothing short of a judgement year for India’s real-money gaming (RMG) industry. With sweeping regulatory changes coming…
ICICI Lombard Q3 Results | Net profit falls 9% as combined ratio worsens to 105%
ICICI Lombard reported a 9% year-on-year decline in Q3 net profit to ₹659 crore as a higher combined ratio offset double-digit growth in total income and net premium earned. Net income increased 12%.
On the quest for ‘consistency’: How a kabaddi player became a fitness entrepreneur
On the quest for ‘consistency’: How a kabaddi player became a fitness entrepreneur Chetan Kumar Shukla did not chase visibility he choose
US tariff on Iran trade partners unlikely to impact India: Govt
India’s trade with Iran accounts for just 0.15% of total trade, government sources say, with trade value expected to subside further.
CarDekho-Backed Carrum Secures $7 Mn From Uber
Fleet management startup Carrum has raised $7 Mn (about INR 63 Cr) in its Series A round led by global…
Precious metals surge: Silver jumps Rs 6,000 to lifetime high; gold hits fresh record
Silver prices have reached an unprecedented Rs 2,71,000 per kilogram in Delhi, while gold hit a new high of Rs 1,45,000 per 10 grams. This surge, driven by safe-haven demand amidst global geopolitical tensions, marks significant gains for both precious metals. Investors are now keenly awaiting US inflation data for future market direction.
Rs 1071 crore IPO gets Rs 1.1 lakh crore bids: Bharat Coking Coal creates history with 90 lakh applications
Bharat Coking Coal’s IPO drew record-breaking demand, with subscriptions nearing 147 times amid volatile markets, driven by scarcity value, strategic importance to steelmaking, reasonable valuation and confidence in its dominant, monopoly-like position.
Bengaluru-based CloudSEK becomes first Indian cybersecurity firm to get investment from a US state fund
CloudSEK, a Bengaluru-based cybersecurity firm, has raised $10 million from Connecticut Innovations, marking a historic milestone as the first Indian-origin company to secure investment from a US state-backed fund. market.