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Nifty’s ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?

Anup Bagchi takes charge as HDFC Bank’s new CEO at a critical juncture, with the lender seeking to revive deposit and loan growth, improve margins and unlock HDFC Ltd merger synergies. With the stock 29% below its peak, investors will closely watch whether Bagchi can restore growth and confidence.

US Midterms: Five Issues Shaping The Vote

A Pew survey found economic issues easily topped voters' worries, while a September Emerson poll put the Iran war, jobs, tariffs, gas prices, immigration and AI regulation among the most important factors in voting decisions.

Asian Games tour diary: Earthquake warnings, getting lost underground and a city too polite to say ‘no’

Middle East oil exports surpass pre-war levels despite tensions, data shows

IRGC commander says oil flows through US-supervised route in Hormuz are ‘negligible’.

OpenAI's Sam Altman Says AI Benefits Warrant Accepting Some Risks

Sam Altman's remarks come amid a growing debate within the AI industry over the pace of development and the risks posed by increasingly capable systems.

How rising US bond yields and dollar recovery is weighing on gold

Gold is facing renewed selling pressure after the US Fed’s rate hike, with higher Treasury yields and a stronger dollar reducing the appeal of the non-yielding asset. The 10-year US Treasury yield climbed towards 5.25%, while the Dollar Index moved above 101, outweighing support from geopolitical uncertainty.

Canada ‘looking forward’ to seal trade deal with India as fifth CEPA round begins

India and Canada are gearing up for the fifth session of negotiations on the Comprehensive Economic Partnership Agreement, which will take place in Ottawa. The objective is to wrap up the trade deal by late 2026, with priority given to collaboration in sectors like energy, critical minerals, aerospace, and artificial…

Schneider Electric in advanced talks to buy US-based software firm PTC for roughly $20 billion: What we know

France-based Schneider Electric is in advanced talks to acquire US software company PTC for nearly $20 billion. The deal would be Schneider’s largest acquisition, strengthening its industrial software portfolio as it expands through acquisitions and benefits from the AI data centre boom.

SoftBank’s Masayoshi Son, after selling Nvidia stake for OpenAI, now has a ‘request’

Masayoshi Son, the visionary behind SoftBank Group, voiced serious worries about the safety challenges posed by AI advancements at a forum in Kyoto. He stressed the urgent need for global collaboration to tackle these risks effectively. Son warned about the catastrophic potential of superintelligence if misused,…

3 years after Oct 7, Israel honours officer whose Hamas attack warning was ignored

An intelligence officer from Israel's Unit 8200 has been acknowledged for issuing multiple warnings regarding the Hamas invasion prior to the catastrophic attack on October 7, 2023. Unfortunately, those alerts went unheeded, which led to a coordinated assault from Gaza, resulting in heavy casualties and numerous…

BOJ says AI boom may have eased financial conditions, warns of market risks

Bank of Japan Deputy Governor Shinichi Uchida said the global AI boom may have eased financial conditions by stoking demand and boosting asset prices, but warned of the risk of a market pullback if expected profits fail to materialize.

Brazil Heads To Run-Off As Bolsonaro Pulls Off Shock 1st Place Before Lula

If Bolsonaro triumphs in the October 25 election, the Latin American powerhouse will join a steady rightward march in the region in recent elections, a trend championed by US President Donald Trump.