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BUSINESS

PSU banks offer highest alpha potential over medium term: Report
BUSINESS

PSU banks offer highest alpha potential over medium term: Report

New Delhi, Aug 21 — India’s banking sector offers the most compelling opportunity in equity markets, led by public sector banks, which have the strongest alpha‑generation potential over the medium term, a report said on Friday.The report from OmniScience Capital said the firm remains overweight on…

India, Brazil sign ICT MoU to deepen digital, telecom cooperation
WORLD

India, Brazil sign ICT MoU to deepen digital, telecom cooperation

New Delhi, Aug 21 — India and Brazil have signed a memorandum of understanding to deepen cooperation in telecommunications and information and communications technologies (ICTs) on the sidelines of the BRICS ICT Track Meeting, the Department of Telecommunications said on Friday.The agreement will…

India's private sector output growth rises to 54.6 in Aug: PMI data
BUSINESS

India's private sector output growth rises to 54.6 in Aug: PMI data

New Delhi, Aug 21 — India's private sector activity expanded at a slightly faster pace in August, supported by a rebound in services growth while manufacturing activity continued to expand, according to the HSBC Flash India PMI data released on Friday.According to the data, the HSBC Flash India…

Chip boom: S. Korea to launch 'Future Fund' with windfall revenue
BUSINESS

Chip boom: S. Korea to launch 'Future Fund' with windfall revenue

Seoul, Aug 21 — South Korea will launch the "Future Fund" to promote long-term economic growth, using what the government calls "windfall revenue" from increased tax collection driven by the recent artificial intelligence (AI) boom, the budget ministry said on Friday.The Ministry of Planning and…

Hyundai Motor workers stage full-scale strike over wage disputes
BUSINESS

Hyundai Motor workers stage full-scale strike over wage disputes

Seoul, Aug 21 — The labour union of Hyundai Motor launched a full-day strike on Friday after failing to reach an agreement with management over wages, raising concerns about further production disruptions amid sluggish vehicle sales.It marks the first time in 10 years that the automaker's union has…

Manipal Health Q1 net profit falls 7.7 pc to Rs 231 crore
BUSINESS

Manipal Health Q1 net profit falls 7.7 pc to Rs 231 crore

Mumbai, Aug 20 — Manipal Health Enterprises Limited on Thursday reported a 7.7 per cent year-on-year decline in consolidated net profit to Rs 231 crore for the first quarter of FY27, compared with Rs 250 crore in the corresponding quarter last financial year (Q1 FY26).Despite the decline in profit,…