LIC HFL Q1 profit rises 5% YoY; disbursements steady, asset quality improves

LIC Housing Finance Ltd posted a 4.4% year-on-year increase in net profit for the June quarter, coming in at ₹1,364 crore compared with ₹1,306 crore a year ago. The company’s revenue from operations rose 7% to ₹7,233 crore, while net

Sensex tanks 586 points on global sell-off

Equity benchmark indices Sensex and Nifty declined sharply for the second straight session on Friday, tracking deep losses in metal, IT and telecom stocks amid trade-related concerns and widespread selling pressure in global markets. Photograph: Danish Siddiqui/Reuters Besides, persistent selling

Oil falls more than $2 a barrel on worries about OPEC supply, US jobs data

HOUSTON -Oil prices fell more than $2 a barrel on Friday morning on jitters about a possible increase in production by OPEC and its allies, while weaker-than-expected U.S. jobs report fed worries about demand. Brent crude futures were down $2.04,

FY26 may be another slow year for IT firms

The information technology (IT) services industry may be headed for another year of sluggish growth. Photograph: PTI Photo from the Rediff Archives Based on the results of the top five IT services companies for the first quarter of 2025-26 (Q1FY26),

White House releases order imposing 25% tariffs on India

The United States announced a 25 per cent tariff on India as the White House released an expansive list of duties that Washington, DC will impose on exports from countries around the world. IMAGE: US President Donald Trump delivers remarks

Fiscal deficit in Q1 at 17.9% of full-year target

The Centre’s fiscal deficit stood at 17.9 per cent of the full-year target at the end of June, according to data released by the Controller General of Accounts (CGA) on Thursday. Illustration: Uttam Ghosh It was at 8.4 per cent