ICICI Lombard General Insurance shares came under heavy selling pressure on Thursday after the company reported a sharp decline in its June quarter earnings. The stock dropped as much as 15% during intraday trading, making it one of the biggest losers on Dalal Street as investors reacted negatively to weaker profitability and rising insurance claims....
India’s long-awaited plan to privatise IDBI Bank has moved a step closer, with Canada’s Fairfax Financial Holdings emerging as the leading contender to acquire a controlling stake in the lender. If approved, the transaction could be valued between $5.5 billion and $5.7 billion, making it one of the largest foreign investments ever made in an...
IBM suffered one of the steepest stock market declines in its history after its shares plunged more than 25% in a single trading session, wiping out nearly $70 billion in market value. The dramatic sell-off came after the technology giant lowered its revenue and earnings outlook, raising fresh concerns about how rapidly changing AI investment...