Author: V. Alure

Fraudsters are circulating fake messages claiming that customers of State Bank of India can redeem nearly Rs 10,000 worth of reward points by downloading an app. It is a scam, the government said.   Writing on X, PIB Fact Check flagged SMS and WhatsApp messages that ask users to download and install an APK file to redeem “SBI rewards”. The advisory makes it clear that the message is fake and designed to defraud unsuspecting customers.   What does the fake message claim?   The fraudulent message typically reads that the recipient has accumulated SBI NetBanking reward…

Bitcoin fell sharply Tuesday, dropping more than 5% and slipping below the $63,000 mark as investors pulled back from riskier assets. The world’s largest cryptocurrency briefly traded near $62,900 during the sell-off. Analysts tied the decline to rising geopolitical tensions and renewed uncertainty over US trade policy under President Donald Trump. Market strategists described the move as a broad risk reset rather than a crypto-specific shock. Investors have recently rotated out of volatile assets as Washington signaled possible new tariffs and weighed military action involving Iran. The White House has continued deploying military resources to the Middle East, adding to…

Eternal-owned Zomato’s founder, Deepinder Goyal’s aviation startup LAT Aerospace, has acquired a Gurugram-based early-stage defence robotic startup named Sharang Shakti as the company plans to boost its indigenous defence capabilities, according to a social media post on X.Deepinder Goyal, in his recent post, announced LAT Aerospace’s recent acquisition move on Tuesday, 24 February 2026, and said that this move marks the first step towards building indigenous defence capabilities.“LAT Aerospace has acquired Sharang Shakti, an early-stage defence robotics startup based in Gurgaon. This is our first move toward building indigenous defence capabilities alongside our long-term mission of developing next-generation civil aviation…

Wienerberger FY 2025 slides: strong cash flow despite Q4 miss Source link #Wienerberger #slides #strong #cash #flow

The Strategic Case for Centralizing All Company Spend in a Single Platform  Most business owners have been there. Receipts piling up in inboxes, three different tools tracking three different budgets, and a finance team spending half its week just trying to figure out what got purchased last Monday. It’s messy, it’s stressful, and it quietly eats into profit. Pulling all company spend into one platform fixes a lot of that chaos, and the case for doing it goes well beyond tidiness.  Scattered Systems Are Costing More Than They Should  Running purchases through multiple disconnected tools might seem manageable when a…

The NBFC sector in India has been under the spotlight as investors weigh growth potential against rising valuations and emerging competition. According to Viral Shah, from IIFL Capital investors need to be increasingly selective when it comes to NBFCs, especially in comparison to public sector and private banks.“Incrementally over the past couple of quarters, we have been recommending to clients that NBFCs now is the time to be a bit more selective. The reason is primarily three-fold. One is the starting point of valuations—they are close to their long-term averages, or some are trading rich. Rightfully so, it is accompanied…

Getting More Value from AI Procurement Tools AI procurement software helps decision-makers with selecting suppliers and managing them, as well as optimizing overall spend.  Automation can eliminate time-consuming tasks and provide actionable insights to make better overall decisions. Early adoption of tools that use AI to manage procurement can yield immediate gains, such as slashing processing times and uncovering hidden savings opportunities across the supply chain.   Why AI Procurement Software Matters Procurement teams are subject to market volatility, compliance, and the need to make faster decisions.  The reliance on spreadsheets and email in customary processes leads to errors, inefficiencies, and missed deadlines.  AI…

Political expediency in the White House means sacrificing bond investors to achieve electoral success Source link #awardwinning #hedge #fund #manager #betting #era #capital #abundance #capital #scarcity

All five passengers and two crew members were safely rescued and admitted to Dr Rajendra Prasad Hospital, Mayabunder. A relief helicopter from Port Blair assisted in the operation. (A file photo) | Photo Credit: C.V.Subrahmanyam A Pawan Hans helicopter carrying seven people, including the two crew members, crashed into the sea after it took off from Mayabunder in the North and Middle Andaman district on Tuesday morning, and all of them were rescued, officials said.The accident occurred around 9.30 am, they said.All five passengers and the two crew members, rescued from mid-sea, have been admitted to a hospital, one of…

The artificial intelligence (AI)-driven trade, which has dominated the stock markets, especially in the United States (US) could come under the lens this year, Christopher Wood, global head of equity strategy at Jefferies, said on Tuesday.  However for India, the ‘AI story, according to Nilesh Shah, managing director at Kotak Mutual Fund is still unfolding. From a stock market standpoint, so long as this AI CapEx is surging, Indian markets, Wood believes, will continue to underperform.  Speaking at the Business Standard Manthan Summit in New Delhi, Wood said the AI cycle began around three years ago – with…