Category: business
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ICICI Bank Q2 2025 Results: Higher-Than-Expected Profit Driven by Lower Provisions
MUMBAI, Oct 18, 2025 — ICICI Bank Ltd. (ICBK.NS), India’s second-largest private lender by market capitalization, reported a stronger-than-expected profit for the quarter ended September 2025, supported by lower provisions against bad loans even as treasury income declined due to volatile bond markets. The Mumbai-based bank posted a standalone net profit of ₹123.59 billion ($1.40…
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IndusInd Bank Reports Net Loss in Q2 2025 After Leadership Transition and Higher Provisions
MUMBAI, Oct 18, 2025 — Indian private lender IndusInd Bank Ltd. (INBK.NS) reported a net loss of ₹4.36 billion ($49.56 million) for the quarter ended September 2025, marking its first quarterly loss under new CEO Rajiv Anand. The results come as the bank strengthens provisions for bad loans and reevaluates its business strategy following a…
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Barcelona Extend Spotify Partnership Until 2034 in Record-Breaking Sponsorship Deal
FC Barcelona have announced a landmark long-term extension of their sponsorship agreement with Spotify, securing the streaming giant’s presence on both the men’s and women’s first team kits through 2030, while maintaining naming rights to the Camp Nou until 2034. The expanded deal, finalized this week, marks one of the most lucrative sponsorship agreements in…
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U.S. Equity Funds Face $4.5 Billion Outflows Amid Profit-Taking and Government Shutdown Fears
U.S. investors pulled money out of equity funds for the first time in three weeks as mounting fears of a potential government shutdown and a wave of profit booking after recent market rallies triggered caution across Wall Street. According to data from LSEG Lipper, U.S. equity funds witnessed net outflows of $4.52 billion during the…
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JPMorgan Says Leveraged ETFs Deepened Wall Street’s Friday Selloff Amid U.S.-China Trade Tensions
The sharp selloff that rattled Wall Street on Friday was exacerbated by leveraged exchange-traded funds (ETFs), according to a new report by JPMorgan’s Americas equities derivatives strategy team.The bank estimated that roughly $26 billion in leveraged ETF-related selling hit U.S. equity markets during the session’s close, intensifying the slide that had already been triggered by…
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U.S. ETF Inflows Surpass $1 Trillion at Record Speed, State Street Says — On Track for $1.4 Trillion in 2025
The U.S. exchange-traded fund (ETF) industry is smashing records in 2025. According to State Street Investment Management, investors have funneled more than $1 trillion into U.S.-based ETFs so far this year — marking the fastest pace of inflows ever recorded. The data suggests total ETF inflows could reach up to $1.4 trillion by year-end, eclipsing…
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Wall Street’s Fear Gauge Climbs as US-China Trade Tensions Shake Markets
New York, October 14, 2025 — Wall Street’s widely tracked measure of market anxiety, the Cboe Volatility Index (VIX), surged to a near five-month high on Tuesday as investors reacted nervously to renewed U.S.-China trade tensions and shifting expectations around Federal Reserve policy. The index, often dubbed Wall Street’s “fear gauge”, briefly spiked to 22.94,…
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RBI’s Liquidity Boost Loses Steam as Forex Interventions Drain Funds, Analysts Warn
Mumbai, October 15, 2025 — The Reserve Bank of India’s (RBI) latest attempt to inject liquidity into the financial system through a phased Cash Reserve Ratio (CRR) cut is yielding less impact than expected. Analysts say that foreign exchange market interventions and maturing forward contracts have offset much of the intended liquidity boost, leaving short-term…
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Norway to Phase Out Electric Vehicle Tax Breaks by 2027 — Tesla and Other Mid-Market EVs to Face Higher Costs
Oslo, October 15, 2025 — The Norwegian government has announced plans to gradually phase out key tax exemptions for electric vehicles (EVs) over the next two years, marking the end of one of the world’s most generous EV incentive programs. The move will impact popular models such as Tesla’s Model Y, Volkswagen’s ID.4, and other…
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Nissan Recalls Over 173,000 U.S. Vehicles Due to Fuel Pump Fuse Defect That May Cause Engine Stalling
Tokyo/Detroit, October 15, 2025 — Japanese automaker Nissan Motor Co., Ltd. (7201.T) has announced a major recall of 173,301 vehicles across the United States over a potential fuel pump fuse defect that could lead to engine stalling while driving, according to a report by the U.S. National Highway Traffic Safety Administration (NHTSA) on Wednesday. The…
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