The State Bank of India (SBI), the nation’s largest public sector lender, has reported a historic net profit of ₹70,901 crore for the financial year ending March 31, 2025. This marks a 16.08% increase over the previous fiscal’s ₹61,077 crore, establishing the highest-ever annual profit recorded by an Indian bank. ETBFSI.com Operational Excellence and Profitability…
Apple Inc. has agreed to pay $95 million to settle a class-action lawsuit over allegations that its voice assistant, Siri, inadvertently recorded users’ private conversations without their consent. The lawsuit claimed that Apple violated users’ privacy rights by allowing Siri to activate unintentionally and collect sensitive data, which was allegedly used for advertising and product…
In a significant move towards Syria’s economic recovery, Saudi Arabia and Qatar have jointly paid off Syria’s outstanding $15.5 million debt to the World Bank’s International Development Association (IDA). This payment clears the path for Syria to reengage with the World Bank after a 14-year hiatus, enabling access to new loans and technical assistance essential…
Apple has reportedly assured the Indian government of its continued commitment to expanding manufacturing operations in the country, even after former U.S. President Donald Trump publicly urged CEO Tim Cook to avoid shifting production to India. According to CNBC-TV18, the tech giant conveyed to Indian officials that there has been “no change” in its long-term…
In a landmark development on May 13, 2025, U.S. President Donald Trump signed a historic $142 billion arms agreement with Saudi Arabia, marking the largest defense deal in American history. This agreement is a central component of a broader $600 billion investment package aimed at enhancing bilateral ties across defense, technology, and infrastructure sectors.New York…
On May 7, 2025, Mukesh Ambani-led Reliance Industries Limited (RIL) became the first entity to file a trademark application for the term “Operation Sindoor,” a codename associated with recent Indian military strikes in Pakistan. The application was submitted under Class 41 of the Nice Classification, which encompasses media, cultural, educational, and entertainment services. Within the…
On May 8, 2025, the Pakistan Stock Exchange (PSX) experienced a significant disruption as trading was halted for an hour after the benchmark KSE-100 index plummeted by 6.3% during intraday trading. This sharp decline was triggered by escalating geopolitical tensions between Pakistan and India, particularly following reports of drones being shot down over major Pakistani…
Noida, — In a bid to meet the fast-approaching deadlines, Tata Projects has intensified construction work on the Noida International Airport by deploying 2,000 additional workers on site. The decision comes as the company faces a steep penalty of ₹10 lakh per day due to project delays, which have pushed the ambitious infrastructure initiative behind…
May 3, 2025 — Apple Inc. has issued a warning that it could face a financial hit of up to $900 million this quarter if former President Donald Trump’s proposed tariffs on imports from China and other countries are enacted. The announcement comes at a time when the tech giant is already grappling with weakening…
In a significant development that underscores a broader global trend, Vedanta Group Chairman Anil Agarwal has highlighted the growing strategic importance of copper, calling it the “next gold” in the context of the clean energy revolution and rapid technological advancement. Speaking at a recent industry forum, Agarwal emphasized that copper is becoming a critical commodity…