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2 mins read

Banks' gross NPAs at 12-yr low, may fall further to 2.5%: RBI report

Among bank groups, public sector banks (PSBs) recorded a substantial reduction (76 bps) in their GN…

PTI   


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No planned date to return to Earth for two NASA astronauts due to issues with Boeing Starliner spacecraft

The two NASA astronauts were scheduled to return on June 14. However, the pair has no set date to r…

ANI   


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8 mins read

Hindenburg target SEBI chief, she calls charges baseless, Adani says no commercial relationship with SEBI head

Madhabi Puri Buch and her husband Dhaval Buch in a joint statement strongly denied the "baseless al…

PTI   


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3 mins read

In a bid to increase domestic coal output, Centre to auction 60 coal blocks today

In a bid to increase the coal production in India, the Union Minister of Coal and Mines G Kishan Re…

ANI   


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1 min read

Democratic group to air commercial calling on Biden to drop out during his favorite show

The group, Pass the Torch, said that it plans to air the advertisement on "Morning Joe" until Biden…

Alice Tecotzky   


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2 mins read

An ultra-safe corner of the commercial real estate debt market is seeing losses as the sector struggles

Commercial mortgage bonds backed by high-quality properties are showing signs of distress as the ma…

Jennifer Sor   


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3 mins read

A developer is planning a commercial spaceport near Las Vegas that includes a pilot school and STEM academy

Real estate developer Rob Lauer is planning a commercial spaceport near Las Vegas that includes a h…

Lauren Edmonds   


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Indian auto retail sector records 27% YoY growth in April: FADA

The Indian auto retail sector recorded a robust 27 per cent year-on-year (YoY) growth for April 202…

ANI   


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1 min read

Two of RPower's subsidiaries settle ₹1,023-crore debt

, Reliance Power on Wednesday said its two subsidiaries have settled debt worth Rs 1,023 crore with…

PTI   


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1 min read

India slashes windfall tax on crude petroleum

The central government has reduced windfall tax on crude petroleum, according to a government notif…

ANI   


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2 mins read

A first officer fainted during a flight to Lisbon. It's a reminder why commercial airplanes should always have 2 pilots.

An easyJet pilot fainted during a flight from London to Lisbon on Saturday. The incident shows why …

Mikhaila Friel   


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Investors have lined up over $250 billion to scoop up distressed commercial real estate as pain in the sector continues

Private equity has around $256 billion in cash on the sidelines earmarked for properties in North A…

Jennifer Sor   


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3 mins read

AstraZeneca withdraws COVID-19 vaccine worldwide, cites commercial reasons

AstraZeneca has announced that the vaccine was being removed from markets for commercial reasons.

ANI   


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Firm economic growth helped Indian automobile industry post 12.5% sales growth

Backed by robust economic growth and conducive government, the Indian automobile industry has poste…

ANI   


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Bond giant PIMCO sees another wave of bank failures coming as commercial mortgage trouble mounts

A high concentration of commercial real estate loans will cause more banks to fail, Pimco's John Mu…

Filip De Mott   


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D B Realty raises ₹920 cr by selling shares to institutional investors via QIP

D B Realty on Thursday said it has raised Rs 920 crore by selling shares to institutional investors…

PTI   


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Commercial real estate foreclosures have spiked 117% over the past year

The office sector continues to lead the commercial real estate downturn, with delinquency rates for…

Filip De Mott   


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Big banks are more at risk of a commercial real estate meltdown than people think, new study says

Commercial real estate debt could bring greater systemic risk than is currently implied by bank bal…

Filip De Mott   


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1 min read

Flying taxis just got another step closer to reality as $1 billion startup Archer received approval for commercial operations

Archer Aviation has received an order worth $1 billion from United Airlines, and now its eVTOLs are…

Pete Syme   


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Kwan Wei Kevin Tan