Shares of CEAT sharply plunged more than 9% on Friday after the tyre-maker reported a whopping 96% year-on-year (YoY) decline in its consolidated net profit to Rs 4 crore for the April-June quarter of FY27. The shares of the company plunged to Rs 3,471.10 apiece on NSE on Friday. If the stock manages to hold […]
Processing Content Key insight: A long-time Illinois banker has been banned from the industry for approving mortgages based on faulty appraisals. Expert quote: Burns “ignored inconsistencies and irregularities in the appraisals that should have called into question their accuracy.” —Federal Reserve enforcement action. Forward look: The prohibition order against Burns is indefinite and can only […]
Twenty-nine nations formalized the establishment of the World Artificial Intelligence Cooperation Organization (WAICO) on Thursday (July 16), according to Reuters, marking a significant step by Beijing to institutionalize its influence over the global digital economy and the rules governing emerging technologies. Chinese Foreign Minister Wang Yi joined representatives from founding member states—including Russia, Kazakhstan, Pakistan, […]
CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Asian tech stocks tumbled on Friday as a fresh rout in U.S. semiconductor shares spread across Asia, underscoring growing […]
An affiliate of the Roman Catholic Archdiocese of New York just secured construction financing for a housing development at 484 East 178th Street in the Bronx’s Tremont neighborhood. Catholic Homes, a nonprofit dedicated to developing and managing affordable housing for families and seniors, received a $146.9 million construction loan from the New York State Housing […]
Signage for SBI Funds Management Ltd. at a news conference in Mumbai, India, on Thursday, July 9, 2026. Bloomberg | Bloomberg | Getty Images India’s biggest public market offering this year, SBI Fund Management, has garnered bids worth 2.97 trillion rupees ($30.7 billion), underscoring the liquidity available in the market ahead of the much larger […]
Mayor Zohran Mamdani wants to beef up landlord penalties. That’s one of the takeaways from a report released by the administration Thursday based off its “Rental Ripoff” hearings held earlier this year. The administration spoke to 2,400 renters to look for ways to improve their experiences. The 67-page report lays out a plan to tighten […]
The New York City hotels and hospitality sector is among the strongest in the nation, but it still hasn’t recovered to meet its pre-pandemic occupancy and revenue metrics. This is the conclusion drawn by New York State Comptroller Thomas DiNapoli in his annual study of New York City’s hotel industry, which found that while domestic […]
Meridian Capital Group arranged $186,000,000 in construction financing for Lido Oceanfront Residences, a new luxury condominium development located at 1201 Ocean Ave. N. in Asbury Park, NJ, on behalf of Inspired by Somerset Development. The loan was provided by Madison Realty Capital and was arranged by Meridian’s David Bollag and James Darling. Lido Oceanfront Residences will deliver 112 for-sale residences ranging from […]
Existing-home prices just hit a new record high — but there are plenty of newly built homes selling at a discount, as desperate builders cut prices.