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JSW Cement, the building materials arm of Sajjan Jindal-led JSW

MUMBAI: A sharp increase in provisions pulled down quarterly profit

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Mahindra & Mahindra Ltd (M&M) on Saturday said it has completed the acquisition of a 58.96% controlling stake in commercial vehicle maker SML Isuzu Ltd from Japan’s Sumitomo Corporation and

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

MUMBAI: A sharp increase in provisions pulled down quarterly profit at Federal Bank, India’s sixth-largest private lender, even as asset quality and core earnings improved. Net profit declined 14.6% to

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

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JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Ex Trump Aide Steve Bannon Slams Elon Musk

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New Delhi:

Elon Musk is a “parasitic illegal immigrant”, Steve Bannon, the former White House chief strategist, has said, following the Tesla CEO’s efforts to reduce the size of the federal government and gain more power in the US.

In an interview with British outlet Unherd, Mr Bannon, once a confidant of Mr Trump, said the Tesla CEO wanted “to impose his freak experiences and play-act as God without any respect for the country’s history, values, or traditions.” 

His statement referred to past reports claiming Mr Musk, born in South Africa, may have overstayed his visa while building his companies in the US. The billionaire has rubbished all such claims.

Describing Mr Musk as a “problem to the country,” Mr Bannon also criticised the billionaire’s Department of Government Efficiency (DOGE), calling its efforts just for show. He said President Trump was using the tech tycoon as a powerful weapon to weaken the government system.

Mr Trump appointed Mr Musk as the head of DOGE in November, but the White House said he had no formal authority to make government decisions.

Last month, Mr Bannon, a controversial figure whose influence over Mr Trump has changed over the years, told the Italian newspaper Corriere della Sera that Mr Musk should “go back to South Africa,” questioning why White South Africans should have any say in US affairs. He described them as “the most racist people on earth.”

In January, the former executive chairman of Breitbart News said he would do everything he could to keep the SpaceX CEO out of the White House and was working on a plan to limit his influence over Trump. He claimed Mr Musk’s ideas were part of a global system called “techno-feudalism,” which he described as a movement that valued technology over people and saw everything in digital terms.

Mr Bannon lambasted Mr Musk when the SpaceX CEO criticised Trump’s new “Stargate” project. The project, announced last month, is backed by OpenAI, Oracle, SoftBank, and MGX.

Mr Musk wrote on X that these companies didn’t actually have the $500 billion needed for the investment. He also called the project “fake”.

Mr Musk and Mr Altman have a long-standing disagreement which began when they parted ways on OpenAI, a nonprofit organization they co-founded in 2015. In 2018, Mr Musk ended the partnership and started a direct rival company called xAI, accusing Mr Altman of aborting the nonprofit mission.







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