Global markets crash over AI regulation fears

IANS | November 6, 2026 9:14 AM

New Delhi, Nov 6 (IANS) Asian markets tumbled on Friday as fears of tighter regulation of artificial intelligence (AI) and a potential slowdown in AI-related spending triggered a sharp selloff in technology stocks following heavy losses from Wall Street.

Prestige Estates' Q2 profit slumps 48 pc to Rs 224 crore; revenue falls 15 pc

IANS | November 5, 2026 9:02 PM

Mumbai, Nov 5 (IANS) Prestige Estates Projects Limited on Thursday reported a 47.9 per cent year-on-year (YoY) decline in consolidated net profit to Rs 224 crore for the quarter ended September 2026 (Q2 FY27), compared with Rs 430 crore in the corresponding quarter last financial year (Q2 FY26).

SEBI caps rupee currency derivatives positions at $5 million without underlying exposure

IANS | November 5, 2026 8:38 PM

Mumbai, Nov 5 (IANS) The Securities and Exchange Board of India (SEBI) on Thursday introduced a uniform $5 million limit on outstanding positions in rupee-related currency derivatives that domestic investors and foreign portfolio investors (FPIs) can hold without establishing an underlying exposure, in a move aimed at aligning market regulations with the Reserve Bank of India (RBI)'s revised foreign exchange derivatives framework.

Aditya Birla Fashion's Q2 loss widens 64 pc to Rs 180 crore

IANS | November 5, 2026 8:10 PM

Mumbai, Nov 5 (IANS) Aditya Birla Fashion and Retail Limited (ABFRL) on Thursday reported a consolidated net loss of Rs 180 crore for the quarter ended September 2026 (Q2 FY27), widening 64 per cent from a loss of Rs 110 crore in the corresponding quarter last financial year (Q2 FY26).

Bikaji Foods' Q2 profit falls 11 pc to Rs 71 crore

IANS | November 5, 2026 7:43 PM

Mumbai, Nov 5 (IANS) Bikaji Foods International Limited on Thursday reported an 11.3 per cent year-on-year (YoY) decline in net profit to Rs 70.78 crore for the quarter ended September 2026 (Q2 FY27), compared with Rs 79.77 crore in the corresponding period last financial year (Q2 FY26).