Saturday, September 19
U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans. It was not immediately clear whether Trump was referring specifically to the proposed $44 billion Alaska LNG project. That project would consist of an 800-mile (1,300-km) pipeline carrying gas to a planned liquefaction plant for export. Trump's announcement of the venture came in comments to lawmakers at the White House where he discussed his trade deal with Japan. "We concluded the one deal ... and now we're going to conclude another one because they're forming a joint venture with us at, in Alaska, as you know, for the LNG," Trump told the lawmakers. "They're all set to make that de
Shares of Ideaforge Technology slumped over 7% to Rs 506.2 on the BSE on Wednesday after the drone maker reported disappointing results for the April–June quarter of FY26.The company posted a net loss of Rs 23.5 crore in Q1FY26, compared with a net profit of Rs 1.1 crore in the same period last year. Revenue from operations plunged 85% year-on-year to Rs 12.7 crore, down from Rs 86.2 crore in Q1FY25.This marks the fourth consecutive loss-making quarter for the company.While total expenses fell 53% YoY to Rs 42 crore, the company reported a negative Ebitda of Rs 15.1 crore, compared with a positive EBITDA of Rs 8.5 crore in the year-ago period. However, the Q1FY26 EBITDA loss narrowed sequentially from Rs 17.4 crore in Q4FY25.Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap
In signs that asset quality worries are yet to recede for India's credit card industry, some of the country's largest issuers saw significant drops in their new card additions in June 2025, data released by the Reserve Bank of India (RBI) showed.The overall industry growth slipped into negative territory for the first time since the onset of the Covid-19 pandemic.Credit card spends were also down to a four-month low of ₹1.83 lakh crore while they grew by a little over 5% over June 2024 when spends stood at ₹1.73 lakh crore.122844524 ICICI Bank's total cards in use dropped by about 287,000 over May to 17.9 million at June end. Kotak Mahindra Bank also saw a sharp drop of 286,000 cards, while RBL Bank lost over 47,000 cards and Axis Bank saw a decline of around 6,000."We keep monitoring
