As per latest IMF projections, India is expected to become the third largest economy after the US and China by 2031. India may have slipped to the sixth spot in the list of the world’s largest economies, but its GDP growth continues to defy estimates by both domestic and global institutions. At 7% plus, India…
ICICI Bank reported higher profits for the September quarter, driven by strong loan growth, higher net interest income and lower provisions NEW DELHI: ICICI Bank on Saturday reported a 20.1 per cent year-on-year increase in standalone net profit to Rs 14,843 crore for the second quarter of the financial year 2026-27, supported by strong loan…
Kaizad Bharucha to step down December 31 HDFC Bank Deputy Managing Director Kaizad Bharucha has resigned from the country’s largest private sector lender, with his exit scheduled for December 31, the bank said in an exchange filing on Saturday.Bharucha, who joined the bank in 1995, had requested cessation from service with effect from December 31,…
Earning and simply investing money are not enough without understanding how to manage it wisely. NEW DELHI: “Understand before you invest.” Many must have received a message from the Securities and Exchange Board of India (Sebi) through its awareness initiative, “Samajh Se Investing Simple”.But how much do you really need to know about money and…
Bull market may regain momentum Global markets could see risk assets regain momentum as strong economic growth, rising corporate earnings and AI-led productivity support returns despite higher bond yields, according to a Morgan Stanley report.The firm now favours global stocks over bonds, saying rising bond yields reflect a strong economy rather than a worsening economic…
Starlink says it is ready to bring high-speed internet to India, after Reliance welcomed competition in satellite communications amid Elon Musk’s allegations of obstruction. NEW DELHI: Starlink has said it is ready to connect India with high-speed internet, responding to Reliance Industries’ statement that it welcomes competition in satellite communications, provided all players follow Indian…
Trump announced the waiver just days before several provisions of the legislation were due to take effect. In what is being seen as a big relief for India and China, US President Donald Trump has waived sanctions, restrictions and duties provided for under the Sanctioning Russia and Iran Act, citing the national interest of the…
He oversaw the turnaround, which included govt pumping in around Rs 25,000 crore between 2010 and 2020, as well insolvency law-driven clean-up NEW DELHI: Rakesh Sharma, the low-profile managing director and CEO of IDBI Bank, who will lead the transition at the once formidable development financial institution, will go down as one of the longest…
At Reliance, we have never feared competition, the company said New Delhi: Ahead of its Rs 30,213-crore Jio IPO, Mukesh Ambani’s Reliance Industries has rebutted Elon Musk’s tirade on X and said it welcomed competition.Last Wednesday, Musk had accused “certain oligarchs” of “blocking” Starlink’s entry into India before naming Ambani over the next two days…
The US Department of Energy has invited bids for an exchange of up to 17 million barrels as Washington seeks to ease pressure on oil supplies amid the Iran war. The United States is preparing to offer up to 17 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) as Washington steps up…
