Government-owned banks demonstrated remarkable growth with a 26% increase in profits to Rs 1.83 lakh crore. (AI image) Big turnaround story! Public sector banks led India’s banking sector to record-breaking profits in FY25, with industry earnings rising nearly 14-fold over a decade to Rs 3.71 lakh crore, driven by lending income, treasury gains and reduced…
Asian shares rose and US futures surged after a federal court ruling prevented President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.The court found the 1977 International Emergency Economic Powers Act, which Trump has cited as his basis for ordering massive increases in import duties, does not authorize the use of…
Gold prices have resumed their primary upward trend after a brief consolidation phase. (AI image) Gold and silver price prediction: MCX Gold and MCX Silver have shown considerable fluctuations recently, influenced by global political events and the impact of Donald Trump’s decisions regarding tariffs on market confidence. Despite gold’s conventional status as a secure investment…
Rhee Chang-yong (Photo credit: AP) South Korea’s central bank lowered interest rates on Thursday to support its export-driven economy amid growing pressure from US President Donald Trump’s tariff war. The bank also sharply cut its annual growth forecast, citing rising global uncertainties.The Bank of Korea decreased its key interest rate “from the current 2.75 per…
US President Donald Trump (Pic credit: AP) As Wall Street weathers several waves of tariff threats from US President Donald Trump, a new trading mantra is catching on among investors: TACO, short for Trump Always Chickens Out.Coined by Financial Times commentator Robert Armstrong, the term refers to a market pattern that has emerged during Trump’s…
NEW DELHI: The surge in repatriation or disinvestment by investors was driven by overseas players seeking to cash in on higher valuations in India. They exited through IPOs, stock market sales, and “private arrangements,” with Singtel’s share sale in Bharti Airtel, IndiGo co-founder Rakesh Gangwal’s sale through block deals in IndiGo parent Interglobe, and Hyundai’s…
PayPal Payments Pvt Ltd, the Indian arm of global fintech major PayPal Holdings Inc, has received in-principle approval from the Reserve Bank of India (RBI) to function as a Payment Aggregator for Cross-Border Exports (PA-CB-E), the company announced on Tuesday.The regulatory approval marks a significant development in PayPal’s India operations and reinforces its role in…
The Cabinet Committee on Economic Affairs (CCEA), under Prime Minister Narendra Modi‘s chairmanship, has sanctioned two significant railway multitracking projects in Maharashtra and Madhya Pradesh. These infrastructure developments, estimated at Rs 3,399 crore, are scheduled for completion in 2029-30.The sanctioned initiatives comprise: Ratlam-Nagda 3rd and 4th railway lines Wardha-Balharshah 4th railway line The projects will…
PepsiCo India Holdings Pvt Ltd reported a consolidated profit of Rs 883.39 crore and revenue from operations of Rs 9,096.62 crore for the calendar year 2024, according to a regulatory filing with the Registrar of Companies (RoC).The company’s total consolidated income, which includes other income, stood at Rs 9,268.04 crore for the year. This marks…
India’s industrial production growth decelerated to 2.7% in April 2025, down from 5.2% recorded in the same month a year ago, as the mining, manufacturing, and power sectors showed weaker performance, official data revealed today. The Index of Industrial Production (IIP) for April 2025 showed a notable slowdown after the 5.2% growth in April 2024.According…