MUMBAI: Banks will soon price deposit insurance by risk, while depositor protection stays unchanged. From April 1, 2026, RBI will adopt risk-based pricing for deposit insurance, a global norm, without altering coverage or payouts. Until now, all banks paid a flat premium of 12 paise per Rs 100 of deposits, regardless of financial strength. The…
This will open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen. The increase in exports will create lakhs of new job opportunities for our women and youth. As part of this framework, the US will slash reciprocal tariffs on Indian goods to 18%, providing a huge market opportunity in key sectors…
India and the United States on Saturday issued a joint statement outlining the details of the recently announced trade pact, under which tariffs on Indian products entering US will drop from 50% to 18%. The development follows months of negotiations that started back in February 2025. For India, the deal will reduce duties on a…
India-US trade deal: The newly announced trade agreement between India and the United States is expected to strengthen the ‘Make in India’ initiative by creating new opportunities for new youth and businesses. In a joint statement issued on Saturday, the two nations revealed the details of the pact, which will cut tariffs on Indian goods…
MUMBAI: Amid steep rise in gold prices, Indian consumers are going for exchanges-swapping old gold for new and are also advancing their purchases of wedding jewellery to avoid bearing the brunt of even higher rates given gold’s glittering rally amid geopolitical tensions. “Right now, people are concerned about rates spiralling even more although there has…
MUMBAI: Tata Steel’s consolidated profit surged multifold to Rs 2,730 crore in Q3FY26, aided by higher sales volumes despite weak steel prices. Its profit in Q3FY25 was Rs 296 crore. Domestic production volumes increased 11%, while delivery volumes grew 14%, driven by improved capacity utilisation at its Kalinganagar and Jamshedpur plants. Quarterly deliveries crossed six…
NEW DELHI: Govt has received financial bids for the strategic disinvestment of IDBI Bank, signalling progress in the stake sale process of the lender.“They will be evaluated as per the prescribed procedure,” secretary, department of investment and public asset management (Dipam), said on microblogging site X while announcing that bids have been received. He did…
Mumbai: The board of the National Stock Exchange (NSE), the biggest stock exchange in India in terms of turnover and number of trades, on Friday gave its nod for the exchange to go for its long-awaited public offering. The NSE IPO will be an offer-for-sale. Currently, LIC, with a 10% stake in the bourse, is…
Reliance has returned to Venezuelan crude after a pause that began in the middle of last year, as India seeks to diversify its supply and US intervention brings the South American country’s oil back to market.The refining giant has taken one very large crude carrier with a cargo of around 2 million barrels, according to…
US President Donald Trump on Friday signed an executive order revoking the additional 25 per cent tariff imposed on all imports from India over New Delhi’s purchases of Russian oil, the White House said.The move comes days after India and the United States finalised a long-pending trade deal, following nearly a year of trade tensions…