InterGlobe Aviation, the parent company of budget carrier IndiGo, posted a 62% year-on-year rise in its consolidated net profit for Q4FY25 at Rs 3,067 crore, compared to Rs 1,895 crore in the same quarter last year.The profit is attributable to the owners of the company.The airline’s board has recommended a dividend of Rs 10 per…
India’s imports of Russian crude oil are set to reach nearly 1.8 million barrels per day in May, the highest in 10 months, according to ship tracking data from Kpler, as domestic refiners ramp up purchases of lighter Russian grades like ESPO Blend.Strong demand from the world’s third-largest oil consumer is expected to continue into…
The Reserve Bank of India (RBI) has issued draft guidelines to streamline and standardize the procedures for issuing gold loans by banks and non-banking financial companies (NBFCs).These proposals aim to bring uniformity in gold loan practices and enhance transparency for borrowers.According to Sahil Kumar Gaba, National Manager-Gold Loan at Ujjivan Small Finance Bank, the RBI…
Inflation in the UK surged to its highest level since January 2024 in April, driven by sharp increases in domestic bills such as energy and water, official data revealed on Wednesday.The Office for National Statistics reported that the consumer prices index rose to 3.5 per cent in the 12 months to April, up from 2.6…
NEW DELHI: The Government of India has introduced the ePassport which is a combined paper and electronic passport featuring an embedded RFID chip and antenna. The chip securely stores the passport holder’s personal and biometric data and is visually identified by a small gold-coloured symbol on the front cover.With this rollout, India joins over 120…
The initiative aims to encourage domestic manufacturers to increase local production capabilities. (AI image) India is implementing stringent product safety standards to restrict the import of compact household appliances and electronic lifestyle products from China. This action follows the recent identification of substandard electronic appliances imported from India’s neighbouring country.The initiative also aims to encourage…
Banks are soon expected to be assigned their own unique national calling number. This number will also have the facility to receive incoming calls to help customers verify and confirm their credibility.According to industry executives cited by ET, discussions are on the way with both the government and the Reserve Bank of India as lenders…
Pakistan plans to secure external commercial financing totalling $4.9 billion for the fiscal year 2025-26. (AI image) Pakistan’s GDP growth has missed the government’s growth target for FY 2024-25, recording only 2.68 per cent growth against the anticipated 3.6 per cent, according to sources from Pakistan’s National Accounts Committee, as reported by ARY News on…
The Sensex reaching 1 lakh within the next 12 months would require several conditions. (AI image) Morgan Stanley sees India’s BSE Sensexhitting 89,000 by June 2026 and views the recent decline in Indian stocks from their September 2024 peak as a buying opportunity. The new target for June 2026 is the global brokerage firm’s base…
South Korea, the fourth largest Asian economy, saw its exports slip 2.4% year-on-year in the first 20 days of May, weighed down by weaker sales to major trade partners including the United States.The Korea Customs Service reported on Wednesday that exports from May 1 to May 20 totalled $32 billion. Though demand for semiconductors remained…
