India’s foreign exchange reserves fell by $3.06 billion to $696.67 billion for the week ended July 11, marking the second consecutive weekly decline, according to data released by the Reserve Bank of India (RBI).The forex kitty had previously decreased by $3.049 billion to $699.736 billion in the week ending July 4.For the week ending July…
Stock market: A busy week ahead, marked by major earnings announcements, global market cues, and multiple corporate actions, is expected to steer investor sentiment as markets resume trading on Monday. This follows after Indian benchmark indices ended the week on a weaker note, with the Nifty declining 0.7%, signaling caution among investors ahead of crucial…
US President Donald Trump’s administration on Saturday imposed new restrictions on flights from Mexico. It also warned of ending the long-standing partnership between Delta Air Lines and Aeromexico, in retaliation to limits imposed by the Mexican government on passenger and cargo flights into Mexico City in recent years.“Joe Biden and Pete Buttigieg deliberately allowed Mexico…
Blackstone has pulled out of a consortium aiming to invest in TikTok’s US operations, adding to growing uncertainty around the deal, sources told Reuters on Friday.The investment group, led by Susquehanna International Group and General Atlantic, both existing investors in TikTok’s parent company ByteDance, had been seen as the front-runner to acquire majority control of…
India’s pain relieving market is soaring to almost Rs 16,000 crore, as more and more people are rushing to use over-the-counter (OTC) pills, sprays and creams to soothe everyday aches and pains.According to Nielsen data cited by industry executives, in the past five years, the segment has grown by more than a billion dollars, becoming…
The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) will come into force from October 1, Commerce and Industry Minister Piyush Goyal announced on Saturday. The free trade pact was signed on March 10 this year after nearly 16 years of negotiations.“India-EFTA TEPA to come into effect from…
HDFC Bank on Saturday reported a 1.31% decline in consolidated net profit to Rs 16,258 crore for the June 2025 quarter, down from Rs 16,475 crore in the year-ago period, according to a regulatory filing.On a standalone basis, however, the country’s largest private sector lender posted a net profit of Rs 18,155 crore, compared with…
India’s stock market has slipped to the fourth position among Asia Pacific’s preferred investment destinations, according to the latest Bank of America (BofA) survey cited by The Economic Times. This marks a notable shift from its earlier leadership status, as the benchmark Nifty index remains stuck in a two-month consolidation phase with no clear breakout…
MUMBAI: HDFC Bank and ICICI Bank reported strong earnings growth for the quarter ended June 2025, supported by a rise in both interest and non-interest income. However, both lenders flagged margin pressures and adopted a cautious stance in certain retail segments. HDFC Bank declared a 1:1 bonus issue and an interim dividend of Rs 5…
Union Bank of India on Saturday reported a 12% rise in net profit to Rs 4,116 crore for the April–June quarter of FY26, compared with Rs 3,679 crore in the same period last year.Total income increased to Rs 31,791 crore in Q1 FY26 from Rs 30,874 crore a year ago. Interest income rose to Rs…
