India already faces 50% US tariffs, of which 25% penal tariffs are on account of its crude imports from Russia. (AI image) US President Donald Trump’s move to sanction two of Russia’s largest oil firms – Rosneft and Lukoil – may finally force India and China to drastically reduce or even stop their crude oil…
US officials indicated progress in finalizing details of a trade agreement with China, following recent talks in Malaysia. The discussions aimed to de-escalate a costly tariff dispute, with both nations seeking a resolution. This development comes amid heightened tensions and threats of further tariffs. The announcement comes after the latest round of trade talks in…
India is gearing up to transform its electronic waste into a major source of critical minerals, as the ministry of mines intensifies collaboration with private players to build large-scale recycling capacity across the country. The ministry is working closely with private industry to expand the country’s recycling capacity, aiming to fully process electronic waste and…
KVS Manian, MD & CEO, Federal Bank MUMBAI: Federal Bank chief KVS Manian said that the recently-announced capital raise from private equity investor Blackstone will give the lender flexibility to consider acquisitions to support growth, after the board approved a preferential issue of warrants to the US asset manager on Oct 24 in Kochi.The bank…
Life Insurance Corporation (LIC) of India NEW DELHI: The department of financial services (DFS) in the finance ministry and govt’s policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer’s…
Dividend cheque was presented to Union health minister JP Nadda by Dr Anitha Thampi, chairperson of HLL, in the presence of minister of state Anupriya Patel and health secretary Punya Salila Srivastava. Mini-Ratna CPSE HLL Lifecare Limited has paid a record dividend of Rs 69.53 crore to the Government of India for the financial year…
Pakistan’s total public debt reached $286.832 billion (PKR 80.6 trillion) as of June 2025, almost 13 per cent higher than the previous year, according to official data released by the ministry of finance in its Annual Debt Review for FY25. Of this, domestic debt stood at PKR 54.5 trillion while external debt was PKR 26.0…
India is making rapid strides in developing advanced semiconductor chipsets capable of powering high-tech applications such as CCTVs, servers, and high-performance computing, Union minister for electronics and IT Ashwini Vaishnaw said on Saturday. The government plans to invest over Rs 200 crore in energy-efficient microprocessors as part of this initiative.Semiconductors are crucial for modern technology,…
Indian Railways has deployed over 12,075 special trains to manage the festive season rush, particularly around Diwali and Chhath Puja. These services, a 56% increase from last year, aim to ensure safe and timely travel for over 30 lakh passengers, with enhanced amenities at major stations. Indian Railways has launched over 12,075 special trains across…
In a move aimed at simplification, transparency, and improving the Ease of Doing Business, the Central Board of Indirect Taxes and Customs (CBIC) has merged 31 separate Customs Duty notifications into a single, comprehensive document. As per news agency ANI, the consolidated Notification No. 45/2025, dated October 24, 2025, will come into effect on November…
A senior official from the Reserve Bank of India’s monetary policy division has raised allegations of plagiarism against economists at the State Bank of India. In an unprecedented situation, a public spat has emerged on social media between professionals from the Reserve Bank of India (RBI) and the State Bank of India (SBI).A senior official…
With Diwali celebrations just concluding, many are now preparing for Chhath Puja, leaving several customers uncertain about whether banks are open or closed. The month of October has seen a series of festival holidays, ranging from Navratri, Vijayadashmi to Diwali and Lakshmi Pujan. Are banks closed on October 27? Banks in several parts of the…
China and the United States kicked off their latest round of trade talks in Malaysia on Saturday, as the world’s two largest economies attempt to prevent further escalation of a costly tariff dispute. “The Chinese and US delegations convened on Saturday morning for talks on economic and trade issues,” official Xinhua news agency reported, as…
sebi identify iex insider trading Mumbai: Sebi has banned 13 entities from the market for between one and three years, and also put a combined monetary penalty of nearly Rs 1.1 crore for front running trades of three large entities. In Dec 2024, six entities, related to these 13 had settled their case with Sebi…
India’s foreign exchange reserves rose by $4.496 billion, reaching $702.28 billion for the week ending October 17, majorly driven by an increase in the value of gold reserves, the Reserve Bank of India said Friday.Last week, the overall reserves had increased by $2.176 billion to $697.784 billion, reported PTI.Foreign currency assets (FCA), the largest part…
US inflation hits 3% (AP) US inflation remained elevated in September, fueled by a surge in gas prices, even as rent growth slowed, reflecting a mixed picture for consumers in an economy with steady growth but sluggish hiring.According to the labor department report, cited by AP, consumer prices rose 3% from a year earlier—the highest…
Social security benefits to rise 2.8% (AP) The Social Security administration on Friday announced that its benefits will increase by 2.8% in 2026, giving retirees an average monthly boost of more than $56. The rise reflects moderating inflation after several years of higher cost-of-living adjustments (COLA).The increase will take effect in January for nearly 71…
BSE’s stock has staged a strong recovery after weeks of anxiety over regulatory reforms, gaining 15% in a month as concerns over the weekly options expiry rule fade and traders return. The stock jumped nearly 2% to Rs 2,533.70 on Thursday before settling at Rs 2,486.50, raising doubts about the rally’s sustainability.Amid speculation that the…
RIL responds to US, EU sanctions on Russian crude NEW DELHI: Reliance Industries Ltd (RIL) on Friday said it is assessing the impact of the latest sanctions imposed by the United States and the European Union on Russian oil companies.In an official statement, a company spokesperson said RIL will comply with guidelines on the import…
The central bank has added 600 kilograms to its gold reserves this fiscal year. (Representative image) In a strategic shift, India is betting on gold rather than dollar-based assets for its foreign exchange reserves. The Reserve Bank of India (RBI) is showing a preference for gold over dollar-based investments, data suggests. As of October 10,…
