NEW DELHI: Government on Tuesday said that public sector banks are in good financial health, reporting significant improvement in balance sheets , high levels of profits and bad debt at lowest levels in several decades.“Further, public sector banks have recorded sustained credit growth across different sectors of the economy,” minister of state for finance Pankaj…
State-owned fuel retailers in India are expected to increase purchases of US LPG from 2027. India’s largest refiner, Indian Oil Corporation (IOC), is planning to acquire a 50% stake in very large gas carriers (VLGCs). The move comes amid preparation to step up imports of liquefied petroleum gas (LPG) from the United States, according to…
A screen shows the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Wednesday, July 29, 2026. (AP Photo) South Korea’s benchmark Kospi index plunged 6% on Wednesday, dragged down by a sharp selloff in chipmakers after SK Hynix reported quarterly earnings that, despite surging nearly sixfold from a year…
MUMBAI: Tata Trusts chairman Noel Tata’s three children have become shareholders of Tata Sons for the first time, according to the company’s FY26 documents, after inheriting shares from their grandmother Simone Tata.Leah, Maya and Neville Tata – all of whom work within the Tata Group – now hold two Tata Sons shares each. The stakes…
With IT services stocks having borne the brunt of concerns surrounding artificial intelligence, Jefferies believes the cooling of the AI trade could open the door for a tactical rebound in the sector. Indian IT sector stocks after declining for the most part of this year have been rallying strongly over the last few sessions. They…
Stock market today: Sensex slips 70 points, Nifty ends flat Benchmark equity indices Sensex and Nifty ended little changed on Tuesday as investors remained cautious ahead of key global central bank policy meetings this week and amid broad-based weakness across Asian markets. The 30-share BSE Sensex fell 69.86 points (0.09%) to close at 76,765.92. During…
The spotlight this week is firmly on today’s FOMC policy decision, which is expected to set the tone for gold’s next major move. Gold price prediction today: Both gold and silver prices are expected to be volatile this week ahead of the US Federal Reserve’s policy, says Vedika Narvekar, Research Analyst – Commodities & Currencies,…
The RBI has recently floated a tender to procure material for polymer banknotes. Soon you may be using plastic or polymer currency notes! The government has authorised the Reserve Bank of India (RBI) to print an initial batch of 2 billion polymer banknotes for field trials, the government informed Parliament on Monday.The RBI has recently…
Rupee extended its rally for the fourth consecutive session on Wednesday, gaining 5 paise to trade at 95.77 against the US dollar, supported by a softer dollar and lower crude oil prices.The currency also drew strength from improved sentiment in domestic equities, with foreign institutional investors turning buyers in Indian stocks, forex traders said.At the…
NEW DELHI: Air India’s transformation to a world class airline, following its return to founder Tata Group in 2022, could take up to a decade due to serious headwinds the aviation industry and the Maharaja have encountered in recent years.The earlier assessment of giving the airline a facelift in five years under Vihaan programme has…
