Public sector banks (PSBs) are expected to cross the Rs 2 lakh crore combined profit mark in the current financial year, buoyed by strong balance sheets, steady credit expansion and improved asset quality, Financial Services Secretary M Nagaraju said.Speaking to PTI in an interview, Nagaraju said the Indian banking system remains resilient, supported by regulatory…
Garment exporters in Tamil Nadu’s textile hub Tiruppur expect shipments to the United States to double to about Rs 30,000 crore over the next three years following the India-US trade framework, industry representatives told PTI.They also indicated that the sector could generate about 5 lakh additional jobs over the next three to five years as…
Aadhaar custodian UIDAI has completed mandatory biometric updates (MBU) for over one crore school children across 83,000 schools nationwide, according to an official statement.A child below five years can enrol for Aadhaar using photograph, name, date of birth, gender, address and birth certificate. However, fingerprints and iris biometrics are not captured at this stage as…
During much of 2024 and 2025, India was one of the largest purchasers of discounted Russian oil. (AI image) Will India stop buying Russian crude oil? US President Donald Trump has signed an executive order revoking the 25% penal tariffs on India for its imports of crude from Russia. However, the executive order clearly says…
Saudi Arabia Bets Big on Syria: New Airline and $1 Billion Telecom Deal Unveiled On February 7, 2026, Syria and Saudi Arabia signed a series of major economic agreements designed to catalyse reconstruction in war-torn Syria and deepen bilateral cooperation across strategic sectors including aviation, telecommunications and infrastructure. The accords come as Damascus seeks to…
India’s housing market remains strong, with steady growth in both sales volumes and prices, Godrej Properties Executive Chairperson Pirojsha Godrej has said, ruling out any major concerns about demand.In an interview with PTI, Godrej said that the residential market has now stabilised after witnessing unusually rapid growth in the years following the COVID-19 pandemic. He…
The combined market valuation of eight of the country’s top 10 most valued firms surged by Rs 4.55 lakh crore last week, tracking a strong rally in equities, with Reliance Industries emerging as the biggest gainer.The BSE benchmark surged 2,857.46 points, or 3.53 per cent, during the week, according to PTI.From the top-10 pack, Reliance…
India will face no difficulty in purchasing goods worth $500 billion from the United States over the next five years, with Commerce and industry minister Piyush Goyal calling the number “very conservative” given the scale of demand expected from the country’s expanding economy.Speaking to PTI Videos in an interview on Sunday, Goyal said India’s import…
Foreign investors returned to Indian stock markets in the first week of February, investing over Rs 8,100 crore after three months of heavy selling. This is after they sold nearly Rs 62,000 crore worth of shares in the last three months. Improved investor sentiment amid a new trade deal with the US, helped bring them…
The Trump Mobile T1 smartphone, earlier marketed around a “Made in the United States” pitch, will instead be produced largely overseas, with only limited final assembly expected to take place in the US, according to a report by The Verge citing company executives.Trump Mobile executives Don Hendrickson and Eric Thomas told The Verge that the…
