The scope of these sanctions is limited to EU territories, citizens, and organisations. India on its part continues to reject unilateral sanctions imposed by other nations. (AI image) EU’s sanctions on Russia oil have hit an Indian branch of a UAE-based firm. Intershipping Services Hub Private Ltd, an Indian subsidiary of a UAE-based company, has…
While treatment costs in India are low, so are the medical insurance premiums. (AI image) New Delhi: Low medical insurance premiums, affordable treatment costs and high quality healthcare facilities at private hospitals are making NRIs turn to India for medical treatment, according to a report by Policybazaar. The insurance aggregator noted that the share of…
MUMBAI: RBI governor Sanjay Malhotra voiced support for US Fed chief Jerome Powell, who faces growing political pressure in the US, calling central bank autonomy essential. “Maintaining the independence of the central bank is very important,” he said after an event here. Malhotra cited a recent G20 meeting where Powell’s remarks on independence drew rare…
This is a representative AI image (Pic credit: Lexica) NEW DELHI: The India-UK Comprehensive Economic & Trade Agreement (CETA) provides Indian pharma companies access to the procurement programme of the National Health Scheme and other govt agencies, which are estimated to be to the tune of $122 billion.NHS in England alone buys medicines of $25…
This is a representative AI image (Pic credit: Lexica) NEW DELHI: Scotch and British gin makers may have been successful in gaining lower duty access to the Indian market, but domestic players are miffed and allege discrimination against Indian brands when they ship their products to the UK.“The UK and even the European Union do…
Sunjay Kapur’s mother challenges appointment of his wife as Sona Comstar director NEW DELHI: A succession battle has broken out in the family of the late Sunjay Kapur, the promoter of Sona Comstar who died last month following a heart attack during a polo match. Alleging that the death of her son in the UK…
BENGALURU: Bengaluru-based Yali Capital closed its debut deep tech-focused fund at Rs 893 crore, exceeding its original Rs 500 crore target and Rs 310 crore greenshoe option. The Sebi-registered Category II AIF plans to deploy the fund across early-stage and late-stage investments in sectors such as semiconductors, AI, robotics, aerospace, and smart manufacturing. Source link
MUMBAI: Bank of Baroda reported a muted 1.9% rise in net profit for the June quarter, as dip in net interest income and higher provisions offset gains from strong growth in deposits and advances. Net profit stood at Rs 4,541.4 crore in Q1 FY26, up from Rs 4,458.2 crore a year earlier. Source link
MUMBAI: SBI Cards reported a 6.4% decline in net profit to Rs. 556 crore for the June quarter, compared with Rs. 594 crore a year earlier, as higher impairment losses and bad debts offset revenue growth. The provisions rose 22.8% YoY to Rs. 1,352 crore. Source link
