Mumbai: Banking data for the fortnight ended April 15, 2026 showed a sharp contraction in deposits and advances after a surge at the March 31 year-end, highlighting the scale of balance sheet adjustments and exposing the window dressing in the system. Bank deposits fell from Rs 267.8 lakh crore on March 31 to Rs 261.9…
File photo: External Affairs Minister S Jaishankar with Iran Foreign Minister, Seyed Abbas Araghchi, in New Delhi on Thursday. (ANI) New Delhi: External affairs minister S Jaishankar spoke to his Iranian counterpart Seyed Abbas Araghchi Wednesday, and according to the Iranian embassy here, exchanged views on the latest developments related to the US-Iran ceasefire, bilateral…
Chennai: Indian Overseas Bank’s annual net profit crossed Rs 5,000 crore for the first time, with the public sector lender reporting FY26 profits at Rs 5,209 crore, up 56% from Rs 3,335 crore in FY25, driven by higher income and lower provisions and tax expenses. The bank’s operating profit also crossed Rs 10,000 crore for…
Meta (META), the social media giant behind Facebook and Instagram, has started to offer stablecoin payout to creators, signaling a return to crypto-powered payments years after shelving its Libra project. The feature is currently available to a limited group of creators in Colombia and the Philippines, according to a Meta website. Eligible users can link…
Mumbai: RBI has introduced a new ‘calamity chapter’ in its guidelines, creating a dedicated framework for disaster-related relief that separates such measures from general restructuring and tightens eligibility, accounting, and provisioning norms.Unlike in the past when relief measures were handled under broader restructuring frameworks, the new rules establish a distinct Chapter VI-A for natural calamities…
Get ready. Wenesday night is the main event for earnings season, with Alphabet, Amazon, Meta and Microsoft – four of the “Magnificent Seven” — set to report. Options traders are pricing in more than $800 billion of market cap movement after the bell. If options prices are an indication, it will be a more volatile…
New Delhi: The West Asia conflict and weak monsoon pose a downside risk to Indian’s economic growth and may put pressure on inflation, fiscal and external deficits, the finance ministry said in its monthly economic review released on Wednesday.It, however, added that while seeking to sustain economic growth, policy is expected to safeguard medium-term fiscal…
In this image received on Jan. 19, 2026, Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan during an MoU exchange, in New Delhi. (PMO via PTI Photo) New Delhi: India and the UAE are discussing a brief stopover by PM Narendra Modi in the Gulf country during his four-nation Europe…
Mumbai: The rupee fell to a record closing low of 94.85 per dollar on Wednesday, declining by 31 paise from its previous close of 94.54, as rising oil prices, stalled geopolitical developments, and continued foreign outflows weighed on the currency.Pressure on the rupee came amid a broader weakening across Asian currencies, with the Philippine peso…
New Delhi: In good news for patients, Indian Patent Office has refused a patent on MNC firm AbbVie’s blockbuster immunology therapy Rinvoq, paving the way for affordable versions to enter the domestic market. In a recent hearing, the Delhi Patent Office held that the claimed invention was “obvious” and lacked inventive step, a violation of…
