The government on Saturday said the threat posed by a possible El Nino this year is unlikely to cause major damage to agriculture, pointing to stronger irrigation systems, higher reservoir storage and better preparedness than in past drought-linked years.The assurance came after Agriculture Minister Shivraj Singh Chouhan chaired a review meeting ahead of the Kharif…
The National Bank for Financing Infrastructure and Development (NaBFID) has signed a Memorandum of Agreement with Projects Development Company of Rajasthan Limited (PDCOR) to strengthen advisory services for state and city-level infrastructure projects.The agreement will also allow both institutions to jointly explore financing and transaction advisory opportunities, including transaction structuring, commercial and technical due diligence,…
New Delhi: S&P Global has reaffirmed confidence in India’s growth outlook, saying the country continues to be one of the best-performing major economies globally despite ongoing geopolitical uncertainties.Saugata Saha, president of S&P Global Market Intelligence, said India remains a critical hub for the company, supported by a strong talent base, prompting further expansion of its…
Flexible and transparent gold investment options such as digital gold and ETFs are expected to gain traction alongside traditional jewellery buying this Akshaya Tritiya, reflecting changing investor preferences, analysts said.Akshaya Tritiya, considered an auspicious day for gold purchases, will be celebrated on Sunday. Analysts said participation is evolving, with more investors exploring financial products linked…
While India will be the sixth largest economy in FY27, it is likely to overtake both the UK, and Japan to bag the fourth spot in FY28. (AI image) In April 2025 when the International Monetary Fund (IMF) released its World Economic Outlook, India was seen overtaking Japan to become the world’s fourth largest economy…
Mumbai: IDFC First Bank has joined a small club of private lenders offering a unified rail for all major tax payments after going live on the ICEGATE 2.0, completing its coverage across direct tax, GST and now customs duty and moving close to the intersection of banking and trade compliance.The addition fills a gap in…
The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani have jointly requested a US court for more time to file key submissions in a civil securities case, proposing a revised schedule for motions and responses.In a filing before the US District Court for the Eastern District of New York, the…
Mumbai: ICICI Bank reported a net profit of Rs 13,701.7 crore for the quarter ended Mar 31, 2026, up 8.5% from Rs 12,629.6 crore in the year-ago period following an improvement in asset quality. The full-year net profit for FY26 rose 6.2% to Rs 50,146.6 crore from Rs 47,227.0 crore in FY25.Interest income for the…
Mumbai: YES Bank’ reported a net profit of Rs 1,068 crore for the March 2026 quarter, up 44.8% from Rs 738 crore a year earlier, supported by lower credit costs and improved operating performance. For the full year, net profit rose 44.5% to Rs 3,476 crore, while return on assets improved to 0.8% from 0.6%…
Prices of consumer electronics such as air conditioners, refrigerators, washing machines, televisions and smartphones are set to rise again by the end of April, marking the third round of increases in four months amid sustained cost pressures on key inputs.Industry executives, cited by ET, said elevated prices of crude-linked derivatives like plastics, along with a…