Business

With gold and other assets accounting for a growing share of reserves, India’s strategy echoes steps taken by bigger holders such as China. (AI image) In a big shift for one of the top five largest economies, India’s holdings of US Treasuries have seen a drop, sliding to the lowest level in five years. The…

MUMBAI: IndusInd Bank swung back to profit in the December quarter, reversing a September-quarter loss, but earnings stayed sharply lower year-on-year as the lender shrank its balance sheet and absorbed higher provisions. It posted a net profit of Rs 128 crore for Q3 FY26, against a Rs 437 crore loss in Q2. A year earlier,…

Gold and silver futures powered to fresh lifetime highs on Friday as investors doubled down on safe-haven assets, tracking record international prices amid a weaker US dollar and rising expectations of interest rate cuts by the Federal Reserve.On the Multi Commodity Exchange (MCX), gold for February delivery jumped Rs 2,885, or 1.84 per cent, to…

With India’s foreign exchange reserves rebounding sharply during the week, the country’s overall forex buffer rose by $14.167 billion to $701.36 billion in the week ended January 16, RBI data showed on Friday.The increase follows a relatively modest rise of $392 million in the previous week, when total reserves had edged up to $687.193 billion.While…

Planning a vacation to China? Your journey might not be as smooth! More and more Indians are looking to travel the south Asian country, thanks to rising aviation capacity, competitive hotel rates and social media buzz. However, travel industry executives have warned that this surge might be dampened due to tight visa procedures and longer…

The Union Budget 2026 may maintain the fiscal deficit at 4.4% of GDP in FY27, according to Nuvama, as the economy shows fragile momentum. The government might focus on deregulation and disinvestments to support growth, rather than fiscal expansion, with a continued emphasis on sectors like semiconductors and AI. As the Budget 2026 approaches, the…

Paytm shares fall: The stock price of One97 Communications Ltd, the parent company of payments app Paytm fell almost 10% on Friday, to hit an intraday low of Rs 1,134 on the BSE. With this, the stock has registered a downwarad momentum in four of the last five trading sessions.At 3:17 pm, the stock was…

India was repeatedly cited as a reliable long-term growth anchor during discussions at the World Economic Forum’s annual meeting, amid persistent geopolitical uncertainty clouding the global outlook, the Confederation of Indian Industry said on Friday.Describing the mood at Davos as “cautiously optimistic and strategically focused”, CII director general Chandrajit Banerjee said geopolitical tensions framed the…

The Adani Group has rejected the allegations as unfounded and said it will take all legal steps available to defend its position. Adani Group stocks today: Shares of several Adani Group companies including Adani Green, Adani Enterprises, Adani Energy and Adani Ports have dropped by up to 10% after the US Securities and Exchange Commission…

With the Union Budget 2026 set to be presented on February 1, the healthcare industry body NATHEALTH has urged the government to raise public healthcare spending to over 2.5 per cent of GDP and take urgent steps to address the rising burden of non-communicable diseases (NCDs).In its pre-Budget recommendations, NATHEALTH said the roadmap aims to…