Business

NEW DELHI: The India-EU summit next week will see both sides announcing in an agreement that negotiations for the free trade agreement (FTA) have been successfully concluded, even though the actual signing will take place later. According to diplomatic sources, apart from the FTA, signing of a security and defence partnership to facilitate defence industrial…

BENGALURU: Ola Electric Mobility on Monday said it has appointed Deepak Rastogi as its chief financial officer, effective January 20, after incumbent CFO Harish Abichandani resigned from the role citing personal reasons, according to exchange filings.In a disclosure to stock exchanges, the company said its board approved Rastogi’s appointment at a meeting held on January…

Reserve Bank of India (ANI image) The Reserve Bank of India (RBI) is likely to keep key policy interest rates unchanged at its upcoming monetary policy review scheduled for February 4–6, as inflation has begun to edge up, ratings agency Crisil said on Monday.The Monetary Policy Committee (MPC) had cut the repo rate by 25…

India and the European Union are on the verge of sealing their long-delayed free trade agreement. (AI image) In a historic first, India and the European Union are all set to seal a trade deal that has taken almost two decades to finalize. The scale of the proposed free trade agreement is evident in Commerce…

MUMBAI: Moody’s Ratings said in a report that India’s insurance sector is likely to benefit from Govt moves to recapitalise and merge state-owned non-life insurers, as the measures aim to improve underwriting discipline, ease pricing pressures, and support long-term profitability amid strong economic growth and regulatory change.The report said large state-owned insurers have historically prioritised…

MUMBAI: RBI has revised its priority sector lending norms allowing lending to the National Cooperative Development Corporation to qualify as priority sector loans, with the objective of expanding credit to cooperative societies while tightening compliance and reporting requirements for banks.The revised Master Directions on Priority Sector Lending recognise loans extended by banks to the National…

The Union Budget should prioritise simpler and more predictable tax laws, alongside tax neutrality for cross-border and corporate reorganisations, to strengthen India’s appeal as a long-term destination for foreign direct investment (FDI), tax and economic experts said, reported PTI.They argued that rationalising the tax framework and lowering the cost of capital would complement ongoing reforms…

MUMBAI: Punjab National Bank reported a net profit of Rs 5,100 crore for the quarter ended Dec 2025, up 13.1% from Rs 4,508 crore a year earlier. Sequentially, profit rose 4% from Rs 4,904 crore in the Sep quarter.Profit before tax declined 8.3% year-on-year to Rs 6,331 crore from Rs 6,906 crore, as provisions increased…

Global growth is projected to stay resilient at 3.3% in 2026 and 3.2% in 2027, broadly matching the estimated 3.3% outturn in 2025, according to the latest World Economic Outlook Update released by International Monetary Fund. The forecast noted a slight upward revision for 2026 and no change for 2027 compared with October 2025 projections.Beneath…

MUMBAI: IDBI Bank reported a net profit of Rs 1,935.5 crore for the quarter ended Dec 31, 2025, up 1.4% from Rs 1,908.3 crore a year earlier, aided by provision write-backs and improved asset quality. However, a sharp drop in core net interest income results in shares of the bank falling nearly 6%.Net interest income…