Mumbai: An RBI-directed reclassification of the bank’s agri loan portfolio led to ICICI Bank reporting a 4% year-on-year decline in net profit to Rs 11,318 crore for the quarter ended Dec 2025. The bank’s board also reappointed Sandeep Bakhshi for a further two years starting Oct 2026, 19 months before he turns 70 – the…
Financial Services Secretary M Nagaraju has asked the Life Insurance Corporation of India (LIC) to sustain its push on digital marketing and a mobile-first strategy to help achieve the national objective of “insurance for all”.Speaking at LIC’s strategy meet in Mumbai, Nagaraju said the insurer’s expanding digital outreach would be critical to widening coverage and…
India needs a comprehensive overhaul of its import tariff structure and customs administration to reduce trade costs, improve manufacturing competitiveness and revive export growth, think tank Global Trade Research Initiative (GTRI) said on Saturday, PTI reported. In a report titled A Blueprint for Modernizing India’s Import Tariffs and Customs Regime, GTRI recommended a gradual move…
Google has filed a notice to appeal a US federal court ruling that held it guilty of maintaining an illegal monopoly in online search, according to court records, AFP reported.A US district judge had ruled in 2024 that the internet major monopolised search and text advertising by using exclusive distribution agreements that made it the…
The European Union and the Mercosur on Saturday formally signed a long-awaited free trade agreement, closing more than 25 years of negotiations and creating one of the world’s largest integrated trading zones.The agreement was signed in Asunción, marking a significant geopolitical win for the EU at a time of intensifying global trade frictions, rising tariffs…
NEW DELHI: The Budget is not just an economic document or an annual statement of accounts of the central government – it’s the road map that sets the tone and direction of economic reforms and growth. It also signals policy direction to citizens, businesses and investors, shaping confidence and long-term economic outcomes. Over the last…
Canadian Prime Minister Mark Carney has announced a new trade agreement with China.Carney said that the deal would open markets for Canadian businesses and workers. ‘China Superpower, Reliable’: Carney DUMPS Trump For Xi, Then Gives TARIFF SHOCK To U.S. In a post on social media platform X, Carney said, “We’ve secured a new trade agreement…
India’s merchandise exports are likely to face intensifying pressure in the coming months as uncertainty over the proposed US-India trade deal persists and concerns grow over possible additional US levies linked to India’s crude oil purchases from Russia, ratings firm CRISIL said.In its latest assessment, CRISIL warned that near-term stress could emerge in select agri-export…
Two Republican lawmakers have urged US President Donald Trump to press for better access for American pulse crop producers in the Indian market as part of ongoing trade negotiations between Washington and New Delhi.In a letter dated January 16, Senators Steve Daines of Montana and Kevin Cramer of North Dakota called on Trump to include…
China has pushed its holdings of US government debt down to their lowest level in nearly two decades, underscoring a steady recalibration of its foreign exchange reserves away from dollar assets and towards gold and overseas investments amid strained ties with Washington, PTI reported.Data released by the US Department of the Treasury shows that China’s…