More than seven decades after gaining independence together in 1947, India and Pakistan have taken sharply divergent economic paths, with one of the starkest contrasts visible in their foreign exchange reserves — a key indicator of financial stability and economic resilience.According to a detailed analysis by The Economic Times (ET), India’s forex reserves currently stand…
India’s imports from Pakistan are set to drop to zero following a newly imposed trade ban by the central government, noted Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI), in a recent statement. “India’s already minuscule imports from Pakistan–barely $ 0.5 million a year–will now drop to zero. No one in India will…
India’s largest public sector lender, State Bank of India (SBI), reported a 10% year-on-year (YoY) drop in net profit for the fourth quarter of FY25. The bank posted a net profit of Rs 18,642.59 crore, compared to Rs 20,698.35 crore in the same period last year.Despite the decline in profit, the bank’s Net Interest Income…
Temu, the Chinese e-commerce giant, has stopped shipping products directly from China to US customers. Instead, all orders will now be fulfilled from warehouses within the United States, a company spokesperson confirmed Friday.The move comes following the closure of a provision that previously permitted Chinese-made products valued up to $800 to enter the United States…
Representative image (Picture credit: ANI) NEW DELHI: The Indian rupee is expected to strengthen against the US dollar in the near term, driven by a combination of improving domestic fundamentals and a supportive global environment, according to a recent report by Bank of Baroda. The report, as per ANI, projects the rupee to trade in…
Oyo Hotels is delaying its plans for an Oct IPO after opposition from SoftBank and a tumultuous turn in the stock market this year. SoftBank has balked at the proposed timing and pressed Oyo to hold off on an IPO until its earnings are stronger, according to people familiar with the matter.This is Oyo’s third…
This is an AI-generated image, used for representational purposes only. NEW DELHI: Private capital expenditure (capex) in India remained weak in the fourth quarter of FY25, even as overall project announcements surged, according to a report by Avendus Spark. While new project announcements across the public and private sectors rose by 22.7 per cent year-on-year…
CHENNAI: Public sector Indian Overseas Bank (IOB) on Friday reported a 30% growth in netprofit at Rs 1,051 crore in the quarter ended Mar 31, 2025, against Rs 808 crore in the corresponding quarter last year. It is the first time that the Chennai-headquartered bank crossed the Rs 1,000-crore mark in net profit during a…
US stocks rose on Friday, putting the S& Index on track for logging the longest winning streak in more than 20 years and making a full recovery from April tariff turbulence as strong jobs data and progress on international trade talks boosted investors’ confidence. The S& rose 1.5% as of 12:30pm in New York. Source…
NEW DELHI: While sounding upbeat about the economy, finance secretary Ajay Seth on Friday underlined the need to ensure fiscal consolidation and remain agile to deal with challenges facing the economy.“India can’t remain fixated. We have to be adept and agile, and as things are evolving, we cannot take things for granted. India is close…
