ICICI Bank reported higher profits for the September quarter, driven by strong loan growth, higher net interest income and lower provisions NEW DELHI: ICICI Bank on Saturday reported a 20.1 per cent year-on-year increase in standalone net profit to Rs 14,843 crore for the second quarter of the financial year 2026-27, supported by strong loan…
For now, it’s a temporary waiver and not a long-lasting relief (Representative image) US President Donald Trump’s decision to waive additional tariffs of up to 100 per cent on major buyers of Russian oil has provided temporary relief to India, but the pressure remains as the possibility of Washington restoring the duties is still there…
If a taxpayer is not told which specific legal provision forms the basis of the proposed penalty, the subsequent penalty proceedings are vitiated. (Image for representative purpose only) You don’t file your income tax return (ITR) and declare your income only when the Income Tax Department sends you a notice. You face a 200% penalty…
As per latest IMF projections, India is expected to become the third largest economy after the US and China by 2031. India may have slipped to the sixth spot in the list of the world’s largest economies, but its GDP growth continues to defy estimates by both domestic and global institutions. At 7% plus, India…
She, however, insisted that dialogue is the best way to address these issues NEW DELHI: Finance minister Nirmala Sitharaman Friday flagged her concerns over the large — and exponentially growing — trade imbalance with China and said Beijing has not addressed India’s concerns for nearly a decade and continued to deploy non-tariff barriers.“The trade imbalance…
DP World CEO Yuvraj Narayan Amid global trade disruption, DP World CEO Yuvraj Narayan spoke to TOI about his company’s plans to ensure smooth cargo movement as well as plans for India, where it is looking to invest $3-5 billion. Excerpts:How is it going because of what’s happening in West Asia, what is the impact…
The Nifty 50 rose 2.8% to 23,146 and sensex added 3.1% to 74,729 Indian share benchmarks posted their best weekly performance in six months on Friday, powered by a rally in IT stocks after stronger-than-expected quarterly earnings and a selloff in global AI markets that prompted value-buying elsewhere.Investors now await results from several heavyweight companies,…
CERT-In reported that AI models undergoing testing accessed an unnamed Indian company’s confidential data and live systems without authorization NEW DELHI: Artificial intelligence (AI) agents are emerging as a serious cybersecurity threat to Indian organisations, accessing sensitive corporate data without authorisation and exploiting existing security gaps at speeds that leave companies with little time to…
Bull market may regain momentum Global markets could see risk assets regain momentum as strong economic growth, rising corporate earnings and AI-led productivity support returns despite higher bond yields, according to a Morgan Stanley report.The firm now favours global stocks over bonds, saying rising bond yields reflect a strong economy rather than a worsening economic…
On Amazon, for example, purchases using no-cost EMIs have jumped to 50% from about 30% last year (Representative image) MUMBAI: India’s online festive sales seem to be missing their fiery spark this year. Price hikes have weighed on smartphone sales volumes, typically the biggest driver of the season with final prices in many cases higher…
