MUMBAI: Kotak Bank’s statement that it is not in the race to acquire IDBI Bank would mean that the success of govt’s plan to sell IDBI Bank will depend upon the interest of foreign bidders. Kotak Bank, while never an official contender, was long seen as a potential acquirer given the bank’s high capital adequacy…
MUMBAI: With the US-India trade deal taking another major step towards closure, Dalal Street investors are expecting a positive opening for the leading indices on Monday. Gift Nifty, used by traders for short term market direction, closed 0.7% up on Saturday, which is providing confidence to investors about a higher opening for the week. On…
Niti Aayog member and former DRDO director general VK Saraswat on Sunday said venture capitalists must increase financial support for Indian defence startups, asserting that these firms have come a long way but require stronger funding backing for sustained growth.Speaking with PTI Videos on the sidelines of the Advantage Vidarbha-2026 Business Conclave and Investment Summit,…
Representative image (Generated by AI) India has allowed a duty concession on imports of only 5 lakh tonnes of dried distillers’ grains (DDGS) from the US under the first phase of the bilateral trade pact, an official told PTI stressing that the volume is equivalent to about 1 per cent of the country’s total consumption.The…
Saudi Arabia Bets Big on Syria: New Airline and $1 Billion Telecom Deal Unveiled On February 7, 2026, Syria and Saudi Arabia signed a series of major economic agreements designed to catalyse reconstruction in war-torn Syria and deepen bilateral cooperation across strategic sectors including aviation, telecommunications and infrastructure. The accords come as Damascus seeks to…
During much of 2024 and 2025, India was one of the largest purchasers of discounted Russian oil. (AI image) Will India stop buying Russian crude oil? US President Donald Trump has signed an executive order revoking the 25% penal tariffs on India for its imports of crude from Russia. However, the executive order clearly says…
Aadhaar custodian UIDAI has completed mandatory biometric updates (MBU) for over one crore school children across 83,000 schools nationwide, according to an official statement.A child below five years can enrol for Aadhaar using photograph, name, date of birth, gender, address and birth certificate. However, fingerprints and iris biometrics are not captured at this stage as…
Garment exporters in Tamil Nadu’s textile hub Tiruppur expect shipments to the United States to double to about Rs 30,000 crore over the next three years following the India-US trade framework, industry representatives told PTI.They also indicated that the sector could generate about 5 lakh additional jobs over the next three to five years as…
Foreign investors returned to Indian stock markets in the first week of February, investing over Rs 8,100 crore after three months of heavy selling. This is after they sold nearly Rs 62,000 crore worth of shares in the last three months. Improved investor sentiment amid a new trade deal with the US, helped bring them…
India will face no difficulty in purchasing goods worth $500 billion from the United States over the next five years, with Commerce and industry minister Piyush Goyal calling the number “very conservative” given the scale of demand expected from the country’s expanding economy.Speaking to PTI Videos in an interview on Sunday, Goyal said India’s import…
