The government currently has no roadmap for mergers among public sector banks, Finance Minister Nirmala Sitharaman said, indicating that consolidation is not under active consideration even as a new banking reform panel is set to review the sector’s future.“I am not familiar with any roadmap…there isn’t one,” Sitharaman said in a media briefing after her…
Traffic jam in Delhi Mumbai expressway (Photo credit -PTI) More than one lakh motorists stranded during a massive traffic gridlock on the Mumbai-Pune Expressway earlier this month will receive toll refunds worth Rs 5.16 crore, after authorities decided to return charges deducted despite suspension orders.The disruption followed a gas tanker accident on February 3 on…
US stocks moved lower as investors reacted to President Donald Trump’s decision to increase global tariffs, though market swings remained far milder than the sharp volatility witnessed during last year’s tariff-driven sell-off.The S&P 500 declined 0.7%, while the Dow Jones Industrial Average dropped 618 points, or 1.2%, and the Nasdaq Composite slipped 0.7% in morning…
MUMBAI: Even as premiumisation is playing out in a big way and companies are latching on to the trend to spruce up growth, mass consumption continues to struggle. From apparel to jewellery and food, firms are finding it hard to get entry-level, middle class shoppers to spend more–in jewellery, of course, high prices of gold…
Equity benchmark indices ended higher on Monday as investor sentiment strengthened following the US Supreme Court’s decision striking down sweeping tariffs imposed by President Donald Trump, with domestic sectors leading the rally.The NSE Nifty rose 141.75 points, or 0.55 per cent, to close at 25,713 after touching an intraday high of 25,771.45, up 200.2 points…
Following the US Supreme Court’s ruling late last week, an Indian delegation has postponed a planned trip to Washington. India now has more room for negotiations in a trade deal with the US after the American Supreme Court ruled that Donald Trump’s tariffs are illegal. The US Supreme Court’s move to invalidate President Donald Trump’s…
The government has reduced duty benefits available to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by 50 per cent with immediate effect, prompting industry bodies to urge a review of the decision, PTI reported.The Directorate General of Foreign Trade (DGFT) said the applicable RoDTEP rates will now be capped…
The labour ministry has initiated a process to return unclaimed funds lying in inoperative Employees’ Provident Fund Organisation (EPFO) accounts to subscribers, a move expected to benefit over 3.1 million account holders, labour minister Mansukh Mandaviya said.A pilot phase covering about 0.7 million subscribers will be rolled out shortly after the decision was taken during…
Donald Trump (File photo) US President Donald Trump launched a fresh attack on the Supreme Court of the United States, calling it “incompetent” and “ridiculous” after it struck down most of his earlier tariffs, while arguing the ruling had inadvertently handed him broader powers, including the ability to use licensing tools in trade policy.In a…
NEW DELHI: Prime Minister Narendra Modi will inaugurate the Noida international airport at Jewar next month, Uttar Pradesh chief minister Yogi Adityanath said during an interaction with the Indian diaspora in Singapore.Highlighting the state’s aviation infrastructure, Yogi said Uttar Pradesh currently has the highest number of airports in the country and that the upcoming airport…
