US President Donald Trump’s aggressive and unpredictable tariff strategy is beginning to redraw global trade alignments, with long-standing US partners actively seeking alternatives — and China emerging as a key beneficiary.Canada delivered the clearest signal yet of this shift on Friday, cutting its 100% import tax on Chinese electric vehicles in exchange for sharply lower…
MUMBAI: HDFC Bank reported an 11.46% year-on-year increase in net profit to Rs 18,653.75 crore in Q3 FY26 from Rs 16,735.50 crore a year earlier, on the back of treasury profits with loan growth and stable asset quality supporting earnings, even as operating costs rose sharply.On a sequential basis, profit was largely flat, inching up…
US President Donald Trump purchased around $100 million in municipal and corporate bonds between mid-November and late December, his latest financial disclosures showed. The investments included up to $2 million in Netflix and Warner Bros Discovery bonds bought shortly after the companies announced their merger.The disclosures, posted Thursday and Friday, showed that most of Trump’s…
MUMBAI: Sebi chairman Tuhin Kanta Pandey on Friday said the regulator is working towards introducing a series of reforms in the capital markets, including some that would make it easier for foreign investors to invest in India. The Sebi chief also said that the regulator was working on a plan to introduce a closing auction…
India’s market regulator Sebi has approved a major change in how closing stock prices are discovered, moving away from the existing volume-weighted average price method to an auction-based system aimed at improving transparency, fairness and execution quality at the market close.The new framework, called the Closing Auction Session (CAS), will be rolled out in phases…
India’s foreign exchange reserves rose by $392 million to $687.19 billion in the week ended January 9, data released by the Reserve Bank of India (RBI) showed on Friday, PTI reported.The increase comes after a sharp decline in the previous reporting week, when the overall reserves had fallen by $9.809 billion to $686.80 billion.According to…
Scott Adams, the creator of the Dilbert comic strip, has passed away Scott Adams, the creator of the Dilbert comic strip, passed away a few days ago at 68 after battling cancer. For most people, he was the man who made cubicle life funny, who turned the pointy-haired boss into a universal symbol of corporate…
The International Monetary Fund has highlighted India’s position in world economy, saying that New Delhi continues to play a crucial role in driving global economic growth, with recent indicators pointing to stronger-than-expected performance. Addressing reporters during a media briefing on Thursday, IMF spokesperson Julie Kozack said that India has emerged as one of the world’s…
The country’s smartphone exports rose 43.7 per cent to USD 18.8 billion during the April-November period this fiscal year, according to the commerce ministry data released on Thursday. It was USD 13.08 billion in April-November 2024-25 and USD 9.07 billion during April-November 2023-24. The data showed that the US was the major destination for the…
India’s merchandise exports to China surged 67.35% year-on-year to $2.04 billion in December, driven by higher shipments of electronics, marine and agricultural products, according to Commerce Ministry data released on Thursday.The sharp rise was led by exports of oil meals, marine products, telecom instruments and spices. In the electronics segment, key items registering strong growth…
