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HDSC said that, excluding treasury performance, profit after tax showed a growth of 12.6% year-on-year. File. | Photo Credit: Reuters HDFC Bank on Saturday (October 17, 2026) reported a 5.55% rise in consolidated net profit to ₹20,700 crore in the September quarter from ₹19,611 crore in the year-ago period. On a standalone basis, net profit…
Read More “HDFC Bank Q2 net profit grows 5.55% to ₹20,700 crore” »
Image used for representation purpose only | Photo Credit: Getty Images/iStockphoto India is expected to keep importing Russian crude at close to current levels after U.S. President Donald Trump waived sanctions and tariffs mandated by a new law on major buyers of Russian oil, analysts said. Mr. Trump issued an executive order late on Friday…
Read More “India’s Russian crude binge to continue after Trump waives new sanctions law” »
This year’s Nobel Prize in Economics has been awarded for work that is particularly crucial in the current global context. Implications from the work also have lessons for Indian policymakers, some of which have already been learnt, while others remain a work in progress. The crux of the research done by the laureates Robert E….
Read More “Ripples from the future: On the Nobel Prize for Economics 2026” »
Image for representational purposes only. Photo: BISWARANJAN ROUT | Photo Credit: BISWARANJAN ROUT India’s crude oil import bill surged 47% year-on-year (YoY) to $15.4 billion in September, amid resurging conflict in West Asia, according to provisional government data. Data from the Petroleum Planning and Analysis Cell (PPAC) showed that crude oil imports rose 7% YoY…
Read More “India’s crude imports rise 7% in September, bill surges 47%” »
The Asian Development Bank (ADB) and the Government of Japan have signed financing agreements with AM Green Ammonia (India) to help build one of the world’s largest plants to make ammonia using renewable energy in India. The investment includes a $100 million loan from the leading Asia’s Private Infrastructure Fund 2, financed by the Japan…
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A view of The Guild’s rocket development and testing facility set up in Tirupati district BY ARRANGEMENT | Photo Credit: BY ARRANGEMENT Ethereal Exploration Guild (The Guild), a Bengaluru-based private space technology company, on Friday unveiled The Anchorage, a 150-acre rocket development and testing facility in Space City, about 40 km from the Satish Dhawan…
Hyderabad-based GMR Aero Technic has signed an MoU with Canada-based Corporation Logic Air Inc. to collaborate on aircraft modification, engineering, certification and solutions to address component obsolescence for customers in India and international markets. | Photo Credit: Special Arrangement Navigation and operational upgrades for Boeing 737 Next Generation (737NG) aircraft, along with engine indication system…
K. A. Shabir, chief executive officer of Funskool India | Photo Credit: The Hindu Funskool India is targeting turnover of over ₹400 crore in FY27, banking on international partnerships and manufacturing expansion, even as India’s toy industry grapples with dependence on China for specialised tooling and electronic components. The company expects to close FY27 with…
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Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,285.37 crore on a net basis on Thursday (October 15, 2026), according to exchange data. (Representational image) | Photo Credit: Getty Images/iStockphoto The rupee stayed on upward momentum for the sixth straight session on Friday (October 16, 2026) and settled 7 paise higher at 94.92 (provisional) against the…
Read More “Rupee rises 7 paise to close at 94.92 against U.S. dollar on RBI intervention” »
Benchmark indices Sensex and Nifty closed higher for the second straight day on Friday (October 16, 2026), driven by strong buying in IT stocks amid firm global trends. The 30-share BSE Sensex climbed 413.66 points, or 0.56%, to settle at 74,729.27. During the day, it surged 463.17 points, or 0.62%, to 74,778.78. The 50-share NSE…
Read More “Stock markets end higher for second day, led by strong buying in IT firms” »