The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) will come into force from October 1, Commerce and Industry Minister Piyush Goyal announced on Saturday. The free trade pact was signed on March 10 this year after nearly 16 years of negotiations.“India-EFTA TEPA to come into effect from…

HDFC Bank on Saturday reported a 1.31% decline in consolidated net profit to Rs 16,258 crore for the June 2025 quarter, down from Rs 16,475 crore in the year-ago period, according to a regulatory filing.On a standalone basis, however, the country’s largest private sector lender posted a net profit of Rs 18,155 crore, compared with…

India’s stock market has slipped to the fourth position among Asia Pacific’s preferred investment destinations, according to the latest Bank of America (BofA) survey cited by The Economic Times. This marks a notable shift from its earlier leadership status, as the benchmark Nifty index remains stuck in a two-month consolidation phase with no clear breakout…

MUMBAI: HDFC Bank and ICICI Bank reported strong earnings growth for the quarter ended June 2025, supported by a rise in both interest and non-interest income. However, both lenders flagged margin pressures and adopted a cautious stance in certain retail segments. HDFC Bank declared a 1:1 bonus issue and an interim dividend of Rs 5…

ICICI Bank on Saturday reported a 15.9% year-on-year rise in consolidated net profit to Rs 13,558 crore for the quarter ended June 2025, compared to Rs 11,696 crore in the corresponding quarter last year.On a standalone basis, the private sector lender posted a net profit of Rs 12,768 crore, marking a 15.5% increase from Rs…