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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…

The recently enacted Donald Trump’s ‘One Big Beautiful Bill’ is potentially turning out to another blow to Indian students in the United States by allocating approximately $170 billion to Immigration and Customs Enforcement (ICE) for expanding deportation operations.This legislation strengthens enforcement agencies’ authority to monitor local communities and track visa violations, according to study abroad…

Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of ONGC and a Schedule ‘A’ Mini Ratna Category-I company, on Saturday reported a consolidated net loss of Rs 272 crore for the first quarter of FY26, reversing from a Rs 66 crore profit in the same period last year.The company’s board approved the Q1 results during…

The European Union unveiled its 18th package of sanctions against Russia, aiming to further squeeze Moscow’s oil revenues and financial networks over its ongoing war in Ukraine. Approved on Friday, the new measures include a series of toughened restrictions focused largely on the energy sector, shipping, and financial dealings.Here’s a what the latest sanctions include:…

Yes Bank on Saturday reported a 59% year-on-year rise in net profit to Rs 801 crore for the June quarter of FY26, buoyed by strong gains from treasury operations and a sharp uptick in non-core income.The private sector lender said its other income surged 46% to Rs 1,752 crore, while treasury income swung to a…

India’s global leadership in food safety and standard-setting received a boost at the 88th Executive Committee meeting of the Codex Alimentarius Commission (CCEXEC88), with its millet grain standards earning praise at the high-level gathering held in Rome from July 14 to 18.According to an official statement, the international forum acknowledged India’s efforts in spearheading the…