Business

[ad_1] Bank of India reported a robust 82% year-on-year increase in its net profit for the January-March 2025 quarter, reaching Rs 2,626 crore. This surge was primarily driven by significant treasury gains and a substantial rise in recoveries from written-off accounts.The bank’s core net interest income (NII) grew by 2% to Rs 6,063 crore, while…

[ad_1] Citing sustained structural reforms, improved fiscal metrics, and macroeconomic resilience, global rating agency Morningstar DBRS has upgraded India’s sovereign credit rating to ‘BBB’ with a stable trend.The agency said the rating revision reflects India’s strengthened economic fundamentals, supported by continued infrastructure investment, digital transformation, and a more robust banking sector.“The upgrade reflects Morningstar DBRS’s…

[ad_1] State Bank of India (SBI) and seven other lenders announced on Friday the sale of 20 percent of their combined stakes in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 13,483 crore, marking the largest cross-border investment in the Indian banking sector. Upon completion of this transaction, SMBC will become the…

[ad_1] India Pakistan tensions, Operation Sindoor impact:Investor wealth took a hit, plunging by Rs 7 lakh crore over the past two sessions, as escalating conflict between India and Pakistan made markets jittery and triggered a selloff. The NSE Nifty dropped 265.80 points, or 1.10 per cent, to settle at 24,008. The BSE Sensex fell for…

[ad_1] US President Donald Trump on Friday floated slashing tariffs on China to 80% ahead of a weekend meeting, signaling a possible move to ease tensions in the ongoing trade war.“80% Tariff on China seems right! Up to Scott B,” Trump posted on Truth Social referring to Treasury Secretary Scott Bessent, who is one of…

[ad_1] The recent uptick in Basmati rice prices is driven by increased international demand and not linked to geopolitical tensions between India and Pakistan, according to the All India Rice Exporters Association (AIREA).AIREA President Satish Goel clarified that the export prices of Basmati varieties 1509 and 1718 have seen a slight rise since March due…

[ad_1] The United States on Thursday announced a major development involving airplane manufacturer Boeing, confirming a $10 billion order from Britain. The deal was revealed by US commerce secretary Howard Lutnick during the signing of a bilateral trade agreement between the US and the UK.The aircraft deal is expected to be led by International Airlines…

[ad_1] Gold prices have tumbled almost 4% in the last two days to $3,311. (AI image) Gold rate today: Gold and silver prices experienced a decline due to profit taking as the dollar index strengthened. At MCX, Gold June futures initiated trading at Rs 96,020/10 grams, down by 0.15% or Rs 148.Similarly, silver July futures…

[ad_1] KSE 100 had dropped 7.6% to 101,598.91 on Thursday. (AI image) Operation Sindoor: The Karachi stock exchange has shown signs of recovery on Friday, rising 1.9% after experiencing a significant decline the previous day. The index had dropped 7.6% to 101,598.91 on Thursday, necessitating a one-hour trading suspension due to market instability.The KSE-100 reached…

[ad_1] Gold rate prediction: Gold futures (MCX June 2025 contract) are currently trading in a consolidation phase. (AI image) Gold price prediction today: Where are gold prices headed? Should you buy gold or sell gold? What are the factors that will drive gold rates in the near future? Jateen Trivedi, VP Research Analyst – Commodity…