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Indian Overseas Bank (IOB) witnessed a significant surge in net profit for the quarter ended June 2025, reporting Rs 1,111 crore, a 76% YoY increase. This growth was fueled by enhanced income and improved asset quality. The bank's gross and net NPAs also saw a reduction, contributing to a stronger financial performance, with capital adequacy ratio also improving.
Demand for oleoresins, spice oils, chillies and seed spices fuel shipments
Exporters complain Andhra’s move to check smuggling of ration rice hurting shipments; Vizag port consignments also affected
Wall Street saw slight gains Friday, with the S&P 500 and Nasdaq near record highs, potentially marking a third winning week. Investor optimism was driven by strong earnings, falling Treasury yields, and speculation about a Federal Rese ...more
Sebi suggests that MFs should be permitted to offer both Value and Contra funds, subject to the condition that no more than 50% of the schemes' portfolios would overlap.
RBI conducts VRRR auction to manage surplus liquidity in banking system, accepting offers worth ₹2,00,027 crore at 5.49%
Three countries -- the US, India and China, each launched more than 100 IPOs in H1 2025. The US led with 109 IPOs, followed by India (108) and China (104).
The Comptroller and Auditor General of India has criticized the Maharashtra government for an irregular revenue waiver of Rs 71.07 crore granted to the Mumbai Pune Expressway toll operator, IRB, during the COVID-19 lockdown. Despite con ...more
Following the Air India Flight AI-171 crash in Ahmedabad, Tata Group has established 'The AI-171 Memorial and Welfare Trust' with a corpus of Rs 500 crore. The trust aims to support the victims' families and those affected by the traged ...more
Donald Trump has escalated his criticism of Federal Reserve Chair Jerome Powell, accusing him of stalling the housing market with high interest rates. Trump hinted at a possible dismissal over a controversial $2.5 billion renovation at ...more
The EU has intensified sanctions against Russia, targeting oil revenues and military capabilities due to the Ukraine conflict. These measures impact a Rosneft-owned Indian refinery and lower the oil price ceiling, potentially benefiting ...more
Domestic exchanges deserve full credit for comprehensive web sites
PM Kisan 20th Installment Date: Agriculture ministry says farmers are advised to rely on official sources for information related to the scheme.
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