China has pushed its holdings of US government debt down to their lowest level in nearly two decades, underscoring a steady recalibration of its foreign exchange reserves away from dollar assets and towards gold and overseas investments amid strained ties with Washington, PTI reported.Data released by the US Department of the Treasury shows that China’s…
US President Donald Trump’s aggressive and unpredictable tariff strategy is beginning to redraw global trade alignments, with long-standing US partners actively seeking alternatives — and China emerging as a key beneficiary.Canada delivered the clearest signal yet of this shift on Friday, cutting its 100% import tax on Chinese electric vehicles in exchange for sharply lower…
MUMBAI: ICICI Bank reported a year-on-year decline of 4.02% in net profit to Rs 11,317.9 crore for the quarter ended Dec 31, 2025, weighed down by a sharp rise in provisions, even as core operating performance remained steady. Profit also fell 8.42% sequentially from Rs 12,358.9 crore in the previous quarter.Announcing the results, the bank’s…
Representative image (AI-generated) Employees’ Provident Fund Organisation (EPFO) subscribers will soon be able to withdraw their provident fund savings directly into their bank accounts using the Unified Payments Interface (UPI). The system is expected to be operational by April 2026. The move is aimed at simplifying access to funds and reducing delays in withdrawals for…
PM Modi flagged-off Vande Bharat sleeper train (PTI image) Prime Minister Narendra Modi on Saturday said India is now manufacturing more railway coaches than the United States and Europe, highlighting the country’s growing self-reliance. He made the remarks while flagging off India’s first Vande Bharat sleeper train from Malda in West Bengal.Addressing a public gathering…
MUMBAI: RBL Bank reported a net profit of Rs 214 crore in Q3 FY26, up 555% from Rs 33 crore a year earlier when earnings were subdued to provisions. The net profit was 20% higher than Rs 179 crore in the previous quarter.Profit in the December quarter would have been higher but for the one-off…
For now the Amrit Bharat Express trains have only non-air-conditioned coaches, combining general seating with second-class sleeper accommodation Prime Minister Narendra Modi will flag off four new Amrit Bharat Express trains on Saturday with an aim to enhance train travel experience and connectivity for the common man. The Amrit Bharat Express trains are modern trains…
Representative image (AI-generated) State-run Indian Oil Corp and Rosneft-backed Nayara Energy have increased their purchases of Russian crude in January. This comes even as India’s overall imports from Russia have declined under US sanctions.Reliance Industries, India’s largest buyer over the past year, along with several other refiners, has not received any supplies this month. This…
WEF economists expect global economic conditions to weaken in 2026 over mounting debt, geopolitics Around 53 per cent of World Economic Forum chief economists who were surveyed expect global economic conditions to weaken in the year ahead, down from 72 per cent in September 2025, even as they acknowledge the relative resilience of the global…
President Donald Trump on Friday said he would like to keep his top economic adviser, Kevin Hassett, at the White House rather than potentially nominate him to replace Jerome Powell as chair of the Federal Reserve. “I actually want to keep you where you are, if you want to know the truth,” Trump said at…
