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India’s maritime sector is projected to attract investments of more than Rs 80 lakh crore in the coming years, helping the country regain its long-lost nautical supremacy and generate over 1.5 crore jobs, Union Shipping Minister Sarbananda Sonowal said on Saturday.Speaking at the inauguration of the second phase of development of Vizhinjam port in Thiruvananthapuram,…
Scott Bessent (File photo) TOI correspondent from Washington: US Treasury Secretary Scott Bessent signaled a prospective removal of the 25 per cent penalty tariffs on India for its purchase of Russian oil, citing “success” in Washington’s pressure tactics while appearing to disapprove the outreach of the European Union, which is on the verge of concluding…
The Trump administration has quietly expanded the scope for government-backed mortgage giants Fannie Mae and Freddie Mac to buy far more mortgage bonds than previously allowed, a move aimed at lowering home loan rates but one that has revived concerns about financial risk and policy overreach.According to an internal email obtained by the Associated Press,…
European Commission President Ursula von der Leyen arrived in New Delhi on Friday, beginning a four-day visit aimed at firming up a series of big-ticket initiatives to expand India–European Union ties, PTI reported.Von der Leyen’s visit comes ahead of summit talks between India and the EU, with President of the European Council Antonio Costa and…
Trump and Carney (File photo) US President Donald Trump on Saturday warned Canada and its Prime Minister Mark Carney over making any deals with China. Refering to Carney as “governor”, he said that US will impose 100 per cent tariffs if Canada makes any such deals.“If Governor Carney thinks he is going to make Canada…
India’s residential real estate market moved into a phase of normalisation in 2025, with housing sales moderating from elevated levels even as prices stayed firm, reflecting a more disciplined and resilient market structure, according to a report by digital real estate transaction and advisory platform PropTiger.Across the top eight cities, all-India residential sales declined 12%…
The National Stock Exchange (NSE) has set up an investor awareness pavilion at the 49th International Kolkata Book Fair, stepping up its outreach efforts to promote financial literacy and informed investing among the public.The pavilion, which opened on January 22, will remain operational for 14 days at Boimela Prangan in Bidhannagar, NSE said in a…
Realtors’ apex body CREDAI has urged the government to launch a National Rental Housing Mission in the upcoming Union Budget, proposing fiscal incentives for developers and tax relief for tenants to boost the underdeveloped organised rental housing market.In its Budget wishlist, CREDAI said rapid urbanisation and rising migrant inflows have sharply increased demand for rental…
Each year, the Union Budget draws the nation’s attention as it defines the country’s economic direction for the new financial year. As Finance Minister wields the fiscal scalpel, focussed on tax rates, rebalancing expenditure, and setting priorities, every Indian household, business and policymaker watches keenly to understand what they will gain or lose.Past budgets have…
MUMBAI: Kotak Mahindra Bank reported a standalone net profit of Rs 3,446 crore for the quarter ended Dec 31, 2025, up 4.3% from Rs 3,305 crore a year earlier, supported by growth in net interest income and other income. On a consolidated basis, net profit stood at Rs 4,924 crore, a 5% increase from Rs…
