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Public sector banks (PSBs) are expected to cross the Rs 2 lakh crore combined profit mark in the current financial year, buoyed by strong balance sheets, steady credit expansion and improved asset quality, Financial Services Secretary M Nagaraju said.Speaking to PTI in an interview, Nagaraju said the Indian banking system remains resilient, supported by regulatory…
Garment exporters in Tamil Nadu’s textile hub Tiruppur expect shipments to the United States to double to about Rs 30,000 crore over the next three years following the India-US trade framework, industry representatives told PTI.They also indicated that the sector could generate about 5 lakh additional jobs over the next three to five years as…
Saudi Arabia Bets Big on Syria: New Airline and $1 Billion Telecom Deal Unveiled On February 7, 2026, Syria and Saudi Arabia signed a series of major economic agreements designed to catalyse reconstruction in war-torn Syria and deepen bilateral cooperation across strategic sectors including aviation, telecommunications and infrastructure. The accords come as Damascus seeks to…
India’s housing market remains strong, with steady growth in both sales volumes and prices, Godrej Properties Executive Chairperson Pirojsha Godrej has said, ruling out any major concerns about demand.In an interview with PTI, Godrej said that the residential market has now stabilised after witnessing unusually rapid growth in the years following the COVID-19 pandemic. He…
India will face no difficulty in purchasing goods worth $500 billion from the United States over the next five years, with Commerce and industry minister Piyush Goyal calling the number “very conservative” given the scale of demand expected from the country’s expanding economy.Speaking to PTI Videos in an interview on Sunday, Goyal said India’s import…
Foreign investors returned to Indian stock markets in the first week of February, investing over Rs 8,100 crore after three months of heavy selling. This is after they sold nearly Rs 62,000 crore worth of shares in the last three months. Improved investor sentiment amid a new trade deal with the US, helped bring them…
The Trump Mobile T1 smartphone, earlier marketed around a “Made in the United States” pitch, will instead be produced largely overseas, with only limited final assembly expected to take place in the US, according to a report by The Verge citing company executives.Trump Mobile executives Don Hendrickson and Eric Thomas told The Verge that the…
The combined market valuation of eight of the country’s top 10 most valued firms surged by Rs 4.55 lakh crore last week, tracking a strong rally in equities, with Reliance Industries emerging as the biggest gainer.The BSE benchmark surged 2,857.46 points, or 3.53 per cent, during the week, according to PTI.From the top-10 pack, Reliance…
Dubai’s Luxury Property Market Is Crowded: Here’s How Smart Buyers Are Still Winning Big Dubai’s ultra-luxury property segment, including homes priced above Dh20 million, remains one of the hottest real estate markets globally, drawing affluent local and international investors alike. However, while listing volumes are high, identifying the right inventory with real market value and…
Piyush Goyal (File photo) Union Commerce and Industry Minister Piyush Goyal on Sunday gave insights into the behind-the-scenes negotiations that shape India’s free trade agreements (FTAs).In an interview with PTI, Goyal revealed that had personally met every negotiator involved in India’s trade agreements, emphasising that negotiators are tasked with protecting their own country’s interests and…
