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- 'Too big to fail debtor': India targets Pakistan on IMF bailout package; abstains from voting over misuse of funds for terrorism May 9, 2025India-Pakistan tensions: India has voiced strong concerns at the IMF's Executive Board meeting regarding bailout packages for Pakistan, citing its poor track record and potential misuse of funds for terrorism. India highlighted Pakistan's repeated reliance on IMF programs, questioning their effectiveness and the country's economic policies. […]
- Public sector banks post record Rs 1.78 lakh crore profit in FY25, driven by reforms May 9, 2025Public sector banks in India have achieved a record cumulative net profit of Rs 1.78 lakh crore for FY25, a 26% increase from the previous year. All 12 PSBs reported profits, marking a significant turnaround from losses in FY18. State Bank of India led with over 40% of the total earnings.
- India-Pakistan tensions: Oil companies say fuel stocks sufficient, urge public not to panic May 9, 2025
- SBI, other lenders sell Yes Bank stake for Rs 13,483 crore in deal with Japan’s Sumitomo Mitsui Banking Corporation May 9, 2025State Bank of India and other lenders are selling a 20% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation for Rs 13,483 crore. This marks the largest cross-border investment in Indian banking, making SMBC the largest shareholder. The sale follows Yes Bank's 2020 rescue, with SBI retaining just over 10% stake after the deal.
- India-Pakistan tensions wipe out Rs 7 lakh crore from investor wealth in 2 days May 9, 2025Escalating India-Pakistan tensions, spurred by Operation Sindoor, triggered a significant market selloff, wiping out Rs 7 lakh crore in investor wealth over two sessions. The NSE Nifty and BSE Sensex both experienced sharp declines as geopolitical risks heightened. While some sectors faced heavy losses, others saw gains, and foreign investors remained net bu […]
- Mercedes-Benz India to raise prices by up to ₹12.2 lakh to partly offset a spike in forex rates May 9, 2025
- LIC premium payment through WhatsApp Bot launched May 9, 2025
- Dr. Reddy’s open to manufacturing in the U.S. to sidestep tariff May 9, 2025
- Banks assure Finance Minister of cybersecurity preparedness in light of tensions with Pakistan May 9, 2025Finance Minister Nirmala Sitharaman reviews India’s financial institutions’ cybersecurity preparedness amidst border tensions, ensuring quick responses to cyberattacks
- TRAI recommends fees, framework for satellite internet services May 9, 2025The move brings Indians a step closer to using satellite internet services like Starlink