Business

MUMBAI: Paytm swung to profit in the June quarter after two straight quarters of losses, posting net profits of Rs 123 crore on a consolidated basis as attempts to check costs and streamline operations leveraging AI paid off. This is the company’s first quarter of profit from its core business.The fintech, whose business was impacted…

The rupee on Tuesday fell 7 paise to close at 86.38 against the US dollar, weighed down by persistent uncertainty over the India-US trade deal ahead of the August 1 deadline and continued foreign fund outflows.At the interbank foreign exchange market, the domestic currency opened at 86.26, touched an intra-day high of 86.22 and a…

India on Tuesday submitted the ratification document of the Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) to Norway, the designated depository for the pact, officials said.“India deposited the Instrument of Ratification of the TEPA between India and EFTA today at the Ministry of Foreign Affairs of Norway, which is…

US president Donald Trump on Tuesday announced that the Philippines will pay a 19% tariff under a new trade agreement between the two countries.“It was a beautiful visit, and we concluded our trade deal, whereby the Philippines is going open market with the United States and zero tariffs. The Philippines will pay a 19% tariff,”…

Blinkit’s blistering growth has delivered a massive windfall for Eternal CEO Deepinder Goyal, whose net worth jumped by Rs 2,000 crore in just two trading sessions, as Eternal’s stock soared over 21% and hit a fresh all-time high of Rs 311.60 on the NSE.Goyal, the 42-year-old self-made billionaire and co-founder of Eternal, now holds an…

US stock markets hovered near record highs on Tuesday as investors weighed mixed earnings and trade policy signals, with General Motors flagging a $4–5 billion tariff hit for 2025, while homebuilders surged on better-than-expected second-quarter profits.The S&P 500 was little changed after reaching a fresh record on Monday. The Dow Jones Industrial Average rose 27…

AI-generated image used for representation NEW DELHI: Ahead of Prime Minister Narendra Modi’s visit to the United Kingdom, foreign secretary Vikram Misri on Tuesday addressed questions about growing Western pressure on India over buying Russian oil. He made it clear that India’s energy needs come first.Misri said, “…We have been very clear that insofar as…

India has emerged as a relatively safe haven among emerging markets amid ongoing global trade uncertainties, according to a recent report by JP Morgan.The financial major said India is benefiting from a combination of falling inflation, improved system liquidity, and reduced government borrowing—factors that are expected to support economic expansion, ANI reported. “India: Falling inflation,…

Short-term investors are leaning towards ICICI Bank in the private banking space, thanks to its solid June quarter results. With strong profit growth and steady margins, ICICI is currently edging out rival HDFC Bank in investor preference.HDFC Bank is currently dealing with various post-merger issues, notably an elevated credit-deposit (CD) ratio, which has affected investor…

Senior citizens looking for higher returns on their fixed deposits (FDs) can still earn up to 8.5% interest on three-year tenures, as several small finance banks continue to offer elevated rates. However, investors should be aware of tax implications like TDS and how to avoid it using Form 15H.As per data from Paisabazaar.com, as reported…