After receiving widespread backlash, ICICI Bank on Wednesday rolled back its recently announced requirement for new account holders to maintain a minimum balance of Rs 50,000 in metro and urban locations. The country’s second-largest private lender has now revised its minimum monthly average balance (MAB) norms to Rs 15,000 for metro and urban locations, Rs…
With peak travel season under way, immigration experts are cautioning those holding Schengen visa—which permits short-term stays in 29 European countries—to double-check their documents before departure, warning that even small errors could lead to boarding refusals or denial of entry at borders. What is a Schengen visa? A Schengen visa is a short-term entry permit…
S&P projects India’s GDP growth to remain steady at 6.5% in the ongoing fiscal year. (AI image) The Donald Trump administration’s move to impose a total of 50% tariffs (25% base tariff + 25% additional tariff for India’s crude oil trade with Russia) are unlikely to have any significant impact on the Indian economy, believes…
Strong order bookings at the India International Jewellery Show (IIJS) Premiere and a recovery in the Hong Kong market pushed India’s gem and jewellery exports up 15.98% year-on-year to $2,178.24 million (Rs 18,756.28 crore) in July, according to data from the Gem and Jewellery Export Promotion Council (GJEPC).Exports in July 2024 stood at $1,878.09 million…
US stocks climbed on Wednesday, lifted by a global equity rally and growing expectations that the Federal Reserve will cut interest rates in September. The S&P 500 rose 0.4% to a new all-time high, the Dow Jones Industrial Average gained 259 points or 0.6%, and the Nasdaq Composite added 0.5% to extend its own record…
Chinese internet giant Tencent on Wednesday posted its third straight quarter of double-digit revenue growth, beating market forecasts, as it accelerated the rollout of artificial intelligence (AI) features across its gaming portfolio and flagship WeChat app.Shenzhen-based Tencent, which operates the multi-functional WeChat platform and is a major global gaming player, also has significant operations in…
India’s exposure to a potential disruption in Russian oil exports would be limited, even as a full embargo could create serious challenges for the global economy, according to a report by Bank of Baroda. The report estimates that India’s additional oil import expenditure would be around $5 billion annually, a figure considered manageable given the…
The Reserve Bank of India (RBI) is likely to maintain current interest rates during its October policy review, according to an SBI report, as inflation in August 2025 is projected to rise above 2 per cent. The analysis, quoted in an ANI report, anticipates inflation could reach around 2.3 per cent, complicating any potential rate…
Stock market update for August 15 (AI image) Stock market holiday on Independence Day: Stock markets will be closed on Friday, August 15, 2025 in observance of the Independence Day. This marks one of the 14 official trading holidays in the equity, equity derivative, and SLB segments, as per the Bombay Stock Exchange (BSE) calendar…
India, which leads global urea imports, is expected to receive approximately 300,000 tons. (AI image) Big sign of easing tensions! China has relaxed restrictions on urea exports to India, signalling an improvement in diplomatic relations between the two Asian countries, particularly as both face trade challenges from US President Donald Trump’s administration.India, which leads global…
