New Delhi, Jan 6 (IANS) The ongoing geopolitical tension between the United States and Venezuela does not pose any immediate risk to India and that the country’s oil import bill is unlikely to rise under present conditions, a report said on Tuesday.The report from Bank of Baroda said the import bill will remain unchanged as “global crude supplies are likely in a glut mode”, and Venezuela’s share of global production is marginal at about 1 per cent.The bank maintained that Venezuela’s prove…
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New Delhi, Jan 3 (IANS) In clear signs of a pick-up in investment intentions in the country, the momentum strengthened in the first nine months of FY26, with Rs 26.62 lakh crore worth of new investment announcements, significantly higher than Rs 23.88 lakh crore in the same period last year, according to a new report.This is on the back of a very positive policy package of the government which has focussed on capex, lowering of income tax rates and GST 2.0.Infrastructure-led sectors dominated in…
Amaravati, Jan 2 (IANS) Andhra Pradesh has firmly established itself as India’s leading investment destination, capturing a remarkable 25.3 per cent of all proposed investments in the first nine months of the financial year 2025-26, according to a report by Bank of Baroda. The state now stands well ahead of peers such as Odisha (13.1 per cent) and Maharashtra (12.8 per cent), signalling a decisive shift in India’s industrial and investment momentum toward the eastern and southern corridors.T…
New Delhi, Jan 2 (IANS) In order to help insulate the output loss on account of higher US tariff rate, India’s export profile has seen a case of frontloading and re-routing of exports following the changing tariff environment, a report showed on Friday.India’s export basket is undergoing a structural shift in response to 50 per cent US tariffs and the absence of a formal trade deal.For marine products, significant increase in share of exports is observed for countries such as China and Thail…
Mumbai, Dec 29 (IANS) Shares of state-owned lender Punjab National Bank on Monday recovered after an earlier fall, after it reported a loan fraud of Rs 2,434 crore last week, allegedly committed by former promoters of SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL).PNB’s shares had fallen as much as 3.1 per cent to Rs 116.6 apiece earlier in the day, but were trading at Rs 120.55, up 0.15 per cent at 11:44 am.The PSU lender reported the loan fraud of Rs 2,434 crore t…
New Delhi, Dec 27 (IANS) Punjab National Bank (PNB) has declared a Rs 2,434 crore alleged loan fraud by the former promoters of Srei Equipment Finance and Srei Infrastructure Finance.In a late evening exchange filing, the state-run PNB said that “Pursuant to the applicable provisions of SEBI (LODFR) Regulations, 2015 and the Bank’s Policy for determining materiality of events/information required to be reported to the Stock Exchanges, it is hereby informed that the bank has reported borrowal…
New Delhi, Dec 22 (IANS) The Indian rupee rose for the second consecutive session on Monday from new lows amid continuous intervention by the Reserve Bank of India (RBI).The currency opened 24 paise higher at 89.41 against the US dollar after closing at 89.65 on December 19.Analysts noted that volatility remains the main focus amidst rupee’s comeback and follow‑through in RBI actions and global dollar moves remains crucial in near future.Currency market watchers said 89.20 has emerged as a cru…
New Delhi, Dec 20 (IANS) The Comprehensive Economic Partnership Agreement (CEPA) with Oman is expected to enhance India’s export competitiveness, secure energy supplies at favourable prices and strengthen India–Oman economic ties, a report said on Saturday.The report from Bank of Baroda said that CEPA aims to expand trade and investment, increase export opportunities for labour‑intensive micro, small and medium enterprise (MSME) sectors such as textiles, leather, footwear, gems and jewelle…