US President Donald Trump's decision to waive additional tariffs of 100 per cent on major buyers of Russian oil has provided immediate relief to India, reducing the risk of fresh trade penalties and offering Indian refiners greater flexibility in crude purchases. However, experts warned that the benefits remain uncertain and will depend on global oil prices, supply conditions and future US trade policy.
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The Food Safety and Standards Authority of India (FSSAI) has issued notices to major manufacturers over misleading product descriptions and labelling violations involving ready-to-drink dairy beverages, raising concerns over inconsistencies between product packaging and advertising claims on e-commerce platforms.
India's space economy is expected to grow from around USD 9 billion to USD 40–45 billion over the next seven to eight years, Union Minister of State for Space Jitendra Singh said on Saturday, stressing that greater private investment, faster regulatory approvals and sustained commercial demand would be key to achieving this growth.
IDBI Bank reported a 39 per cent year-on-year decline in net profit to Rs 2,205 crore for the July-September quarter of FY27, largely due to a one-time gain recorded last year, while its underlying profit grew 14 per cent amid stronger interest income and improving asset quality.
Axis Bank reported a 38 per cent year-on-year jump in standalone net profit to Rs 7,003 crore for the July-September quarter of FY27, supported by a sharp 52 per cent decline in provisions and improving asset quality, even as its core operating profit grew at a slower pace.
India is looking to expand exports of lab-grown diamonds, coloured gemstones and heritage jewellery by tapping preferential market access under its Free Trade Agreements (FTAs), the Commerce Ministry said on Saturday.
HDFC Bank reported a 4.7 per cent year-on-year rise in standalone net profit to Rs 19,510 crore for the July-September quarter of FY27, as a sharp 67 per cent decline in treasury trading gains weighed on earnings despite stronger income from its core lending business.
ICICI Bank on Saturday reported a 20.1 per cent year-on-year rise in standalone net profit to Rs 14,843 crore for the second quarter of the FY 2026-27, supported by strong loan growth and lower provisions for bad loans.
The European Central Bank (ECB) is expected to raise interest rates by a cumulative 50 basis points by the first half of 2027 as elevated energy prices and persistent services inflation keep price pressures above target, according to a research report by ICICI Bank Global Markets.
Tata Trusts is working towards establishing a network of 40 to 50 not-for-profit general hospitals across India to make quality healthcare more affordable and accessible, Chairman Noel Tata said in the Trusts' Annual Report for 2025–26.