Festive binge: Diwali charm kicks in, so does love for food deliveries; Swiggy, Magicpin report spike

Festive binge: Diwali charm kicks in, so does love for food deliveries; Swiggy, Magicpin report spike

Cuisine continues to remain at the heart of festivities with Indians ordering more food online as Diwali draws near.Online food delivery platforms like Swiggy and Magicpin have witnessed a huge surge in orders, with even more expected in the coming days. Anshoo Sharma, CEO and Co-founder of Magicpin, told PTI that the platform is preparing…

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Trump wants India to stop buying Russian oil, but can it? Why crude imports can at best be reduced — explained

Trump wants India to stop buying Russian oil, but can it? Why crude imports can at best be reduced — explained

Donald Trump has claimed assurance from PM Narendra Modi that India will stop buying Russian crude oil. Russia maintains its position as one of the world’s primary crude oil producers and exporters. While the Ministry of External Affairs has firmly denied knowledge of a call on this matter between the two leaders, it is important…

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IDFC First Bank Q2FY26 net profit rises 76% to Rs 352 crore as provisions moderate

IDFC First Bank Q2FY26 net profit rises 76% to Rs 352 crore as provisions moderate

MUMBAI: IDFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank’s CASA ratio crossed 50% for the first time, reflecting improved funding stability.The PAT jump was supported by a 16.2% YoY decline…

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Dhanteras shopping: High price tags didn’t dim gold’s shine – Here’s what drew in consumers

Dhanteras shopping: High price tags didn’t dim gold’s shine – Here’s what drew in consumers

High gold and silver prices had little effect on festive shopping this Dhanteras, with sales matching last year’s volumes and rising by more than 25% in value.Shoppers across the country flocked to stores to buy coins and lightweight jewellery, driven by hopes that prices will keep climbing. Silver Shines Brighter Than Gold This Dhanteras Amid…

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PNB net profit rises 14% to Rs 4,904 crore as asset quality improves

PNB net profit rises 14% to Rs 4,904 crore as asset quality improves

MUMBAI: Punjab National Bank (PNB) reported a 14.0% year-on-year rise in net profit to Rs 4,904 crore for the second quarter ended September 30, 2025, driven by higher total income and improvements in asset quality. The state-owned lender’s operating profit rose 5.5% to Rs 7,227 crore.Total income grew 5.1% to Rs 36,214 crore, while net…

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Zero personal income tax: Poland introduces new law for parents with two children – What it means for families

Zero personal income tax: Poland introduces new law for parents with two children – What it means for families

Poland’s president, Karol Nawrocki, has approved a new law that removes personal income tax for parents raising at least two children.The move is aimed at supporting families, boosting household income, and stimulating the economy. Details of the Bill The bill was presented in August. It removes the income tax obligation for families earning up to…

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Dhanteras 2025: Silver shines brighter than gold; coin sales soar up to 40% amid record prices

Dhanteras 2025: Silver shines brighter than gold; coin sales soar up to 40% amid record prices

Silver outshone gold this Dhanteras, with consumer demand for the white metal soaring despite record-high prices. As per news agency PTI, silver coin sales surged 35–40 per cent year-on-year, with overall value more than doubling, even as the All India Gem and Jewellery Domestic Council (GJC) projected a 15 per cent dip in gold volumes…

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Government will not rush to bail out exporters hit by US’s 50% tariff

Government will not rush to bail out exporters hit by US’s 50% tariff

New Delhi: Govt is unlikely to rush ahead with a package to aid exporters hit by Trump’s 50% tariff as it is yet to get a full assessment of the situation. Finance minister Nirmala Sitharaman told reporters she is seeking feedback from textiles and marine exporters, seen to be worst affected even as the impact…

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Private banks report mixed results as new CEOs clean up

Private banks report mixed results as new CEOs clean up

Mumbai: India’s private banks showed contrasting trends in asset quality in Q2 FY26, with larger lenders maintaining stability while smaller players, particularly those under new leadership, reported setbacks in earnings. IndusInd Bank and Federal Bank, both navigating transitions under new MDs, did not post year-on-year growth in net profits as the chiefs accelerated clean-ups and…

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Extradition case: Nirav Modi signals ‘sensational developments’ ahead of hearing; expresses hope for bail or discharge

Extradition case: Nirav Modi signals ‘sensational developments’ ahead of hearing; expresses hope for bail or discharge

Fugitive diamond merchant Nirav Modi Fugitive diamantaire Nirav Modi, imprisoned in the UK for over six years, told a London court that there are “sensational developments” expected when his extradition case to India reopens next month.The 54-year-old appeared before High Court Judge Simon Tinkler at the Royal Courts of Justice on Friday to present his…

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