Delays in allocating preferential tariff rate quotas (TRQs) for gold imports under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) have left Dubai-based bullion exporters in uncertainty, disrupting legitimate precious metal trade corridors between the two countries. Under the bilateral trade pact, designated Indian importers are entitled to import fixed quantities of gold from the UAE…

Xiaomi is reportedly planning a global release for its upcoming Xiaomi 18 Pro flagship, expanding the reach of its distinctive rear-screen concept outside its home market in China. According to industry leaks, the device—codenamed “Venice”—could be launched in international markets including Japan, Russia, Taiwan, Turkey, and countries across the European Economic Area (EEA), though availability…

Global equity markets registered modest gains on Wednesday, July 22, lifted by a strong rally in energy shares as crude oil prices surged to six-week highs, though broader investor appetite remained tempered ahead of high-stakes megacap tech earnings. European and Asian stock benchmarks advanced, with the STOXX 600 gaining 0.6% and European energy producers benefiting…

Westside, the flagship fashion retail brand owned by the Tata Group’s Trent Limited, is launching its most ambitious expansion strategy to date, aiming to open 100 new stores every year. This massive scale-up is designed to solidify the brand’s footprint across India, targeting both major metropolitan hubs and rapidly growing tier-2 and tier-3 cities. By…

Axis Bank has announced a robust set of financial results for the first quarter of the fiscal year, reporting a 23% year-on-year increase in net profit to ₹7,114 crore. This impressive growth was primarily fueled by steady core income expansion and a significant reduction in provisions, demonstrating the private lender’s resilient operational performance. The bank’s…

In an aggressive move to secure retail deposits, Unity Small Finance Bank has revised its fixed deposit (FD) interest rates, introducing a highly attractive return of up to 8.50% per annum for senior citizens. According to the lender’s updated schedule effective July 15, 2026, the peak interest rate applies specifically to its unique 501-day special…

India’s premier private sector banks are undergoing a historic structural shift, shedding more than 7,700 jobs in the last financial year as heavy investments in artificial intelligence and digital infrastructure successfully streamline routine backend operations. According to annual reports for the financial year ending in 2026, the country’s largest private lenders—including HDFC Bank, Axis Bank,…