US-Philippines trade deal: Trump says Philippines talks ‘concluded’; Manila to pay 19% tariff
US president Donald Trump on Tuesday announced that the Philippines will pay a 19% tariff under a new trade agreement between the two countries.“It was a beautiful visit, and we concluded our trade deal, whereby the Philippines is going open market with the United States and zero tariffs. The Philippines will pay a 19% tariff,” news agency Reuters reported Trump
Eternal stock soars 10.34% despite plunge in Q1 net profit
Food aggregator Zomato’s parent firm Eternal’s stock price rose 10.34% to ₹299.8 on Tuesday, despite a 90% plunge in Q1FY26 net profit to ₹25 crore. The last time the stock was up the same quantum was on July 26, 2021, three days after it got listed. The stock’s performance assumes significance as among the 993 days of trading, it was
Butlr body heat sensors make offices more efficient
Butlr heat sensing tech provides insights into office space utilization. Courtesy of Butlr A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future
Paytm swings to black with Q1 net of ₹122.5 crore
Financial Services revenue grew 100% YoY to ₹561 crore. | Photo Credit: SAHIBA CHAWDHARY Paytm swung to a net profit of ₹122.5 crore for the quarter ended June 30 from a net loss of ₹840 crore logged in the year-earlier period. Revenue increased 28% to ₹1,917.5 crore. “Contribution profit increased 52% YoY to ₹1,151 crore with the contribution margin improving
DRI uncovers Rs 30 crore customs duty fraud in luxury furniture imports
The Directorate of Revenue Intelligence (DRI) on Tuesday (July 22) uncovered a large-scale customs fraud involving the import of premium luxury furniture. Acting on specific intelligence, DRI officials carried out searches at several locations, including business premises, warehouses, offices of freight forwarders, customs brokers, and other related entities. The investigation has revealed a well-planned network used to undervalue and wrongly
MakeMyTrip posts 22% profit growth despite travel headwinds in Q1
BENGALURU: Online travel firm MakeMyTrip reported a 22.6 per cent year-on-year rise in net profit to $25.8 million for the quarter ended June 30, 2025, even as disruptions in May and June dented leisure travel demand. Revenue grew 7.8 per cent in constant currency terms to $268.8 million, supported by gains in bus ticketing and international travel segments.CEO Rajesh Magow
Maize acreage up 15% till July 21, seen heading for a new high as farmers expand area
As more farmers eye maize crop, the planting of the coarse cereal crop has seen an increase of 15 per cent across the country till the third week of July. Per the Agriculture Ministry data as of July 21, maize has been planted on nearly 71.21 lakh hectares (lh) this year compared to 61.73 lakh hectares during the same period
India grapples with soaring cybercrime as cases jump 140% in 5 years
India is facing a sharp rise in cybercrime, with registered cases soaring from 27,248 in 2018 to 65,893 in 2022, marking a more than 140% increase in just five years. The data was released by the Ministry of Home Affairs in a written reply in the Lok Sabha. While the report was issued in the context of crimes against the
Gross NPAs of Public Sector Banks drop sharply to 2.58% in FY25: Finance Ministry
The gross non-performing assets (NPAs) of public sector banks (PSBs) have seen a significant decline—from 9.11% of total loans in March 2021 to 2.58% in March 2025, according to Union Minister of State for Finance Pankaj Chaudhary. He shared this data in a written reply to the Rajya Sabha on Tuesday, crediting sustained government and RBI efforts for the turnaround.
Over Rs 28,996 crore loans disbursed to SC, ST and women entrepreneurs under Stand-up India Scheme: FM Sitharaman
Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday that loans amounting to Rs 28,996.15 crore have been sanctioned under the Stand-Up India scheme between April 2022 and March 2025. These loans have been extended to Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs to promote enterprise development among marginalised communities. According to the Finance Minister’s written reply,
Paytm turns profitable: Fintech firm posts Rs 122.5 crore Q1 net profit, driven by cost cuts and payments growth
Fintech major One97 Communications, which operates under the Paytm brand, reported its first-ever consolidated net profit of Rs 122.5 crore in the quarter ended June 2025 (Q1 FY26), helped by cost optimisation and a rise in payment revenues, the company said in a statement on Tuesday.The firm had posted a net loss of Rs 840 crore in the same quarter
Credit card startup Imprint beats big banks for Rakuten co-brand deal
A view of the logo of Rakuten Mobile at its branch in Tokyo, Japan, November 28, 2023. Staff | Reuters There’s a new player making waves in an industry dominated by big banks. Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process for a new co-branded card from online shopping platform Rakuten, CNBC has learned.
In the absence of a crop insurance scheme, Kashmir’s orchardists bear the brunt of extreme weather
File picture: A farm worker plucks apples in an orchard in Budgam district of Central Kashmir | Photo Credit: S. Irfan A sudden hailstorm on June 2 battered apple and cherry orchards across more than a dozen fruit-rich villages in Kashmir, dashing the hopes of thousands of farmers. Abdul Gani, a well-heeled apple grower from Zainapora in south Kashmir’s Shopian
India seen as safe haven amid global trade jitters, to lead 2025 growth: JP Morgan
India has emerged as a relatively safe haven among emerging markets amid ongoing global trade uncertainties, according to a recent report by JP Morgan.The financial major said India is benefiting from a combination of falling inflation, improved system liquidity, and reduced government borrowing—factors that are expected to support economic expansion, ANI reported. “India: Falling inflation, enhanced system liquidity and lower
JPMorgan considers offering loans backed by clients’ cryptocurrency holdings: Report
The move comes as other major U.S. banks, including Bank of America and Citibank, are developing stablecoins [File] | Photo Credit: AP JPMorgan Chase is exploring plans to offer loans backed by clients’ cryptocurrency holdings, including bitcoin and ether, as early as next year, the Financial Times reported on Tuesday, citing people familiar with the matter. The move comes as
Legacy of Jagdeep Dhankhar: A legal mind, a constitutionalist, and outspoken leader
Jagdeep Dhankhar Resigns: Vice President Jagdeep Dhankhar tendered his resignation on July 21, citing health concerns and the need to prioritise personal well-being. The resignation, submitted to President Droupadi Murmu under Article 67(a) of the Constitution, takes immediate effect. Dhankhar expressed gratitude to the President, Prime Minister Narendra Modi, members of the Council of Ministers, and Parliamentarians for their support
ChatGPT-maker OpenAI and UK sign new strategic partnership
OpenAI head Sam Altman praised the government for being the first to recognise the technology’s potential [File] | Photo Credit: REUTERS Britain and ChatGPT maker OpenAI have signed a new strategic partnership to deepen collaboration on AI security research and explore investing in British AI infrastructure, such as data centres, the government said on Monday. “AI will be fundamental in driving
Asian stocks firm; Wall Street rally boosts sentiment; crude oil slips on trade worries
Asian markets hovered near a four-year high on Tuesday, supported by Wall Street’s record close and optimism around upcoming corporate earnings. Investors also tracked global trade developments, especially US tariff talks with key partners, Reuters reported.Japanese markets reopened after a holiday, reacting calmly to weekend election results where the ruling coalition lost in the upper house. Despite the setback, Japan’s
Zomato parent sees Q1 profit plunge 90%
BENGALURU: Eternal-the listed parent of Zomato – posted a net profit of Rs 25 crore, an over 90% decline from Rs 253 crore in the year-ago period, due to increased investments in Blinkit and other emerging segments. Eternal reported a 70% year-on-year increase in consolidated revenue to Rs 7,167 crore for the quarter. Source link
Titan to acquire 67% stake in UAE-based Damas jewellery
The country’s leading branded jewellery maker Titan will acquire a majority 67% stake in UAE-based Damas Jewellery in an all-cash deal, a move which helps the Tata group-managed firm to expand business in GCC countries. Titan’s wholly-owned subsidiary Titan Holdings International FZCO on Monday signed a definitive agreement with Mannai Corporation for the purchase of its 67% shareholding in Damas
Pepsi introduces prebiotic cola after Poppi acquisition
Pepsi Prebiotic Cola. Courtesy: PepsiCo PepsiCo on Monday announced that it will launch a prebiotic cola under its namesake soda brand, starting this fall. Pepsi Prebiotic Cola comes just four months after the beverage giant announced its $1.95 billion acquisition of upstart Poppi. Soda consumption has broadly fallen over the past two decades in the U.S. But prebiotic sodas, fueled
LVMH-backed L Catterton takes 20% Flexjet stake
A FlexJet Gulfstream G450 airplane approaches San Diego International Airport for a landing on May 9, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images An investment group led by LVMH’s private equity arm is buying 20% of private jet company Flexjet, marking the latest push by the luxury industry to expand into travel. L
CEO Russell Weiner discusses results
As the restaurant industry aims to lure frugal consumers with discounts and deals, Domino’s Pizza thinks it can steal diners from its competitors. “I think the industry headwinds are actually tail winds for us. Meaning, of course, they’re headwinds, but we’re going to gain [market] share during this time frame,” CEO Russell Weiner told CNBC on Monday. Domino’s on Monday
SBI raises ₹25,000 crore via largest ever QIP
MUMBAI State Bank of India (SBI) said it has raised ₹25,000 crore through qualified institutional placement (QIP) of its equity shares, the largest QIP ever executed in the Indian capital markets. The equity shares were priced at premium to floor price of ₹811.05 per share. “The book received robust demand and was oversubscribed 4.5 times, reflecting strong investor confidence in
Vice President Jagdeep Dhankhar resigns citing health reasons
Vice President Jagdeep Dhankhar on Monday (July 21) officially resigned from his position, citing health concerns and the need to prioritise medical advice. The resignation came on the first day of the monsoon session of Parliament His resignation, submitted under Article 67(a) of the Indian Constitution which is effective immediately. In his resignation letter addressed to President Droupadi Murmu, Dhankhar