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MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year

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MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year fall in net profit to Rs 4,472.2 crore for the quarter ended June 2025, primarily due to a one-time gain

File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority.

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to

File photo: Commerce and industry minister Piyush Goyal (Picture credit: PTI) Commerce and industry minister Piyush Goyal on Saturday said that discussions with the United States on the proposed bilateral

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MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year fall in net profit to Rs 4,472.2 crore for the quarter ended June 2025, primarily due to a one-time gain

File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority.

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to

NEW DELHI: Union commerce and industry minister Piyush Goyal on Saturday hailed the newly signed free trade agreement with the United Kingdom and said that the deal was signed on

Britain announces landmark rise in def spending on eve of PM’s US trip

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Britain announces landmark rise in def spending on eve of PM's US trip

Britain Tuesday announced a landmark increase in military spending, seeking to send a powerful signal about burden sharing to President Trump before PM Keir Starmer meets him at the White House on Thursday.
Starmer said Britain would raise its military spending to 2.5% of economic output by 2027, and to 3% during the next govt’s term, which would mean by 2034 at the latest. Britain, he said, would pay for the massive new expenditure by scaling back by 40% spending on overseas development aid. The Labour govt had already promised to raise expenditure to 2.5% of GDP, from a current level of 2.3%, but it had not given a date by which it would do so. The move would amount to an increase in expenditure of £13.4 billion ($17 billion) a year on defence between now and 2027.
“We must change our national security posture because a generational challenge demands a generational response,” Starmer said in a statement to Parliament. Starmer said the govt would cut overseas development aid from 0.5% of GDP to 0.3%, adding that he regretted the reduction. “At times like this, the defence and security of the British people must always come first,” the PM said.
The govt’s aid cutback, which came on top of a previous cut under a Conservative PM, Boris Johnson, in 2020, echoes the Trump administration’s drastic retreat fromforeign aid. But Starmer presented his decision as a temporary measure necessitated by the challenging new security environment.





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