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JSW Cement, the building materials arm of Sajjan Jindal-led JSW

MUMBAI: A sharp increase in provisions pulled down quarterly profit

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Mahindra & Mahindra Ltd (M&M) on Saturday said it has completed the acquisition of a 58.96% controlling stake in commercial vehicle maker SML Isuzu Ltd from Japan’s Sumitomo Corporation and

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

MUMBAI: A sharp increase in provisions pulled down quarterly profit at Federal Bank, India’s sixth-largest private lender, even as asset quality and core earnings improved. Net profit declined 14.6% to

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

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JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Mark Carney Sworn In As New Canada PM Amid Threats To Trade, Sovereignty

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Mark Carney was sworn in as Canada’s prime minister on Friday in Ottawa. Carney took oath in the office in the presence of General Mary Simon, the personal representative of King Charles.

In light of the deteriorating relations with the US under President Donald Trump’s administration, his leadership marks a significant change in the country’s political landscape. Carney, a 59-year-old former governor of the Bank of Canada and Bank of England, took the oath in both English and French, pledging allegiance to King Charles III and vowing to serve as a “faithful and true servant to his majesty”.

Carney’s defeated his rivals on Sunday in a race to become leader of the ruling Liberal Party, despite lacking prior political experience. This unprecedented move has sparked interest, especially given Carney’s background in navigating complex economic crises. His first major challenge will be addressing the strained US-Canada relations, which have hit an all-time low.

To tackle this, Carney plans to reshape his cabinet, with Finance Minister Dominic LeBlanc shifting to the international trade portfolio and Innovation Minister Francois-Philippe Champagne taking over as finance minister. This strategic move aims to bolster Canada’s alliances in Europe, particularly in London and Paris, where Carney is scheduled to visit next week.

Carney replaces Justin Trudeau, who served as prime minister for over nine years. Carney’s outsider status, combined with his experience in managing crises, was seen as a major factor in his victory.

In a statement, Carney emphasised his commitment to defending Canadian sovereignty, saying he would only meet with Trump “when there is respect for Canadian sovereignty.” He also reiterated his intention to maintain retaliatory tariffs on US goods until the US demonstrates respect for Canada.

Efforts are currently underway to arrange a call between Trump and Carney, according to Canadian Foreign Minister Melanie Joly.
 




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