Why India’s iron ore imports are at a seven-year high despite ample reserves

India imported 12.2 million tonnes of iron ore in calendar year 2025, nearly double the previous year, according to commodities market intelligence firm BigMint. Brazil and Oman emerged as the largest suppliers, with JSW Steel alone accounting for nearly 80% of total imports. Import economics The surge has been led largely by company-specific supply constraints…

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India, US actively engaged on trade deal; will invite India for full membership of Pax Silica: Ambassador Sergio Gor

The US and India will hold a fresh round of trade negotiations on Tuesday, as Washington moves to integrate New Delhi into Pax Silica, an alliance to counter China in chips, critical minerals, and AI infrastructure. The two countries are actively engaged on the much-anticipated trade deal, new US ambassador to India Sergio Gor said…

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In a luxury-focussed card market, BoB Card bets on health and insurance

With rising medical costs and changing customer preferences reshaping how credit cards are used, the Bank of Baroda subsidiary is moving away from one-size-fits-all offerings towards cohort-specific products. Gen Z users, women, professionals and uniformed personnel are among the key segments it is targeting through specialised cards offering healthcare, insurance and customised benefits. The latest…

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Bank holidays next week, Jan 12-18: From Makar Sankranti, Swami Vivekananda birthday, to Uzhavar Thirunal. Full schedule

Bank holidays next week: The Reserve Bank of India‘s full schedule for January 2025 is out and among the days which banks will be closed this week include the birthday of Swami Vivekananda, Makar Sankranti, Thiruvalluvar Day, and Uzhavar Thirunal, besides the weekly offs on Saturdays and Sundays. There are a total of 16 bank…

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