Bank Deposits Cross Rs 253 Lakh Crore, RBI Data Shows
Reserve Bank of India data reveals that deposits in Indian banks exceeded Rs 253 lakh crore as of December 25, 2024, marking significant growth in the financial sector.
Category : Business
Maharashtra Tops Export Readiness Index, Beats Tamil Nadu
Maharashtra emerges as India's most export-ready state in Niti Aayog's 2024 index, surpassing Tamil Nadu. Gujarat, Uttar Pradesh, Andhra Pradesh follow in rankings.
Infosys CEO Denies US Arrest Rumors About Employees
Infosys CEO Salil Parekh addressed false rumors during Q3 earnings call, confirming no employees were apprehended by US authorities. The company clarified the situation.
Government Slows India's 10-Minute Delivery Race
India's quick-commerce platforms are stepping back from their 10-minute delivery promise due to government pressure over gig worker safety and stress concerns.
Young Borrowers Drive Credit Growth, Mid-Age Anchors Loans
CRIF High Mark report reveals borrowers under 30 lead new credit entry and unsecured lending, while 31-40 age group dominates loan portfolios. Uttar Pradesh and Maharashtra have highest young borrower bases.
World Bank Raises India's GDP Growth Forecast to 7.2%
The World Bank has revised India's GDP growth projection upward to 7.2% for the fiscal year 2026, reflecting strong economic momentum and positive indicators.
India's Bank Credit Crosses ₹200 Lakh Crore, Unsecured Loans Boom
India's overall bank credit has soared past ₹200 lakh crore for the first time, hitting ₹203.2 lakh crore by December 2025. Unsecured loans and credit card debt are driving this unprecedented growth, with year-on-year credit expansion nearly doubling.
IndiGo Crisis: CCI Must Act as Proactive Regulator
While DGCA faces criticism over IndiGo's flight cancellations, the Competition Commission of India's passive role raises concerns. CCI must proactively investigate potential market abuse instead of waiting for complaints.
Labour Codes Dent Q3 Earnings, IT Firms Face Pressure
India's new labour regulations increase payroll costs, impacting corporate earnings in Q3. IT companies like TCS and Infosys see significant margin pressure as employee expenses rise.
Pakistan Inks Stablecoin Pact with Trump-Linked Firm
Pakistan partners with World Liberty Financial, a crypto firm tied to US President Donald Trump, to explore stablecoin use for cross-border payments amid regulatory shifts.
Mumbai Airport Radar Move to Gorai Unlocks Dahisar Housing
Maharashtra CM Devendra Fadnavis announces AAI's decision to relocate airport radar from Dahisar to Gorai, approved by Civil Aviation Minister. This move frees up land for affordable housing projects, potentially building 50,000 homes in North Mumbai.
Infosys Q3 Profit Falls 2.2% on Labour Code Impact
Infosys reports a 2.2% decline in Q3 net profit to Rs 6,654 crore, impacted by Rs 1,289 crore in labour code expenses. Revenue grows 8.9% to Rs 45,479 crore. The company provides FY26 guidance of 3.0-3.5% revenue growth and 20-22% operating margin.
Auto Parts Industry Faces US Tariff Impact in H2 FY26
ACMA reports steady H1 growth but warns US tariffs will hit exports in second half. Trade deficit emerges as imports outpace exports, while domestic demand provides cushion.
India's 10-Minute Grocery Delivery Debate
Union labour minister urges quick commerce firms to drop '10-minute delivery' ads, sparking debate on whether this addresses road safety or is just symbolic policy.
Air India, Saudia Sign Codeshare Deal to Boost Connectivity
Air India and Saudia signed a codeshare agreement to enhance travel between India and Saudi Arabia, offering streamlined booking and expanded destination access.
Auto Component Exports Rise 9.3% in April-September
India's auto component exports surged by 9.3% in the April-September period, reaching $10.5 billion. The growth is driven by strong demand from key markets like the US and Europe.
Burnout in India's White-Collar Workforce: A New Normal?
A Reddit post reveals deep exhaustion among Indian professionals. Long hours, commutes, and constant connectivity are taking a toll. Is burnout now the price of success?
India-US Trade Talks Resume After Holidays, No Deadline
Trade negotiators from India and the US have restarted virtual discussions for a bilateral agreement after the Christmas break. Officials confirm engagement but refuse to set a signing timeline.
US Markets Fall on Mixed Bank Results, Rising Oil and Gold
US stock markets declined on Wednesday with the S&P 500 dropping 0.3% as investors reacted to disappointing bank earnings and rising commodity prices. Oil and gold gained amid supply concerns and safe-haven demand.
Gold, Silver Hit Record Highs on MCX Amid Geopolitical Tensions
Gold and silver prices surged to fresh record highs on MCX, extending their winning streak to four days. Intensifying Middle East tensions and global uncertainties boosted safe-haven demand, driving significant gains.
US Supreme Court to Rule on Trump's Global Tariffs
The US Supreme Court is poised to deliver a verdict on Donald Trump's global tariffs, a case testing presidential authority and impacting global trade. Trump warns of financial fallout if the court strikes down the levies.
Wall Street Dips on Bank Earnings News
US stock markets declined as investors analyzed earnings from major banks. The Dow Jones, S&P 500, and Nasdaq all fell amid mixed financial results and economic concerns.
Saudi Arabia Discovers 7.8 Million Ounces of Gold
Saudi Arabia announces a major gold discovery of 7.8 million ounces across four mining sites, marking a significant boost to the Kingdom's mineral resources and economic diversification plans.
Infosys ADR Jumps 5% After Revenue Guidance Revision
Infosys ADR stock surged over 5% on Wall Street following the company's upward revision of its revenue guidance for FY 2025-26, reflecting strong market confidence.
What Makes a Mutual Fund Good? Look Beyond Returns
A good mutual fund isn't about last year's returns or star ratings. It's about consistency, role in your portfolio, cost, and fund house culture. Learn how to evaluate funds properly.
Trump Eyes Greenland Rare Earths, Billionaires Invest in Mining
The US shows strategic interest in Greenland's rare earth reserves. Tech billionaires like Gates and Bezos invest in mining projects for AI chips and advanced technologies.
Mahindra XUV 7XO & XEV 9S Bookings Hit 90,000
Mahindra & Mahindra announces over 90,000 bookings for XUV 7XO and XEV 9S, with deliveries starting. Details on features, battery options, and pricing revealed.
HCLTech Appoints Sandeep Saxena Chief Growth Officer
HCLTech promotes Sandeep Saxena to Chief Growth Officer, strengthening its strategic focus on the India market. He will report directly to CEO C Vijayakumar from Mumbai.
State Street Invests ₹580 Cr in Groww Mutual Fund
State Street Global Advisors invests ₹580 crore in Groww Asset Management Co. The deal includes secondary and primary capital, diluting Billionbrains' stake by up to 23%.
Budget 2026: Fiscal Discipline Meets Strategic Capex Focus
Finance Minister Nirmala Sitharaman will present Union Budget 2026 on February 1. Analysts expect continued fiscal consolidation with targeted spending in defence, pharma, and sunrise sectors.
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