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Finance, Banking & Insurance

News   -   Jan 02, 2025 Banks' Non-Food Credit Drops to 11.8%
Banks' Non-Food Credit Drops to 11.8%

According to data released by the Reserve Bank of India (RBI), non-food credit year-on-year growth in scheduled commercial banks dropped to 11.8% in November 2024, compared to 16.5%. The industry also saw a loan growth of 8.1% in November 2024 compared to the figure of 5.5%

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News   -   Jan 02, 2025 Primary Market Investment Surges as FPIs Shift Focus from Secondary Market
Primary Market Investment Surges as FPIs Shift Focus from Secondary Market

Foreign portfolio investors (FPIs) invested $14.5 billion in India's primary market in 2024, primarily through initial public offerings (IPOs) and qualified institutional placements (QIPs), while pulling out $14.37 billion from the secondary market, netting $124 million, according to National Securities Depository Limited (NSDL). 90 IPOs raised

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News   -   Dec 31, 2024 Deadline for Filing 'Belated and Revised' Tax Returns Extended
Deadline for Filing 'Belated and Revised' Tax Returns Extended

The Central Board of Direct Taxes (CBDT) has extended the deadline for resident individuals to file their "belated or revised" Income Tax Returns (ITR) for the Assessment Year (AY) 2024-25. Originally set for 31 December 2024, the new deadline is 15 January 2025. Taxpayers who missed the earlier

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News   -   Dec 31, 2024 Gold Loan Defaults Rise amid Economic Slowdown
Gold Loan Defaults Rise amid Economic Slowdown

Gold loan defaults surged 30% to ₹6,696 crore ($805 million) by June 2024. This trend is being seen as an indicator of the economy slowing down. As gold prices surged, families pledged their gold to spend on household needs, but were unable to service the loans or reclaim the

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News   -   Dec 30, 2024 Market Down as Both Sensex and Nifty Fall over 0.5%
Market Down as Both Sensex and Nifty Fall over 0.5%

The Nifty 50 fell 168.50 points, or 0.71%, to close at 23,644.90; while the Sensex lost 450.94 points, or 0.57%, and was at 78,248.13 as trading ended.

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News   -   Dec 30, 2024 Adani Enterprises Exits Venture with Wilmar International
Adani Enterprises Exits Venture with Wilmar International

In a press release, Adani Enterprises Limited (AEL) announced its full exit from the food, edible oil and consumer goods joint venture Adani Wilmar, where it holds a 44% stake. Lence Pte. Ltd., a subsidiary of Wilmar International, will acquire 31.06% of Adani Wilmar's equity shares from

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News   -   Dec 30, 2024 Family Offices Ramp Up Investments in Startups Across Emerging Sectors
Family Offices Ramp Up Investments in Startups Across Emerging Sectors

According to The Times of India, family offices, including those of Wipro's Azim Premji and Manipal Education and Medical Group (MEMG), are increasingly investing in sectors like chip technology, robotics, and green energy. Over $1 billion has been allocated to more than 60 funding deals in 2023 and

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News   -   Dec 20, 2024 Finance Minister to Hold Pre-Budget Talks with States Over Growth Policies
Finance Minister to Hold Pre-Budget Talks with States Over Growth Policies

Finance Minister Nirmala Sitharaman will meet state finance ministers on Friday in Jaisalmer for pre-Budget consultations ahead of the 2025-26 Union Budget. States are expected to push for financial packages and initiatives to support innovation, investment, and job creation, with particular focus on micro, small, and medium enterprises (MSMEs). States

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Banks' Non-Food Credit Drops to 11.8%
News   -   Jan 02, 2025 Banks' Non-Food Credit Drops to 11.8%

According to data released by the Reserve Bank of India (RBI), non-food credit year-on-year growth in scheduled commercial banks dropped to 11.8% in November 2024, compared to 16.5%. The industry also saw a loan growth of 8.1% in November 2024 compared to the figure of 5.5%

by Publisher
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Finance, Banking & Insurance Articles 41 Articles
News   -   Jan 02, 2025 Banks' Non-Food Credit Drops to 11.8%
Banks' Non-Food Credit Drops to 11.8%

According to data released by the Reserve Bank of India (RBI), non-food credit year-on-year growth in scheduled commercial banks dropped to 11.8% in November 2024, compared to 16.5%. The industry also saw a loan growth of 8.1% in November 2024 compared to the figure of 5.5%

by Publisher
News   -   Jan 02, 2025 Primary Market Investment Surges as FPIs Shift Focus from Secondary Market
Primary Market Investment Surges as FPIs Shift Focus from Secondary Market

Foreign portfolio investors (FPIs) invested $14.5 billion in India's primary market in 2024, primarily through initial public offerings (IPOs) and qualified institutional placements (QIPs), while pulling out $14.37 billion from the secondary market, netting $124 million, according to National Securities Depository Limited (NSDL). 90 IPOs raised

by Publisher
News   -   Dec 31, 2024 Deadline for Filing 'Belated and Revised' Tax Returns Extended
Deadline for Filing 'Belated and Revised' Tax Returns Extended

The Central Board of Direct Taxes (CBDT) has extended the deadline for resident individuals to file their "belated or revised" Income Tax Returns (ITR) for the Assessment Year (AY) 2024-25. Originally set for 31 December 2024, the new deadline is 15 January 2025. Taxpayers who missed the earlier

by Publisher
News   -   Dec 31, 2024 Gold Loan Defaults Rise amid Economic Slowdown
Gold Loan Defaults Rise amid Economic Slowdown

Gold loan defaults surged 30% to ₹6,696 crore ($805 million) by June 2024. This trend is being seen as an indicator of the economy slowing down. As gold prices surged, families pledged their gold to spend on household needs, but were unable to service the loans or reclaim the

by Publisher
News   -   Dec 30, 2024 Market Down as Both Sensex and Nifty Fall over 0.5%
Market Down as Both Sensex and Nifty Fall over 0.5%

The Nifty 50 fell 168.50 points, or 0.71%, to close at 23,644.90; while the Sensex lost 450.94 points, or 0.57%, and was at 78,248.13 as trading ended.

by Publisher
News   -   Dec 30, 2024 Adani Enterprises Exits Venture with Wilmar International
Adani Enterprises Exits Venture with Wilmar International

In a press release, Adani Enterprises Limited (AEL) announced its full exit from the food, edible oil and consumer goods joint venture Adani Wilmar, where it holds a 44% stake. Lence Pte. Ltd., a subsidiary of Wilmar International, will acquire 31.06% of Adani Wilmar's equity shares from

by Publisher
News   -   Dec 30, 2024 Family Offices Ramp Up Investments in Startups Across Emerging Sectors
Family Offices Ramp Up Investments in Startups Across Emerging Sectors

According to The Times of India, family offices, including those of Wipro's Azim Premji and Manipal Education and Medical Group (MEMG), are increasingly investing in sectors like chip technology, robotics, and green energy. Over $1 billion has been allocated to more than 60 funding deals in 2023 and

by Publisher
News   -   Dec 20, 2024 Finance Minister to Hold Pre-Budget Talks with States Over Growth Policies
Finance Minister to Hold Pre-Budget Talks with States Over Growth Policies

Finance Minister Nirmala Sitharaman will meet state finance ministers on Friday in Jaisalmer for pre-Budget consultations ahead of the 2025-26 Union Budget. States are expected to push for financial packages and initiatives to support innovation, investment, and job creation, with particular focus on micro, small, and medium enterprises (MSMEs). States

by Publisher
Latest Articles 8 Articles
Economy   -   May 30, 2025 GDP Growth Surprises on the Upside
GDP Growth Surprises on the Upside

India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended in March, despite mounting global economic uncertainty. Gross domestic product of the fourth quarter of the government’s fiscal year 2025 came in sharply higher than the 6.7% growth forecast by economists in

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Economy   -   May 29, 2025 Indian GDP Surpasses Japan
Indian GDP Surpasses Japan

India, which was ranked tenth in the world in 2014, continues to be the fastest-growing major economy. B.V.R. Subrahmanyam, CEO of India’s state-run think tank Niti Aayog said, “we are the fourth-largest economy as I speak ... and this is not my data. This is IMF [international monetary

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News   -   May 23, 2025 STARLINK WILL MAKE INDIA AS VULNERABLE AS UKRAINE
STARLINK WILL MAKE INDIA AS VULNERABLE AS UKRAINE

If PM Modi licenses SpaceX’s Starlink satellite internet service, India will be risking national sovereignty and security in handing over the keys to its skies to Elon Musk.

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Commerce & Industry   -   Jan 31, 2025 Modi Says India is Becoming a Major Maritime Power
Modi Says India is Becoming a Major Maritime Power

Prime Minister Narendra Modi on Wednesday said India is becoming a major maritime power and is being recognised as a reliable and responsible partner in the world. Speaking after the commissioning of three naval warships here, Modi said India has always supported an open, secure, inclusive and prosperous Indo-Pacific region.

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Jan 15, 2025 Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX
Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1

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Jan 15, 2025 GOP Lawmaker Warns Adani Case Could Harm US-India Relations
GOP Lawmaker Warns Adani Case Could Harm US-India Relations

A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.

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News   -   Jan 15, 2025 Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal
Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal

The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money

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News   -   Jan 15, 2025 Armed Forces' Welfare a Govt Priority, says PM Modi
Armed Forces' Welfare a Govt Priority, says PM Modi

Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering

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