Chennai (IANS) Indian bank credit could be restricted to 12-14 per cent in fiscal 2025 if deposit growth remains tepid coupled with increasing cost of funds and competition for funds, said S&P Global Ratings in a report. “Deposit growth continues … read more
Mumbai (IANS) The Nifty ended the Budget week higher (2.35 per cent) after falling for two straight weeks, said Deepak Jasani, Head of Retail Research at HDFC Securities. Nifty ended on a positive note though off the intra-day high in … read more
New Delhi (IANS) Online food delivery platform Swiggy is cutting almost seven per cent of its workforce, or about 400 jobs, in the second round of layoffs, a media report said on Thursday. This move is aimed at improving its … read more
Chennai (IANS) Two- and three-wheeler major TVS Motor Company Ltd closed the third quarter of FY24 with a higher net profit of Rs 593.35 crore. In a regulatory filing on Wednesday, TVS Motor said for the quarter ended December 31, … read more
New Delhi (IANS) The country’s power generation based on domestic coal increased by 7.14 per cent to 872 billion units during April-December of the current financial year, compared to 813.9 billion units generated in the same period of the previous … read more
Hyderabad (IANS) Boeing estimates India will need more than 2,500 new aircraft by 2042 to cater to the needs of its growing civil aviation market. Addressing a news conference at Wings India 2024, the civil aviation conclave and exhibition, Boeing’s … read more
New Delhi (IANS) India’s trade deficit may turn volatile in the coming months given the supply-side disruptions in the Red Sea due to the attacks on commercial ships by Houthi rebels in retaliation to Israel’s action in Gaza, according to … read more
New Delhi (IANS) Around 60 per cent of Asia’s top companies will upgrade hardware and software technologies by 2025 to increase worker retention with personalised work experiences and enhanced collaboration, according to a new report. Generative AI emerges as a … read more
New Delhi (IANS)The surge in FPI inflows during December 2023 which stood at Rs 58,372 crore, slowed down in early January 2024, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. As per NSDL data, total FPI investment through … read more
Ahmedabad (IANS) Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, announced on Thursday that the Tata Group’s upcoming investment in semiconductor fabrication in Gujarat is set to be substantial. This announcement was made during the biennial Vibrant Gujarat Global … read more