Economy News

RBI's new project finance directions to cushion banks against risk: Report

The new direction brings in a higher base level standard asset provisioning for under-construction projects set at 1 per cent and a slightly higher 1.25 per cent for under-construction CRE exposures (that compares with the extant 0.4 per cent to 1.0 per cent), with step-ups linked to DCCO deferment period.

Jun 26, 2025

Sensex ends lower in volatile session as Mideast tensions flare up

Sensex surges 1,000 points, banking and heavyweight stock gain

The Sensex jumped 1,000.36 points, or 1.21 per cent, to settle at 83,755.87. During the session, the index touched an intra-day high of 83,812.09 and a low of 82,816.26.

Jun 26, 2025

Union Bank of India Plans ₹6,000 Crore Fundraising

Union Bank of India plans Rs 6,000 crore fundraising to support growth initiatives

Union Bank of India, a leading public sector bank, has announced a strategic plan to raise Rs 6,000 crore through a combination of equity and debt instruments. This decision, approved by the bank's board, was revealed after market hours on a recent Wednesday. The move is part of the bank's broader strategy to strengthen its financial position and support its growth initiatives.

Jun 26, 2025

E-commerce to fuel India's $1 trillion digital opportunity by 2030: Report

This demonstrates it is no longer a niche phenomenon catering to a small segment but has firmly established itself as a dominant force within the Indian retail landscape for a significant and growing share of the population, said Bessemer Venture Partners in its report.

Jun 26, 2025

India's economy remains resilient amid spike in global uncertainties: RBI

Agriculture showed a broad-based increase in production across most major crops during 2024-25. The domestic prices situation remains benign with headline inflation staying below the target for the fourth consecutive month in May, the report states.

Jun 25, 2025

Adani Total Gas partners Jio-bp to enhance quality fuel supply to consumers

Adani Total Gas partners Jio-bp; what this means for consumers

The agreement covers both existing and future outlets of the two partners, with ATGL currently operating a network of 650 CNG stations and Jio-bp boasting a network of 2,000 outlets. This collaboration is a significant milestone in the journey of both companies towards sustainable growth and innovation.

Jun 25, 2025

Number of India's dollar millionaires to surge 55 pc by 2029: Report

From 2014 to 2024, organic growth varied sharply by region, with wealth managers in the Asia Pacific region (APAC) achieving rates of 50 per cent -- more than double that of their peers in EMEA (Europe, Middle East and Africa) and North America, driven decisively by emerging markets like India, the report states.

Jun 25, 2025

a-woman-counts-u-s-dollars-at-a-money-changer

Trade wars resurgent: Tariff tensions reshaping global growth

Global trade, at $33 trillion in 2024, teeters under protectionism's weight. A G20-led tariff truce could save $500 billion, shielding 1.2 billion from inflation's grip, per World Bank.

Jun 22, 2025

CBDT scanner on Swiss accounts leading to higher tax declarations in revised ITRs

CBDT scanner on Swiss accounts results in higher tax declarations in revised ITRs on foreign assets

As a part of these mechanisms, India regularly receives information about such foreign accounts and assets from 100+ tax jurisdictions. India also receives information about foreign assets and income being maintained in Switzerland, through different mechanisms of exchange of information.

Jun 21, 2025

Sensex, Nifty end in green ahead of RBI MPC decision

Indian stock market trades in green amid rising geopolitical tensions

At around 9.32 am, Sensex was trading 160.49 points or 0.20 per cent up at 81,743.79 while the Nifty added 57.40 point or 0.23 per cent at 24,910.80.

Jun 18, 2025

Mumbai's CSMIA 1st airport in India to attain Level 5 accreditation from ACI: Gautam Adani

India's aviation sector storms into world's top 3 markets, creates 7.7 million jobs

IATA's country director for India, Nepal and Bhutan, Amitabh Khosla, said India's rise to the third rank in the global market comes on the back of stronger airlines, growth of connectivity, and increased airport infrastructure.

Jun 2, 2025

Mumbai: Prime Minister Narendra Modi attends the Global FinTech Fest

India stands out as global fintech bright spot as credit demand surges

Fintech-led digital lending grew at 35 per cent CAGR in 2024, driven by rising credit demand, according to the report by QED Investors and Boston Consulting Group (BCG).

Jun 2, 2025

India pips China as top investment country for global family offices

Global family offices are most likely to increase their exposure in their investment portfolios to India and China over the next 12 months and India has scored far better on the list, according to the '2025 Global Family Office' report by UBS.

May 27, 2025

Low inflation to boost purchasing power, bolster fiscal finances in India: HSBC

Low inflation for the rest of the year will result in improving real purchasing power of households and lowering input costs for corporates in India, an HSBC Research report said on Monday, adding that a less obvious, but equally important benefit, could be via fiscal finances.

May 26, 2025

India most resilient economy among top 10, to become 4th largest one by 2026: PHDCCI

India's strong domestic market cushions economy against global trade shocks: Report

India is in a stronger position than other countries to withstand global trade disruptions, in the wake of the US tariff turmoil, due to the large size of its domestic market and the country's low dependence on goods exports, according to a Moody's report released on Wednesday.

May 21, 2025

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Economy News

RBI's new project finance directions to cushion banks against risk: Report

Sensex surges 1,000 points, banking and heavyweight stock gain

Union Bank of India plans Rs 6,000 crore fundraising to support growth initiatives

E-commerce to fuel India's $1 trillion digital opportunity by 2030: Report

India's economy remains resilient amid spike in global uncertainties: RBI

Adani Total Gas partners Jio-bp; what this means for consumers

Number of India's dollar millionaires to surge 55 pc by 2029: Report

Trade wars resurgent: Tariff tensions reshaping global growth

CBDT scanner on Swiss accounts results in higher tax declarations in revised ITRs on foreign assets

Indian stock market trades in green amid rising geopolitical tensions

India's aviation sector storms into world's top 3 markets, creates 7.7 million jobs

India stands out as global fintech bright spot as credit demand surges

India pips China as top investment country for global family offices

Low inflation to boost purchasing power, bolster fiscal finances in India: HSBC

India's strong domestic market cushions economy against global trade shocks: Report

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react