Gross NPA of PSBs drops to 3.12 pc in 10 years, net profit at Rs 1.41 lakh cr in FY24: Centre

New Delhi (IANS) The gross non-performing asset (NPA) ratio of public sector banks (PSBs) declined to 3.12 per cent in September this year, from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the Centre informed on Thursday. 

Strong signs of government capex recovery in second half of FY25

New Delhi (IANS) A strong recovery in central government capex is expected in the second half of this fiscal (H2 FY25), according to a report on Wednesday. 

Defence, roadways and communication could show a sharp sequential jump, whereas Railways…

India’s growth to rebound to 7 pc in 2025-26: Report

New Delhi (IANS) India’s economic growth is expected to rebound to 7 per cent in 2025-26, despite the global uncertainties, primarily due to domestic policies, according to an Axis Bank research report released on Wednesday. 

The report states…

India’s retail inflation likely to ease: Report

New Delhi (IANS) India’s retail inflation based on the Consumer Price Index (CPI) is expected to ease to 5.5 per cent in November due to a decline in food prices, according to a Morgan Stanley report. 

"We expect CPI inflation to edge downwards…

Indian capital market to see 17-45 pc CAGR sustained revenue growth over FY24-27

Mumbai (IANS) The Indian capital market is projected to see 17-45 per cent compound annual growth rate (CAGR)-sustained revenue growth over FY24-27, a Motilal Oswal Financial Services Ltd (MOFSL) report said on Tuesday. 

The entire ecosystem…

Tata Motors, Kia India to increase prices across passenger vehicles portfolio

New Delhi (IANS) Tata Motors on Monday announced to hike prices by up to 3 per cent across its passenger vehicles (PVs) portfolio, including electric vehicles (EVs). 

Effective from January, the price increase will vary depending on model and…

India’s surging FDI inflows surpass $1,000 billion milestone in last 4 years

New Delhi (IANS) Foreign Direct Investment (FDI) inflows into India in the period between April 2000 to Sept 2024 have soared to $1,033.40 billion mark, reflecting the increasing investment opportunities in the country’s fast-growing economy, as per…

UPI provided credit access to poor, fuelled equitable growth: Study

New Delhi (IANS) India’s Unified Payments Interface (UPI) has succeeded in increasing financial inclusion and promoting equitable economic growth by enabling underserved groups, including subprime and new-to-credit borrowers to access formal credit…

Mcap of six of top-10 most valued firms surges Rs 2.03 lakh crore, TCS biggest winner

Mumbai (IANS) The combined market valuation of six of the top-10 most valued firms surged Rs 2.03 lakh crore last week as the Indian stock market ended with gains. 

In the trading session from December 2 to December 6, Nifty closed at 24,677…

India clocks impressive 67 pc growth in total exports in 10 years

New Delhi (IANS) As demand for Indian products in the global market surges across categories, the country’s total exports reached about $778 billion in FY2023-24, compared to $466 billion in FY2013-14 — a whopping 67 per cent growth. 

India’s…