Bank deposit growth in India outpaces credit offtake for 1st time in last 30 months

New Delhi (IANS) Bank deposits rose at 8.6 per cent compared to December 2023, reaching Rs 218.1 lakh crore (as of October 18), a report showed on Tuesday, adding that on an annual basis, deposit growth has outpaced credit offtake for the first time…

India’s home textiles industry to see 6-8 pc growth this fiscal

New Delhi (IANS) India’s home textile industry is set to witness 6-8 per cent growth this fiscal, riding on resilient demand from the US and expansion in the domestic market, according to a report on Tuesday. 

Following a 9-10 per cent rebound…

Sensex crashes 1300 pts, Nifty at four-month low

Mumbai (IANS) The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.

At 12 p.m., BSE Sensex was trading at 78,609, down 1,317 points or 1.65 per…

Market Outlook: US election, PMI, FII data key factors for next week

New Delhi (IANS) The market outlook for next week will be guided by US Presidential Election results, US Fed Interest Rate Decision, FII activities and major macro-economic data such as Indian and US PMI data, according to experts. 

Last week,…

Indian startups raise $12.2 bn, surpass 2023 figure with 2 months to go

New Delhi (IANS) The Indian startup ecosystem has reached $12.2 billion in funding in the first 10 months this year, crossing the total amount raised throughout 2023 (about $11 billion), with two months to go.  

Homegrown startups surpassed…

Samvat 2081 offers investors remarkable chance to reshape their financial journey

Mumbai (IANS) As the Indian stock markets embrace Samvat 2081, investors have a remarkable chance to reshape their financial journey amid a dynamic and evolving market, experts said on Saturday. 

This period, steeped in tradition and the promise…

UPI sets new record with 16.58 billion transactions worth Rs 23.5 lakh crore in Oct

New Delhi (IANS) The Unified Payments Interface (UPI)-based digital transactions continued to surge and in the month of October, the country saw 16.58 billion transactions worth Rs 23.5 lakh crore, the highest numbers since the UPI became operational…

Maruti Suzuki India clocks highest-ever exports in Oct, Tata Motors' sales flat

New Delhi/Mumbai (IANS) Maruti Suzuki India on Friday said it sold a total of 206,434 units in the month of October, which is its highest-ever monthly sales volume. The company also clocked highest-ever exports in the month. 

The country’s…

India's fiscal deficit narrows to 29.4 pc of FY25 target in April-Sep

New Delhi (IANS) India’s fiscal deficit for the April-September period stood at Rs 4.75 lakh crore, or about 29.4 per cent of the estimate, for the current fiscal (FY25), government data showed on Wednesday. 

According to the data, net tax…

India's core industries see 2 pc growth in September as coal, cement lead

New Delhi (IANS) India's core industries saw a growth of 2 per cent in September compared to the same month last year, riding on the growth in the production of cement, refinery products, coal, fertilisers, and steel. 

The cumulative growth…