MUMBAI: Credit growth remained elevated across the banking system on a year-on-year basis for the quarter ended June 2026 with few banks reporting advances growing at double the rate of credit growth. In contrast, the wedge between credit and deposit growth widened with some banks (Bank of Baroda, IDBI and RBL) reporting a dip in…
The green shoots of nari shakti are now visible in India’s labour and enterprise data. But ASUSE 2025 also tells a more uneven story that women-owned enterprises are not rising uniformly across urban India. Gujarat and Maharashtra cities dominate the top ranks in female-owned proprietary establishments, while several northern cities sit near the bottom.The Indian…
Top gainers and losers today Benchmark equity indices ended higher on Friday, supported by positive global cues, easing crude oil prices, expectations of a softer global interest rate environment, and optimism following the India–Japan summit.The Nifty 50 gained 95.15 points, or 0.39 per cent, to close at 24,270.85, while the BSE Sensex rose 261.79 points,…
NEW DELHI: Over nine years after it was launched, PM Modi will on Saturday launch a revamped Ude Desh ka Aam Nagrik (UDAN) that could provide a much-needed boost to this regional connectivity scheme (RCS) with an allocation of Rs 28,840 crore over a decade. The modified scheme aims to develop 100 existing airstrips across…
When will state-run oil marketing companies like Indian Oil Corporation, Hindustan Petroleum, and Bharat Petroleum cut rates? (AI image) Global crude oil prices have crashed to a four month low and are now hovering around the pre-war levels. From around $120 per barrel to near $70 per barrel – the crash has been driven by…
ToneTag eKosha to convert UPI soundboxes into banking touch points MUMBAI: Bengaluru-based fintech ToneTag has launched a tech stack that allows shopkeepers to use their UPI soundboxes for conversational banking without requiring the tech savviness needed for mobile or internet banking. ToneTag’s speciality is enabling payments using sound-based contactless data transfer without a network, the…
The move is aimed at reducing India’s reliance on imported gold and would mark the first time jewellers are being included in the scheme. (AI image) New Gold Monetisation Scheme in the works? The government is evaluating a proposal to allow jewellers to participate in a revamped Gold Monetisation Scheme (GMS) as part of efforts…
The report said the immediate financial impact on automakers is likely to be modest Delhi’s newly notified Electric Vehicle (EV) Policy 2026 could speed up the transition to cleaner mobility, but the bigger challenge for automobile manufacturers may arise if similar policies are adopted by other states, according to a Morgan Stanley report.The brokerage said…
The slowdown was driven by the weakest increase in new orders in more than two-and-a-half years India’s services sector growth slowed to a 17-month low in June as weaker domestic demand, softer new business growth and subdued hiring weighed on overall activity, according to the latest HSBC India Services PMI survey released on Friday.The seasonally…
Gold continues to exhibit a constructive technical structure as higher highs and higher lows remain intact. (AI image) Gold price prediction today: In today’s session, gold is exhibiting a bullish bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, recommending a buy on dips strategy.MCX Gold August futures continue to trade…