Mumbai: NBFCs or shadow banks as central banks see them are growing more slowly than their regulated counterparts, even as a burst of small-ticket borrowing keeps their loan books ticking over.NBFC lending rose 14.2% year-on-year to Rs 58.6 lakh crore at end-May 2026, trailing the 17.7% pace of banks which have a Rs 215 lakh…
Mumbai: The rupee strengthened by 43 paise to 94.97 against the US dollar, recording its sharpest single-session gain in three weeks, supported by lower crude prices, improved global risk sentiment, and dollar selling in offshore markets.The currency opened at 95.33 and traded in a range of 94.94 to 95.37 during the session, before ending around…
New Delhi: India moved up two places to emerge as the 11th biggest recipient of foreign direct investment (FDI in 2025, with inflows jumping 44% to $39 billion. The country is emerging as a preferred destination for investments in electronics, automobiles material and industrial manufacturing, the latest World Investment Report said.The UNCTAD publication also said…
New Delhi: Starting next Tuesday, India’s official statistical machinery is set to release the index of services production (ISP), with base year 2024-25, which will act as a high frequency indicator to gauge short- term economic momentum, covering nearly two-third of gross value added (GVA) of the sector.Till now, policymakers have only relied on the…
Bengaluru: Early investors in India’s listed startups have sold shares worth nearly Rs 97,252 crore since 2021, underscoring how public markets have emerged as the primary exit route for venture capital, private equity and other private-market investors after years of backing high-growth companies.Of this, PE and VC investors offloaded shares worth Rs 43,595 crore through…
New Delhi: Top companies, including American giants, have cautioned USTR that its move to impose additional tariff of up to 12.5% on 60 countries, including India, will push up costs for consumers and businesses, with several of them seeking exemptions for specific products.“The practical effect would be to make it more expensive to build in…
NEW DELHI: Govt has asked the US Trade Representative (USTR) to reconsider its proposal to impose 12.5% additional tariff on Indian products for allegedly failing to act against forced labour, arguing that the move does not meet legal standards, lacks country-specific analysis and fails to establish causal link between absence of import prohibitions and its…
Switzerland players salute supporers after winning in a penalty kick shootout in the World Cup round of 16 soccer match between Switzerland and Colombia in Vancouver, British Columbia, Tuesday, July 7, 2026. (Ethan Cairns/The Canadian Press via AP) Switzerland has qualified for the FIFA World Cup 2026 quarterfinals after defeating Colombia 4-3 in a dramatic…
Convoy of tankers is seen crossing Strait of Hormuz, vessel tracking data shows NEW DELHI: As on Tuesday, 50 Indian-flagged and foreign-flagged ships, with cargo bound for India, have transited the Strait of Hormuz since the start of the West Asia conflict on Feb 28.At present, only nine Indian vessels are in the Persian Gulf…
Candace Owens-Andrew Kolvet feud reaches boiling point over Charlie Kirk legacy fight: ‘You are a CLOWN’ (Image via Getty) A fresh public clash between Candace Owens and Andrew Kolvet has added another chapter to the growing dispute over the legacy of late Turning Point USA founder Charlie Kirk. The argument unfolded on X during a…