NEW DELHI: CEOs in India are confident of recovery in the global economy over next three years, but growth of their own companies keeps them awake at night. Significantly, reputation risk – stemming from misalignment with customer and public sentiment – has emerged as one of the top three threats facing these leaders in India,…
MUMBAI: Record growth in gold loans sanctioned by banks and non-banking finance companies is seen to be the trigger for RBI to step in and ask lenders to fix gaps in accounting for these loans to avoid a build-up of bad debt on their books.Gold loan sanctions in Q1 FY25 grew 26% year-on-year and 32%…
NEW DELHI: The ministerial panel on GST rate rationalisation is weighing lower rates for several mass-use items, including medicines and tractors, to 5%, while leaving the tax on products, such as cement, unchanged.Lower revenue from tractors, which currently face 12% or 28% GST depending on their classification, may partly be compensated by an increase in…
NEW DELHI: Air India on Wednesday said that flights operated with Vistara aircraft will use flight numbers starting with the prefix ‘AI2’ following the merger scheduled for November 12. The airline, owned by the Tata Group, also assured that the crew and services will continue to operate as before, and the Vistara experience will be…
PPF is regarded as one of the most secure investment options. (AI image) PPF Calculator to become a crorepati: Public Provident Fund (PPF) is a widely favored investment choice that provides guaranteed returns backed by the government. PPF is regarded as one of the most secure investment options, making it suitable for retirement planning and…
Throughout the calendar year, there are 16 scheduled holidays for stock markets. (AI image) Stock market holiday today: On October 2, stock markets in India will remain closed in observance of Gandhi Jayanti. This closure affects all segments, including equity such as BSE Sensex, Nifty50, derivative, and SLB. Additionally, the multi-commodity exchange will not operate…
National Pension System (NPS) is a voluntary, defined contribution pension scheme. (AI image) NPS minimum contribution: The National Pension System (NPS) is a voluntary, defined contribution pension scheme that allows individuals to create a retirement corpus by making contributions to their individual Pension Account throughout their working life. The accumulated funds are then used to…
<p>The Indian IT industry experienced a turning point in the June quarter, with several companies reporting net headcount additions. (AI image) <br></p> Indian IT sector to see hiring revival: The IT services sector is poised for a significant resurgence in fresher hiring this year, with estimates suggesting a nearly twofold increase in entry-level recruitment compared…
Technical analysis by Nagaraj Shetti of HDFC Securities suggests a short-term top reversal action for the Nifty. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was near 84,600, Nifty50 was above 25,850. At 9:18 AM, BSE Sensex was trading at 84,598.05, up…
MUMBAI: RBI deputy governor Swaminathan J has sounded a word of caution for small finance banks (SFBs). Swaminathan has asked the boards of these banks to assess whether there is overdependence on high-cost term deposits or bulk deposits from a limited number of institutions from the point of long-term stability. The deputy governor also cautioned…
