Moody’s Ratings on Tuesday said that India’s strong domestic economic environment will continue to support economic growth, helping banks maintain healthy asset quality and keeping systemwide nonperforming loan (NPL) levels between 2–3 per cent over the next 12 months.In a report focused on the Indian banking sector, Moody’s stated that even amid heightened global economic…
NEW DELHI: India’s GDP growth for the January-March quarter of FY25 may have surprised on the upside, but a new report warns that the robust headline figure masks an economy still struggling under the surface.Systematix Research, in a sharp critique, said the 4QFY25 growth “continues to be dependent on public spending-led construction,” while key indicators…
The FDA inspection revealed concerning issues, including fungal growth on food items. Expired goods and fungus on food – that’s what has led to Zepto warehouse in Dharavi facing an operating license suspension. The Food & Drug Administration department has suspended the operating licence of a Zepto warehouse in Dharavi after discovering major food safety…
NEW DELHI: India’s aviation sector is witnessing strong growth, supported by enhanced connectivity, improved airport infrastructure, and emerging potential in sustainable aviation fuel (SAF) development, the International Air Transport Association (IATA) said on Sunday.Speaking at a media briefing during the World Air Transport Summit (WATS) in Delhi, Amitabh Khosla, IATA’s Country Director for India, Nepal…
The government has pegged the full fiscal year GDP growth at 6.5% provisionally. (AI image) India Q4 GDP data: The Indian economy grew at a better-than-expected rate of 7.4% in the fourth quarter of FY 2024-25. The government has pegged the full fiscal year GDP growth at 6.5% provisionally. While the economy has picked up…
The US economy contracted at a 0.2% annual pace from January through March, marking the first quarterly decline in three years, as President Donald Trump’s trade policies disrupted business activity. The Commerce Department released the revised estimate Thursday, slightly improving on its initial figure.The drop in gross domestic product (GDP) — the broadest measure of…
India’s Index of Industrial Production (IIP) is projected to have slowed down to 1.2 per cent year-on-year in April 2025, down from 3 per cent in March, according to a report by Union Bank of India (UBI). The deceleration is largely attributed to weakened activity in the mining and manufacturing sectors. The report highlights that…
India becomes 4th largest economy India has officially outpaced Japan to become the world’s fourth-largest economy, marking a historic leap that carries profound implications for its future and global influence.Speaking at a press conference after the 10th Governing Council meeting of NITI Aayog, the think tank’s CEO, B V R Subrahmanyam, confirmed: “We are the…
Reliance General Insurance, a subsidiary of Reliance Capital recently acquired by IndusInd International Holdings Ltd (IIHL), posted a 12.5% increase in net profit to Rs 315 crore for the financial year ended March 2025, as the company recovers from nearly three years under insolvency proceedings.The company’s Gross Direct Premium (GDP) rose 7.4% year-on-year to Rs…
NEW DELHI: The Indian capital markets have witnessed a notable surge in retail investor participation in recent years, driven by a growing middle class and rising financial literacy.A joint report by ASSOCHAM and ICRA signifies a marked shift in investor behaviour, with a rising preference for mutual funds and systematic investment plans (SIPs), especially among…