AI image used for representation purpose Indian equities ended the week on a volatile note, with the Sensex and Nifty witnessing sharp swings and closing lower as uncertainty around the US–Iran conflict kept investors on edge.The impact spilled beyond equities. The rupee slid to record lows near 95 against the US dollar, pressured by surging…
Air India is set to cut down almost 100 of its domestic and international flights till July as rising jet fuel prices and airspace restrictions make several overseas routes too expensive to run, deepening the crisis for the already loss-making airline. Air India CEO and managing director Campbell Wilson told employees on Friday that the…
MUMBAI: Bank credit growth in FY26 was led by services and retail segments, with non-food credit expanding by Rs 29.2 lakh crore, driven largely by lending to NBFCs, housing, and gold-backed loans, according to sectoral data.Services and personal loans together accounted for over two-thirds of incremental credit. Services saw an addition of Rs 9.7 lakh…
NEW DELHI: RBI deputy governor Poonam Gupta Friday said that India has strong macroeconomic fundamentals, which can help it sustain 7.5% growth with low inflation, and added that she was not seeing a major impact on the balance of payments situation due to the West Asia conflict.At a conference organised by the Isaac Centre for…
NEW DELHI: While acknowledging possible stress due to the West Asia conflict , expenditure secretary Vumlunmang Vualnam Friday said that the Centre will prioritise capital expenditure and seek to ensure that the entire allocation for public spending is utilised.“The fiscal stress is indeed very much a reality, but at the same time… the capex will…
MUMBAI: InGovern Research has called on the RBI to reject Tata Sons’ application to surrender its financial licence, describing the move as a “strategic manoeuvre to sidestep mandatory listing obligations” and to order the company to list on domestic exchanges by March 2027.InGovern argued that the application, filed in March 2024, is “dead on arrival”…
NEW DELHI: With consumption at 154 billion units in April, power consumption in India witnessed over 4% year-on-year growth compared to the same period in 2025.Though peak power demand broke the all-time high record, officials said subdued temperatures during the first 10 days of month due to spells of rain in parts of the country…
Jane Street Group’s journey to the top of Wall Street has been a lucrative ride for its workforce. The firm doled out $9.38 billion in compensation last year — more than double the amount in 2024 — as the market maker vaulted past its biggest Wall Street rivals, according to people familiar with the matter…
Elon Musk sparred with lawyers for a third day Thursday at his California trial against OpenAI, struggling to explain why his own for-profit AI empire differs from the one he is trying to take down.“Few answers are going to be complete, especially when you cut me off all the time,” the visibly irritated multi-billionaire said…
Strong indirect tax collections work well for government finances, especially at a time when the economy is facing global headwinds. (AI image) NEW DELHI: GST collections grew 8.7% to Rs 2,42,702 crore in April, an all-time high, but was driven by a 26% surge in the mop-up from imports, which were estimated at Rs 57,580…
