Aggregate small‑business credit exposure in India reached Rs 46 lakh crore, up 16.2 per cent year‑on‑year, a report said on Friday. The report from CRIF High Mark and SIDBI said that active loan accounts grew 11.8 per cent to 7.3 crore, supported by policy measures and government credit schemes for micro, small and medium enterprises….
With 18 free trade agreements (FTAs) already in place and more expected in 2026, India should shift its focus from negotiating new deals to maximizing export benefits from existing ones, particularly in sectors such as electronics, engineering, and textiles, according to a report by the Global Trade Research Initiative (GTRI). The report highlighted that India’s…
State-owned NBCC (India) Ltd has bought nearly 15,000 sq ft of land in Dubai for AED 15 million (Rs 37 crore) to develop a mixed-use project, as part of its plan to expand the real estate business overseas. In a regulatory filing on Wednesday, the company said that it has taken a step in the…
The Indian stock market benchmarks, the Sensex and the Nifty 50, ended lower on Wednesday, December 24, due to profit booking in select heavyweights, including Reliance and ICICI Bank, amid mixed global cues. The Sensex dropped 116 points, or 0.14%, to close at 85,408.70, while the Nifty 50 settled at 26,142.10, down 35 points, or…
The Ministry of Statistics and Programme Implementation (MoSPI) does not expect a significant change in India’s GDP growth estimates after the release of the revised national accounts series in February next year, MoSPI Secretary Saurabh Garg said on Tuesday. “Too early to say on its impact on GDP numbers. In general, we don’t expect much…
Adani Group plans to invest Rs 1 lakh crore in its airports business over the next five years, betting on sustained growth in India’s aviation sector, which is expected to expand at 15-16 per cent annually, a top group official said. “On the airport side, Rs 1-lakh crore in the next five years,” Jeet Adani,…
Shares of Shriram Finance surged over 4% on December 19 after Japan’s MUFG announced plans to acquire a 20% stake in the NBFC for ₹39,600 crore ($4.4 billion) via a preferential equity allotment. The floor price for the issue is set at ₹840.83 per share, with MUFG expected to purchase 47.11 crore shares. By 1:30…
ICICI Bank has disclosed that the Maharashtra Goods and Services Tax (GST) Department has issued a demand notice of ₹237.90 crore for alleged short payment of GST. The order, received on December 17 under Section 73 of the Maharashtra GST Act, 2017, includes ₹216.27 crore in tax and ₹21.62 crore in penalty, along with applicable…
Global paints and coatings major Akzo Nobel India Ltd is set to witness a significant ownership reshuffle as its promoter, ICI, announced plans to sell up to 9% stake in the company through a block deal. The transaction, valued at approximately ₹1,291 crore, will be executed at a floor price of ₹3,150 per share, according…
The Union government has finalised its affidavit in the ongoing Apple–Competition Commission of India (CCI) case and is expected to submit it to the Delhi High Court shortly. The matter concerns Apple’s challenge to the Competition Act provisions that allow penalties to be imposed based on a company’s global turnover rather than its India-specific revenue….
