MUMBAI: HDFC Bank‘s deposit base surpassed its advances for the first time after the merger of its parent housing finance company with the bank in July 2023. The country’s largest private bank disclosed its business figures for Q3 FY25 in a filing with the stock exchanges.The bank’s advances growth has slowed as part of its…
NEW DELHI: Govt does not plan to ask laptop makers to cut down imports to India immediately in the New Year as it believes that local production will grow and gradually mirror the success seen in smartphones, with companies such as HP and Dell boosting local output significantly from the next fiscal, IT and electronics…
Commerce and Industry Minister Piyush Goyal NEW DELHI: The government is working on an export strategy to further accelerate the country’s goods and services shipments, Commerce and Industry Minister Piyush Goyal has said. He said the ministry is working on a “very” targeted manner to take the exports to $ 2 trillion by 2030 by…
NEW DELHI: Businesses in India’s household durables segment are expected to see some moderation in revenue growth in the just-concluded October-December quarter, asserted HSBC Global Research in a thematic report ahead of the impending earning updates.The global financial services group attributed continued unexciting consumer demand environment to climatic conditions — extended monsoon season and delayed…
NEW DELHI: Senior officials from the commerce ministry, and commercial wings of Indian Missions of 20 countries will hold a three-day meet, beginning here on Monday, to discuss ways to promote exports of goods and services, an official said. Commerce and Industry Minister Piyush Goyal will also interact with these commercial representatives on January 6….
NEW DELHI: India’s foreign exchange reserves have been on a consistent decline for the past three months. As per the latest data from the Reserve Bank of India (RBI), the country’s forex reserves fell by $ 4.112 billion in the week ending December 27, reaching $ 640.279 billion. This marks the twelfth decline in the…
NEW DELHI: The upcoming annual budget for FY26 could announce further measures to boost employment generation, CII said on Sunday, emphasising that job creation at a mass scale is important to engage the young population productively, and drive inclusive growth in the world’s most populous nation. The industry body has suggested a seven-point agenda to…
Foreign portfolio investors (FPIs) withdrew Rs 4,285 crore from Indian equities during the first three trading days of January, reflecting apprehension ahead of the third-quarter earnings season and concerns over high stock valuations. This follows a net inflow of Rs 15,446 crore in December 2023, according to depository data.This shift in investor sentiment is attributed…
In the coming week, domestic stock markets are set to concentrate on various factors, including corporate earnings, foreign portfolio investment (FPI) trends, and crucial economic indicators like Fiscal Year GDP Growth and the Index of Industrial Production (IIP).Market experts also highlighted the importance of the outcome of US National Security Adviser Jake Sullivan’s visit, scheduled…
MUMBAI: HDFC Bank has informed the stock exchanges that it has received approval from RBI for its group entities to hike investments in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank up to 9.5% of their share capital.RBI, through letters dated Jan 3, granted approval to HDFC Bank, as the promoter…
