India’s bank loan growth dropped to 9.4% as of June 27, its lowest since March 2022, while deposit growth rose to 10%, outpacing credit demand. Despite rate cuts and easing liquidity, credit growth slowed due to weak investment demand. Economists…
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JSW Steel will allocate ₹20,000 crore for capital expenditure this fiscal year. A significant portion will fund the Dolvi plant expansion, increasing capacity to 15 million tonnes by September 2027. Remaining funds will complete projects at Bhushan Power and other…
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A dispute between the govt and corporations operating factories in hilly regions has ended, with companies now eligible for GST refunds based on actual value addition, subject to verification. The disagreement stemmed from differing interpretations of value addition caps post-GST…
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Reliance Retail is prioritising organic growth in quick commerce, finding acquisitions less appealing due to integration challenges and leveraging its existing infrastructure for better economics.
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Indian banks face challenges in attracting large corporations back to traditional lending. Companies are increasingly favouring capital markets for funding. Bond and equity markets offer competitive rates. HDFC Bank and ICICI Bank have reported slower corporate loan growth.
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The regulator received 4,959 fresh complaints in the month, and a total of 5,107 grievances remained unresolved at the end of June, slightly higher than the 4,563 charges that were pending as of May 31, the Securities and Exchange Board…
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