India’s $35 billion microfinance sector faces fresh risks as weak monsoon forecasts and persistent inflation threaten rural incomes, increasing the likelihood of loan defaults. According to S&P Global Ratings, borrowers with loans from multiple lenders are already showing higher delinquency…
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Indian stock markets experienced a decline on Wednesday as oil prices surged. Benchmark indices Sensex and Nifty fell significantly due to renewed Iran-US conflict escalations. Broader market indices also slipped into the red, reflecting widespread bearish sentiment. Foreign investors, however,…
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The industry told commerce minister Piyush Goyal that the scheme had exceeded all its targets with production more than doubling to $71 billion in FY26 from $30 billion in FY20 and exports rising 10 times to $29.4 billion from $3…
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Consumer financing reached new highs in the June quarter. This surge was fueled by greater financing of electronics and rising prices. Banks and NBFCs saw significant growth in consumer durable loans. Financing now accounts for a larger share of smartphone…
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Union Finance Minister Nirmala Sitharaman on Tuesday called on the Indian toy industry to set more ambitious export goals, saying India has the capability to capture a much larger slice of the projected USD 179 billion global toy market by…
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The Institute of Chartered Accountants of India’s networking guidelines have been put on hold. Influential Big 4 firms lobbied the government against these new compliance rules. The guidelines introduced onerous compliance and penal provisions for local audit firms. The Ministry…
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