Indian banks are projected to benefit from a rising interest rate cycle and favorable loan mix in upcoming quarters. Earnings growth is anticipated to be supported by an increase in net interest income and lower provisions. Private banks are expected…
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CII President R Mukundan stressed the critical role of Free Trade Agreements in driving business expansion, advocating for collaborative ventures and enduring partnerships among industries from involved nations. He also pointed to India’s potential in renewable energy and advanced manufacturing.…
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Anthropic is gearing up for a public offering, with plans to secure a considerable sum of capital. The swift integration into prominent stock indices is expected to generate strong demand for its shares. Analysts forecast that passive funds will snap…
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Air India has significantly reduced its losses in the first half of this fiscal year. The SIA group’s fuel expenses increased sharply, impacting their net profit despite improvements. Customer experience and operational performance enhancements have contributed to Air India’s transformation…
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India’s net direct tax collections recorded an increase of 11.76% to reach Rs 14.42 lakh crore. Gross direct tax collections rose by 14.02%, boosting receipts to Rs 17.50 lakh crore. Corporate tax collections grew by about 17.84%, amounting to Rs…
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In early trading, the rupee fell by 6 paise against the US dollar, settling at 93.77. The rise of the dollar stems from strong US inflation and employment data that have pushed Treasury yields higher. However, falling crude oil prices…
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