Indian companies are gearing up to release their Q4 earnings, with Adani Enterprises and Adani Ports among the key names. All eyes are on Eternal, formerly Zomato, which is expected to reveal strong revenue growth, fueled by Hyperpure and Blinkit.…
Read More
Amid global economic uncertainties, central banks are increasing gold reserves for stability. The Reserve Bank of India significantly boosted its gold holdings, purchasing 57.5 tonnes in FY24-25 and repatriating 214 tonnes since 2022. This strategic move aims to hedge against…
Read More
Credit demand at mainstream lenders slowed to 12% in FY25, down from 16% the previous year, influenced by regulatory curbs on retail and unsecured lending. While most sectors experienced a slowdown, loans to industry remained stable. Notably, lending against gold…
Read More
Rakuten currently employs 4,000 people in India – 90% of whom are tech staff – and plans to recruit people who it considers “power users” of AI.
Read More
The Income-Tax Department is scrutinizing payment gateway companies, demanding details on UPI transactions to uncover potential benami deals. Authorities suspect shell companies are using PGs to move illicit funds, masking true beneficiaries and evading taxes. This investigation leverages the Benami…
Read More
IndusInd Bank faces uncertainty as CEO Sumant Kathpalia resigned following a ₹1,960-crore loss due to derivatives discrepancies, raising concerns about delayed recovery and business disruptions. Analysts suggest appointing a private-sector banker as the new CEO to navigate challenges in key…
Read More