Nomura is forecasting India’s GDP growth to slow to 6.7% in FY25, below the RBI’s 7.2% prediction. The report cited mixed growth signals, with positives in government spending and rural demand but negatives in consumer discretionary, industrial, and external demand.…
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The Reserve Bank of India has fined Axis Bank ₹1.91 crore and HDFC Bank ₹1 crore for regulatory non-compliance. Axis Bank’s violations include multiple customer identification codes and collateral security for agricultural loans. HDFC Bank’s issues involve giving gifts to…
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Despite expectations of continued subdued growth, ICRA has maintained its “stable outlook” on the Indian IT services industry, led by a well-established business position, expectation of healthy earnings and cash flow generation, and strong balance sheets of sector players.
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A dispute arose in parliament’s Public Accounts Committee over calling SEBI Chairperson Madhabi Puri Buch to discuss SEBI’s functioning. TMC’s Sougata Roy demanded her presence, while BJP’s Nishikant Dubey opposed, citing procedural rules. The issue stems from Hindenburg Research’s allegations…
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Traders reduced their bullish bets on insurers after the GST Council left rates on insurance products unchanged. HDFC Life, ICICI Prudential Life, and ICICI Lombard saw declines. The industry is lobbying for a rate cut from 18% to 12%. A…
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The employment outlook in India is the strongest worldwide for the October-December period (Q4 2024), showing significant improvement of 7 per cent compared to the ongoing July-September quarter (Q3), a report showed on Tuesday.
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