Industrial growth likely to slow down to 6.2% for FY25, revival hoped in second half: Report

India's industrial sector is expected to grow at a slower pace of 6.2 per cent in FY25 compared to 9.5 per cent in FY24, as per advance estimates, primarily due to the base effect and a subdued manufacturing performance in the first half, according to Bank of Baroda report. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aiTgc...

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Inflation will be major concern in FY26 due to higher raw material costs: Report

Inflation is a major concern for FY26, driven by higher raw material costs and domestic pressure. The depreciation of the Chinese Yuan and geopolitical tensions are also contributing factors. The Indian Rupee is expected to weaken further, with the Reserve Bank of India likely balancing growth and inflationary pressures while defending the Rupee. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KJFys...

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Post Office savings accounts: Check new paperless KYC, Aadhaar authentication for transactions process

The postal department is rolling out a paperless Know Your Customer (KYC) system using Aadhaar biometric verification for opening Post Office Savings Bank accounts. The eKYC implementation starts on January 6, 2025, initially focusing on new accounts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kvwcj...

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Bank officer's confederation threatens two-day nationwide strike

The All India Bank Officers' Confederation (AIBOC) plans a two-day nationwide strike from 24 to 25 February 2025, demanding a five-day workweek, sufficient recruitment, and resolution of long-pending issues. AIBOC criticized recent DFS directives, sought immediate withdrawal of performance-related guidelines, and urged the appointment of directors in PSBs. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q62hp...

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RBI removes sanctions on Asirvad Micro Finance and DMI finance

The Reserve Bank of India has lifted the restrictions on Asirvad Micro Finance and DMI Finance, effective immediately, following their corrective measures and compliance with regulatory guidelines. The restrictions had been placed on 21 October last year, preventing them from sanctioning and disbursing loans. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Jbn0u...

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Buy or sell: Stocks on brokerages’ radar for today

Jefferies and other brokerages provide optimistic recommendations on companies like Reliance Industries, Nuvoco Vistas Corp, Star Health & Allied Insurance, IndusInd Bank, and Macrotech Developers. The positive outlook is based on growth prospects, operational improvements, and strategic plans, highlighting potential gains for investors despite some near-term challenges. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hf38l...

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Sensex slumps over 1,200 points as Q3 results signal economic woes

The sensex fell 1.6% due to weak December quarter results, indicating an economic slowdown. Major sectors ended in the red, with banks and consumer sectors leading declines. Disappointing corporate earnings, global uncertainties, and a weak rupee contributed to investor concerns, while long-term growth optimism remains positive. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SqBKF...

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India emerges as second largest gold buyer, adds 8 tons gold to its reserve: World Gold Council

In November 2024, central banks globally increased their gold reserves by a total of 53 tonnes. The Reserve Bank of India added 8 tonnes, becoming the second-largest buyer in 2024. Poland led with 21 tonnes, while other significant buyers included Uzbekistan, Kazakhstan, China, and Jordan. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/umZL8...

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India becomes second largest buyer of gold after Poland in 2024: World Gold Council

Global central banks continued to bolster their gold reserves in November 2024, adding 53 tonnes collectively. India, the second-largest buyer of the year, increased its reserves to 876 tonnes. Poland led purchases with 21 tonnes. Other notable buyers included Uzbekistan, China, and Turkey. Conversely, Singapore and Finland saw reductions in their gold reserves. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tWqX5...

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Securitisation hikes by 80% , deals worth Rs 2.4 lakh cr likely in FY25: ICRA

Securitisation volumes in India surged by 80% year-on-year, reaching Rs 68,000 crore in the December quarter. ICRA revised its FY24 estimate to Rs 2.4 lakh crore. Growth was primarily driven by private banks, despite challenges in deposit growth and asset quality concerns in personal and unsecured business loans. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RYrak...

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HDFC deposits top loans for 1st time after merger

HDFC Bank's deposit base exceeded its advances for the first time following the merger with its parent housing finance company in July 2023. Deposits grew by 15.8% year-on-year, primarily through term deposits, while advances recorded a slower 3% increase, partially due to a decline in corporate loans. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/j6bGU...

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India's forex reserves decline for third consecutive month, 12th slump in past 13 weeks

India's forex reserves decline for the twelfth time in 13 weeks, falling by $4.112 billion to $640.279 billion. The Reserve Bank of India's intervention in the currency market to stabilize the Rupee has contributed to this consistent drop, though the reserves remain adequate. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4g2TQ...

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World Bank to approve $20 billion programme for Pakistan: Report

The World Bank's $20 billion package for Pakistan will support a 10-year programme focusing on areas such as child stunting, learning poverty, and climate resilience. This initiative aims to ensure stability in development projects despite political changes. An additional $20 billion in private sector lending brings the total investment to $40 billion. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OpDSG...

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Bank of Baroda record 11.7% growth in advances driven by 20% retail loan growth

Bank of Baroda reported a robust 11.7% year-on-year rise in global business, reaching Rs. 25.6 lakh crore by the end of December 2024, driven by a significant increase in retail lending. Domestic deposits and advances experienced substantial growth, with retail advances surging by 19.5%. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AMjCZ...

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