MUMBAI: A century-old law is holding back India’s efforts to recover bad loans. Asset reconstruction companies (ARCs) say a provision in the Indian Registration Act of 1908, which requires them to register every loan transfer with state registrars, persists despite the creation of a centralised digital alternative more than a decade ago.Each time an ARC…
MUMBAI: In an anticipated move, trustees of Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT) approved reappointment of trustee and vice-chairman Venu Srinivasan for life on Monday, setting aside recent differences over governance issues.The decision follows reappointment of trustee and chairman Noel Tata in Jan 2025, with no limits on his tenure….
US President Donald Trump on Monday set the tone for his upcoming meeting with China’s President Xi Jinping, saying the two countries would strike a “fantastic deal” — and warning that failure to reach an agreement could see China face potential tariffs of 155%.“I think we’re going to end up having a fantastic deal with…
KOLKATA: A comparatively cool summer has helped the state-run discom, West Bengal State Electricity Distribution Company Ltd (WBSEDCL), save between Rs 600 crore and Rs 700 crore through the season this year compared to the past three years.According to an official, the discom saved Rs 150 crore-200 crore in power purchases, having bought 500-700MW on…
MUMBAI: The country’s largest and second-largest private banks, HDFC Bank and ICICI Bank, continued to be cautious in expanding their personal loan books in Q2, particularly in the unsecured segment.HDFC Bank’s retail loans rose 7.4% year-on-year and 2.2% quarter-on-quarter to Rs 15,55,400 crore, MD & CEO Sashidhar Jagdishan said in the earnings call. He emphasised…
File photo: US President Donald Trump with Argentina’s President Javier Milei (Picture credit: AP) Argentina’s central bank on Monday formalised a $20 billion currency swap agreement with the United States in a move aimed at “contributing to Argentina’s economic stability,” the bank said in a statement. The accord, backed by the administration of US President…
The Indian economy has demonstrated resilience despite global uncertainty and weak external demand, supported by “strong and durable macroeconomic fundamentals,” according to the Reserve Bank of India’s (RBI) October bulletin released on Monday. The bulletin’s article on the ‘State of the Economy’ highlighted that India’s growth momentum continues, with signs of revival in urban demand…
Global brokerage Goldman Sachs has turned optimistic on Indian banking stocks, saying improving financial conditions, low earnings expectations, and attractive valuations position the sector for a strong comeback.As per ET, the firm expects the Nifty Bank index to outperform the broader market, projecting up to 30% upside for banks and non-banking financial companies (NBFCs). Easier…
The government has rolled out a new digital system for foreign nationals entering India. Beginning October 1, 2025, travellers can now submit an electronic arrival form instead of the traditional paper card. The initiative aims to simplify entry formalities, improve efficiency at airports, and enhance data accuracy. As per ET, the e-arrival card is part…
From last Diwali to now, Gold has surged 64%, silver 85%, while Nifty 50 delivered only 6.5%, making it a clear win for precious metals. (AI image) The big question for investors on Diwali is what asset class should they bet on – gold or stocks? Gold and silver prices have been hitting new lifetime…
