MUMBAI: The appetite of Indians for credit-funded leisure is growing. Holidays have overtaken home renovations and medical needs as the leading reason for taking personal loans. A Paisabazaar report, based on a survey of over 5,700 respondents in 97 cities, finds that in the first half of 2025, 27% borrowers took a loan to fund…
NEW DELHI: Demand for Indian services remained robust, and activity in the sector reached an 11-month high in July, driven by strong global orders, including from the US. Business confidence also strengthened, as shown by a survey released on Tuesday. In July, the HSBC India Services PMI business activity index was at 60.5, slightly changed…
NEW DELHI: Shares of major pharmaceutical and textile companies have seen a significant fall since US President Trump announced tariffs of 25% on Indian exports. Between July 30 and Aug 5, Gokaldas Exports, among the top textiles players, experienced the steepest fall of 15.9%. The company’s shares closed at Rs 1,632 on Tuesday, compared with…
Tata Motors, Yes Bank, and Vodafone Idea have emerged as India’s most widely held stocks, surpassing earlier favourites like Reliance Power, Reliance Industries, and State Bank of India, amid a surge in retail investor participation.According to data compiled by ETIG, Tata Motors topped the list with over 67.5 lakh shareholders as of June 2025 —…
Trump attributed the large banks’ rejection of him and his supporters to regulatory pressure from the then Biden administration. US President Donald Trump has revealed that America’s two biggest banks, JPMorgan Chase and Bank of America, have rejected him as a customer in the past. In an interview with CNBC, Trump said he had been…
Fraudsters are increasingly exploiting Aadhaar-linked identity systems to file bogus insurance claims, prompting a large-scale probe by the Uttar Pradesh Police and a renewed industry push to tighten oversight across health, life, and motor insurance sectors.According to officials, criminals have now moved beyond PIN code manipulation — a fraud technique previously used to bypass claim…
Retail investors are continuing to pour large sums into mid and smallcap mutual fund schemes, chasing high returns even as experts warn of stretched valuations and recommend a shift to safer ground.According to data from the Association of Mutual Funds in India (AMFI), investors allocated Rs 20,255 crore into mid and smallcap schemes in the…
Amid tightening international scrutiny, Russian-linked Indian refiner Nayara Energy has exported its first gasoline shipment since the European Union imposed sanctions on the company on July 18, Reuters reported citing four sources and LSEG data.According to shipping sources and LSEG data, the vessel Tempest Dream departed on Monday with around 43,000 metric tons (over 363,000…
India’s business sentiment saw a sharp uptick in the April-June quarter, with the Business Confidence Index (BCI) rising to 149.4 from 139.3 in the previous quarter, according to the latest Business Expectations Survey by the National Council of Applied Economic Research (NCAER).The index is built on four key components: expectations of overall economic improvement over…
The Competition Commission of India (CCI) has approved Dalmia Bharat’s proposal to fully acquire the debt-laden Jaiprakash Associates Ltd (JAL), clearing a key hurdle in the latter’s ongoing insolvency process.The green light from the antitrust regulator allows Dalmia Cement (Bharat) Ltd, a wholly owned subsidiary of Dalmia Bharat Ltd, to submit its resolution plan for…
