MUMBAI: Banks are likely to witness a spike in bad loans in the fourth quarter, driven by rising delinquencies in the unsecured and microfinance segments. Slowing credit growth, tight liquidity and elevated deposit rates are expected to squeeze net interest margins. Banks are also expected to see a decline...
NEW DELHI: India has identified at least 10 sectors, including apparel and clothing accessories, chemicals, plastics and rubber, where high US tariffs give New Delhi a competitive advantage in the American market over other suppliers, said officials in the know. The idea is to capitalise on the advantage in...
NEW DELHI: India is aiming to refinance multilateral debt availed for select infrastructure sectors to shield projects from exposure to costly foreign loans, officials said. They added that many of these loans often come with strict riders. The government has identified debt taken by Indian Railways for some projects,...
BANGKOK: China’s exports jumped 12.4per cent in March from a year earlier as companies rushed to beat increases in US tariffs imposed by US President Donald Trump, the government said Monday. Imports fell 4.3per cent, the customs administration reported. It said exports from the world’s second largest economy rose...
NEW DELHI: The country’s largest lender State Bank of India (SBI) has reduced its lending rate by 25 basis points following the Reserve Bank’s policy rate cut, making loans cheaper for both existing and new borrowers. With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of...
NEW DELHI: The government has drafted new rules requiring testing, verification and stamping of all domestic, commercial, and industrial gas metres before they can be used in trade, the consumer affairs ministry said on Monday. The proposed regulations under the Legal Metrology (General) Rules, 2011 aim to ensure accuracy...
MUMBAI: Abhishek Lodha-led Macrotech Developers has resolved trademark and brand dispute with House of Abhinandan Lodha (HoABL), formed by his younger brother. Macrotech Developers will continue to use ‘Lodha’ brand while the younger brother will continue to operate under ‘House of Abhinandan Lodha’ brand, as per the agreements between...
NEW DELHI: Investors’ wealth eroded by Rs 11.30 lakh crore since early this month, where the BSE benchmark Sensex tumbled nearly 2 per cent, as stock markets experienced turbulence in recent times initially due to US President Donald Trump unveiling a massive tariff plan, followed by growing concerns of...
By Nantoo Banerjee It is good to know that the government is already cautious about the possible increase in Chinese export trade and investment to India to exploit both the local market as well as to push exports to the USA taking advantage of the massive US import tariff...
By Kalyani Shankar Although the Tamil Nadu Assembly elections are a year away, the recent announcement of the BJP and AIADMK poll alliance is strategically important. This tie-up, part of the larger National Democratic Alliance at the national level, could benefit both parties in the upcoming elections. Both sides...
By Satyaki Chakraborty The right wing President of Ecuador Daniel Noboa won Presidential elections run off on April 13 by securing 55.85 per cent of the votes polled as against 44.15 per cent polled by his rival Luis Gonzalez of the left coalition, defying the close fight predictions given...
By Dr. Nilanjan Banik Days of pressure from fellow Republicans, business executives and even his close friends hadn’t appeared to move Trump, who insisted last week: “MY POLICIES WILL NEVER CHANGE.” Eventually, though, he backed down on April 10 and reversed course on his sweeping tariff plan by announcing...
By Dr. Gyan Pathak A frightening reality of MGNREGA Scheme has come to the fore. Wages given under the scheme are inadequate for survival. Payments are delayed. Denial of work is frequent. Funds are scarce. Rural workers’ miseries are multifold, though MGNREGA provides a legal right to work for...
By Arun Srivastava The central BJP leadership is quite scared of the growing unrest among Dalits, farmers and tribals across the country. RSS which so far has succeeded in setting the narrative for the development and empowerment of these classes, for the first time, finding itself moving in a...
By Eoghan Gilmartin MADRID: Spain’s left-wing Sumar held its second national conference on March 29–30, with its future already in doubt. In two recent polls, the junior partner in the country’s coalition government had lost over half its support since the 2023 general election (down from 12.3 percent to...
NEW DELHI: The government has decided to steer clear of the option of zero-for-zero tariff policy under the ongoing negotiations with the United States for a bilateral trade agreement (BTA), according to an official source. This is due to the realisation that given the country’s relatively low per capita...
India is unlikely to launch a dispute at the World Trade Organisation (WTO) against the United States over reciprocal tariffs, as both sides are currently engaged in negotiations aimed at reaching a trade deal. This comes despite India seeking consultation with the US at the WTO on the 25...
NEW DELHI: The Centre is planning to invest Rs 10 lakh crore over the next two years to improve highways across the country, with special focus on the northeast, where roads will rival those in the US, road transport and highways minister Nitin Gadkari said. In an interview to...