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MUMBAI: HDFC Bank‘s interim chairman Keki Mistry said the bank’s management reviews every issue and takes corrective action. His comments come in the wake of the sudden resignation of former chairman Atanu Chakraborty three days ago, citing misalignment between certain practices and his values and ethics.Chakraborty’s exit has been marked by investor anxiety, sharp market…
Indian Oil Corporation Ltd (IOCL) said that the country’s refineries are capable of processing Venezuelan crude if supplies resume. “If at all things start settling down, if at all a lot of crude starts coming out of Venezuela, then can’t we import oil from Venezuela?” he said.The executive further added that the company, used to…
The manufacturing sector remained robust and is estimated to grow by 7% in 2025-26 as opposed to 4.5% last fiscal while construction continued to be healthy at a growth rate of 7%, compared with an increase of 9.4% in 2024-25. Nominal GDP, which accounts for inflation, is estimated to grow by 8% in 2025-26.The crucial…
Indian economy (AI image) India’s economy will grow at a robust 7.4% in the financial year 2025-26, according to the first advanced estimates of Gross Domestic Product released by the National Statistics Office (NSO). This is much higher than the 6.5% growth in the previous financial year. Nominal GDP is expected to rise by 8.0%…
Indian banks are likely to benefit from enhanced regulatory oversight by the Reserve Bank of India (RBI) and a more robust supervisory toolkit, which should lower systemic risks and improve the sector’s operating environment, global rating agency Fitch said in a report.Fitch noted that these regulatory shifts, combined with strong economic growth prospects and reduced…
NEW DELHI: With demand continuing to be strong post the festive season, leading automakers – Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Hyundai and Toyota Kirloskar – saw robust growth in sales in Nov as compared to the same month last year. Maruti Suzuki India reported the best-ever total sales, including exports, last month at…
Indian automobile industry showed robust growth in November 2025 as major automakers reported strong sales, driven by steady domestic demand, rising exports, and growing electric vehicle adoption. As the calendar year neared its end, these figures indicated an industry regaining momentum amid improved supply conditions and government-friendly policies, including GST reforms that positively impacted sales.Maruti…
India GDP growth (AI image) India’s second quarter real GDP growth for FY 2025-26 beat estimates by a wide margin, coming in at a robust high of 8.2%. This is the highest real GDP growth in six quarters for the Indian economy. India has also retained its tag of being the fastest growing major economy…
India’s economic outlook remains firmly positive, with the International Monetary Fund (IMF) pointing to strong policy foundations, resilient growth and well-contained inflation in its latest assessment. The Washington-based agency said India’s performance has been underpinned by prudent macroeconomic management and a decade of structural reforms that continue to pay dividends.In a report, the IMF noted…
PRAYAGRAJ: Cautioning against political instability in Bangladesh, Nepal and Sri Lanka, Chief Justice of India Justice B R Gavai said here on Saturday that India’s robust democracy rested firmly on the foundation of its Constitution. He was speaking at a national seminar on ‘Constitution and Constitutionalism: The Philosophy of Dr BR Ambedkar’ at Allahabad University….
