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MUMBAI: Credit growth surged to a high even as deposits shrank in the first two months of FY27, widening the funding gap and pushing banks deeper into a liquidity squeeze, with the wedge between loans and deposits reaching about Rs 3.8 lakh crore by May 31.Credit growth stood at 17.7% for the fortnight ending May…
Today’s GDP data is being seen as a sign of India’s underlying economic strength. (AI image) India’s economy continues to defy all growth projections. But for how long? At 7.8%, India’s GDP growth for the fourth quarter of FY 2025-26 beat all estimates by a wide margin. Retaining its tag of being the fastest growing…
At a time when many technology companies are cutting jobs, slowing recruitment and reducing sponsorship of foreign workers, Nvidia appears to be moving in the opposite direction. The artificial intelligence chip giant has continued to aggressively hire overseas talent through the H-1B visa programme.Federal filings show Nvidia secured certification for around 1,200 H-1B positions during…
In US, single Gen Z women are buying homes at a significantly higher rate than their male counterparts even as overall first-time homebuying activity has fallen to its lowest level in decades, according to survey data from the National Association of Realtors (NAR) as reported AP.Single Gen Z women accounted for 35 per cent of…
BENGALURU: Coforge and Persistent Systems continued to post double-digit revenue growth in the Dec quarter, standing out as several engineering-focused mid-tier IT companies saw growth taper or turn negative. Firms such as Tata Technologies, Cyient, LTTS and Tata Elxsi largely reported slower momentum, with revenue, margins and net profits showing signs of moderation. Coforge reported…
After nearly four years of underperformance, India’s information technology stocks are entering 2026 with expectations shaped more by realism than hype, as investors assess whether artificial intelligence can finally revive growth after a prolonged slowdown.The Nifty IT index is trading close to a four-year low, a sharp reversal from the pandemic-era boom that once made…
Highway expansion drive is facing execution stress, with 574 under-construction National Highway projects worth Rs 3.60 lakh crore running behind schedule, the government told Parliament on Wednesday, PTI reported.Of the delayed projects awarded over the past five years, 300 are behind schedule by up to one year, 253 face delays of one to three years,…
US markets moved lower on Monday, giving back part of last week’s gains as bitcoin and other once-popular assets continued to weaken. The S&P 500 was down 0.4% in morning trading, putting its five-day winning run at risk. The Dow Jones Industrial Average fell 204 points, also 0.4%, and the Nasdaq composite edged down 0.5%.Earlier…
US manufacturing slipped to a four-month low in November as tariffs pushed up prices and dampened demand. According to news agency Reuters, the slowdown caused a build-up of unsold goods, raising concerns that it may drag down wider economic growth. Manufacturing hit by rising prices and weak demand S&P Global said the flash US manufacturing…
India’s export performance has remained steady even as global markets face volatility, according to SBI Research, which shared its assessment. As per news agency ANI, the report states that merchandise exports between April and September in FY26 touched $220 billion, a 2.9 per cent rise from $214 billion in the same period last year. Exports…
