Asian stocks held steady on Monday, while Wall Street futures stayed firm ahead of key earnings reports from major tech companies.The Japanese yen also remained stable, as investors brushed off the weekend election results that weakened Prime Minister Shigeru Ishiba’s ruling coalition.The outcome, though unfavourable for the government, had already been factored into markets, Reuters…
MUMBAI: The merger of HDFC and HDFC Bank in FY24, which slowed down bank credit growth in FY25, continues to remain a drag on overall lending, pulling industry credit growth into single digits in Q1FY26. The combined entity’s loan growth fell from 15-17% before the merger to 5.4% in FY25 and remained below the industry…
NEW DELHI: Govt is keeping a close watch on capex as private investment remains weak, some of which may be on account of the global uncertainty induced by the US President Donald Trump’s tariff regime.During April-May, Centre’s capital expenditure has been higher with ministries and departments spending 20% of their allocation for the year, compared…
MUMBAI: A lot is happening over food. From Theobroma to Haldiram’s and Biryani By Kilo, investors (investment firms and corporates alike) are lining up to take a bite of India’s food (captures packaged food as well as food services like QSR) and beverages (F&B) space.A broader sluggishness in consumption had slowed down the pace of…
NEW DELHI: Continuing its tirade against mining heavyweight Anil Agarwal‘s Vedanta group, US-based Viceroy Research has alleged that the group’s semiconductor unit was a “sham commodities trading operation”, designed to avoid classification as an NBFC, a charge the conglomerate called baseless.The short seller, which last week published a scathing report about Vedanta Group and followed…
BENGALURU: Crypto exchange CoinDCX on Friday said it is investigating a security breach involving one of its internal accounts, after blockchain experts flagged suspicious fund transfers linked to the platform. The company clarified that customer funds remain safe and unaffected.The breach, which CoinDCX described as “server-side,” involved an operational account used for managing liquidity. While…
Foreign investors have pulled out Rs 5,524 crore from Indian equities so far in July, turning net sellers after three months of buying, amid US-India trade tensions and mixed earnings. Total outflows for 2025 have now reached Rs 83,245 crore, according to depository data.Himanshu Srivastava, Associate Director – Manager Research, Morningstar Investment Research India, told…
Representative image (Picture credit: ANI) India’s petroleum regulator has directed city gas distributors to charge a uniform rate for piped natural gas (PNG) supplied to household kitchens, regardless of usage volume. The move comes amid concerns that a tiered pricing system adopted by some firms may be encouraging misuse of subsidised gas and leading to…
Auto parts maker Sona BLW Precision Forgings Ltd (Sona Comstar) has entered into a joint venture with China-based Jinnaite Machinery Co Ltd (JNT) to make a strategic foray into the Chinese electric vehicle (EV) market. As per news agency PTI, the combined investment in the joint venture is pegged at $20 million (around Rs 167…
Public sector lender Indian Overseas Bank (IOB) reported its highest-ever quarterly net profit of Rs 1,111 crore in the April–June 2025 quarter, marking a 76 per cent year-on-year jump from Rs 633 crore. The bank, headquartered in Chennai, said it is confident of sustaining and growing this performance through the rest of FY26.“Exactly. One hundred…