Business

Banks could face an increase in credit costs in Financial Year (FY) 2026, primarily due to emerging pressures in the unsecured lending and microfinance sectors, according to an analysis by CareEdge Ratings. Despite these headwinds, banks are well-equipped to manage potential losses, supported by substantial provision buffers and high provision coverage ratios (PCRs). Public Sector…

NEW DELHI: Eight of the top-10 highest-valued firms experienced a collective decline of Rs 1,65,501.49 crore in market valuation last week, with HDFC Bank experiencing the most significant decrease, aligning with the downward trend in domestic equities. The BSE benchmark declined by 1,070.39 points or 1.30 per cent during this period.Whilst TCS and Infosys showed…

Trump gives nod to US Steel-Nippon Steel deal The collaboration between US Steel and Nippon Steel has evolved, following the confirmation of US national security assurances and retaining the “golden share” benefit secured under President Donald Trump‘s leadership.Trump endorsed the collaboration through an executive order on Friday evening, concluding the discussions regarding foreign control of…

The Boeing worldwide commercial aircraft fleet is projected to reach nearly 50,000 aircraft by 2044, with the majority manufactured during the upcoming two decades, as indicated in Boeing’s latest forecast published on Saturday.The total fleet will increase to 49,600 aircraft, slightly lower than Boeing’s previous yearly prediction, the company announced before the commencement of the…

NEW DELHI: The fresh conflict in West Asia can have a spillover effect on India just when inflation was moderating and businesses were learning to cope with the unpredictability of Trump’s tariffs. While the direct impact of Israel’s attack on Iran will be limited, given that India has very little trade left with the Islamic…

India on Saturday welcomed the improvement in the Maldives’ foreign exchange (FX) reserves, noting with satisfaction that the $400 million currency swap between the Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) played a significant role in easing the island nation’s external liquidity pressures.The Indian High Commission in Male said it “noted…

NEW DELHI: Finance minister Nirmala Sitharaman is expected to push tax authorities to ensure the timely refund of income tax, GST, and export-related dues, while flagging the long pendency in investigation by the Directorate General of GST Investigation (DGGI).Sitharaman is due to meet top officials of the Central Board of Indirect Taxes and Customs next…

Non-performing assets (NPAs) in India’s banking sector may inch up in the first half of FY26, driven by growing stress in the retail loan segment — especially unsecured personal and microfinance loans, according to a report released by CareEdge Ratings on Friday.The report estimates that the Gross NPA (GNPA) ratio for Scheduled Commercial Banks (SCBs)…

India-based Global Capability Centres (GCCs) have emerged as strategic hubs for multinational companies to manage complex global tax operations, including corporate tax, indirect tax, transfer pricing, and litigation, according to a whitepaper released by Deloitte India.The report, titled Transforming Global Tax Functions: The GCC Advantage, highlights how GCCs are evolving beyond back-office functions to offer…

US-based companies have emerged as the single-largest contributors to India’s office space demand in recent years, accounting for over one-third of gross leasing across the top seven cities between 2022 and 2024, according to data from real estate consultancy JLL India.During the three-year period, total office leasing across Delhi-NCR, Mumbai, Bengaluru, Chennai, Kolkata, Hyderabad and…