Flipkart has received a lending licence from the Reserve Bank of India, paving the way for direct financing to customers, though the ecommerce firm is yet to disclose operational details.The Walmart-backed company confirmed on Thursday that it had secured a Non-Banking Financial Company (NBFC) licence from the RBI, with sources indicating the approval came in…
ECB President Christine Lagarde (AP) The European Central Bank lowered its key interest rate by 25 basis points on Thursday, citing growing uncertainty from US trade threats and slowing eurozone momentum.In its eighth consecutive rate cut, the ECB reduced its benchmark rate to 2%, down from a recent high of 4%, as policymakers attempt to…
A sharp drop in imports helped narrow the US trade deficit to its lowest in over two years, as sweeping tariffs imposed by President Donald Trump took effect across major global markets.The US trade deficit shrank to $61.6 billion in April, falling by more than 55% from March, according to government data released on Thursday….
AI image means for representation only Silver prices surged past $35 per an ounce on Thursday, buoyed by currency weakness, industrial appetite and safe-haven flows, with analysts suggesting the rally may not be over yet.Silver prices crossed the $35 mark per ounce and hit their highest level since March 2012, lifted by a mix of…
Indian maritime companies signed shipbuilding and technology collaboration agreements at the Nor-Shipping conference in Oslo, as part of a government-led push to boost global partnerships in the sector, according to an official statement released on Thursday.One of the key agreements includes a memorandum of intent signed between Germany’s Carsten Rehder Schiffsmakler und Rehder GmbH &…
With global players and key states on board, India Energy Storage Week aims to boost manufacturing and green innovation through new partnerships and MoUsIndia is likely to attract investment exceeding Rs 8,000 crore in energy storage, electric mobility and green hydrogen during the upcoming India Energy Storage Week (IESW) 2025, to be held in New…
NEW DELHI: India’s coal-fired electricity generation in May saw its steepest decline in five years, driven by a drop in overall power demand and a surge in renewable energy output, according to a Reuters analysis of government data. This marked the first fall in power demand since August and coincided with record-high generation from clean…
NEW DELHI: Maruti Suzuki India on Thursday announced that it transported a record 5.18 lakh vehicles via Indian Railways in FY 2024-25, its highest ever in a single year.The company’s cumulative railway dispatches since FY 2014-15 have reached 24 lakh vehicles, according to their official statement.The automobile manufacturer currently services more than 600 cities across…
NEW DELHI: Shares of Eternal Ltd, the parent company of food delivery platform Zomato, surged nearly 6% on Thursday, extending its two-day rally to over 8%. The upward momentum followed Morgan Stanley reaffirming the company as its top sector pick. The brokerage firm kept its target price at Rs 320, suggesting a possible 33% upside…
NEW DELHI: Adani Group announced on Thursday that it paid nearly Rs 75,000 crore in taxes in FY2024-25, marking a 29% increase from the previous year. The Adani Group said its listed companies contributed Rs 74,945 crore to the exchequer in FY2024-25, up 29% from Rs 58,104 crore in the previous year. This total includes…