MUMBAI: India’s formal retail credit penetration more than doubled over the past decade, with the share of consumers who accessed credit at least once rising from 35% in March 2017 to 74% in March 2026, even as the credit-eligible population expanded from 79 crore to 89 crore.The expansion was accompanied by a sharp rise in…
Markets open higher; Nifty tops 24,360, Sensex nears 78,000 Indian benchmark indices opened higher, tracking positive global cues and continued foreign investor buying. The Nifty 50 rose 44.30 points (0.18%) to 24,361.50, while the Sensex gained 70.51 points to 77,998.70. Broader markets also remained firm, with the Nifty Midcap 100 advancing 175.25 points (0.28%) to…
Sanctions and trade experts say it would establish a new precedent by allowing future presidents to use secondary tariffs to target entire countries. (AP photo) US President Donald Trump may not find it easy to get the new bill championing fresh sanctions on Russia and countries that trade with it passed. The proposed legislation would…
Market participants had viewed this week as a crucial test for the technology sector. US stock market today: Nasdaq outperformed the other major Wall Street indexes on Friday as a 13.7% rally in Amazon shares lifted technology stocks. Amazon joined other Big Tech firms in reporting robust cloud business growth, easing investor concerns over returns…
NRIs should first confirm their tax residential status for the relevant financial year and accordingly report their taxable income. ITR filing FY 2025-26: July 31, 2026 is the deadline to file income tax returns for salaried taxpayers and pensioners. Non Resident Indians (NRIs) are also required to offer their Indian income to tax in their…
There are several benefits associated with the use of plastic or polymer notes. (Image for representative purpose) In the coming months you may be holding a currency note made of plastic instead of paper! India has taken the first step towards introduction of plastic or polymer notes. The move revives a project that was first…
Samudra Manthan is projected to help add more than 600 million metric tons of oil Equivalent (MMTOE) to India’s reserves. Samudra Manthan scheme: Amid the ongoing Middle East crisis, India has announced a Rs 84,084 crore scheme for oil and gas exploration. PM Narendra Modi-led Union Cabinet approved the ‘Samudra Manthan’ National Offshore Exploration Scheme…
FSPV projects will include a minimum of 2-hour Energy Storage Systems (ESS). Looking to post solar energy generation capacity, Prime Minister Narendra Modi-led cabinet on Friday approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) scheme. The scheme targets establishing 5,000 MW of Floating Solar PV (FSPV) capacity in the country.This is a more than seven-fold…
File photo: Salil Parekh, Infosys CEO BENGALURU: When Salil Parekh took over as Infosys CEO in 2018, the company was grappling with boardroom turmoil that had shaken investor confidence. Over nine years, he helped transform the company, doubling revenue from $10 billion to $20 billion, securing over $100 billion in large deals, and the foundation…
Sebi (representative image) MUMBAI: National Stock Exchange (NSE) on Thursday said that markets regulator Sebi has accepted in-principle revised terms of settlement for certain past regulatory lapses, against a payment of Rs 1,491 crore. The settlement issue which was under process for several years, now paves a smooth sailing of NSE’s IPO for which the…
