NEW DELHI: ICICI Bank on Saturday reported a 50 per cent soar in standalone web revenue to Rs 6,905 crore within the first quarter of the present fiscal, aided by a decline in unhealthy loans. The second greatest non-public sector financial institution had posted a web revenue of Rs 4,616 crore in the identical quarter...
WASHINGTON: US job progress elevated greater than anticipated in June and the unemployment fee remained close to pre-pandemic lows, indicators of persistent labor market power that give the Federal Reserve ammunition to ship one other 75-basis-point rate of interest improve later this month. Nonfarm payrolls elevated by 372,000 jobs final month, the Labor Division’s carefully...
NEW DELHI: The Indian financial system can develop by 7-7.8 per cent this fiscal on the again of higher agriculture manufacturing and a revitalised rural financial system amid world headwinds primarily as a result of ongoing Russia-Ukraine battle, eminent economists mentioned. Eminent economist and BR Ambedkar College of Economics (BASE) vice-chancellor NR Bhanumurthy mentioned at...
MUMBAI: SBI Analysis has projected the Indian financial system to develop at 7.5 per cent in 2022-23, an upward revision of 20 foundation factors from its earlier estimate. As per official knowledge, the financial system grew by 8.7 per cent in FY22, web including Rs 11.8 lakh crore within the 12 months to Rs 147...
MUMBAI/NEW DELHI: India has allowed wheat shipments of 469,202 tonnes since banning most exports final month, however no less than 1.7 million tonnes is mendacity at ports and could possibly be broken by looming monsoon rains, authorities and trade officers advised Reuters. Shipments which were allowed moved primarily to Bangladesh, the Philippines, Tanzania and Malaysia,...
NEW DELHI: Interest rates on dwelling, auto and private loans have as soon as once more risen this month after the Reserve Bank of India (RBI) elevated the repo charge in Might. Whereas some banks introduced charge hikes instantly after the RBI’s determination, others have their rates of interest on loans from June 1. Listed...
NEW DELHI/MUMBAI: Tomato prices are surging in India, placing politicians on discover as greens have an uncommon historical past of toppling governments within the nation. Tomatoes, potatoes and onions type the holy trinity of Indian cooking, the place they’re typically combined with spices to type the bottom for curries, resembling rooster tikka masala. The common...
NEW DELHI: The Directorate Basic of Civil Aviation (DGCA) has imposed a high-quality of Rs 10 lakh after a co-pilot landed an plane in Indore beneath the supervision of a captain who had not undergone simulator coaching to coach a primary officer. The regulator says this “severe violation (had endangered) lives of everybody on board.”...
BENGALURU: Indian shares have been flat on Thursday as losses in auto shares have been offset by positive aspects in Reliance Industries and expertise agency Tata Consultancy Providers, whereas world investor sentiment soured on considerations over excessive inflation and the danger of a US recession. The NSE Nifty 50 index was up 0.06% at 16,532.35...
MUMBAI: The rupee slipped 12 paise to 77.62 towards the US dollar in early commerce on Thursday, monitoring the energy of the American foreign money within the abroad market. On the interbank overseas alternate, the rupee opened at 77.61 towards the American greenback, then misplaced floor to cite at 77.62, registering a fall of 12...
