Business

[ad_1] MUMBAI: Bank lending to non-banking finance companies slowed sharply in April, with outstanding loans to the sector falling by Rs 25,512 crore to Rs 16.1 lakh crore. At the end of March 2025, bank credit to NBFCs stood at Rs 16.4 lakh crore, marking a modest growth of 5.7% in FY25.This was significantly lower…

[ad_1] Goods and Services Tax (GST) NEW DELHI: Goods and services tax (GST) collections rose 16.4% to Rs 2,01,050 crore in May, the fastest pace of expansion since Oct 2022, on the back of a jump in taxes on imports.Latest data estimated that during May (for transactions in April), GST collections from imports rose 25.2%…

[ad_1] NEW DELHI: EY India Chairman and CEO Rajiv Memani has taken charge as the new president of CII, the move coming at a time when the govt negotiates a bilateral trade agreement (BTA) with the US while working out free trade agreements with other countries and regions.Memani takes over from ITC Chairman & MD…

[ad_1] If the ruling is upheld it could mean the Trump administration will have to reimburse the substantial import duties already collected. (AI image) What will happen if the US trade court ruling against American President Donald Trump’s reciprocal tariffs is upheld? If that happens, it could necessitate the Trump administration to refund billions in…

[ad_1] NEW DELHI: Housing sales in India’s tier-II cities witnessed a mixed performance during the January-March quarter of 2025, with a decline in volume but an increase in value, according to data from real estate consultancy PropEquity, as reported by PTI.A total of 43,781 housing units were sold across 15 tier-II cities in Q1 2025,…

[ad_1] NEW DELHI: The Reserve Bank of India‘s upcoming interest rate decision, along with key macroeconomic data releases and global market cues, will play a pivotal role in determining equity market movements this week, according to market analysts.Marking the opening for June, market sentiment will also be shaped by trading patterns of Foreign Institutional Investors…

[ad_1] Image used for representative purposes Air India announced its plans to reduce its reliance on Turkish Technic for the maintenance of its wide-body aircraft, redirecting operations to alternative Maintenance, Repair and Overhaul (MRO) facilities, according to CEO Campbell Wilson. The move comes in light of recent geopolitical developments involving Turkiye.In May, Turkiye voiced support…

[ad_1] The falling oil prices, influenced by US President Donald Trump‘s policies and OPEC+’s increased output quotas, have pushed crude costs to their lowest since the Covid pandemic, benefiting consumers whilst creating challenges for producers.Brent North Sea crude currently trades below $65, significantly lower than the $120 peak witnessed in 2022 after Russia’s invasion of…

[ad_1] NEW DELHI: IndiGo‘s CEO Pieter Elbers on Sunday addressed the Turkish Airlines agreement termination deadline of August 31 set by the government.“This is the government’s decision and we will comply with the government’s decision. We have the coming month to find a solution for the customers which were booked,” he said.Further talking about the…

[ad_1] IndiGo airlines announced on Sunday that it has placed a firm order for an additional 30 wide-body A350 aircraft with Airbus, bringing their total A350 fleet commitment to 60 aircraft.Following their initial firm order of 30 A350 aircraft in April 2023, which included an option for 70 additional planes, IndiGo has now confirmed orders…