Business

RBI imposes restrictions on Loknete RD Kshirsagar Sahakari Bank MUMBAI: RBI has said that the banking sector remains resilient, backed by double-digit balance sheet growth and sustained profitability. Asset quality improved further, with the gross non-performing assets ratio falling to a multi-decadal low and the slippage ratio declining for the fifth straight year. While commercial…

MUMBAI: Silver market globally witnessed one of the most volatile sessions in recent years on Monday as the price of the white metal fluctuated over 14% in intraday trades due to a confluence of factors. The impact was witnessed in the Indian market as well.In the international market, silver prices spurt to close to $84/ounce,…

NEW DELHI: Less than 8% of families, which received employment under MGNREGA, could get the guaranteed 100 days of work in last three financial years, a govt presentation at a parliamentary committee meeting stated, with average days of employment per household pegged at around 50 in last three fiscals.Participation of SC/STs and women workers in…

BENGALURU: Arvind Fashions said on Monday it will acquire Flipkart Group’s stake in Arvind Youth Brands Pvt Ltd for Rs 135 crore, making the entity a wholly owned subsidiary of the company.Arvind Youth Brands houses Flying Machine, the company’s youth-focused denim and casual wear brand. Arvind Fashions said Flying Machine has re-established itself over the…

NEW DELHI: Starting Thursday, Australia is set to provide duty-free access to all Indian exports under the India-Australia Economic Cooperation and Trade Agreement (ECTA), commerce and industry minister Piyush Goyal said Monday.“From Jan 1, 2026, 100% of Australian tariff lines will be zero-duty for Indian exports, unlocking fresh opportunities for labour-intensive sectors,” Goyal posted on…

Striking the right balance – leniency for genuine taxpayers and strong deterrence for willful evaders – will be the real test of the reforms. (AI image) In a significant move aimed at reshaping India’s tax enforcement landscape, NITI Aayog has proposed sweeping reforms to decriminalise a wide range of income tax-related offences and usher in…

India recorded its highest-ever annual renewable energy capacity addition this year, installing 44.5 GW of new capacity till November, nearly doubling the additions seen in the same period last year, according to the Ministry of New and Renewable Energy (MNRE).With this expansion, the country’s renewable energy installed capacity has reached 253.96 GW, while overall non-fossil…

NEW DELHI: Flight travel across India remain disrupted for another day on Monday with several flights cancelled and many cancellations set for tuesday as well.As per the IndiGo’s cancelled flight data, 59 flights, scheduled for December 30 have now been cancelled. 116 flights were cancelled on Monday, majorly due to bad weather while 5 were…

SAN FRANCISCO: India is no longer a decade behind Silicon Valley in building with artificial intelligence, Elevation Capital’s AI partner Krishna Mehra said, arguing that founders in Bengaluru and other Indian hubs are now closer to the global frontier and should aim to build category-leading companies rather than “number two or three” players.“In the SaaS…

The number of ATMs in the country declined as people shifted digital payments. The e-payments network reduced customers’ need for cash withdrawals, even as bank branches continued to expand, a Reserve Bank of India (RBI) report said.Private banks led the contraction, cutting their ATM network to 77,117 from 79,884, while public sector banks reduced their…