Business

MUMBAI: State Bank of India has raised its credit growth target for the year after broad-based momentum lifted profitability in the Dec quarter, chairman CS Setty said at a briefing. “On the credit growth advice we had given 12 to 14% credit guidance earlier. We are revising that upwards to 13 to 15% based on…

Union Commerce and industry minister Piyush Goyal said decisions related to India’s imports of Russian crude oil are taken by domestic buyers and are not dictated by the recently concluded India-US interim trade agreement framework, while stressing that diversification into energy supplies including LNG and oil is in India’s strategic interest.Speaking to ANI, Goyal addressed…

Niti Aayog member and former DRDO director general VK Saraswat on Sunday said venture capitalists must increase financial support for Indian defence startups, asserting that these firms have come a long way but require stronger funding backing for sustained growth.Speaking with PTI Videos on the sidelines of the Advantage Vidarbha-2026 Business Conclave and Investment Summit,…

Representative image (Generated by AI) India has allowed a duty concession on imports of only 5 lakh tonnes of dried distillers’ grains (DDGS) from the US under the first phase of the bilateral trade pact, an official told PTI stressing that the volume is equivalent to about 1 per cent of the country’s total consumption.The…

NEW DELHI: Public procurement platform GeM is upgrading its portal to handle higher data load and roll out a future-ready platform this year, its CEO Mihir Kumar said.With the Government e-Marketplace (GeM) platform completing nine years, GeM is replatforming itself which will be a “data lake” for frictionless buyer-seller interface, Kumar told PTI.“We are discussing…

India’s housing market remains strong, with steady growth in both sales volumes and prices, Godrej Properties Executive Chairperson Pirojsha Godrej has said, ruling out any major concerns about demand.In an interview with PTI, Godrej said that the residential market has now stabilised after witnessing unusually rapid growth in the years following the COVID-19 pandemic. He…

Garment exporters in Tamil Nadu’s textile hub Tiruppur expect shipments to the United States to double to about Rs 30,000 crore over the next three years following the India-US trade framework, industry representatives told PTI.They also indicated that the sector could generate about 5 lakh additional jobs over the next three to five years as…

Aadhaar custodian UIDAI has completed mandatory biometric updates (MBU) for over one crore school children across 83,000 schools nationwide, according to an official statement.A child below five years can enrol for Aadhaar using photograph, name, date of birth, gender, address and birth certificate. However, fingerprints and iris biometrics are not captured at this stage as…

During much of 2024 and 2025, India was one of the largest purchasers of discounted Russian oil. (AI image) Will India stop buying Russian crude oil? US President Donald Trump has signed an executive order revoking the 25% penal tariffs on India for its imports of crude from Russia. However, the executive order clearly says…

Public sector banks (PSBs) are expected to cross the Rs 2 lakh crore combined profit mark in the current financial year, buoyed by strong balance sheets, steady credit expansion and improved asset quality, Financial Services Secretary M Nagaraju said.Speaking to PTI in an interview, Nagaraju said the Indian banking system remains resilient, supported by regulatory…