Business

NEW DELHI: Borrowings of the National Highways Authority of India (NHAI), which had peaked at almost Rs 3.5 lakh crore in 2021-22, is set to fall below Rs 2 lakh crore by March with the entity planning to reduce its debt load.The Centre is directly taking over funding for highway projects, instead of getting NHAI…

MUMBAI: HDFC Bank’s chief has admitted that the bank has fallen short of its deposit mobilisation growth and has set a very wide range for credit-deposit targets for the current financial year and the next, highlighting the uncertain environment.“Having focused on granular segments has given us encouraging outcomes. We did, however, fall short of our…

MUMBAI: ICICI Bank’s board choosing to seek a two-year term for CEO Sandeep Bakhshi instead of the usual three years has given rise to speculation that this may be his last term. However, the proposal has removed any overhang of uncertainty as his term extends until Oct 2028.Addressing media, the bank’s executive director Sandeep Batra…

NEW DELHI: Free food items, such as wheat and rice made available through the public distribution system (PDS), to nearly 80 crore people will not be part of the new consumer price index (CPI) basket, as the 22-member technical advisory panel, tasked with updating the base year of price indices, has decided to stick to…

NEW DELHI: Vietnamese electric carmaker VinFast will roll out three new models in India in 2026 and expand its retail and service network as it scales up operations in the country, according to a senior official in the company .“We will begin with launching a seven-seater MPV… Beyond that, additional models will follow, each addressing…

MUMBAI: Business news channel ET NOW will kick off its week-long coverage of World Economic Forum‘s annual meeting in Davos while keeping a close eye on the budget with ‘Budget Yatra’.‘Davos Diaries’ will feature interviews with global CEOs, policymakers, investors and thought leaders and capture the ideas shaping the global economic agenda.At home, for the…

NEW DELHI: Business sentiment in the economy is high, driven by stronger demand, better profitability expectations and steady investment conditions, according to a CII survey. Domestic demand has increased, with nearly two-thirds of 175 firms surveyed reporting higher demand for July to Sept 2025 and about 72% expecting further improvement in Oct-Dec 2025. More than…

The government is expected to prioritise medium-term debt consolidation while continuing a strong push for capital expenditure in the Union Budget for 2026-27, according to pre-Budget expectations outlined by rating agency ICRA.ICRA said the upcoming Budget assumes added significance as it will be the first to align with the recommendations of the 16th Finance Commission,…

BENGALURU: Reliance Industries on Thursday said JioMart is on track to become India’s second-largest quick commerce player, underscoring intensifying competition among rapid-delivery platforms even as rivals await their latest quarterly results.In its earnings presentation, Reliance said JioMart’s hyperlocal commerce business recorded a daily run-rate of about 1.6 million orders during the December quarter. Online average…

Parle Products reported steady growth in revenue in FY25, even as profitability came under pressure, highlighting the intense competition and changing dynamics of India’s biscuit and confectionery market. The unlisted FMCG major recorded an 8.5 per cent rise in operational revenue to Rs 15,568.49 crore in the financial year ended March 31, 2025, according to…