MUMBAI: Credit-deposit ratio of banks hit an all-time high of 83% as of March 15, 2026, after deposits fell and credit continued to expand during the reporting fortnight.Aggregate deposits declined by Rs 1.8 lakh crore duCredit growth outpaced deposit mobilisation through the current financial year, with incremental credit at Rs 25.3 lakh crore exceeding incremental…
NEW DELHI: The Centre’s move to slash excise and impose windfall tax on diesel and aviation fuel will leave it poorer by around Rs 1.3 lakh crore if the energy crisis due to the West Asia conflict persists for a full year.An early resolution will reduce the pressure on oil prices and consequently on govt…
NEW DELHI: Govt on Friday moved a fresh bill to decriminalise provisions across 79 central laws as part of its efforts to make life simpler for businesses and individuals.Govt officials said along with amendments to the Companies Act, which are currently pending in Parliament, as well as the new income tax law, the overall decriminalisation…
MUMBAI: The govt on Friday said that it plans to borrow Rs 8.2 lakh crore between April and Sept this year under its Budget-approved borrowing programme, roughly half of the Rs 16.2 lakh crore in total. The borrowing for the first half of fiscal 2027 would be spread over 26 weekly auctions with about 25%…
MUMBAI/BENGALURU: The restaurant industry is struggling to run regular operations due to the meagre supplies of LPG cylinders . With the govt’s move to hike commercial LPG allocation to up to 70%, it will take some time before the measure actually translates into sustained supply, executives said. “Supply is still hugely limited and erratic. A…
Gold is moving from the mid-band toward the upper band, suggesting strengthening momentum. (AI image) Gold price prediction today: Gold prices are seeing a steady recovery and Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.Gold futures on MCX are trading near ₹1,45,500 after witnessing a steady…
Shares of Reliance Industries Ltd (RIL) fell more than 4% on Friday after the government reintroduced windfall taxes on diesel and aviation turbine fuel (ATF) exports, eroding over Rs 82,000 crore from the company’s market capitalisation in intra-day trade.At 3:30 pm, shares of Reliance Industries Ltd were trading at Rs 1,350.80, down Rs 62.30 or…
Sitharaman in Rajya Sabha NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said the government will remain on its “toes” to keep the fiscal deficit under check even as it works to shield the common man from the impact of rising global crude oil prices amid the West Asia conflict.Replying to a discussion on the…
Equity benchmark indices Sensex and Nifty plunged over 2% on Friday, snapping a two-day rally, as global weakness and rising geopolitical tensions dented investor sentiment.The 30-share BSE Sensex dropped 1,690.23 points, or 2.25%, to close at 73,583.22. During the session, it fell as much as 1,739.04 points, or 2.31%, to 73,534.41. The NSE Nifty declined…
Glimpse of Noida International Airport (Shared by PM Modi on X) NEW DELHI: The Noida International Airport at Jewar in Uttar Pradesh will be inaugurated on Saturday, with Prime Minister Narendra Modiopening the first phase of the project that is set to add capacity to the National Capital Region’s aviation network.“Tomorrow, 28th March is a…
