MUMBAI: Aggregate deposits with banks rose to Rs 265.4 lakh crore as on June 30, 2026, with the system recording a sharp fortnightly increase of about Rs 7 lakh crore, or 2.7%, driven by a balanced rise across both demand and time deposits. The last fortnight surge has taken the year-on-year deposit growth for Q1FY27…
MUMBAI: Auto financiers are pushing for innovation in lending, with a shift towards embedded finance and partnerships instead of generic EMI products, even as global markets adopt integrated digital credit at the point of sale.Speaking at the Federation of Automobile Dealers Association (FADA) 5th Finance and Insurance Summit 2026 in Mumbai Rajan Pental, executive director…
MUMBAI: India’s foreign exchange reserves rose by $7.3 billion to $674.2 billion in the week ended July 3, driven largely by an increase in foreign currency assets and a rise in the value of gold holdings. The gain reflects both valuation effects and accretion in underlying assets, with the two dominant components of reserves accounting…
India’s imports of Russian crude reached a record high in June. (file PTI photo of Russian oil tanker) Russia is one of the few countries in the world that stands out for being one of the biggest exporters of crude oil and also among the largest refiners. But, four years after Moscow’s war with Ukraine…
The report argues that the US has increasingly adopted a negotiation strategy built around uncertainty (Representative image) India should avoid making early concessions in its ongoing trade negotiations with the United States and instead remain patient as Washington’s bargaining position evolves, according to the latest SBI Ecowrap report.The report argues that the US administration has…
The overall technical outlook for MCX Gold remains constructive as price action continues to form a sequence of higher highs and higher lows. (AI image) Gold price prediction today: Gold prices – MCX Gold August futures – are seeing a positive bias and a buy on dips strategy is favoured, says Jateen Trivedi, VP Research…
NEW DELHI: In a bid to boost the domestic manufacturing of batteries and electronics goods, govt has waived basic customs duty on goods used in manufacture of display assemblies, lithium ion cell and inductor coil module.Among the three notifications issued by the finance ministry was one to exempt the basic customs duty (BCD) on the…
AMSTERDAM: India has emerged as the global development hub for more than 85% of Philips’ artificial intelligence (AI) solutions for healthcare, underscoring the country’s growing role in shaping next-generation medical technologies even as the company bets on AI-enabled diagnostics to help address India’s shortage of advanced imaging services and trained specialists.The company said its Bengaluru…
NEW DELHI: Govt will assess whether the rapid adoption of AI is affecting pace of expansion of global capability centres (GCCs) in India, Electronics and IT secretary S Krishnan said on Thursday, while arguing that AI could ultimately help the country attract higher-value work.At a CII event, Krishnan said it was “time to start measuring…
MUMBAI: The Forum for Internet Retailers, Sellers & Traders (FIRST) has dragged Walmart-owned Flipkart Group to the Competition Commission of India (CCI), seeking a fresh investigation into the conduct of the company over practices designed to distort competition, benefit few preferred sellers and exclude scores of small retailers from the marketplace system.In its 157-page complaint…