MUMBAI: :Stress is emerging in the micro-borrower segment of the MSME industry, particularly for loans with ticket sizes below Rs 2 crore, even as larger enterprises remain relatively resilient amid geopolitical headwinds, tighter working capital conditions, and global supply chain pressures. The divergence in asset quality across MSME segments has widened, with micro borrowers showing…
Pramit Jhaveri makes comeback, to join Tata-run NCPA board MUMBAI: Pramit Jhaveri is set to be back in the Tata Trusts ecosystem—but through a different door. He will be joining the board of the National Centre for the Performing Arts (NCPA) as an independent member, marking his return to one of Trusts’ most prestigious institutions….
NEW DELHI: The Union cabinet has cleared fresh investment commitment of Rs 30,000 crore towards new funds being set up by National Investment and Infrastructure Fund (NIIF) as it seeks to leverage the additional resources to raise money from other investors. NIIF intends to set up a second infrastructure focused fund and will also support…
In clean-up drive, ex-CEC Rajiv Kumar named HDFC chairman MUMBAI: The HDFC Bank board has appointed former chief election commissioner and ex–finance secretary Rajiv Kumar as chairman of the bank, subject to RBI approval. Starting June 30, the board has proposed a four-year term. The appointment ends uncertainty over the next chairman, following the sudden…
Axis Bank on Monday announced that its chief financial officer, Puneet Sharma, has resigned. Sharma, who has led the bank’s finance function since March 2020, stepped down on Sunday, June 28, and will remain with the lender until August 31. During his time at the private sector lender, Sharma served as the group head and…
The Centre is planning to roll out a Rs 5,000 crore scheme over the next three months to promote the adoption of cleaner technologies in the steel sector as part of efforts to reduce carbon emissions The Centre is planning to roll out a Rs 5,000 crore scheme over the next three months to promote…
India’s Gen Z has mastered accountmaxxing — stacking SIPs, buying mutual funds and chasing financial freedom. SIPs? Locked in. Mutual funds? Loading. But when it comes to insurance, many are still depending on their parents to handle it. According to a Bajaj Capital report, 51% of Gen Z respondents actively invest through mutual funds and…
Concerns over the country’s fiscal outlook intensified after crude oil prices surged amid the conflict in the Middle East. (AI image) US-Iran war impact: India is well positioned to absorb a fiscal deficit that may be more than the current projections this year without putting its investment-grade sovereign rating at risk, according to Moody’s Ratings,…
The global economy is entering a new era, with globalisation giving way to geo-economic fragmentation. The shift could come at a steep cost, with the World Economic Forum (WEF) warning that a full economic decoupling between the East and the West could wipe out as much as $6.9 trillion from global GDP in 2025-26. The…
ITR filing: The choice of form should not be treated as a mechanical carry-forward of the previous year’s position. (AI image) ITR filing FY 2025-26: Any easy mistake to make when filing your income tax return is the form that you choose for ITR. This can especially be the case for salaried taxpayers who can…