MUMBAI: Microfinance must now shift from basic access to delivering long-term income stability for borrowers and a clear pathway to formal credit, the RBI said. The central bank has warned that the sector’s recent regulatory freedom can become a liability if lenders do not uphold responsible conduct.Speaking at a microfinance industry network event during the…
NEW DELHI: India is hopeful of reaching a framework trade deal with the US this year that should address the tariff issue to the benefit of Indian exporters, commerce secretary Rajesh Agrawal said here Friday. While a bilateral trade agreement (BTA) will take time, a framework trade deal will address the reciprocal tariff challenge faced…
MUMBAI: SoftBank-backed e-commerce startup Meesho will focus on making online shopping affordable for more consumers and build the value segment of the market where the opportunity is large rather than going after the quick delivery space, said Vidit Aatrey, co-founder and CEO at the company which is set to get listed on the bourses next…
MUMBAI: Reserve Bank of India has hacked through its regulatory rulebook in what it describes as a once-in-a-generation overhaul, consolidating circulars issued over seven decades of instructions into 244 master directions tailored to 11 categories of regulated entities. The exercise has eliminated 9,446 circulars, some dating back to 1944, replacing a dense and scattered web…
India’s GDP growth has consistently surprised on the upside in the last few quarters. (AI image) NEW DELHI: The Indian economy grew 8.2% in the July-Sept quarter as a strong comeback by the manufacturing sector and robust services activity helped it clock the fastest pace of expansion in six quarters.Strong domestic demand, which drove factories…
Finance Minister Nirmala Sitharaman on Friday said the July–September GDP growth of 8.2 per cent reflects the strength of the Indian economy and underscores the impact of reforms and fiscal consolidation.In a post on X, Sitharaman said, “Various high-frequency indicators also point to continued economic momentum and broad-based consumption growth.”Official data released earlier in the…
The Adani Group on Friday said it is targeting a consolidated debt level of Rs 1 lakh crore by 2030, stressing that its long-term growth strategy aims to minimise reliance on fresh capital raising.Speaking at the Trust Group’s 5th India Debt Capital Market Summit 2025, Adani Group CFO Jugeshinder (Robbie) Singh said the group believes…
Backed by stronger-than-expected second-quarter numbers, Chief Economic Adviser V Anantha Nageswaran on Friday said India’s economy is poised to grow at over 7% this fiscal, with the GDP set to cross the $4 trillion mark in FY26, according to PTI.Briefing reporters after the release of Q2 GDP data, Nageswaran said the economy’s current trajectory makes…
Black Friday no longer pulls Americans from Thanksgiving dinners for midnight mall queues, but it still draws more in-store traffic than any other day of the year — and remains the unofficial start of the US holiday shopping season.This year’s kickoff came as US consumer confidence slipped following the federal government shutdown, weak hiring and…
The Reserve Bank on Friday completed a nearly six-month regulatory consolidation, repealing 5,673 obsolete circulars and subsuming over 3,800 into 244 function-wise master directions (MDs), the central bank said.In all, 9,446 circulars have been repealed, subsumed or withdrawn as part of the exercise, Deputy Governor S C Murmu said, describing the review as a “mammoth…
