MUMBAI: The microfinance industry, once heralded as a tool for financial inclusion and finding wealth at the bottom of the pyramid, is shrinking. Banks and finance companies are cutting back on loans below Rs 50,000, wary of defaults in the segment. Meanwhile, collections are showing a mixed picture with lenders shifting to larger loans over…
Govt mulling extra GST over and above 40% proposed on tobacco products (AI image) The government is reportedly considering imposing additional excise or special duties beyond the proposed 40% GST on tobacco products to sustain current taxation levels, following Prime Minister Narendra Modi’s announcement of GST 2.0 reforms that eliminate compensation cess.Several states are requesting…
Mumbai Indians, Royal Challengers Bengaluru (RCB), and Lucknow SuperGiants (LSG) reported revenue declines in FY25, according to the Economic Times.Reliance Industries-owned Indiawin Sports, which operates Mumbai Indians, posted a profit of Rs 84 crore, down from Rs 109 crore in FY24. Revenue slipped to Rs 697 crore from Rs 737 crore.Diageo-owned RCB reported revenue of…
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, Uno Minda Ltd, and HDFC Life are the top stock picks for this week. Here’s his view on Nifty, Bank Nifty for the week starting August 18, 2025: Nifty View The benchmark index Nifty…
Investors will focus on domestic high-frequency data, such as HSBC India Manufacturing, Services, and Composite PMIs, to gauge growth momentum. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, soared in opening trade on Monday on the back of next-generation GST reforms announced by PM Modi during his Independence Day…
The June quarter turned out to be a muted one for India’s leading paint makers, as the early arrival of the monsoon and aggressive pricing by new entrants ate into their growth. Asian Paints, Berger Paints, Kansai Nerolac Paints and Akzo Nobel India all reported subdued numbers, though sequential improvement was visible in urban markets…
The steep tariffs imposed on Indian exports to the US have triggered sharp debate among staffing specialists, with some flagging the risk of immediate job losses and others suggesting that India’s domestic demand and trade diversification could soften the blow.“The recent imposition of additional US tariffs is expected to have a direct and substantial impact…
The commerce ministry’s investigation arm has recommended a three-year safeguard duty on imports of certain flat steel products, citing a sudden surge in shipments that threatened serious injury to domestic producers, PTI reported.In its final findings, the Directorate General of Trade Remedies (DGTR) said it observed “a recent, sudden, sharp and significant increase in imports…
Union road transport and highways minister Nitin Gadkari on Sunday said that India’s logistics cost will come down to single digits by the end of 2026, making the country more competitive in global trade.“I want to assure the Prime Minister and all of you that before the end of 2026, the logistics cost of our…
Gold prices are expected to witness a phase of consolidation in the coming week as investors focus on fresh global economic data, commentary from central bankers and evolving geopolitical developments, according to analysts.Traders will keep a close watch on US housing numbers, consumer price data from the UK and Eurozone, and provisional PMI releases from…
