India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
MUMBAI: Lower interest rates and premiumisation will help realtors post healthy double-digit growth in home sales this fiscal and the next, as demand stabilises after three years of post-pandemic recovery. This is expected to lead to overall home sales rising by 10-12% in both fiscals, according to a report. With supply anticipated to continue exceeding demand, inventory levels are expected to inch up during this fiscal and the next. However, strong collections and deleveraged balance sheets of developers will help maintain healthy credit profiles. In a report based on the analysis of 75 realtors primarily engaged in residential development and accounting for around 35% of residential sales Crisil Ratings stated on Tuesday that in the three fiscals through 2025, sales recorded a compound annual growth rate of 26%, while demand grew by 14% annually. The remaining growth came from an increase in realisations. Based on these trends, demand is expected to grow by 5-7%, with prices rising by 4-6%.
New Delhi: India's gold loan market has increased from USD 33 billion in FY19 to USD 83 billion in FY24, growing at a compound annual growth rate (CAGR) of 20 per cent, according to Praxis Global Alliance report. Gold loans have always been a popular way for Indians to borrow money. With a strong cultural link to gold, many families keep gold as part of their savings. Borrowing against gold is quick and easy, making it a preferred option for people from all income groups. The market includes both formal lenders like banks and non-banking financial companies (NBFCs), as well as informal money ...Read More >
RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" to create an investment cycle, as the country navigates a choppy global economic environment. In his inaugural address at the annual banking conference 'FIBAC 2025', the Governor said RBI is examining measures to expand bank credit including the sunrise sectors. "I would ...Read More >
The Bank of England will keep its key policy rate on hold on September 18 as inflation is creeping up, but it will cut once next quarter and again early next year, according to a majority of economists in a Reuters poll. However, a growing minority of economists say the central bank is done with cutting this year. After peaking at more than 11% nearly three years ago, inflation briefly returned to the central bank's 2% target last year but has since risen to nearly double that. With cost-of-liv ...Read More >
Mumbai (Maharashtra) [India], December 15 (ANI): The services exports, which have been the strongest part of the country's growth story for more than two decades, have seen a sharp slowdown in recent years, even though long-term growth remains among the best globally, highlighted a report by DSP Asset Managers. According to the data in the report, services exports have been the brightest spot in India's economic growth over the last two and a half decades. Over the full period from FY01 to FY25, net services exports recorded a strong compound annual growth rate (CAGR) of 22 per cent. This is ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite MI's dominant chase of 220. KKR seemed in control after posting a commanding 220/4, but the script ...Read More >
New Delhi [India], December 3 (ANI): India's real estate sector is entering a "sweet spot," supported by a unique combination of favourable factors expected to drive growth over the next three to five years, according to a UBS report. The report highlights multiple tailwinds for the residential sector, including record-low inventory levels, strong affordability, supportive regulations, and increased consolidation among developers. Additionally, factors such as urbanization, rising incomes, and potentially lower interest rates further bolster the outlook. The Indian property sector has been a ...Read More >
Crisil Ratings anticipates a 9-11% revenue increase for diversified EPC companies this fiscal year, fueled by infrastructure capital expenditure growth and efficient project execution. The study, encompassing 15 firms with a combined revenue of ₹3.15 lakh crore, highlights the sector's reliance on government and private capex. Diversified engineering, procurement and construction (EPC) companies are likely to witness a modest rise of 9-11 per cent in revenue in the current financial year, acco ...Read More >
Pune (Maharashtra) [India], September 26: Ventive Hospitality Limited (BSE: 544321, NSE: VENTIVE) ("Ventive Hospitality") announced today that it proposes to enter into definitive agreements to acquire a 76% stake in Soham Leisure Ventures Pvt. Ltd. (Soham). Soham owns the 104 operational keys Hilton Goa Resort and a land parcel in Goa. Also Read | Pakistan PM Shehbaz Sharif, Field Marshal Asim Munir Wait 'Somewhere in the Oval' for Almost Hour To Meet Donald Trump (Watch Video). In line with Ventive's strategy of doubling its room portfolio and pursuing value-accretive capital allocation, t ...Read More >
Mumbai, June 6: RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. The RBI Governor also announced a 100 basis points CRR cut, effective in four equal tranches of 25 basis points starting from September 6, October 4, November 1 and November 29. The step is expected to inject Rs 2.5 lakh crore into the banking system, boosting liquidity and supporting credit flow. A lower policy rate leads to a decline in interest rate on b ...Read More >
Bengaluru : Kinara Capital, a leading fintech driving MSME financial inclusion, today released its fourth edition of MSME Insights, signaling strong optimism and increased formalization in the MSME sector. MSME entrepreneurs are confident about their near-term business growth prospects. According to the latest MSME Insights, 81% of the surveyed MSMEs expect their business revenue to increase within the next 1-2 years. Of these, 34% anticipate a revenue growth of more than 15% in their businesses. Additionally, MSMEs are embracing formalization, with 51.7% of the surveyed reporting that they ar ...Read More >
Bengaluru - : Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) ('Embassy REIT'), India's first listed REIT and the largest office REIT in Asia by area, announced today that it has successfully raised ₹1,550 crores through a combination of Non-Convertible Debentures (NCDs) and term loan facilities. The proceeds will be used to refinance certain existing debt, resulting in annual interest savings of approximately 113 basis points (bps). The fund raise comprises ₹750 crores via Embassy REIT Series XIV NCDs, priced at a coupon of 6.97%, and a ₹800 crore term loan from a leading bank that is ...Read More >
Around 16 equity mutual funds have offered more than 30% CAGR in the last three years, based on the daily rolling returns. There were around 222 equity mutual funds that have completed three years of existence in the market. These 16 schemes were from six different categories. 10 small cap funds, two mid cap funds, a multi cap, flexi cap, contra fund, and an ELSS fund offered over 30% CAGR in the mentioned period. The first four toppers in the list were from the small cap category. Quant Small Cap Fund offered the highest CAGR of around 43.60% in the last three years based on daily rolling r ...Read More >
BENGALURU, July 17 (Reuters) - Indian private lender Axis Bank (AXBK.NS), opens new tab reported a surprise drop in first-quarter profit on Thursday, as it set aside more funds for potential bad loans and as its lending margin contracted. The standalone net profit at India's fourth-largest private lender by market capitalisation fell 4% to 58.06 billion rupees ($674.8 million) for the quarter ended June 30 from 60.35 billion rupees a year earlier. Analysts had expected a profit of 63.73 billion rupees, as per data compiled by LSEG. Its net interest income, the difference between interest ear ...Read More >
Mumbai, June 6 (SocialNews.XYZ) RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. A lower policy rate leads to a decline in interest rate on bank loans which makes borrowing easier for consumers as well as businesses resulting in higher consumption and investments in the economy leading to higher growth. However, the effectiveness of this rate cut will largely hinge on how quickly and efficiently commercial banks pass on ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy as the feast was organised in the month of saawan. Although Lalan Singh made separate arrangements ...Read More >
Asset quality metrics are weakening in the past few quarters in some segments. This has necessitated a recalibration of growth strategies, especially in unsecured loans and microfinance Unsecured loans given by Non Banking Finance Companies (NBFCs) and credit to microfinance segments, accounting for 23% of the overall NBFC Asset Under Management (AUM) are expected to be impacted the most in the current and next fiscals according to CRISIL Ratings' outlook on the sector. Krishnan Sitaraman, Chief Ratings Officer, CRISIL Ratings said, "Recent regulatory pronouncements have brought to the fore t ...Read More >
Hyderabad, June 27 (UNI) India's electricity demand is expected to reach 4 trillion units (4,000 TWh) by 2035 due to industrial expansion, urban growth, and the electrification of transport, according to the latest report released by OmniScience Capital, a Global Investment Management firm. Energy transition has become critical for a sustainable future, initiatives and policies such as Net-zero, 500 GW Renewable power target, EV adoption, Rooftop Solar push, and others are driving this transformation, the report stated. By 2035, three transformative sectors -- Electric Vehicles (EVs), Data C ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
Mumbai (Maharashtra) [India], December 15 (ANI): The services exports, which have been the strongest part of the country's growth story for more than two decades, have seen a sharp slowdown in recent years, even though long-term growth remains among the best globally, highlighted a report by DSP Asset Managers. According to the data in the report, services exports have been the brightest spot in India's economic growth over the last two and a half decades. Also Read | Sajid Akram and Naveed Akram, the Gunmen Behind Bondi Beach Terror Attack, Identified As Father-Son Duo From Pakistan's Lahor ...Read More >
Mumbai: Axis Bank reported a 4% fall in its June quarter net profit to ₹5,806 crore, below consensus estimates, as provisions rose sharply at the private lender and business income was tepid. Analysts polled by Bloomberg had estimated PAT at ₹6,375.8 crore. The lender had reported profits of ₹6,034.6 crore in the same period last year. Net interest income or the core income of the bank for the quarter under review was flat at ₹13,560 crores versus ₹13,448 crore in the corresponding quarter last year. Net interest margin was at 3.80% versus 4.05% in the same quarter last year. It contracted ne ...Read More >
New Delhi [India], July 20 (ANI): India tyre sector is set to see steady revenue growth of 7-8 per cent this fiscal, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady, said Crisil Ratings in a report. The report added that the rising premiumisation is expected to give a slight leg-up to realisations. However, escalating trade tensions and the risk of dumping by Chinese producers diverting inventories because of US tariffs could pose challenges. Operating profitability is li ...Read More >
LONDON - Thames Valley Housing Association (TVHA), operating as MTVH, has reported an increase in total revenue to $227 million for the six months ending on September 30, 2024, up from $209 million in the same period last year. This growth has been attributed to a 7.7% rise in government social rent and higher sales of new homes, with 147 units sold compared to 116 the previous year. Despite the revenue increase, MTVH experienced a decrease in operating surplus, down to $61 million from $75 million, reflecting a $20 million lower surplus from fixed asset disposals year-on-year. Consequently, ...Read More >
New Delhi [India], July 7 (ANI): Growth in India's cement demand will recover to 6.5-7.5 per cent this fiscal (2025-26) after falling to 5 per cent in the recently concluded 2024-25 fiscal, according to a Crisil Ratings report. This, coupled with an uptick in realisations, will lift operating profitability by Rs 100 to a level just above the decadal average, the rating agency asserted in its report on Monday. Healthy accrual coupled with robust balance sheets will keep the credit profiles of cement makers stable, a Crisil analysis of 17 cement companies, accounting for over 85 per cent of do ...Read More >
Mumbai: A new report by the Boston Consulting Group (BCG) warns that Indian banks must prepare for a period of heightened interest rate volatility after more than a decade of relatively stable and downward-trending rates. The study, Interest Rate Sensitivity in Indian Banking, highlights that the impact of policy rate changes on bank performance is neither immediate nor uniform, and that credit growth is more dependent on borrower sentiment and lender confidence than on rates alone.Empirical evidence underscores this point: credit growth remained weak during 2014-2016 and 2018-2020 despite dec ...Read More >
A high base, along with inflation risks and interest rate movements, will likely temper demand, while the tractor outlook remains tied to the monsoon and rural incomes India's passenger vehicle (PV) industry growth is expected to moderate to 4-6 per cent in FY27, mainly due to a high base and evolving macroeconomic conditions, ratings agency ICRA said on Friday. For FY26, the PV industry is estimated to report wholesale volume growth of around 7-9 per cent, supported by strong festive demand, G ...Read More >
New Delhi [India], July 1 (ANI): India's gold loan market has increased from USD 33 billion in FY19 to USD 83 billion in FY24, growing at a compound annual growth rate (CAGR) of 20 per cent, according to Praxis Global Alliance report. Gold loans have always been a popular way for Indians to borrow money. With a strong cultural link to gold, many families keep gold as part of their savings. Also Read | WWE RAW Results and Highlights Today, June 30: The Judgment Day Win World Tag Team Belts, Seth Rollins Gets Attacked By CM Punk and LA Knight, and Other Results on Monday Night Raw on Netflix. ...Read More >
New Delhi: India's passenger vehicle industry growth is expected to moderate to 4-6 per cent in FY27, largely due to the high base and evolving macroeconomic conditions, ratings agency ICRA said on Friday. For FY26, the industry is estimated to report wholesale volume growth of around 7-9 per cent, supported by strong festive demand, GST rate cuts and multiple new model launches, ICRA said in a statement. "The industry continues to witness structural shifts, with utility vehicles accounting for nearly 67 per cent of overall sales, reflecting sustained premiumisation trends," it said. Furthe ...Read More >
New Delhi [India], July 9 (ANI): As Indian savers increasingly explore mutual funds, pensions, and direct investments, among others, banks will need to leverage data science to understand depositor behaviour and tailor their products, a Boston Consulting Group (BCG) study suggests. BCG conducted a study titled, 'Interest Rate Sensitivity in Indian Banking: An Empirical Look and its Strategic Implications', determining the effect of rate changes--specifically the repo rate and treasury bill rates--on key banking metrics- advances, deposits, and Net Interest Income (NII). Post the study, BCG s ...Read More >
New Delhi: Supermarket chain Vishal Mega Mart has mobilised Rs 2,400 crore from anchor investors, an update with the exchange showed. Those who were allotted shares in the anchor round included SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Ltd, Axis Mutual Fund (MF), HDFC MF and ICICI Prudential MF, according to a circular uploaded on BSE's website. Overall, a total of 18 domestic mutual funds participated through 44 schemes, collectively accounting for 53.33 per cent of the anchor portion. As per the circular, Vishal Mega Mart has allotted 30.76 crore equity shares ...Read More >
Mumbai, Jan 8 (VOICE) Securitisation volume surged by around 27 per cent year-on-year to Rs 1.78 lakh crore in the first nine months of the current financial year, supported by large issuances from private sector banks, according to a CRISIL report released on Wednesday.Among asset classes, vehicle loans (including commercial vehicles and two-wheelers) accounted for 48 per cent of securitisation volume (vs 40 per cent in the corresponding period in the last financial year). In the third quarter alone, issuances touched Rs 63,000 crore, up 60 per cent year-on-year, with private sector banks co ...Read More >