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.
New Delhi: Corporate sales in India rebounded sharply post-pandemic, peaking at 32.5 per cent growth in 2021-22 over the contraction recorded during the pandemic period, before stabilising at 7.2 per cent in 2024-25, according to the latest RBI Bulletin. Net profits rose significantly to Rs7.1 trillion in 2024-25 from Rs2.5 trillion in 2020-21. Consequently, the net profit margin improved to 10.3 per cent during 2024-25 from 7.2 per cent in 2020-21. Corporates continued to deleverage their balance sheet supported by capitalisation of higher profit, with debt-to-equity ratios improving across firm sizes. The interest coverage ratio for manufacturing firms improved significantly, reaching 7.7, on an average during the post-Covid period, reflecting robust debt-servicing capacity, according to the RBI's October Bulletin.
New Delhi [India], June 30 (ANI): Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth -- underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, RBI said in its latest Financial Stability Report. Elevated economic and trade policy uncertainties are testing the resilience of the global economy and the financial system. Also Read | 'I Stand Firmly With Diljit': Actor Naseeruddin Shah Comes Out in Support of Punjabi Singer-Actor Diljit Dosanjh Amid 'Sardaar Ji 3' Controversy. "Financial markets rema ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
New Delhi: India Infrastructure Finance Company Ltd (IIFCL) plans to mobilise up to USD 1 billion through the MIGA guarantee fund during the ongoing first quarter to support infrastructure development across the country. The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against non-commercial risks to facilitate the flow of foreign investment in developing countries and lift people out of poverty. "We are in the process of seeking approval for mobilising up to USD 1 billio ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...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 >
Sidbi achieved an all-time high net profit of Rs 4,811 crore in FY25, marking a 19.5% increase, with its balance sheet surpassing Rs 5.6 lakh crore. The bank maintained excellent asset quality and approved a 20% dividend. Sidbi remains dedicated to bolstering the MSME sector through digital initiatives, green energy promotion, and expanding its branch network for wider credit access. Small Industries Development Bank of India (Sidbi) on Monday said its net profit rose by 19.5 % to hit an all-tim ...Read More >
India's private companies are financially strong and adaptable. They are ready to drive national growth. Their ability to pay debts has improved, boosting financial stability. This sector navigated crises and emerged stronger. Companies are investing more, contributing to economic momentum. Sales growth shows a transition to stable expansion. Profits have risen significantly, improving profit margins. This enhances debt servicing capacity. India's private sector companies, with stronger financia ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) Antique Stock Broking on Tuesday initiated coverage on Adani Power Limited (APL) with a 'Buy' rating, setting a target price of Rs 187 per share. With the stock currently trading around Rs 144, the brokerage sees an upside potential of about 30 per cent, driven by strong earnings visibility, large capacity expansion plans and improving balance sheet strength. In its report, Antique said Adani Power is entering a multi-year earnings upcycle, supported by a sharp increase in capacity and rising power demand in India. The company plans to expand its installed ...Read More >
The Reserve Bank of India (RBI) is set to bolster bank capital adequacy by allowing the inclusion of quarterly profits in CRAR without strict NPA provisioning conditions. In a move aimed at supporting the capital adequacy of commercial banks, the Reserve Bank of India (RBI) on Wednesday proposed to ease norms for including quarterly profits in the computation of the Capital to Risk-Weighted Assets Ratio (CRAR) and to withdraw the requirement of maintaining an Investment Fluctuation Reserve (IFR) ...Read More >
Mumbai, Jun 6 (PTI) Reserve Bank on Friday retained GDP growth projections for the current fiscal at 6.5 per cent, saying the Indian economy presents a picture of strength, stability and opportunity in the backdrop of global uncertainty. The FY26 growth projections are compared with the 6.5 per cent economic growth recorded in the 2024-25 fiscal year. The Reserve Bank of India (RBI) has projected economic growth at 6.5 per cent for the June quarter and 6.7 per cent for the September quarter. For the December and March quarters of FY26, GDP growth is estimated at 6.6 per cent and 6.3 per cent ...Read More >
Mumbai: India's largest cooperative bank, Saraswat Cooperative Bank, has sought central bank approval to acquire New India Cooperative Bank Ltd, a senior management official stated on Tuesday. If the Reserve Bank of India (RBI) approves the merger, Saraswat will acquire the target's entire liabilities and assets, bringing relief to thousands of depositors who are unable to access their entire savings after RBI imposed a moratorium on New India from February 13. Gautam Thakur, chairman of Saraswat Cooperative Bank, told the media that the interest component of depositors will be fully protect ...Read More >
Jamshedpur, July 2: Tata Steel held its 118th Annual General Meeting (AGM) on July 2, where the company's Chairman addressed shareholders with a comprehensive overview of the company's performance, challenges, and strategic direction. The meeting opened on a solemn note, acknowledging recent losses within the Tata Group and paying tribute to significant figures whose contributions shaped the company. "There is a lot to talk about today," said the Chairman. "But I must begin by acknowledging the heavy loss we have felt in recent months. Across the entire Tata Group, we honour those who lost th ...Read More >
New Delhi [India], July 6 (ANI): Confederation of Indian Industry (CII) President, Rajiv Memani, has countered prevailing market sentiment about private capital expenditure, asserting that while there's a perception of a slowdown, private capex is actually taking place across various industry sectors in the country. "There's an atmosphere suggesting that private capex is not happening, but actually capex is happening," Memani stated, citing data showing consistent private investment over the past three years. The CII President pointed to robust corporate fundamentals as evidence of ongoing i ...Read More >
Patna, July 19 (SocialNews.XYZ) In a major action against corruption, the State Vigilance Unit (SVU) on Saturday arrested Sub-Inspector Putul Kumari, the SHO of the Women's Police Station in Samastipur, for accepting a bribe of Rs 20,000. Her driver was also arrested in the case. The arrest has created a stir within the police department. According to an official, Putul Kumari was caught red-handed while taking the bribe from Rajiv Ranjan, a resident of Chhatauna village under Mufassil police station limits, in connection with an assault case. Rajiv Ranjan had filed a written complaint with ...Read More >
Indian real estate developers are strategically reducing debt and favoring equity, leading to healthier balance sheets. Colliers reports a significant drop in high debt-to-equity ratios among top firms. This shift boosts profitability, with many firms exceeding 10% net profit margins. Increased financial health attracts banks and equity investors, evidenced by substantial IPO fundraising since 2021. Property developers are sharpening their focus on deleveraging, creating healthy balance sheets, ...Read More >
New Delhi [India], April 8 (ANI): The Reserve Bank of India's decision to keep the repo rate unchanged in the latest Monetary Policy Committee (MPC) meeting was appropriate, Vivek Iyer, Partner and Leader Financial Services, Grant Thornton Bharat, has said, noting that any change in rates at this stage could have adversely impacted demand and financial stability. Also Read | Assembly Elections 2026: How To Check Name in Voter List and Download Voter Slip Online? Know Everything Ahead of Vidhan Sabha Polls in Assam, Kerala and Puducherry. Speaking to ANI, Iyer said that both a rate hike and a ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in a civil dispute between the parties by filing a first information report and seeking the help of the ...Read More >
Mumbai: HDFC Bank, one of India's largest private sector banks, has announced that it will hold a board meeting on April 18. In this meeting, the bank will consider a major plan to raise funds over the next 12 months. The bank is looking to raise money through different types of debt instruments. These may include Perpetual Debt Instruments (AT1 Capital), Tier II bonds, and long-term infrastructure bonds. The fundraising is expected to be done through private placement. This means the bank will raise money from selected investors instead of the general public. This approach helps the bank qui ...Read More >
The Reserve Bank of India forecasts a slowdown in India's GDP growth to 6.9% due to the West Asia crisis and global supply chain disruptions, impacting commodity prices and export routes. Photograph: Anushree Fadnavis/Reuters Key Points RBI projects India's GDP growth at 6.9% for the current financial year, lower than the previous estimate. Disruptions in key shipping routes due to the West Asia crisis are expected to adversely impact merchandise exports. Sustained momentum in the services secto ...Read More >
New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Also Read | Places of Worship Act Validity: Supreme Court Restrains Courts in Country Not to Entertain, Pass Orders on Suits Related to 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 >
Orkla India IPO: Orkla India, parent company of packaged foods manufacturer MTR Foods, has set the price band for its initial public offering (IPO) in the range of ₹695 to ₹730 per equity share. The mainline offering is entirely an offer for sale (OFS) of ₹22.8 million equity shares worth ₹1,667.54 crore. Orkla Asia Pacific is the promoter selling shareholder, while Navas Meeran and Feroz Meeran are other selling shareholders. According to the red herring prospectus (RHP), the company has reserved not more than 50 per cent of the issue for qualified institutional buyers (QIBs), not less than ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) has projected India's economic growth to moderate to 6.9% in 2026-27, while inflation is expected to edge higher to 4.6%, as geopolitical tensions and global supply disruptions cloud the macroeconomic outlook. Announcing the first bi-monthly monetary policy of FY27, the RBI said the Monetary Policy Committee (MPC) retained the policy repo rate at 5.25% and maintained a neutral stance, citing a complex trade-off between supporting growth and containing inflation. Growth outlook moderates The central bank expects real GDP growth to ease from an estim ...Read More >
MUMBAI: In a move that jolted markets and defied expectations, the Reserve Bank of India cut its benchmark policy rate by 50 basis points and announced a Rs 2.5 lakh crore liquidity infusion via a 100 basis point reduction in the cash reserve ratio (CRR). The CRR cut reduces the portion of deposits banks must park with the central bank, effectively freeing up funds to support credit growth.Governor Sanjay Malhotra framed the dual action as a response to shifting macroeconomic conditions, stating that the evolving growth-inflation dynamics warranted "not just continued policy easing, but also f ...Read More >
New Delhi, Sep 29 (PTI) Non-banking financial company Tata Capital has set the price band for its much-awaited Rs 15,512 crore Initial Public Offering (IPO) at Rs 310-326 per share, making it the largest issue of the year. At the top end of the band, the non-banking financial company commands a valuation of about Rs 1.38 lakh crore. The maiden public offering will open for subscription on October 6 and close on October 8, with the anchor book bidding scheduled for October 3, according to a public announcement. The IPO, comprising a total of 47.58 crore shares, includes a fresh issue of 21 c ...Read More >
Principal Secretary-2 to the PM, Shaktikanta Das, highlights India's 7.8% average GDP growth as a blueprint for navigating global volatility. With global risks tilted to the downside due to frequent geopolitical shocks, India's experience offers a model of navigating volatility through structural reforms, policy discipline, and innovation, Principal Secretary-2 to the Prime Minister of India Shaktikanta Das said on Thursday. The global economy has been grappling with persistent shocks, includin ...Read More >
MUMBAI: The troubled IndusInd Bank, which has been headless since late April when the scam-tainted chief executive Sumant Kathpalia and his deputy Arun Khurana resigned owning moral responsibility for the massive losses in its forex derivatives trading book, has reportedly shortlisted three names--Rajiv Anand of Axis Bank, Anup Saha of Bajaj Finance, and Rahul Shukla of HDFC Bank--to man the top deck. While Rajiv Anand is currently the deputy managing director of Axis Bank, Anup Saha is the managing director of Bajaj Finance, and Rahul Shukla is the group head of commercial and rural banking ...Read More >
New Delhi, July 15 (SocialNews.XYZ) The government on Tuesday urged parents and guardians to update their children's Aadhaar biometrics who have reached age seven. The Unique Identification Authority of India (UIDAI) reiterated the importance of completing the Mandatory Biometric Update (MBU) for children who have attained the age of seven but have not yet updated their biometrics in Aadhaar. UIDAI said it has started sending SMS messages to the mobile numbers registered in the Aadhaar of such children for completing the MBU exercise. This is an existing requirement under Aadhaar, and paren ...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 >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health department has urged district administrations to issue a public advisory on JE prevention measures and to i ...Read More >