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Asset reconstruction companies (ARCs) in India acquired stressed loans worth Rs 16,876 crore in the first quarter ended June 2025 (Q1FY26), marking a 22 per cent year-on-year (Y-o-Y) growth. They had acquired stressed loans -- non-performing assets (NPAs) plus loans with dues of up to 90 days -- worth Rs 13,852 crore in April-June 2024 (Q1FY25), according to data from the Association of ARCs in India. The association flagged the risk of rising stress in the system due to the adverse fallout of ...Read More >
Bengaluru: India's commercial office market continues to ride on the back of large-sized transactions, with deals over 100,000 sq. ft. driving the bulk of Grade A space uptake for the past five years. In the first half of 2025 (H1 2025), such transactions accounted for 51% of the total leasing activity across the top seven cities, translating into 17.2 million sq. ft., according to Colliers' latest report. This trend underscores occupiers' sustained appetite for high-quality, scalable office spa ...Read More >
Vishal Sikka's early bet on global capability centers (GCCs) is now a reality as more companies insource tech operations in India. This shift challenges Indian IT giants, facing talent and business losses. While offering GCC-as-a-service, they navigate AI challenges and potential tariff risks under a possible Trump administration, impacting both IT firms and GCCs. Some Bengaluru-based doyens may disagree, but as recent events would suggest, Vishal Sikka was probably the most prescient of recent ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk an ...Read More >
Mumbai: The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd's (DHFL) former chairman Kapil Wadhawan, his brother Dheeraj Wadhawan and four others from accessing the securities market for five years, and imposed a cumulative penalty of ₹120 crore on them for diverting company funds to entities linked to its promoters. The regulator has also prohibited Kapil and Dheeraj Wadhawan from serving as directors or key managerial personnel in any listed comp ...Read More >
New Delhi [India], August 12 (ANI): India is set to host the third India-Singapore Ministerial Roundtable (ISMR) on August 13, continuing a high-level platform established to deepen bilateral cooperation and explore mutually beneficial collaboration in new and emerging areas, according to an official factsheet. This platform was created to also address challenges posed by geopolitical and macroeconomic developments while enhancing mutual trust and understanding. The ISMR began with its inaugura ...Read More >
Mumbai, August 4, 2025: As of June 2025, as per industry data the Indian mutual fund (MF) industry stands at an AUM of ₹74.40 lakh crore, marking more than a sevenfold growth over the past decade. Equity commands the largest share at 59.94%, followed by debt at 26.53%, hybrid at 8.28%, and other categories accounting for 5.26%. A key development in the industry has been the steady rise of passive investing, which now accounts for approximately 17% of total AUM. While active funds continue to do ...Read More >
Gandhinagar (Gujarat) [India], August 4: Odoo Community Days 2025 is set to redefine how India runs its businesses. With 240+ exhibitors, over 80,000 registrations, and more than 20,000 attendees expected, this is where business meets real systems. Also Read | 'If You Are a True Indian...': Supreme Court Slams Rahul Gandhi for Insulting Indian Army During Bharat Jodo Yatra. This is not a trade fair or a conference. It is a working experience for founders, retailers, developers, students, consu ...Read More >
Gandhinagar (Gujarat) [India], August 4: Odoo Community Days 2025 is set to redefine how India runs its businesses. With 240+ exhibitors, over 80,000 registrations, and more than 20,000 attendees expected, this is where business meets real systems. This is not a trade fair or a conference. It is a working experience for founders, retailers, developers, students, consultants, and anyone who runs or supports a business. From manufacturers and retailers to healthcare and education, hundreds of In ...Read More >
Hyderabad (Telangana) [India], August 4: Rx Propellant, an Actis platform, is proud to announce that 1GV, its flagship life sciences campus located in Genome Valley, Hyderabad, has been awarded the prestigious EDGE Advanced Certification by the International Finance Corporation (IFC), a member of the World Bank Group. This recognition highlights 1GV's exceptional performance in energy efficiency, water conservation, and use of low-carbon materials--cementing its position as one of the most susta ...Read More >
high-income households could face losses of up to USD 5,000, noted the report. ShowQuick Read Summary is AI-generated, newsroom-reviewed * US tariffs may raise average household bills by about $2,400 in the short term * Low-income US households could face losses of around $1,300, three times relative burden * High-income US households may lose up to USD 5,000 but face less financial strain Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The new tariffs imposed by ...Read More >
New Delhi, Aug 03: Since its launch in 2016, the Pradhan Mantri Fasal Bima Yojana (PMFBY) has insured 78.41 crore farmer applications up to June 30, 2025.During this period, around 22.67 crore farmers have received compensation amounting to Rs 1.83 lakh crore, highlighting the scheme's wide reach and impact in supporting farmers against crop loss, informed Ramnath Thakur, Minister of State for Agriculture and Farmers Welfare in a written reply to Rajya Sabha on August 1.Pradhan Mantri Fasal Bima ...Read More >
Barclays estimates that the new 25% US tariffs, along with penalties on Russian imports, could reduce India's GDP growth by 30 basis points this fiscal year. Despite the higher duties, India's domestic demand-driven economy is unlikely to be significantly affected. New Delhi, The 25 per cent US tariffs, plus a penalty for Russian imports, could dent India's GDP growth by 30 basis points in the current fiscal, but the higher duty is unlikely to significantly affect India's domestic demand-driven ...Read More >
New Delhi [India], August 3 (ANI): Since its launch in 2016, the Pradhan Mantri Fasal Bima Yojana (PMFBY) has insured 78.41 crore farmer applications up to June 30, 2025. During this period, around 22.67 crore farmers have received compensation amounting to Rs 1.83 lakh crore, highlighting the scheme wide reach and impact in supporting farmers against crop loss, informed Ramnath Thakur, Minister of State for Agriculture and Farmers Welfare in a written reply to Rajya Sabha on August 1. Pradhan ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) Railway Minister Ashwini Vaishnaw on Sunday said that India's first bullet train between Mumbai and Ahmedabad will commence operations "very soon," and it will reduce travel time between the two cities to just 2 hours and 7 minutes. Talking to reporters at the Bhavnagar terminus in Gujarat, after virtually flagging off three trains: the Ayodhya Express, Rewa-Pune Express, and Jabalpur-Raipur Express, Vaishnaw stated that the bullet train project is moving quick ...Read More >
In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- becomes the only asset management company in the country to establish a physical presence in such a high-altitude region. This marks NAM India's 167th branch and its presence in 266 pin codes acr ...Read More >
Nippon Life India Asset Management Ltd. expands financial inclusion by opening a branch in Leh, becoming the first asset management company with a physical presence in the high-altitude region. In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- b ...Read More >
Leh, Aug 3 (PTI) In a bid to deepen financial inclusion, Nippon Life India Asset Management Ltd has opened a branch in Leh and is looking to expand its presence in border areas, its CEO Sundeep Sikka said. With this, Nippon Life India Asset Management (NAM India) -- promoted by Japan's Nippon Life Insurance Company -- becomes the only asset management company in the country to establish a physical presence in such a high-altitude region. This marks NAM India's 167th branch and its presence in ...Read More >
Chandigarh: Officials of Municipal Corporation Chandigarh have revealed that the top 20 property tax defaulters of the city are yet to clear dues of over Rs 190 crore, while property tax arrear cases worth Rs 62 crore are under litigation in the Punjab and Haryana high court. Citing different reasons, occupants of seven properties, out of the top 20, have challenged the MC's arrears amount, following which the authority failed to recover the amount from them. All these properties fall under the ...Read More >
New Delhi: In a notable growth for India's trade relations with the United States, a substantial portion of the country's major export categories, including pharmaceuticals, critical minerals, and electronic devices, are reportedly set too be exempted from the recently announced 25% tariffs imposed by former President Donald Trump. This move is expected to shield a significant chunk of India's export economy from the direct impact of the new trade measures. According to reports from the n ...Read More >
New Delhi [India], July 20 (ANI): India's 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 produ ...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 produce ...Read More >
New Delhi [India], July 20 (ANI): India's 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 produ ...Read More >
India and the EFTA countries free trade agreement will be implemented from October 1. The agreement aims to boost trade and investment between India and Iceland, Liechtenstein, Norway, and Switzerland. EFTA has committed to invest USD 100 billion in India, creating one million direct jobs. India will lower or eliminate duties on some EFTA products. The free trade agreement between India and the four-nation European bloc EFTA will be implemented from October 1, Commerce and Industry Minister Piy ...Read More >
New Delhi, July 19 (PTI) The Regional Medical Research Centre in Bhubaneswar, under the Indian Council of Medical Research (ICMR), has developed an advanced malaria vaccine that can prevent plasmodium falciparum infection in individuals and minimise community transmission. The ICMR Delhi has invited Expressions of Interest (EoI) from eligible organisations, companies and manufacturers enthusiastic about the Transfer of Technology for commercial production of "a recombinant chimeric multi-stage ...Read More >
Surat: The department of post is set to roll out its next-generation Advanced Postal Technology (APT) system -- an IT solution developed in-house which is designed to modernize and streamline day-to-day postal operations. The initiative aims to enhance service delivery and improve customer experience.To facilitate the transition, postal services at all city post offices will be suspended on Monday, with no transactions processed during the day. Customers have been advised to plan accordingly, as ...Read More >
Gangtok, Jul 19 (PTI) Vehicular movement on a stretch of National Highway-10 connecting Sevoke in West Bengal and Sikkim's Rangpo has been temporarily halted due to landslides and rockfall, officials said on Saturday. Clearance activities are underway on the stretch following landslides at Birik Dara in Kalimpong district of West Bengal, they said. The road is closed for all vehicular movement along the stretch since 11 am on Friday, the National Highways and Infrastructure Development Corpora ...Read More >
New Delhi, Jul 19 (PTI) US short seller Viceroy Research's report on the Vedanta Group "lacks credibility" and the firm would be well-placed to seek legal remedies, former chief justice of India D Y Chandrachud has said. Justice Chandrachud's remark came after Vedanta sought an independent legal opinion from the former chief justice in relation to the allegations made in the Viceroy Research report, the company said in a regulatory filing on Friday. According to the filing, the former CJI has ...Read More >
MUMBAI: Axis Bank's net profit slipped 4% year-on-year to Rs 5,806 crore in the quarter ended June 2025, dragged down by a sharp rise in provisions. The higher provisions were due to a one-off accounting adjustment, which the bank described as a "technical impact" or an internal recalibration of its bad loan classification.This adjustment, applied to cash credit, overdraft products, and one-time settled accounts, resulted in Rs 2,709 crore of fresh slippages. That alone triggered additional prov ...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 ...Read More >
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