business news

MUMBAI: Even as the year-on-year growth in bank credit has crossed 14%, the highest in three years, the corporate loan book of banks continues to be stagnant. According to data released by RBI, the bulk of the increase in bank lending…

MUMBAI: Calling Cyrus Pallonji Mistry's death shocking, Prime Minister Narendra Modi tweeted, "He was a promising business leader... His passing away is a big loss to the world of commerce and industry." Tata Sons chairman N…

NEW DELHI: Edtech major Byju'sis likely to raise over $500 million (about Rs 3,900 crore) at a valuation of around $23 billion in about a week, sources privy to the development said. The company is planing to use the funding for…

NEW DELHI: As part of the financial inclusion drive, public sector banks will open about 300 brick-and-mortar branches in the unbanked areas of various states by December 2022. These new branches will cover all remaining unbanked…

MUMBAI: Billionaire Nadir Godrej has said we need to "stop dividing the country" and urged the government as well as the industry to "do more" on this aspect. Godrej, the chairman and managing director of the diversified Godrej…

NEW DELHI: Railways' flagship productionunits have failed to meet the manufacturing targets of coaches, wheels, locomotives and other rolling stock for the first four months of this fiscal, with officials attributing it to the supply…

NEW DELHI: The government should not be running businesses as public sector companies are inefficient and do not generate enough resources to fund their own growth, according to Maruti Suzuki India chairman RC Bhargava. Public sector…

NEW DELHI: India had surpassed UK as the fifth-largest economy as early as December 2021, according to a State Bank of India report. The share of India's GDP in global GDP is now at 3.5%, as against 2.6% in 2014 and is likely to cross 4%…

NEW DELHI: India's exports contracted by 1.1% to $33 billion and trade deficit more than doubled to $28.6 billion in August, a preliminary data released by the commerce ministryshowed on Saturday. Trade deficit in August 2021 stood at $…

NEW DELHI: Celebrity endorsers along with manufacturers and advertisers could soon face the heat if found resorting to surrogate commercials for promoting products prohibited from advertising. Amid instances of many alcoholic spirits and…