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Banks are rushing to raise funds in the short-term money market to meet increasing credit demand, which has lately outpaced deposit mobilisation amid a pronounced shrinkage in surplus liquidity. Lenders are issuing certificates of…

The Indian manufacturing sector, which received a fillip in FY22 due to export growth, is likely to be hit by a slump in foreign trade activity in FY23, a report said on Thursday. An analysis of industrial output and merchandise exports…

Inflation in July may have eased from multi-month highs, but that still may not be a cause for celebration as core inflation remains sticky at 6%. This may prompt the central bank to raise the repo rate as much as 35 basis points, Nomura…

The Centre's fiscal deficit came in at 21.2% of the FY23 budget estimates at the end of the June quarter, official data released on Friday showed. In absolute terms, the fiscal deficit - the gap between revenues and spending that is met…

NEW DELHI: The Centre and RBIhave pulled up banks for lending to state government entities based on the escrow of the state’s future revenue streams or using collectorates and courts as security, with the finance ministry seeking an end…

Unabated macroeconomic shocks may lead to a 28 per cent increase in demand for working capital loan by companies, taking it to Rs 11.2 lakh crore this fiscal, a report said on Tuesday. But this will impact corporates' profitability and…

India's industrial output, measured by the Index of Industrial Production (IIP), rose to a 12-month high of 19.6% in May, up from 6.7% in April, latest data from National Statistical Office (NSO) shows. Electricity generation rose 23.5%…