Mumbai: Indians are pledging more gold than ever. Outstanding bank loans against the precious metal more than doubled in the year to March 2025, rising 103% from just over Rs 1 lakh crore to nearly Rs 2.1 lakh crore, RBI data showed.The surge madegold loans the fastest-growing segment, even as overall bank credit growth slowed…
New Delhi: GST collections grew by 12.6% – the fastest pace of expansion in 17 months – to reach a record Rs 2,36,716 crore in April, buoyed by an over 20% jump in mop-up from imports.Collections from domestic sources were 10.7% higher at a little under Rs 1.9 lakh crore, while gross import revenue rose…
MUMBAI: Digital payment volumes in India dipped in April even as the momentum remained steady. UPI processed 1,789 crore transactions during the month, down from 1,830 crore in March. The dip comes as the system contended with brief service outages. Despite these disruptions, average daily volumes hit a record 59.6 crore, up from 59 crore…
Jim Farley, President and chief executive officer of Ford (File photo) Ford CEO Jim Farley has revealed that, despite the automaker’s deep manufacturing roots in the United States, Ford remains heavily reliant on imported components—some of which are simply not available from domestic suppliers. In an interview with CNN, Farley warned that President Donald Trump’s…
BENGALURU: Adani Group and Zoho Corp are both said to be backing off from their ambitious semiconductor projects, a setback to India’s plans to develop an indigenous chip manufacturing ecosystem. While Zoho founder Sridhar Vembu confirmed the move, the Adani news was reported by Reuters based on sources. Adani Group was in discussions with Israel’s…
DreamFolks, a travel and lifestyle experience company, has announced the appointment of Shekhar Sood as its new Chief Financial Officer, effective April 30, 2025. “With nearly two decades of global experience across listed entities, multinationals, and high-growth private companies, Shekhar brings a proven track record of delivering strategic outcomes and building financial resilience. As CFO,…
The US manufacturing sector contracted for another month in April, as mounting uncertainty surrounding President Donald Trump’s tariff policies continued to weigh heavily on industrial activity, according to new survey data released Thursday. In early April, the administration introduced sweeping tariffs affecting most nations. Although some of the duties were revised for selected countries, a…
After months of tense back-and-forth, the United States and Ukraine have finally signed a new agreement that will give Washington access to critical minerals and other untapped natural resources in Ukraine.Kyiv believes that the move will help lock in long-term military and financial support as it continues to resist Russian aggression.The deal, signed on Wednesday,…
The BSE Sensex gave significant returns, increasing nearly 4 per cent in April, despite geopolitical tensions. The upturn was driven by renewed foreign investment inflows, forecasts of above-normal monsoon rainfall, and positive prospects of an India-US trade agreement. Additionally, stock valuations became more attractive following recent market corrections, leading to increased buying activity. The BSE…
Residential home unit deliveries across nine major Indian cities rose by 33 per cent in the 2024-25 financial year, reaching 4,06,889 units, according to data from PropEquity. This marks a significant increase from 3,06,600 units delivered in 2023-24. The figures cover apartments, row houses, and villas that have received occupancy certificates. Despite the overall growth,…
