India does not see any immediate threat to its fiscal deficit target for 2026-27 despite the financial strain from the ongoing Middle East crisis, and the government will continue to prioritise capital expenditure, according to two government sources.New Delhi had budgeted a fiscal deficit of 4.3 per cent of GDP for the financial year that…
NEW DELHI: India’s electric vehicles sales crossed a record 20 lakh-unit mark for the first time, as significant numbers in two- and three-wheelers and growing volumes in cars added strength to the greens.According to retail sales numbers released by Federation of Automobile Dealers’ Association (FADA), a total of 24.5 lakh units of EVs were sold…
MUMBAI: CRED, once a high-trust credit-card payments app aimed at spenders and monetised through cross-sold loans, insurance and payment flows, is now turning to savers, using Kuvera—acquired in 2024—to enter wealth management.The upgrade of Kuvera targets affluent investors with large portfolios, with an emphasis on long-term compounding. The platform seeks to improve discipline, decision-making, asset…
The ongoing Middle East crisis is emerging as a disruption for India, with risks spreading across energy markets, trade flows and supply chains, according to a recent white paper by Dun & Bradstreet.The report shows that countries in the Gulf–Levant region account for nearly 15 per cent of India’s merchandise exports and about 21 per…
Billionaire Gautam Adani and his nephew Sagar Adani have moved to challenge a US securities fraud case, asking a federal court in New York to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC) regarding a 2021 bond issue by Adani Green Energy Ltd (AGEL).In a filing before the Brooklyn federal court,…
MUMBAI: Women borrowers now account for Rs 76 lakh crore of credit, or 26% of total system credit in 2025, marking a near five-fold rise since 2017 and signalling a structural shift in India’s credit landscape.A joint report by TransUnion CIBIL, Niti Aayog’s WEP, and MicroSave Consulting said women are moving from being passive beneficiaries…
NEW DELHI: The Delhi high court has restrained Cartel Bros, an entity backed by actor Sanjay Dutt, from proceeding with the launch of its proposed whisky brand ‘Glenwalk Godfather’, following a trademark infringement plea by Devans Modern Breweries.Devans, which markets the widely-known ‘Godfather’ beer and also sells spirits under the same brand, argued that Cartel…
File photo (Picture credit: AP) US stocks fell on Tuesday as investors turned cautious ahead of President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz, with markets on edge over whether the conflict in Middle East could intensify further.Wall Street’s three main indexes were in the red in early trade, dragged lower…
Gold, which is often considered the safe haven asset, has also failed to rise to the occasion for investors. (AI image) Stock markets are in deep red and in all likelihood so is your investment portfolio since the start of the US-Israel-Iran war. The conflict has been a perfect storm for stock markets globally, and…
Silver prices fell by Rs 2,000 to Rs 2.40 lakh per kilogram, while gold declined by Rs 600 to Rs 1.53 lakh per 10 grams in the national capital on Tuesday as investors turned cautious ahead of US President Donald Trump’s deadline to Iran over reopening the Strait of Hormuz.According to the All India Sarafa…
