[ad_1] New Delhi: Automobile exports from India rose 19% year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to Siam data. Overall shipments rose to 50,98,810 units last year, up 19% from 42,85,809 units exported in 2023. “Last year saw revival in demand for the Indian automobiles from…
[ad_1] Any increase in import duty in Budget may have adverse effect: World Gold Council NEW DELHI: The government’s decision last July to reduce import duties on gold has had a significantly positive impact on the industry, and any increase in tariffs in the upcoming Budget may have adverse effects, said the World Gold Council…
[ad_1] Budget 2025 Expectations Live: Rationalize stamp duty rates, especially in Tier-II and Tier-III cities “Over the past few years, the prices of land and construction materials have risen sharply, not only in metropolitan cities but across the country. This, coupled with sustained demand, has significantly driven up property prices, making homeownership increasingly challenging for…
[ad_1] Complaints against banks and NBFCs represented 82.28 per cent and 14.53 per cent of the total complaints, respectively. MUMBAI: Consumer complaints related to loans and advances accounted for the largest share among grievances against entities regulated by the RBI, rising 43%, according to the annual report of the Reserve Bank’s Integrated Ombudsman Scheme. The…
[ad_1] MUMBAI: Yes Bank reported a net profit of Rs. 612 crore for the quarter ended Dec 31, 2024, marking a 164.5% increase from Rs. 231 crore in the same period last year and a 10.7% rise from the previous quarter.The bank’s net interest income (NII) grew 10.2% year-on-year to Rs. 2,224 crores, with net…
[ad_1] NEW DELHI: Centre has notified Unified Pension Scheme for central govt employees, offering assured payouts, along with inflation adjustments, to those who complete 25 years or more of service. Employees have been given a one-time option to switch to the UPS, which will come into effect in April. In the 25 year-plus category, the…
[ad_1] MUMBAI: ICICI Bank reported a 14.8% year-on-year rise in profit after tax to Rs 11,792 crore for quarter ended Dec 31, 2024, compared to Rs 10,272 crore in Q3-2024. Sequentially, profit increased 1.8% from Rs 11,585 crore in Q2-2025. The growth was driven by higher net interest income and fee earnings, supported by a…
[ad_1] HYDERABAD: Swiss banking giant UBS is doubling its global capability centre (GCC) footprint in Hyderabad with plans to create another 1,800 new jobs over the next two years.The expansion will mainly focus on beefing up UBS’s finance and operations functions by leveraging the quality talent pool available in the city, the banking biggie said.The…
[ad_1] MUMBAI: Mobile phone purchases have become a key channel for individuals in the informal sector to get into the formal credit system. While the Jan Dhan Yojana provided everyone with bank accounts, availability of mobile phones on EMI is providing them with a credit history, opening the doors for other loans.“The key channels for…
[ad_1] MUMBAI: Tata Electronics has acquired a 60% stake in Taiwanese contract manufacturer Pegatron‘s India unit that operates an iPhone plant in Tamil Nadu. This follows Tatas’ earlier acquisition of Wistron’s India operations in Karnataka in March 2024.The financial details of the stake acquisition remain undisclosed. This transaction positions Tata Electronics as a major Apple…
