[ad_1] 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…
[ad_1] 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…
[ad_1] 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…
[ad_1] 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…
[ad_1] 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,…
[ad_1] 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…
[ad_1] NEW DELHI: Eternal Ltd, formerly known as Zomato Ltd, the food delivery and quick commerce enterprise operating Zomato and Blinkit brands, announced on Thursday a consolidated net profit of Rs 39 crore for the quarter ending March 31, 2025. This marks a change from the Rs 175 crore profit recorded in the corresponding period…
[ad_1] Adani Enterprises post record profit Adani Enterprises, the flagship company of the Adani Group led by Gautam Adani, reported a sharp 752 per cent year-on-year rise in consolidated net profit for the quarter ended March 2025, reaching Rs 3,845 crore, compared to Rs 451 crore in the same period last year, primarily driven by…
[ad_1] ITR filing: For individuals and those not requiring account audits, the submission deadline remains July 31. New ITR forms for FY 2024-25: The Income Tax Department has issued a new ITR-1 and ITR-4 for tax filing purposes for the assessment year 2025-26, simplifying the process for individuals with long term capital gains up to…
[ad_1] IndusInd Bank and Kotak Mahindra Bank, two leading banks of the private sector, have revised their interest rates on fixed deposits- former increasing the interest rate while the latter has reduced the interest offered on fixed deposits.The change in the interest rates are an effect of the changing market conditions and shifts in liquidity…
