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“Only 2% of our customers source home loans through the bank, while 5% do it from other institutions. This itself is a huge opportunity,” says Sashidhar Jagdishan. The merger of Housing Development Finance Corporation Ltd. (HDFC) with HDFC Bank Ltd. could not have been better timed and was an opportunity the bank truly believed in,…
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The first C-295 transport aircraft manufactured by Airbus for the Indian Air Force at Seville, Spain is scheduled to be delivered in September. | Photo Credit: Dinakar Peri In about 45 days from now, in September, the Indian Air Force (IAF) will receive the first C-295 transport aircraft and ahead of it, six pilots have…
Read More “Airbus C-295 aircraft manufacturing ecosystem taking shape in India” »
Small States must prioritise raising their own revenue to reduce their dependency on the Union government The fiscal situation of India’s States has garnered significant attention in recent times. Despite ample data on State finances, most of the analysis is centred around larger States. There needs to be more discussion on the fiscal position of…
Read More “Data | The risk of small States’ heavy reliance on the Union government” »
With the Indian Meteorological Department signalling that parts of Uttar Pradesh, Bihar, Assam, Punjab, Karnataka and Tamil Nadu may see less than normal rainfall this month, sowing of paddy and pulses could be further affected. These effects were already exacerbating food inflation, reckoned analysts at brokerage Motilal Oswal. File | Photo Credit: Reuters Despite a wetter…
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Mining major NMDC has increased iron prices (per tonne) by ₹1,050 for lump ore and by ₹650 for the same quantity of fines. The price per tonne has been fixed at ₹4,950 for lump ore and ₹4,210 for fines with effect from July 18, the company said on Tuesday. The prices are inclusive of royalty, DMF,…
Adani Group Chairman Gautam Adani addresses during the Annual General Meeting (AGM) of his group companies, on Tuesday, July 18, 2023. | Photo Credit: PTI Gautam Adani on Tuesday said that the U.S.-based short seller Hindenburg Research’s report on the group was a deliberate, malicious attempt at damaging the group’s reputation and generate profit by…
Read More “Hindenburg report was an attempt to tarnish the group’s image: Gautam Adani” »
Photo used for illustration purpose only. | Photo Credit: K.R. Deepak With merchandise exports shrinking 15.1% in the first quarter of this year, after racking up a record $450 billion in 2022-23, the government is playing it safe on announcing a clear target for outbound shipments this year and is likely to opt for a…
Read More “As exports shrink amid global uncertainty, no clear target for 2023-24” »
By the end of December 2023, Mumbai would have an equal number of domestic departures as Delhi which currently has 78 daily domestic departures. File Notwithstanding the uncertainty over the brand name continuing after its merger with Air India by April 2024, Vistara, the joint venture of Tata Sons & Singapore Airlines (SIA), continues to scale…
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India’s start-up ecosystem could attract only $15 billion in the financial year 2023 after a strong funding winter brought investments down by 70% compared with the $50 billion it received in the previous year, according to a report released by Redseer Consulting on Tuesday. Increasing cost of capital and interest rates, recession in developed markets,…
India’s gems and jewellery exports are likely to decline by 10 to 15% in the current financial year on account of slowing demand in key markets like the U.S. and China, GJEPC Chairman Vipul Shah has said. The gems and jewellery exports grew 2.48% year-on-year to ₹3,00,462.52 crore (over $36 billion) in FY23, according to…
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