MUMBAI: The appetite of Indians for credit-funded leisure is growing. Holidays have overtaken home renovations and medical needs as the leading reason for taking personal loans. A Paisabazaar report, based on a survey of over 5,700 respondents in 97 cities, finds that in the first half of 2025, 27% borrowers took a loan to fund…
NEW DELHI: Demand for Indian services remained robust, and activity in the sector reached an 11-month high in July, driven by strong global orders, including from the US. Business confidence also strengthened, as shown by a survey released on Tuesday. In July, the HSBC India Services PMI business activity index was at 60.5, slightly changed…
NEW DELHI: Telecom operator Bharti Airtel on Tuesday reported a 43% year-on-year increase in its consolidated profit to Rs 5,948 crore in the June quarter – its fifth straight quarter of profit growth – driven by new users and the lingering benefits of last year’s price hikes.The company’s Africa operations during the quarter posted a…
MUMBAI: Kotak Bank has advised customers to use its mobile banking app or net banking platforms to check account balances after reports of a Delhi-based individual seeing a 37-digit balance through a third-party UPI app emerged.In a statement, the bank said media reports suggesting an unusually large balance were incorrect. It urged customers to verify…
MUMBAI: The rupee fell to a new closing low of 87.8 against the dollar on Tuesday, down 14 paise from Monday’s 87.66, as escalating trade tensions with the US kept markets on edge. The currency slipped to 87.89 during the day, close to the record low of 87.95 hit in Feb, before likely RBI intervention…
BENGALURU: Nearly seven in 10 CFOs exit within 24 months. The finance leadership role, once seen as stable, has become one of the most volatile positions in corporate India. More than 48% of CFO exits were triggered by mandate misalignment, where the scope of the role evolved after hiring or decision rights remained unclear, data…
NEW DELHI: Shares of major pharmaceutical and textile companies have seen a significant fall since US President Trump announced tariffs of 25% on Indian exports. Between July 30 and Aug 5, Gokaldas Exports, among the top textiles players, experienced the steepest fall of 15.9%. The company’s shares closed at Rs 1,632 on Tuesday, compared with…
Amid tightening international scrutiny, Russian-linked Indian refiner Nayara Energy has exported its first gasoline shipment since the European Union imposed sanctions on the company on July 18, Reuters reported citing four sources and LSEG data.According to shipping sources and LSEG data, the vessel Tempest Dream departed on Monday with around 43,000 metric tons (over 363,000…
Tata Motors, Yes Bank, and Vodafone Idea have emerged as India’s most widely held stocks, surpassing earlier favourites like Reliance Power, Reliance Industries, and State Bank of India, amid a surge in retail investor participation.According to data compiled by ETIG, Tata Motors topped the list with over 67.5 lakh shareholders as of June 2025 —…
Retail investors are continuing to pour large sums into mid and smallcap mutual fund schemes, chasing high returns even as experts warn of stretched valuations and recommend a shift to safer ground.According to data from the Association of Mutual Funds in India (AMFI), investors allocated Rs 20,255 crore into mid and smallcap schemes in the…
