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India’s economy shows resilience amid geopolitical uncertainty, says RBI deputy governor

India’s economy has remained resilient despite geopolitical tensions, supply-chain disruptions and volatile commodity prices, supported by strong industrial and services activity, broad-based demand and improving corporate performance, RBI Deputy Governor Swaminathan J said.In a speech at the School of International and Public Affairs (SIPA), Columbia University, the Deputy Governor said inflation remains within the Reserve…

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Planning to get your first loan or credit card? How lenders evaluate new-to-credit customers – explained

Understanding how lenders evaluate applications can help you improve your chances of accessing formal credit. (AI image) Getting your first loan or credit card can often be a challenge. Your lack of credit history makes it difficult for lenders to assess your creditworthiness, which essentially means banks and NBFCs have no historic data around your…

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Dip in foreign investment is part of a self-correcting cycle : Bank of America’s Sahu

Vikram Sahu, India CEO and Country Executive, Bank of America, hosted the bank’s investor conference in India with foreign institutional investor participation rising 20% from the previous year. According to Sahu, despite the short-term challenges interest in India remains undiminished.Q. With the monetary policy committee meeting around the corner what do you expect from the…

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Why did TCS shares crash over 8% today? Stock logs worst single-day fall since Covid-era rout

Just a day after helping power a sharp rebound in technology stocks, Tata Consultancy Services (TCS) turned into one of Dalal Street’s biggest losers on Wednesday, with the stock plunging more than 8% in its steepest single-day decline since the Covid-driven market crash of March 2020.The sell-off erased the gains accumulated during the recent rally…

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Key Cabinet decisions: Rs 39,290 crore package get govt nod; ATF fund, coastal highway and Delhi-NCR vehicle scheme on list

The Union Cabinet on Wednesday approved a package of projects and schemes worth Rs 39,290 crore, spanning aviation, highway infrastructure and transport modernisation, with the largest allocation going towards the creation of an Aviation Turbine Fuel (ATF) Price Stabilisation Fund.According to details of the Cabinet decisions, the government approved a Rs 10,000 crore ATF Price…

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Trump’s 12.5% additional tariffs move under Section 301: What does it mean for India & trade deal talks?

Going forward, Indian exports to the US may face higher scrutiny and the additional tariffs will hit as well, say experts. (AI image) Two days after Commerce minister Piyush Goyal said that the India-US trade deal was now down to finalising the ‘commas and full stops’, the Donald Trump administration has proposed to impose additional…

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A new trade hurdle? India engaged with US over Section 301 probe linked to forced labour concerns

NEW DELHI: The Centre on Wednesday said it is in touch with the United States regarding a Section 301 investigation linked to concerns over forced labour and excess industrial capacity.Earlier, the Office of the United States trade representative (USTR) named India among countries it believes follow unfair trade practices. Based on its findings, the USTR…

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US proposes action against 60 countries over forced labour concerns: Why India is on the list

India and the United States may be 99% closer to signing the BTA, but a new proposal from Washington suggests that the trade story isn’t quite finished yet. The United States Trade Representative (USTR) on Wednesday named India among countries that could face additional tariffs over concerns about preventing goods linked to forced labour from…

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