'Financially we are sound and we have always broken even. 'It is just we don't have the personnel and that is why we have to close down.'
The transmission of the February and April rate cuts is now complete, validating the central bank's monetary stance and contributing to a revival in credit growth, said Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday. "We now have preliminary figures for June credit rates, and we find that for new loans, the rates are lower by at least 50 basis points (bps)... within two months of our 50-bp cut, we are in June, and the whole of the monetary policy transmission has happened.
Uttar Pradesh's leading export hubs are reeling under the impact of a steep 50 per cent tariff imposed by the US on Indian imports, with exporters warning of job losses, stalled orders and shrinking market access. Industry leaders from Noida, Kanpur and Varanasi said the tariff has put years of painstaking market-building at risk, even as protests and demonstrations erupted in several districts last week.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
Education loan growth is set to halve this fiscal (FY26) because disbursements for the US decelerate following a raft of policy changes there.
A large group of players, including Mohammed Siraj, the hero of the victory, boarded an Emirates flight early Tuesday morning, heading to Dubai en route to their respective home cities in India.
Mahindras unveil four stunning, eye-popping, concept SUVs: the Vision.S, Vision.X, Vision.T, and Vision.SXT.
Bullingham said the FA has been in contact with UK police, who are in touch with the relevant social media platform.
Commerce and Industry Minister Piyush Goyal on Tuesday expressed hope that India will conclude the proposed bilateral trade agreement (BTA) with the US by the fall or November this year. He said that "a little bit" of geopolitical issues overtook the trade matters in the negotiations for the pact between the two countries.
Richmond fourth XI were bowled out for two runs, one of which was a wide, chasing 427 to beat North London Cricket Club.
It is high time India ends its silence on the human cost of the Gaza war and takes a principled stand without diluting its relations with Israel. A largely friendless Tel Aviv today needs New Delhi more than the other way around. India's failure now may cost it diplomatically in the long run, cautions M R Narayan Swamy.
'It's very unfortunate that our players don't go to him for advice.'
Bharti Airtel sees opportunity in raising tariff for data services as it feels that rich are paying less and poor are not required to pay anymore, a senior official of the company said. During the company's earnings call for the first quarter of the current fiscal, Bharti Airtel vice-chairman and MD Gopal Vittal said that the company has written to the government for a relief on adjusted gross revenue and has demanded that it should be given benefit at par with other telecom operator, without naming Vodafone Idea.
Having to sit out of Test matches on away tours "eventually got to me", says Indian spin legend Ravichandran Ashwin of his abrupt international retirement in the middle of the last Border-Gavaskar Trophy in Australia.
Fijian Prime Minister Sitiveni Rabuka discussed US tariffs on Indian goods with Prime Minister Narendra Modi, noting that "somebody is not very happy with you." The discussion occurred during Rabuka's visit to India to strengthen ties.
'After tobacco, the next most common cause for oral cancer is alcohol.'
Mouth-watering matches lined up as PSG to face Bayern and Barcelona in Champions League opening stage.
A new global study on Wednesday listed India among the top fintech hotspots alongside the US and the UK. The World Economic Forum study, released at its Annual Meeting of New Champions in China's Tianjin, also said the fintech sector growth is stabilising amid strengthening profitability and inclusion.
India expects partners to understand its policy of 'zero tolerance' against terrorism, and it will never countenance 'perpetrators of evil' being put on par with its victims, External Affairs Minister S Jaishankar said on Saturday during extensive talks with his British counterpart David Lammy.
Having bid adieu to his stellar Test career a content man, Indian Test batting great Cheteshwar Pujara wouldn't mind a coaching stint or a role at the BCCI's Centre of Excellence in the next stage of his cricketing journey.
The Board of Control for Cricket in India (BCCI) has decided to organize three four-day practice matches against England Lions in the UK before the upcoming Test series against England.
'Arundhati Roy is like a ballerina performing on a high wire, cool, supremely at ease but conscious of all the adoring eyes on her,' notes P Vijaya Kumar.
The Enforcement Directorate (ED) has frozen Rs 110 crore and seized 1,200 mule credit cards following searches against the Indian operations of Parimatch, a Cyprus-based online betting platform, for alleged money laundering and cheating investors.
Metreweli, 47, has been promoted from current role as Director General, or 'Q', responsible for technology and innovation in MI6 and has previously held a director-level role at MI5 - the UK's domestic security service.
India needs Goods and Services Tax (GST) Council-like common platforms between states and the Centre in areas such as land clearances, power, and water to fast-track infrastructure projects to achieve double-digit growth going ahead, said Praveer Sinha, chief executive officer and managing director of The Tata Power Company.
Equity benchmark indices Sensex and Nifty ended lower on Thursday after US President Donald Trump announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1 and an unspecified penalty for buying Russian crude oil and military equipment.
Robert Vadra, husband of Priyanka Gandhi Vadra, appeared before the Enforcement Directorate for questioning in connection with the Sanjay Bhandari money laundering case.
Reliance Jio, India's biggest telecom operator, is planning to launch an initial public offering (IPO) and listing on bourses in the first half of 2026, billionaire Mukesh Ambani said on Friday. Jio is currently a unit of Reliance Industries Ltd, India's most valuable company.
India's micro, small and medium enterprises (MSMEs) - which contribute over 45 per cent to outbound shipments - are facing a major disruption following the United States (US) decision to impose 50 per cent additional tariffs on the country's exports. MSME industry bodies have raised an alarm over the deep impact, seeking immediate government intervention.
Tata Steel's consolidated net profit more than doubled to Rs 2,007.36 crore during the June quarter, on account of "increase in net steel realisations and the planned cost-takeouts" across geographies. The Tata Group entity had posted a net profit of Rs 918.57 crore in the year-ago period.
The foreign degree no longer sells itself, families are doing the math, and for many, the numbers just don't add up.
Do not sound as if you intend to permanently settle overseas, warns Ritika Gupta, CEO and counsellor at AAera Consultants.
The Instagram video has drawn significant attention due to the controversial backgrounds of both Lalit Modi and Vijay Mallya.
Wearing special headbands in memory of Graham Thorpe, they honoured not just a legend of the game, but a man whose courage and struggles have sparked an urgent conversation around mental health in sport.
A day before US President Donald Trump's additional 25 per cent tariff kicks in, Prime Minister Narendra Modi on Tuesday made a vehement pitch for swadeshi and Make in India that should help create jobs in the country.
Communication channels between India and the US are open to resolve the ongoing tariff issues, and the glitch in trade ties is only temporary, given the long-term relationship between the two nations, government sources said on Wednesday. The US' 50 per cent tariffs on Indian exports to America came into effect from August 27, barring a few sectors.
For Luxmi, the Brew Tea deal ticks key boxes in its strategy, mainly, focusing on quality and branding.
Cheteshwar Pujara, one of India's finest Test batters, called time on his illustrious career on Sunday.
Palzor Tamang becomes only the second Sikkimese cricketer to secure an overseas club deal after Nilesh Lamichaney
rediffGURU Sushil Sukhwani offers guidance about the best courses and colleges for an international education.
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