The cabinet of the new government led by Rekha Gupta balances representation of all major communities that propelled the Bharatiya Janata Party to power in Delhi with a massive majority after over 26 years.
In 2025 banks are in for challenges such as pressure on margins and slowing credit growth. With the likelihood of a repo rate cut in February or April, external benchmark-linked loans of banks will be repriced immediately. However, deposit rates are expected to adjust more gradually, which could impact the net interest margin (NIM) - a key measure of profitability for banks.
The Communist Party of India (Marxist) has alleged that Maoists and organisations backed by them were mobilising people for the August 9 rally of the Trinamool Congress at Lalgarh in West Bengal, which would again lead to tension in the area.
Allocation to bank deposits -- fixed deposits, savings account deposits, and current account deposits -- came down.
Equity supply may hit Rs 6 trillion soon.
UN General Assembly President Philemon Yang will visit India from February 4 to 8, his first official trip as President of the 79th session. Yang highlighted India's "remarkable transformation" over the past decade, particularly in digital and technological innovation, and plans to see how these advancements have reached the grassroots level during his visit. He also praised India's contributions to peacekeeping, humanitarian efforts, and its voice for the Global South.
In the first such incident in the past two decades, terrorists exchanged fire with security forces in the dense forests of the Zabarwan range in Kashmir on Sunday, November 10, 2024, forcing residents to flee in panic as additional forces were mobilised to strengthen the cordon.
Shares of state-owned bank stocks were under pressure on Monday due to muted deposit and credit growth numbers reported by these lenders in the October-December quarter (Q3) of 2024-25 (FY25). The Nifty PSU Bank index was down 4 per cent, with Union Bank of India emerging as the biggest loser as its shares fell 7.5 per cent to close at Rs 114.7, followed by a 5.7 per cent drop in shares of Bank of Baroda (BoB) to Rs 228 and a 4.7 per cent slide in shares of Bank of India to Rs 99.8 on the National Stock Exchange.
Khanna, an attorney who is perhaps one of the most articulate spokesmen of Indian Americans in the Democratic Party, argued political mobilisation is the final step for the community.
Among a sea of humanity that took the holy dip in the Sangam in their quest for 'moksha' on Monday was a large number of overseas visitors, soaking in the spiritual fervour at the world's largest gathering of humans.
'Today, both in the hills and valley there is radicalised militant activity which poses a direct national security threat.' 'This kind of militancy in Manipur is unprecedented, I have never seen such largescale militancy in my life.'
With the Uttar Pradesh Assembly polls scheduled for 2027, political experts are observing an increasing trend of temple-mosque disputes in the state, leading to heightened polarization. Recent bypolls saw the use of divisive slogans, and analysts believe this trend will intensify as the 2027 elections approach. The recent surge in claims about the existence of Hindu temples at the sites of mosques in various cities has fueled this polarization. The BJP-led government has been accused of promoting communal polarization, while opposition parties like the SP have criticized the ruling party's actions. The RSS chief has called for restraint in raising new temple-related disputes. Experts predict that communal polarization is likely to escalate in the coming days.
A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business.
Infrastructure bond issuances by commercial banks in the current financial year (FY25) are likely to surpass Rs 1 trillion, almost double that of FY24, market participants said. So far this financial year, banks have raised Rs 74,256 crore via infra bonds. In FY24, the total issuances stood at around Rs 51,081 crore.
Domestic asset management companies (AMC) have launched around 60 new fund offers (NFOs) in the last six months and mobilised around Rs 27,000 crore. Fund houses are rushing to launch new funds amid buoyancy in the equities market.
So far this year, bankers have earned Rs 1,226 crore for handling 45 IPOs, which together mobilised Rs 48,363 crore.
'... that it once again shies away from renewing its commitment to strategic divestment,' points out A K Bhattacharya.
Sharma told PTI that dozens of members from right-wing organisations, including the Bajrang Dal and the VHP, participated in the demonstration, chanting the Hanuman Chalisa.
Capital markets are becoming more prominent in India's growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation and digitisation, according to the Economic Survey 2023-24 tabled in Parliament on Monday. Further, Indian markets are resilient to global geo-political and economic shocks, it added. "Despite heightened geo-political risks, rising interest rates and volatile commodity prices, Indian capital markets have been one of the best performing among emerging markets in FY24," the Economic Survey said.
Gujarat Chief Minister Narendra Modi is all set to copy anti-corruption crusaders Anna Hazare and Arvind Kejriwal's strategy to mobilise crowd to make his proposed fast for 'sadbhavna' a super success.
The finance minister, in her Budget speech, should focus more on what she is directly responsible for, rather than on programmes where her role is largely supportive, notes Nitin Desai.
The Securities and Exchange Board of India (Sebi) has given green light to several mega initial public offerings (IPOs) last week, paving the way for bumper launches during the ongoing festival season. According to the update on Sebi's website, Hyundai Motor India, which will be the country's largest IPO of nearly Rs 25,000 crore, received the observation letter from the market regulator on September 24. The regulator also gave the final observations on the offer documents of Vishal Mega Mart and Swiggy.
Call it a charismatic show by the power couple -- Hemant Soren and Kalpana Soren -- whom the Bharatiya Janata Party had dubbed as 'Bunty aur Babli', Jharkhand's Jharkhand Mukti Morcha is on track to secure a second consecutive term as part of the Indian National Developmental Inclusive Alliance (INDIA).
The Maha Kumbh 2025 at Prayagraj will feature a "Yuva Maha Kumbh", a gathering of youth and students celebrating Swami Vivekananda's birth anniversary and his vision for India. The event, organized by the Vivekananda Kendra, will include workshops and discussions on Swami Vivekananda's teachings and their relevance to modern India. The gathering will take place from January 20th, coinciding with the Maha Kumbh, and is expected to draw a large number of young people.
State news agency IRNA said that Iran has successfully shot down 'adversial targets' in the airspace around Tehran province. Iranian state television noted hearing six loud sounds resembling explosions in parts of the capital, with the source of the noises currently unverified.
India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday. It said emerging economies have high ambitions for the next decade and beyond with India aiming to become a $30 trillion economy by 2047, from the current $3.6 trillion. India is currently the fifth largest economy.
The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.
Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks. During deliberations on the deposit mobilisation, she said that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably, and asked banks to make concerted efforts to garner deposits by conducting special drives.
A higher level of private sector financing and resource mobilisation from new sources will be crucial for India to build quality infrastructure, according to the Economic Survey 2023-24. The Economic Survey 2023-24 was tabled in Parliament by Finance Minister Nirmala Sitharaman on Monday.
The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined Rs 20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare, and investment bank DAM Capital Advisors are also among the companies planning to launch their IPOs in December, they added. The companies aim to raise a total of Rs 20,000 crore through their public offerings.
The city's air quality dropped to the "very poor" category, with an Air Quality Index of 330 at 10 pm.
The BJP may be in the Opposition in many states, but nowhere is it as divided as it is in Karnataka, points out Aditi Phadnis.
"Lending to India is the highest in the region with $3.3 billion via 11 loans, accounting for 22.1 per cent of total volume in 2009," the report said
The Army on Wednesday mobilised around 1,000 personnel for deployment in four violence hit districts of Assam and has begun conducting flag marches to ensure safety and security of people there.
Two passengers died and 75 others were rescued after a speed boat crashed into a ferry off the Mumbai coast. The ferry, carrying 80 passengers and five crew members, was on its way to Elephanta Islands when the speed boat circled it before crashing into it. The Navy and Coast Guard launched a massive rescue operation, with 11 Navy boats, three Marine Police boats, and a Coast Guard boat deployed. Four helicopters were also involved in the search and rescue operation. Police, Jawaharlal Nehru Port Authority personnel, and local fishermen are assisting in the rescue efforts. Chief Minister Devendra Fadnavis said that seven to eight passengers remain missing.
A joint operation by anti-narcotics agencies led to the seizure of about 700 kg of drugs and the arrest of eight Iranian nationals from Indian territorial waters off the Gujarat coast around Porbandar on Friday.
It's a strategic approach in which the country's military and defence mechanisms evolve continuously in tandem with emerging threats. The new strategy anticipates events and prepares to counter those proactively.
"The development of adequate infrastructure is a critical pre-requisite for sustaining the growth momentum and to ensure inclusiveness of the growth process," according to the Survey tabled by Finance Minister P Chidambaram in Parliament on Thursday.
