The Reserve Bank on Monday said asset quality of banks improved further and their gross non-performing assets (GNPA) or bad loans ratio declined to a 12-year low of 2.6 per cent in September 2024 on the back of falling slippages and steady credit demand. The RBI also flagged concern over a sharp rise in write-offs, especially among private sector banks (PVBs), which could be partly masking worsening asset quality in unsecured lending segment and dilution in underwriting standards.
Facing criticism from the government over the central bank prioritising inflation over growth, the new RBI Governor Sanjay Malhotra on Monday said that prospects of the Indian economy are expected to improve on the back of high consumer and business confidence in 2025. "As we strive to preserve financial stability to support a higher growth path for the Indian economy, our focus remains steadfast on maintaining stability of financial institutions and, more broadly, systemic stability," Malhotra said in foreword to the Financial Stability Report.
'Were there thoughts of retirement going round my head? One hundred per cent. Because I was so down'
England pacer Stuart Broad was left devastated after the pub he co-owned in Nottinghamshire was forced to close down after being gutted by fire early on Saturday.
The Supreme Court on Thursday dismissed a batch of pleas seeking to review its October 2023 verdict declining legal sanction to same-sex marriage.
Test captain Ben Stokes said on Tuesday as he looks to wipe the slate clean and start afresh.
India has declared 2025 as the year of defence reforms, aiming to establish integrated theatre commands to enhance synergy among the three armed forces and transform the military into a technologically-advanced combat-ready force. The reforms will also focus on streamlining acquisition procedures, promoting collaboration, and leveraging emerging technologies like artificial intelligence and robotics.
England's Jofra Archer and Moeen Ali have been subjected to abuse on social media and Broad said he would be willing to take a stand against it.
Stuart Broad scored the joint third fastest Test 50 for England off just 33 balls as he helped England to fight back
The India-US nuclear deal was aimed at ending India's nuclear isolation and nuclear apartheid, recalls Rup Narayan Das.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
England have called up Lancashire seamer Saqib Mahmood as cover.
External Affairs Minister S Jaishankar has said India can never permit others to have a veto on its choices and will do whatever is right in the national interest and for the global good without being intimidated to conform. In a video message for a function in Mumbai on Sunday, he said when India is etched more deeply in global consciousness, its repercussions are truly profound. In a world grappling with unhealthy habits, stressed lifestyles or recurring climate events, there is much learning to be gained from India's heritage. But the world will only know when the countrymen take pride in it, he said.
Swede Joakim Alexandersson was on Thursday appointed as the chief coach of the India women's U-20 and U-17 national teams by the All India Football Federation.
Game Changer is underwhelming in the sense that you see the potential being squandered away by timid filmmaking, observes Arjun Menon.
Out of the 14 flights, 13 were diverted to Jaipur and 1 to Dehradun, the official said and added that the diversions happened between 8.30 am and 3 pm.
The Congress continued its losing spree on Saturday posting its worst-ever show in Maharashtra and ending up a distant junior partner to the ruling Jharkhand Mukti Morcha in Jharkhand, further diminishing its role in the opposition bloc as other allies perform better.
The outage raised broader concerns about the dependency on a few large tech companies controlling critical platforms.
From the 30-share Sensex blue-chip pack, Titan, Adani Ports, UltraTech Cement, Tata Consultancy Services, NTPC, Bharti Airtel, Tech Mahindra, Infosys, Hindustan Unilever and JSW Steel were the biggest laggards.
India's most valued company, Reliance Industries Ltd (RIL), reported a robust performance in the third quarter of the current financial year (Q3FY25), surpassing analyst expectations. This coupled with positive commentary by brokerages led to the stock of the oil-to-telecom conglomerate surging as much as 4.44 per cent to hit an intraday high of Rs 1,325.1. It settled at Rs 1,301.3 apiece, up 2.57 per cent.
'Rates go up, revenues go up, and the need for compensation diminishes.'
Hussain said Stokes was "naturally gifted" but England would have to be sure he can cope with the demands of the role.
BJP leader Sudhir Mungantiwar said the Mahayuti partners will meet Governor C P Radhakrishnan to stake a claim to form a government in the state.
From the 30-share Sensex pack, Tata Consultancy Services and Infosys jumped over 4 per cent each. HCL Technologies, Tech Mahindra, Adani Ports, Larsen & Toubro, Maruti and Reliance Industries were also among big gainers. Titan, IndusInd Bank, Hindustan Unilever, Axis Bank and HDFC Bank were the laggards.
The Indian government has initiated the process of procuring All-Terrain Vehicles (ATVs) for deployment along the northern borders for the Indian Army. The Ministry of Defence has issued a Request for Information (RFI) seeking vendors who can supply the vehicles. The RFI outlines operational and technical specifications for the ATVs, including a minimum seating capacity of four personnel, disc brakes, automatic transmission, and heliportability by Chinook/Mi26 helicopters.
The United States had a 'productive meeting' with visiting officials of the India Enquiry Committee, a State Department official said on Wednesday, adding they were satisfied with the cooperation from the Indian side.
Disengagement of Indian and Chinese troops has started at two friction points in Demchok and Depsang Plains in the Eastern Ladakh sector, defence officials said.
We do not whistle for Hathiram Chaudhary. And yet the bond we feel towards him is spontaneous, almost effortless. This is because he shares something of our too-ideal dreams, our wry acceptance of our limitations, our useful frustrations, and our pointless sprints, explains Sreehari Nair.
'Inflation is not good for industry. Nor for the economy as a whole.'
'No, I can't pretend I am as good as gold, because I am not. It would be wrong to act like everything's OK.'
Rekhachitram is the latest in an assembly line of films that use the period setting and mythic allure of the past to drive home the suspense of relatively straightforward genre stories, notes Arjun Menon.
'New rules have been introduced in cricket by MCC committee and I am quite supportive of couple of them'
Stock Market News today, PSU banks: The year 2024 was a roller-coaster ride for Indian stock markets, marked by volatility driven by the Lok Sabha elections, Union Budget 2024, a slowdown in corporate earnings, and sticky inflation. Geopolitical tensions - particularly between Israel and Iran in West Asia - along with various stimulus announcements by China and yen carry trade rocked the equity markets throughout the year.
The unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the September quarter of FY24 was 6.6 per cent.
'A rigid or overly broad interpretation could lead to a chilling effect on investments and growth in sectors traditionally driven by private initiative.' 'Entrepreneurs may fear that their assets could be arbitrarily appropriated by the State under the guise of serving the 'common good' without sufficient legal safeguards.' 'The judgment thus supports a more nuanced view, one that balances individual property rights with public welfare objectives.'
India's manufacturing sector growth fell to a joint 11-month low of 56.5 in November, restricted by competitive conditions and inflationary pressures amid a softer increase in factory orders, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in October to 56.5 in November, signalling a softer improvement in the health of the sector. However, the pace of growth remained above its long-run average.
'We often in England, talk about express pace, but that's not what I'm seeing. It's relentlessness with the ball. It's (Glenn) McGrath-like that you do for a long period of time. It's not bowling bad balls and releasing the pressure.'
"Based on this consensus, the process of disengagement is almost complete. Our efforts will be to take the matter beyond disengagement; but for that, we will have to wait a little longer," he added.
Seasoned pacer Stuart Broad has shown that he still has the "fire in the belly" to achieve a lot more for England, said former captain Michael Atherton, asserting that the "champion sportsman" has the potential to claim 600 Test wickets.
'As we navigate uncertain waters, a conservative approach to largecap investing could provide a strategic advantage.'
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