Gaurav Bansal

[ad_1] MUMBAI: The bank credit growth to the agriculture sector slowed to 10.4% year-on-year for fortnight ended March 21, against 20% in corresponding fortnight of previous year, while advances to industry remained flat at 8%, as per RBIdata. RBI has released the data on sectoral deployment of bank credit collected from 41 select commercial banks, accounting for about 95% of the total non-food credit deployed by all banks taken together. Credit growth to infrastructure decelerated. Credit to personal loan segment showed growth of 14% compared to 17.6% a year ago. Non-food bank credit grew by 12% against 16.3%. [ad_2] Source link

[ad_1] Coldplay’s Ahmedabad concerts generated Rs 641 crore economic impact (Picture credit: ANI) NEW DELHI: British rock band Coldplay’s two-night 'Music of the Spheres' concerts in Ahmedabad created an estimated overall economic impact of Rs 641 crore, with a direct boost of Rs 392 crore to the city’s economy, a report by EY-Parthenon and BookMyShow Live revealed on Wednesday. The concerts, dubbed India’s largest-ever live entertainment spectacle, significantly contributed to local infrastructure, hospitality and cultural tourism.As per news agency PTI, 86 per cent of the attendees had travelled from outside the host city, leading to sharp rises in spending on hotels, transport, dining and retail. The event also contributed Rs 72 crore in GST revenue to the Government of India, demonstrating the fiscal strength of the live entertainment sector.Raghav Anand, partner and leader - digital, media and convergence at EY-Parthenon, […]

[ad_1] NEW DELHI: Govt has notified the income tax return forms 1 and 4 for assessment year 2025-26, and made it easier for individuals with long term capital gains of up to Rs 1.25 lakh from listed equities to file returns.Govt has also made certain changes in the form regarding deductions claimed under 80C, 80GG and other sections and has provided a drop down menu in the utility for tax filers to select from.Also, assessees will have to furnish in the ITR section-wise details with regard toTDS deductions.Once utility for filing ITR is made available by the I-T department, people can start filing ITR for income earned in 2024-25. Last date for filing ITR for individuals and those who do not have to get their accounts audited is July 31.Usually, ITR forms are notified before end of the fiscal, mostly […]

[ad_1] NEW DELHI: With US tariffs looming large over global manufacturing hubs, some multinational electronics component suppliers started coming to India for partnerships and joint ventures.Leading electronics contract manufacturersDixon Technologies and Optiemus have struck partnerships with separate Taiwanese suppliers, growing their footprint in terms of product portfolio & potential client base. The development aligns with govt's focus on the Make in India programme.Sunil Vachani-led Dixon, the top homegrown electronics maker, signed a joint venture with Taiwanese Inventec for manufacturing notebook PC products, servers, and desktop PC products, including components. Dixon, which also makes computers for HP under the IT hardware PLI scheme, will hold 60% equity in the new joint venture, while Inventec will have the rest."The joint venture marks a significant milestone for Dixon as we expand our portfolio into high-growth segments of notebooks and servers. With Dixon's operational […]

[ad_1] BENGALURU: Electric scooter maker Ather Energy closed its Rs 2,981-crore initial public offering (IPO) with a total subscription of 1.4times on Wednesday. This capped a three-day bidding window that saw strong interest from retail and institutional investors.The issue marked the first listing of the 2025-26 and the first major tech-led consumer IPO since 2023-24, testing investor sentiment, amid global geopolitical and market volatility.Retail investors led the response, subscribing to their portion 1.8 times, followed by qualified institutional buyers at 1.7 times. The employee quota was oversubscribed 5.4 times. [ad_2] Source link

[ad_1] NEW DELHI: India's largest oil refiner-fuel retailer IndianOil has hit the pause button on talks for a term deal for sourcing oil from Russia's Rosneft amid New Delhi's efforts to ramp up energy imports from the US with the aim of reducing its trade surplus.Company chairman A S Sahney said the move was prompted by market dynamics and not any govt pressure. "As of now we are not in active negotiations (with Rosneft) but we are open to it. There is no mandate (to buy from the US). We buy crude based on our need and price competitiveness," he said on Wednesday after reporting a 50% jump in the March quarter profit at Rs 7,264.8 crore against Rs 4,837.6 crore in the previous corresponding period.In another development, IndianOil signed a five-year gas contract valued at about $1.4 billion with […]

[ad_1] Representational AI image Asian markets moved in different directions on Wednesday with countries like Japan and Taiwan registering small gains, following a strong performance on Wall Street the previous day.However, ongoing concerns about US trade policy under president Donald Trump continued to make investors worried.Associated Press reported that in Tokyo, Japan’s main stock index Nikkei rose slightly, but shares of car companies dipped after Trump signed an order that rolled back some tariffs on car parts. Hong Kong and South Korea saw declines, while Taiwan and Australia showed small gains.In the US, the main stock indexes continued their upward streak. The S&P 500 and Nasdaq both rose, helped by strong earnings reports from major companies. Honeywell International saw its stock jump over 5% after it reported higher-than-expected profits and raised its forecast for the year. Paint maker Sherwin-Williams also […]

[ad_1] Stock market today (AI image) Stock market today: The benchmark indices Nifty and Sensex remained range-bound and concluded flat on Wednesday amidst high volatility, influenced by heightened geopolitical tensions and selling pressure in Bajaj twins.Continuous foreign fund inflows helped limit market losses.The NSE Nifty finished slightly lower, dropping 1.75 points or 0.01 per cent to 24,334.20.The BSE benchmark of 30 shares fell by 46.14 points or 0.06 per cent, closing at 80,242.24. Throughout the session, it fluctuated 646.46 points, reaching a peak of 80,525.61 and a trough of 79,879.15."Nifty extended its consolidation for the second consecutive session, closing flat ahead of key US economic data (Q1 GDP) today. Market sentiment remains cautious due to the ongoing India-Pakistan geopolitical concerns," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.Among Sensex companies, Bajaj Finserv declined over 5 […]

[ad_1] World Liberty Financial formalised a "Letter of Intent with Pakistan Crypto Council. (AI image) Amidst the ongoing India-Pakistan tensions, Pakistan is wooing a cryptocurrency firm predominantly controlled by US President Donald Trump's family.World Liberty Financial, a decentralised finance (DeFi) platform with 60% Trump family ownership, has entered into preliminary agreements with Pakistan Crypto Council to enhance blockchain technology implementation in India's neighbouring nation, according to an ET report.This development occurred merely five days after a terrorist incident in Pahalgam claimed 26 tourist lives, leading to heightened tensions between India and Pakistan, nearly resulting in military confrontation. India has identified two of the three attackers as Pakistani nationals, though Pakistan has rejected these claims.According to Dawn newspaper, the World Liberty delegation, comprising Zachary Folkman, Chase Herro and Zachary Witkoff, held meetings with Pakistan's Prime Minister Shehbaz Sharif and army chief […]

[ad_1] The first four months of 2025 have demonstrated exceptional performance for gold investments. (AI image) Gold prices slipped by Rs 900 to Rs 98,550 per 10 grams in the national capital on Wednesday, tracking a weaker trend in global markets, according to the All India Sarafa Association.This marks a decline from Tuesday’s close of Rs 99,450 for 99.9% pure gold.Similarly, gold of 99.5% purity fell by Rs 900 to Rs 98,100 per 10 grams, compared to the previous close of Rs 99,000.Despite the drop, festive demand on the occasion of Akshaya Tritiya helped soften the blow. Traditionally seen as an auspicious day to purchase gold, jewellery, and other valuables, the festival sparked a surge in consumer buying.Jewellers expect a 35% jump in gold sales by value this Akshaya Tritiya, driven largely by high prices. Gold was priced at Rs […]