Follow Us on Google News New Delhi, June 13 (IANS) Indian banks have shown significant improvement in asset quality during FY25, driven by low net additions to non-performing assets (NPAs), a new report said on Friday. This trend has helped banks strengthen their balance sheets, while credit costs have continued to decline, boosting overall profitability, … Read more
Follow Us on Google News New Delhi, June 8 (IANS) Maharashtra and Karnataka emerged as the top destinations for foreign direct investment (FDI) in India during the financial year 2024–25, jointly accounting for 51 per cent of the total inflows, according to the latest data released by the Department for Promotion of Industry and Internal … Read more
Follow Us on Google News New Delhi, May 30 (IANS) The government has succeeded in meeting its fiscal deficit target for 2024-25, fixed at 4.8 per cent of the gross domestic product (GDP) in the revised budget estimate for the year, data released by the Controller General of Accounts on Friday showed. According to the … Read more
Follow Us on Google News Mumbai, May 30 (IANS) Net financial savings of India’s household sector may reach Rs 22 lakh crore or 6.5 per cent of gross national disposable income (GNDI) in FY25 based on the current trends, according to an SBI report released on Friday. With the latest RBI annual report indicating that … Read more
Follow Us on Google News New Delhi, May 27 (IANS) India’s coal imports declined by 7.9 per cent to 243.62 million tonnes (MT) during financial year 2024-25 due to the increase in domestic production of the fossil fuel, resulting in a massive saving in foreign exchange to the tune of $7.93 billion (Rs 60681.67 crore) … Read more
Follow Us on Google News New Delhi, May 23 (IANS) Government-owned Oil India Limited (OIL) reported a 10.13 per cent increase in net profit to Rs 6,114.19 crore for the financial year ended March 31, 2025, driven by record-high oil and gas production. The upstream oil company achieved its highest-ever total production of 6.71 MMTOE, … Read more
Follow Us on Google News New Delhi, May 22 (IANS) There has been a steady increase in corporate investments during 2024-25, with core infrastructure industries playing a lead role in the growth, according to a report compiled by the Bank of Baroda’s economic research department. The report, based on data from 1,393 companies across 122 … Read more
Follow Us on Google News New Delhi, May 19 (IANS) Union Agriculture Minister Shivraj Singh Chouhan announced on Monday that India’s foodgrain production has increased by over 106 lakh tonnes to 1,663.91 lakh tonnes in 2024-25, which represents a 6.83 per cent increase over the corresponding figure of the previous year. “In 2023-24, the country’s … Read more
Follow Us on Google News New Delhi, May 19 (IANS) India’s GDP growth is expected to increase to 6.9 per cent in Q4 FY2025 from 6.2 per cent in Q3 FY2025 despite the enhanced global uncertainty due to the US tariff turmoil during the quarter, according to an ICRA report released on Monday. The report … Read more
