India’s cooking gas consumption saw a sharp decline in March, with LPG usage falling 13 per cent year-on-year due to supply disruptions linked to the ongoing Middle East conflict, according to official data.LPG consumption stood at 2.379 million tonnes in March, down from 2.729 million tonnes in the same month last year. The decline comes…
India’s growth trajectory is expected to remain steady despite the ongoing Middle East crisis, that has sent ripples across the globe. In its latest report, SBI Research said that the country is navigating oil shocks and the Iran war from a “situation of strength”, projecting GDP growth at 6.8% to 7.1% in FY27.The report noted…
This Akshaya Tritiya, India’s gold and silver markets are heading for bumper purchases, with overall trade likely to cross Rs 20,000 crore even as record-high prices reshape buying patterns. The estimate, shared by the Confederation of All India Traders (CAIT), is higher than last year’s Rs 16,000 crore, signalling growth in value despite a sharp…
Gold and silver have marked gains of around 10% and 5% year-to-date. Should you buy gold this Akshaya Tritiya? We asked five experts: (AI image) Gold buying in India is not just about its safe haven status – it is traditionally considered auspicious. Festivals across the year become major days on which gold buying peaks….
NEW DELHI: HDFC Bank, the country’s largest private lender, has recorded a net profit of Rs 19,221 crore during the fourth quarter of last financial year, up 9.1% from Rs 17,616 crore a year ago, while full-year net profit rose to Rs 74,671 crore from Rs 67,347 crore, an increase of 10.9%. The board recommended…
The government has approved a Bharat Maritime Insurance Pool with a sovereign guarantee fund of Rs 12,980 crore to support maritime insurance amid disruptions caused by the Middle East conflict, Union minister Ashwini Vaishnaw announced on Saturday.The scheme aims to address rising insurance premiums and tighter approvals for shipping cover, which are currently being granted…
Mumbai: YES Bank’ reported a net profit of Rs 1,068 crore for the March 2026 quarter, up 44.8% from Rs 738 crore a year earlier, supported by lower credit costs and improved operating performance. For the full year, net profit rose 44.5% to Rs 3,476 crore, while return on assets improved to 0.8% from 0.6%…
The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani have jointly requested a US court for more time to file key submissions in a civil securities case, proposing a revised schedule for motions and responses.In a filing before the US District Court for the Eastern District of New York, the…
The National Bank for Financing Infrastructure and Development (NaBFID) has signed a Memorandum of Agreement with Projects Development Company of Rajasthan Limited (PDCOR) to strengthen advisory services for state and city-level infrastructure projects.The agreement will also allow both institutions to jointly explore financing and transaction advisory opportunities, including transaction structuring, commercial and technical due diligence,…
The government on Saturday said the threat posed by a possible El Nino this year is unlikely to cause major damage to agriculture, pointing to stronger irrigation systems, higher reservoir storage and better preparedness than in past drought-linked years.The assurance came after Agriculture Minister Shivraj Singh Chouhan chaired a review meeting ahead of the Kharif…
