MUMBAI: Indian banks are navigating a paradox where credit growth is outstripping deposit growth but margins are under pressure. On paper, a scenario where credit outstrips deposit growth should be a recipe for soaring profitability. However, a deeper look into the recent earnings calls of major public sector lenders shows that margins remain under pressure…
The Competition Commission of India has ordered a detailed probe into French spirits giant Pernod Ricard and seven other entities for alleged cartelisation in the Indian-made foreign liquor market. The investigation will examine restrictive conduct by Pernod Ricard with retailers and wholesalers, potentially violating competition laws. The CCI’s Director General will lead the inquiry, looking…
MUMBAI: Noel Tata has voted against the reappointment of Venu Srinivasan and Vijay Singh as trustees of Tata Education and Development Trust (TEDT), the largest corpus trust within Tata Trusts, in a move that widens fault lines within one of India’s most powerful philanthropic structures. It marks the first time Noel has made his opposition…
NEW DELHI: Swiss pharma major Novartis is sharpening its strategy in India as a pure-play innovator across core therapy segments, including cardiovascular, oncology and immunology, after divesting its stake in its listed arm earlier this year.Significantly, India increasingly contributes to nearly every molecule that Novartis commercialises globally, and is moving further up the value chain,…
There’s a war brewing far away between the US, Israel and Iran. But why is your monthly budget suddenly acting like it’s in danger too?The Middle East war that began as a geopolitical conflict over two months ago has slowly turned into a cost-of-living problem for households, as disruptions to oil supply routes, rising freight…
“Beta, paise ped par ugte hain kya?”Almost every Gen Z has heard this at least once, whether while ordering that expensive K-beauty product or clicking “buy now” on those must-have sneakers.Generation Z, the ‘fam’ that treats a 10-step skincare routine like a basic life skill, coffee runs like a non-negotiable ritual, and concerts like therapy…
Gold and silver prices are expected to remain range-bound for the second straight week as investors closely monitor developments in US-Iran peace negotiations and key global macroeconomic data, analysts said.Market participants are expected to track inflation data from China, Germany and the United States, along with GDP figures from the Eurozone and the UK later…
State-owned oil marketing companies (OMCs) have incurred losses of more than Rs 1 lakh crore over the past 10 weeks as they continued to shield Indian consumers from soaring global fuel prices triggered by the ongoing Middle East conflictThe three state-run fuel retailers, Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited,…
Indian equity markets are expected to remain volatile this week as investors closely track geopolitical developments surrounding the ongoing US-Iran tensions, movement in crude oil prices, foreign investor activity and key inflation data, according to market analysts.Analysts quoted by news agency PTI said the conflict in the Middle East and fluctuations in Brent crude prices…
Prolonged tensions in the Middle East are expected to keep crude oil prices elevated well into the coming years, according to Asian Development Bank Chief Economist Albert Park, who warned that the fallout could weigh on India’s growth and push up inflation.“With a higher oil price expectation, we actually have it as USD 96 per…
