Despite a 100 basis point cut in the Reserve Bank of India’s repo rate since February 2025, some small finance banks are still offering attractive fixed deposit (FD) rates above 8% for general depositors on deposits below Rs 3 crore. While most banks have lowered interest rates in line with the policy easing, investors looking…
As of March 2025, SBI’s CET-1 stood at 11%. According to industry analysts, this figure ranked amongst the lowest for public sector banks. (AI image) State Bank of India (SBI), the nation’s most valuable public sector enterprise, is nearing the final stages of selecting several merchant banks to secure up to Rs 25,000 crore through…
The Nifty Realty index has surged 8% over the past month—outpacing the Nifty 50’s 1.4% gain—as real estate stocks continue to show resilience despite global market headwinds.Analysts told ET that despite some profit booking after the June 9 peak of 1,049.50, the realty index remains above key short- and long-term moving averages, signalling sustained upward…
India purchased 231 million barrels of Urals through June 24, with Reliance Industries Ltd. and Nayara Energy Ltd. collectively acquiring 45% of Russia’s exports. (AI image) Russian crude seaborne for India: India has emerged as the main destination for Russian seaborne exports of Urals oil grade in 2025, accounting for 80% of shipments. India’s two…
RIL share price: Reliance Industries shares, which have remained largely flat over the past year, could find a catalyst in the company’s first-quarter earnings next month, global brokerage CLSA said in a note.“Reliance Industries is entering an exciting period, beginning with its 1QFY26 earnings, where we expect to see notable improvements in KPIs across its…
Union commerce and industry minister Piyush Goyal on Tuesday reaffirmed India’s goal of becoming a $5 trillion economy by 2027, citing strong macroeconomic fundamentals, robust policy reforms, and inclusive national effort. Speaking at a virtual session hosted by the Merchants’ Chamber of Commerce and Industry (MCCI), Goyal described India’s economic progress as a “quantum leap”,…
ITR: One of the most crucial documents for income tax returns, Form 16 is usually issued by the employer. (AI image) Income Tax Return (ITR) filing FY 2024-25: Filing ITR can be a daunting task for many. Salaried taxpayers are often confused about the documents they need to e-file ITR. One such important document is…
The rupee retreated 3 paise on Wednesday to settle at 86.08 against the US dollar, giving up part of its sharp gains from the previous session, amid a firmer dollar index and foreign fund outflows.At the interbank foreign exchange, the local unit opened at 86.00 and touched a high of 85.79 before closing at 86.08….
Economic activity in India remained resilient in May 2025 despite the dual pressures of global trade uncertainty and geopolitical tensions, the Reserve Bank of India said in its June Bulletin, citing high-frequency indicators across key sectors.“In this state of elevated global uncertainty, various high-frequency indicators for May 2025 point towards resilient economic activity in India…
India is witnessing a sharp rise in the number of high-net-worth individuals, with the millionaire population expected to grow over 55% between 2024 and 2029—more than double the global average of 21%, according to a new report by Boston Consulting Group (BCG).Releasing its latest outlook on Wednesday, BCG said India’s financial wealth surged 10.8% between…
