Business

Private sector lender HDFC Bank has reduced its benchmark lending rates following the Reserve Bank of India’s (RBI) unexpected decision on Friday to cut the repo rate by 50 basis points in a bid to revive the slowing economy.The bank revised its marginal cost of funds-based lending rates (MCLR) downward by 10 basis points across all loan tenures. According to …

Indian fashion e-commerce giant Myntra has set its sights on international expansion, beginning with Singapore, where it launched its Myntra Global platform last month to cater to the growing Indian diaspora.Nandita Sinha, CEO of the Bengaluru-based company, said the move marks the beginning of a long-term global ambition. “With the launch of Myntra Global in Singapore, we’re also laying the …

Nine of India’s ten most-valued companies collectively added Rs 1,00,850.96 crore to their market capitalisation last week, lifted by broadly positive sentiment in the equity markets. Reliance Industries and HDFC Bank led the gains, reflecting investor confidence.The benchmark BSE Sensex rose by 737.98 points, or 0.90%, during the week, helping major firms register healthy growth in their market worth.Reliance Industries …

Jamie Dimon has consistently voiced concerns about private equity firms attracting fresh finance graduates. Led by CEO Jamie Dimon, JPMorgan has issued a very stern warning to ‘unethical’ junior bankers who start looking at alternate job offers within 18 months of joining. A new letter, leaked on Litquidity’s Instagram platform, warns the new recruits against job hopping.According to the letter, …

For India to achieve its goal of becoming a $ 7-trillion economy by 2030, the country needs to strengthen its industrial sector, according to Smadja. (AI image) India overtaking Japan to become the fourth largest economy soon is not something to be complacent about, World Economic Forum’s (WEF) former MD Claude Smadja has said. Giving a reality check, Claude Smadja …

India’s top listed real estate firms recorded a blockbuster performance last fiscal, with property sales surging past Rs 1.62 lakh crore, marking a jump of over 20% from the previous year. Leading the charge was Godrej Properties, which emerged as the biggest seller among 26 major listed players, clocking pre-sales worth Rs 29,444 crore.The data, compiled from investor presentations and …

Planning to buy a car or a house? Your loan just got cheaper. Bank of Baroda, one of India’s top public sector banks, has slashed its repo linked lending rate (RLLR) by 50 basis points, following the Reserve Bank of India’s latest policy cut. With the new rate of 8.15% now in effect from June 7, borrowers could see reduced …

Maharashtra and Karnataka emerged as the top magnets for foreign investment in India, together accounting for more than half of the country’s total FDI.Overall, India’s total FDI, comprising equity inflows, reinvested earnings, and other capital, rose by 14% to $81.04 billion in 2024–25, marking the highest inflow in the past three years. In the previous fiscal, the country received $71.3 …

The public feud between US President Donald Trump and Tesla CEO Elon Musk has turned into both a political and a Wall Street drama, raising investor concerns and exposing the vulnerability of stock markets to sharp moves in major companies.The clash, which played out mostly on social media, triggered a 14% drop in Tesla shares on Thursday, after Trump threatened …

Marc Ashdown Business correspondent Getty Images Areas like Newport in Wales, home to the UK’s biggest semiconductor manufacturing facility, will be allowed to decide how investment is targeted in their communities. An £86bn package for the science and technology sector will help fund research into drug treatments and longer-lasting batteries, the government has said ahead of Wednesday’s Spending Review. The …