NEW DELHI: Bank branches in metropolitan areas have seen their share in overall credit decline to 58.7 per cent as of March 2025, down from 63.5 per cent five years ago, according to the Reserve Bank of India’s (RBI) latest report.The central bank attributed this shift to faster credit growth in non-metro regions. “With higher credit growth in rural, semi-urban …
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NEW DELHI: The Indian bond market is gaining momentum due to lower inflation and expectations that the Reserve Bank of India will cut interest rates, according to a report by Jefferies.The report indicates favourable conditions for domestic bonds, particularly appealing to long-term investors amid evolving global financial conditions. India’s consumer price inflation has shown a consistent downward trend. The previous …
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NEW DELHI: IndiGo has announced the launch of direct daily flights between Mumbai and Adampur (Jalandhar), Punjab, starting July 2, 2025. This marks Adampur as the airline’s 92nd domestic and 133rd overall destination.The new route aims to offer convenient travel options for both business and leisure travelers. IndiGo stated that the direct connection will strengthen access between Punjab’s agricultural and …
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New Delhi: Banks across India will stay open on Saturday, May 31, as it is the fifth Saturday of the month.According to the Reserve Bank of India (RBI) guidelines, banks are closed on the second and fourth Saturdays of each month, in addition to all Sundays. However, on the first, third, and fifth Saturdays, banks operate as usual. Since May …
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President Donald Trump on Friday (local time) claimed that the United States is “very close to making a deal with India,” adding that a representative from Pakistan is expected to visit Washington for talks next week.“Pakistan representatives are coming in next week. We’re very close to making a deal with India,” Trump told reporters at Joint Base Andrews.However, he made …
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US President Donald Trump has put forward the possibility of resuming large-scale trade with Russia once the war in Ukraine ends, but experts say major obstacles stand in the way of such a move anytime soon.“Russia wants to do large-scale TRADE with the United States when this catastrophic bloodbath is over, and I agree,” Trump said in a statement following …
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China’s manufacturing activity shrank in May for the second month running, official data showed Saturday, despite Beijing reaching a temporary ceasefire in a blistering trade war with the United States.Beijing and Washington agreed this month to pause staggeringly high tariffs, although US President Donald Trump on Friday accused China of breaching the de-escalation deal.While the two sides reached a temporary …
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NEW DELHI: EaseMyTrip reported strong growth in the fourth quarter of FY25, with Gross Booking Revenue at Rs 2,192.7 crore and operational revenue at Rs 139.5 crore, according to its financial report.For the full year ending March 31, 2025, EaseMyTrip achieved a total Gross Booking Revenue of Rs 8,691.6 crore, whilst operational revenue reached Rs 587.3 crore. The result was …
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NEW DELHI: Vodafone Idea on Friday reported a loss of Rs 7,166 crore for the fourth quarter of the last fiscal, against Rs 7,675 crore in the same period of 2023-24. The company’s board also approved raising of Rs 20,000 crore to fund expansion.The company, reeling under a debt pile of over Rs 2 lakh crore, reported a revenue of …
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NEW DELHI: India is broadening its efforts to develop AI foundation models. After Sarvam AI, the government on Friday selected three more teams – Soket AI, Gan AI, and Gnani AI – for building indigenous AI models. IT and electronics minister Ashwini Vaishnaw said the country has 367 data sets loaded on AI Kosh. “So the app ecosystem is also …
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