Tag Archives: Business news

NEW DELHI: India has achieved self-sufficiency in solar module manufacturing. But the feat has rendered domestic producers of polysilicon, wafers and ingots – the building blocks for modules – vulnerable to dumping by China-owned companies.The manufacturers of these inputs, who make up the solar industry‘s upstream segment, are now seeking safeguard duty (SGD) against Chinese supplies and policy interventions such …

MUMBAI: The number of consents under the account aggregator system has been growing 12% every month with the value of total number of loans facilitated by the framework crossing Rs 1.3 lakh crore as of December 2024.According to a report on the account aggregator platform by Sahmati, the number of borrower consents for providing access to their account details to …

MUMBAI: Times Music has announced its acquisition of two leading Indian regional record labels – Symphony Recording Co and ARC Musicq. These two deals are the company’s first acquisitions since partnering with Primary Wave Music, an independent publisher of music, in 2023. “…Both labels have established universal appeal in growing Indian music markets,” said a company statement. Growing from a …

NEW DELHI: India’s foreign exchange reserves recorded their sharpest weekly gain in more than three years in the week ending 7 March. The exchange surged $15.27 billion to reach $653.97 billion, as per the latest data from the Reserve Bank of India (RBI).This marks a strong rebound after months of volatility as the reserves had been declining for nearly four …

Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, Piramal Pharma and PTC India are the top stock picks for next week. Here’s its view on Nifty, Bank Nifty and the top stock picks for the week starting March 17, 2025:Index View: NIFTYNifty continues to experience high volatility, driven by fluctuating global cues. Concerns over …

Gold prices have reached new record highs, but Gold ETFs experienced a notable slowdown in February, with monthly inflows dropping by 47.22% to Rs 1,979 crore, compared to Rs 3,751 crore in January. Despite this decline, the inflows in Gold ETFs have still seen a 99% year-on-year increase, from Rs 997 crore in February 2024. This shift signals a complex …

NEW DELHI: Illegal online financial activities, including betting and gambling, have surged dramatically in India in recent years. A report by the Digital India Foundation revealed that digital platforms recorded a staggering 1.6 billion visits in just three months across four major websites.The report highlighted that the majority of these visits were organic, exceeding 184 million—significantly higher than the 42.8 …

India’s foreign exchange reserves saw a significant jump of USD 15.267 billion, reaching a total of USD 653.966 billion during the week ending March 7, marking the largest increase in over two years. This surge follows a decline of USD 1.781 billion in the previous week, which brought reserves down to USD 638.698 billion, news agency PTI reported. The recent …

The Reserve Bank of India (RBI) reassured depositors and stakeholders about IndusInd Bank’s financial health, saying that the bank is well-capitalised and remains stable despite ongoing concerns.In a statement released on Saturday, the central bank said, “The Reserve Bank would like to state that the bank is well-capitalised and the financial position of the bank remains satisfactory.”The apex bank said …

NEW DELHI: Chartered accountants’ apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs 2,100 crore.The private sector lender, on March 10, disclosed some discrepancies in its derivatives portfolio, which could have an adverse impact of about 2.35% of the bank’s net worth as of Dec 2024, as …