Ratan Tata, one of India’s most powerful and admired industrialists who transformed his family’s business conglomerate, the Tata Group, into a multinational corporation with globally recognised brands, died in Mumbai on Wednesday. He was 86.
India
Bank of Baroda surges after global business grows over 10% in Q1 FY25
Bank of Baroda (bob) bank advanced 2.47% to Rs 251.10 after the global business of the bank aggregated to Rs 25,06,809 crore as of 30 September 2024, up by 10.23% from Rs 22,74,148 crore as on 30 September 2023.
Adani Power inks BTA to acquire ADTPS
ADTPS supplies power under a long-term power purchase agreement (PPA) to the Mumbai power distribution circle of Adani Electricity Mumbai.
IEX tumbles on market coupling buzz
Market coupling is a model where buy bids and sell bids from all power exchanges in the country will be aggregated and matched to discover a uniform MCP.
The Lure of Profit: How India’s Banks’ Recklessness May Lead to Disaster
India’s banks spent most of the last decade out in the wilderness, as a punishment for the lax underwriting standards on their corporate loans. Now they have regained their health, restored profitability and reestablished investors’ trust. The benchmark Nifty Bank Index is close to an all-time high. With everything going well, the lenders should be turning cautious. But recent full-year results show an opposite trend: Provisions for future loan losses are beginning to decline. This may not be prudent.
Digital Gold Firm Plans Metal Leasing for India’s Jewelers
Digital Gold Firm Plans: After giving Indians the option to buy gold online for as little as 10 rupees (12 cents), digital gold provider SafeGold is planning to let its customers lease their metal to credit-starved small jewelers.
India Has Few Things To Do Before Global Bond Inclusion: Finance Minister
- India moving towards being included in global bond indexes.
- It’s a question of doing quite a few things before it can happen.
- We are in the process of doing that, I hope to do it at the earliest.
India Sells Rs 24,000 Crore Of Bonds As Planned: RBI
India sold Rs 24,000 crore ($3.2 billion) of bonds at a weekly auction as planned, the Reserve Bank of India said in a statement.
India-China Border Tensions: How ties Have Unfolded Over The Years
Asian regional superpowers India and China share a long history of mistrust and conflict along their lengthy border, and tensions flared up this week in a deadly clash between troops.
India Fights Back Against Chinese Aggression – Neal Bhai
At least 20 Indian Army personnel were killed in violent face-off in Ladakh’s Galwan Valley, news agency ANI quoted government sources as saying. Multiple sources had earlier confirmed that the casualty figure was much more than three on the Indian side.