Economy

New Delhi: For non-banking finance companies (NBFCs) in India, education loans have been the fastest-growing asset class, clocking over 50 per cent growth in the assets under management (AUM) over the past few years, a report said on Wednesday. This fiscal (FY26), growth is seen moderating to 25 per cent with AUM reaching Rs 80,000

Mumbai: The Securities and Exchange Board of India (SEBI) Chairperson Tuhin Kanta Pandey on Saturday said that the regulator will not tolerate market manipulation, a day after US trading entity Jane Street and three of its related entities were barred from accessing the market. The SEBI chief, speaking to the media here, said the capital

New Delhi: Gold prices surged Rs 1,135 and silver prices soared over Rs 2,000 this week amid uncertainties around the US tariff deal deadline (July 9) and a decline in the US dollar index. On June 30, the 24-carat gold rate was at Rs 95,576 per 10 grams, while it closed at Rs 97,021 on

New Delhi:  The growth in India’s services sector activity surged to a 10-month high in June, driven by robust demand in both the domestic and export markets, according to an HSBC survey released on Thursday. The seasonally adjusted HSBC India Services PMI Business Activity Index, compiled by S&P Global, rose from 58.8 in May to

New Delhi: Coal production from the country’s captive and commercial mines shot up by a robust 16.4 per cent to 46.01 million tonnes during the first quarter (April-June) of the financial year 2025–26 from 39.53 million tonnes in the same quarter of the previous year, according to official figures released on Wednesday. The dispatches of

New Delhi: The mutual fund exposure in the non-banking financial companies (NBFCs) grow 32.5 per cent to reach Rs 2.77 lakh crore in May, according to a new report. This year-on-year growth was driven by commercial papers (CPs) and corporate debt, which remained over Rs 2 lakh crore for 14 consecutive months, according to a

New Delhi: The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as “fraud” in a case that dates back to August 2016. Reliance Communications said in an exchange filing that this disclosure is being made pursuant to the rules of the Securities and Exchange Board of India (SEBI).

New Delhi: India’s Goods and Services Tax (GST) collection rose to Rs 1.85 lakh crore during June this year, marking a 6.2 per cent increase compared to the same month of the previous year, according to official data released on Tuesday. Although collections registered a robust growth to remain above Rs 1.8 lakh crore, they

New Delhi: The Goods and Services Tax (GST), widely hailed as one of the biggest economic reforms in post-Independence India, will on Tuesday complete eight years of its success story, with collections soaring to a record Rs 22.08 lakh crore in 2024-25, marking a year-on-year growth of 9.4 per cent, with the number of taxpayers

Mumbai:  The USA’s shift toward de-globalisation may ironically lead to a new avatar of globalisation that is multi-polar, regional, and driven by domestic imperatives for which India is well-positioned to emerge as one of the new centres of gravity, industrialist Anand Mahindra has said. In his address to shareholders in the Mahindra & Mahindra (M&M)