Economy

Mumbai: Consumer expenditure through credit cards has shot up by 10.8 per cent year-on-year to Rs 1.84 lakh crore in January 2025 with HDFC Bank and ICICI Bank recording the highest increase, according to the latest data compiled by the RBI. The country’s leading credit card issuer HDFC Bank registered a 15.91 per cent year-on-year

New Delhi:  The UK-India Business Council on Tuesday welcomed the restart of the Free Trade Agreement (FTA) negotiations during UK Business and Trade Secretary Jonathan Reynolds’ visit to India, which includes two days of meetings with Commerce and Industry Minister Piyush Goyal and his team. India and the UK resumed the negotiations on Monday. This

New Delhi: In a further boost to domestic manufacturing, Maruti Suzuki India on Tuesday said it has started commercial production at its Kharkhoda facility in Haryana. The foundation stone for this facility was laid by the Prime Minister Narendra Modi in August 2022 via a virtual mode. To begin with, the Kharkhoda facility will have

New Delhi: The government aims to achieve ‘Net Zero’ carbon emissions for Indian Railways, with 100 per cent electrification slated for completion in the 2025-26 financial year, Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, has said. The next objective is to maximise renewable energy procurement. Till date, Indian Railways has tied up

New Delhi: Global FMCG giant Unilever announced on Tuesday that Hein Schumacher is stepping down as Chief Executive Officer and Chief Financial Officer Fernando Fernandez will be appointed to replace him in the top job with effect from March 1, 2025. “A thorough internal and external search process is being initiated to appoint a permanent

Mumbai: The Securities and Exchange Board of India (SEBI) has proposed a major change in the way open interest (OI) is calculated in the equity derivatives market. In a statement, the regulator suggested moving to a ‘Future Equivalent’ method instead of the current notional value-based calculation. This shift aims to prevent stocks from being unfairly

Mumbai:  Domestic benchmark equity indices on Monday ended the trading session on a weak note, closing over 1 per cent lower as the market saw broad-based selling pressure amid weak global cues. At the closing bell, the 30-share Sensex tumbled 856.65 points, or 1.14 per cent, to close at 74,454.41. The index fluctuated between 74,907.04

New Delhi: The growing presence of GCCs (global capability centres) of multinational companies in India’s top 7 cities now accounts for as much as 37 per cent of the office space market in the country, according to a report released by real estate consultancy Anarock on Monday. “While the top 7 Indian cities are

Mumbai: Adani Electricity has once again demonstrated unparalleled excellence by securing top rankings across three independent national assessments conducted by the Ministry of Power, the company said on Monday. Following its number one ranking in the 13th Integrated Rating Exercise by the Power Finance Corporation (PFC) for Performance Excellence, an A+ grade in the Consumer

New Delhi: Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited. The power firm was selected as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of Vidarbha Industries Power Ltd. The Committee of Creditors approved Adani Power’s resolution plan, as