Economy

Mumbai: Private lender IDFC First Bank on Saturday reported its quarterly results for the period ending December 2024, with a 15 per cent year-on-year decline in net profit at Rs 339 crore, compared to Rs 716 crore in the same quarter last year. Despite the profit dip, the bank’s net interest income (NII) grew by

New Delhi: India Inc should match the pace and intent of the central government in terms of visualising for the next 50 years, that has frontloaded building robust infrastructure across physical-technical-social space, ensuring traction among various income groups, an SBI report has suggested ahead of the Union Budget 2025-26. Good profitability post pandemic, and viable

Jammu: Indian railways on Saturday carried out the successful trial run of Vande Bharat train from Jammu and Kashmir’s Katra town to Srinagar marking the end of all technical inspections and trials before operationalisation of the passenger service on the ambitious Udhampur-Srinagar-Baramulla Rail Link (USBRL). The trial run of the Vande Bharat train was conducted

Mumbai: India’s second-largest private sector lender, ICICI Bank, on Saturday reported a 15 per cent year-on-year (YoY) growth in net profit for the December quarter of FY25, reaching Rs 11,792 crore, compared to Rs 10,272 crore in the same period last year. The bank’s net interest income (NII), which is the difference between interest earned

New Delhi: Leading media network NDTV on Saturday reported an impressive 34 per cent increase in revenue for the third quarter of fiscal year 2024-2025, compared to the same quarter last year, and a 20 per cent increase compared to the previous quarter. The strong revenue performance was driven by increased advertising revenue, and the

Mumbai: Private sector lender Yes Bank on Saturday reported 165 per cent surge in net profit (year-on-year) at Rs 612.3 crore for the third quarter of FY25, from Rs 231.5 crore in the same quarter last year. The bank’s net interest income (NII) grew by 10.2 per cent to Rs 2,223.5 crore in Q3, compared

Mumbai: Gold prices continued to rise for the eighth day this week, increasing by Rs 200 to cross the Rs 83,000 mark per 10 grams for the first time in the national capital, as market concerns about policy uncertainty under US President Donald Trump pushed demand for the yellow metal. As per the All India

Mumbai: The Indian retail sector leased 8.1 million square feet of area in shopping malls and prominent high streets across top seven cities in 2024, overcoming limited new supply, according to a report on Saturday. The year witnessed new retail space additions of nearly 1.7 million square feet across seven retail developments in Mumbai, Delhi-NCR,

New Delhi: Odisha, Chhattisgarh, and Goa have taken the lead in NITI Aayog’s Fiscal Health Index (FHI) 2025. The FHI 2025, launched by the Chairman of the 16th Finance Commission, Dr. Arvind Panagariya in New Delhi, provides a comprehensive assessment of the fiscal health of 18 major States. The States have been assessed based on

New Delhi: In a clear show of its economic strength amid geo-political uncertainties, India bagged investment commitments worth more than Rs 20 lakh crore at the annual World Economic Forum (WEF) summit in Davos this week. Maharashtra managed to get the biggest pie of almost 80 per cent investments proposals at the global event. Led