Net interest income grew by 10 per cent Y-o-Y to Rs 7,196 crore, while fees and services for Q3FY25 also grew 10 per cent to 2,362 crore

Kotak Mahindra Bank

The Net Interest Income (NII) grew nearly 3 per cent Y-o-Y to Rs 1585 crore due to lower (Joint Liability Group) JLG funding and increased slippages causing interest reversals

RBL Bank

NITI Aayog member and renowned economist Arvind Virmani on Saturday said he has revised his GDP growth projection for India on the lower side for FY'25 due to rising global uncertainties and risks, particularly from the United States and China.
Virmani, who had earlier predicted a GDP growth in the range of 6.5-7.5 per cent, adjusted the projection to 6.5-7 per cent now with high probability of it being sub-7 per cent, amidst heightened risk aversion stemming from global political and economic challenges.
"My focus from the beginning of the year was 7 per cent plus-minus 0.5 per cent, which means 6.5-7.5 per cent. But now I am revising it to 6.5-7 per cent. The political uncertainties created by the US elections is much higher than I had anticipated," Virmani said.
"The US election uncertainty has a domino effect, influencing Europe, China, and other regions, indirectly impacting India," he said on the sidelines of an interactive session with MCCI.
He highlighted the significant ..

Prime Minister Narendra Modi will inaugurate the second edition of Bharat Mobility Global Expo on Friday which is expected to witness over 100 new launches across automobiles, component products and technologies.
The Bharat Mobility Global Expo 2025, scheduled from January 17-22, will bring the entire value chain of the mobility ecosystem -- from automobile manufacturers to components, electronics parts, tyre and energy storage makers, and automotive software firms and material recyclers -- under a single umbrella.
With a theme "Beyond Boundaries: Co-creating Future Automotive Value Chain", aiming to foster collaboration and innovation across the automotive and mobility sector with an emphasis on sustainable and cutting-edge technological advancements, the global expo will be held across three venues -- Bharat Mandapam in New Delhi, Yashobhoomi at Dwarka, Delhi and India Expo Centre & Mart, Greater Noida.
Notably, India's flagship motor show, the biennial Auto Expo -- now clubbed .

Modi, Narendra Modi

The tech giant achieved an impressive 9-10 per cent market share in India during the festive season from September-December quarter of 2024

apple, apple logo

Finance Minister Nirmala Sitharaman will present the federal budget for the 2025-26 fiscal year on February 1

The finance ministry has rejected a proposal by the steel ministry to establish a central organisation for the bulk procurement of green steel. It cited that most steel procured for government projects is purchased indirectly through contractors rath

Dinesh Kumar Saraogi offers expert advisory services to optimize steel projects, enhancing profitability, efficiency, and sustainability using 43 years' experience.

Dinesh Kumar Saraogi

Prime Minister Narendra Modi's "Make in India" campaign has also got lost somewhere in the labyrinths of this bureaucratic maze

chart

l The CMIE data also points to a worrying 57.1 per cent year-on-year decline in the value of government projects completed and a 40 per cent decline in that of the private sector

Budget

A day after an alleged attack on his vehicle during election canvassing, AAP supremo Arvind Kejriwal on Sunday said his life was dedicated to the country, but asserted Delhi has never witnessed such campaigning when a "murderous attack" was attempted on a former chief minister.
The AAP has alleged that New Delhi BJP candidate Parvesh Verma's "goons" attacked Kejriwal during campaigning in the constituency on Saturday.
"The people of Delhi have never witnessed such campaigning and violence in which a murderous attack was attempted on a former chief minister. This is their way of campaigning because they are badly losing," Kejriwal said, targeting the BJP.
He also laughed off Verma's claim that Kejriwal is going to lose the New Delhi seat by 20,000 votes. "Let him live in dreams for some days," he told the media.
Kejriwal also said he has written to Prime Minister Narendra Modi about a housing scheme for government employees, proposing the Delhi government will build houses if the ..

Kejriwal, Arvind Kejriwal

Prime Minister Narendra Modi lauded the Election Commission on Sunday, saying it has used the power of technology to strengthen people's power and also shown commitment to a fair polling process.
Modi's praise for the poll body in his monthly Mann ki Baat broadcast came ahead of its foundation day on January 25, observed as the National Voters' Day, and amid frequent criticism from the opposition for its alleged pro-BJP bias.
The EC has modernised and strengthened the election process from time to time, Modi asserted.
"It has used power of technology to strengthen people's power," he said, asking people to participate in the polling process in large numbers to be part of democratic process and empowering it.
Opposition parties have increasingly raised questions on the integrity of Electronic Voting Machines (EVMs), and Modi's remarks can be seen as an endorsement of the EVMs.
The prime minister said doubts were cast on India's viability as a democracy after it became independent, 

The government could reduce customs duty on inputs used in manufacturing medical equipment, electronic goods and footwear industries in the forthcoming Budget to boost local manufacturing, according to tax experts.
Deloitte India Partner, Indirect Tax, Harpreet Singh said key demands from the Customs side from the 2025-26 Budget, to be tabled in Parliament on February 1, would be rate rationalisation, simplification of the regime, and litigation and dispute management.
"In the lines of the phased manufacturing plan, we expect some duty cuts in raw materials in electronics, home appliances, healthcare products, and pharmaceuticals. These are the industries where the government wants to give impetus in terms of manufacturing, and hence, we will see the raw materials declining in these sectors," Singh told PTI.
On the proposed Customs duty rationalisation announced in the Budget in July 2024, Singh said the sectors which could see rationalisation are healthcare, manufacturing of medica

Sitharaman, Nirmala Sitharaman, Budget, Union Budget

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Delhi never seen poll campaign when 'murderous attack' attempted: Kejriwal

EC used power of technology to strengthen people's power, says PM Modi

Budget: Govt could cut customs duty on raw materials to boost manufacturing

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NITI Aayog member revises FY25 GDP growth projection for India to 6.5-7%

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