State-run Bank of India Ltd has classified a non-performing asset (NPA) linked to Rolta India Ltd, amounting to ₹616.30 crore, as fraud, as reported by CNBC TV18. The announcement was made on March 26 as part of its regulatory disclosure under SEBI (LODR) Regulations, 2015. The bank also reported strong financial performance for Q3 FY25, …
Bank credit growth to India’s industrial sector slowed to 7.3% in the fortnight ended February 21, 2025, compared with 8.4% in the same period last year, according to Reserve Bank of India (RBI) data released on March 27. The overall non-food credit growth also decelerated, signalling broader moderation across sectors. Credit to Industry and Agriculture …
India’s residential real estate sector witnessed a sharp deceleration in Q1 2025, with housing sales across the top 7 cities dropping 28% year-on-year, according to ANAROCK Research. Rising property prices, combined with global economic headwinds, have weakened buyer sentiment, reversing the growth seen in 2024. Sales Slump Across Major Cities Approximately 93,280 units were sold …
Foreign institutional investors (FIIs) have made a notable return to Indian equities in March, marking the first net inflows after two consecutive months of outflows. According to provisional data from the NSE, FIIs recorded net purchases of over ₹11,000 crore as of March 27, following the Nifty index rebalancing. Reversal After Two Months of Selling …
Hindware Homes Ltd. has announced a strategic demerger of its operations into 2 separate listed companies. The board of directors has approved the restructuring move to enable a sharper operational focus across its consumer and building products segments. Details of the Demerger As per the plan, Hindware Homes will be split into: Consumer Products Business: …
Jindal Stainless has announced a significant investment of ₹40,000 crore to establish a stainless steel manufacturing facility in Maharashtra. The project, which has received approval from the state cabinet subcommittee, marks a major step in expanding the company’s domestic presence and supporting India’s drive for self-reliance in key industrial sectors. Investment Plan and Government Approval …
US President Donald Trump’s recent announcement of a 25% tariff on completely built vehicles and auto parts, effective April 3, has triggered concern across the global automobile industry. However, a new report by the Global Trade Research Initiative (GTRI) suggests that India’s auto exports, particularly in cars and trucks, are largely insulated from the impact …
On March 28, 2025, BSE Sensex closed 191.51 pts lower at 77,414.92, while Nifty50 closed at a slight downturn of of 72.60 pts at 23,519.35. Even as the markets remained steady, stocks like Punjab Chemicals and Godfrey Phillips hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today. Stocks That Hit Lower …
On March 28, 2025, Indian equity markets closed lower, with both the Sensex and Nifty 50 ending in the red. The Sensex declined by 191.51 points (0.25%), settling at 77,414.92, while the Nifty 50 dropped 72.60 points (0.31%) to close at 23,519.35. The decline was driven by profit-booking in key sectors, concerns over global economic …
As the financial year 2024-25 draws to a close, the focus shifts to filing Income Tax Returns (ITRs) for the Assessment Year 2025-26. Filing typically starts from April 1, 2025, and like every year, the Income Tax Department rolls out updated forms and utilities to streamline the process for both online and offline filers. Here’s …
