AU Small Finance Bank reported a net profit of ₹504 crore for Q4 FY25, marking an 18% year-on-year increase from ₹428 crore in Q4 FY24. This growth was primarily driven by a significant rise in core income. Key Financial Highlights: Dividend Declaration: The bank’s Board of Directors has approved a dividend of ₹1 per […]
India’s retail inflation dropped to a near five-year low of 3.54% in July 2024, marking the lowest rate since August 2019. This decline was primarily driven by a moderation in food prices, with food inflation easing to 5.42% in July from 9.36% in June. The Finance Ministry attributes this moderation to several factors: Despite this
India’s consumer and retail sectors have experienced a notable surge in deal activity, reaching a three-year high in Q1 2024, according to Grant Thornton. A total of 139 deals worth $3.8 billion were recorded, marking a 65% increase in deal volume from the previous year. This growth is driven by rising domestic consumption, investor interest,
The State Bank of India (SBI) has approved a restructuring plan for Rashtriya Ispat Nigam Limited (RINL), the operator of the Vizag Steel Plant, marking a significant step in the company’s revival efforts. The plan includes lowering the margin money requirements and reducing interest rates on loans, made possible by a recent capital infusion from
Neelu Analjit Singh, the ex-wife of Max Group founder Analjit Singh, has formally requested to reclassify her shareholding in Max Financial Services from the “Promoter and Promoter Group” category to the “Public” category. She currently holds 100,000 equity shares in the company. This move follows a settlement agreement between Neelu and Analjit Singh, executed on
On April 9, 2025, the Reserve Bank of India (RBI) reduced its key repo rate by 25 basis points to 6.00%, marking the second consecutive rate cut this year. The Monetary Policy Committee (MPC) also shifted its policy stance from “neutral” to “accommodative,” indicating the possibility of further rate cuts to support the slowing economy,
Here’s a breakdown of both sides of the debate around fintech consolidation: 🔑 Fintech Consolidation: A Catalyst for Innovation? Pros: ⚠️ Or a Threat to Consumer Choice? Cons: ⚖️ So, What’s the Verdict?
A recent survey by H&R Block Canada reveals that 85% of Canadians are now living paycheque to paycheque, a significant increase from 60% in 2024. This trend is attributed to rising inflation, stagnant wages, and dwindling personal savings. Key Findings from the Survey: Indian immigrants in Canada are particularly affected. Darshan Maharaja, a Canada-based
The Indian stock market experienced a significant downturn today, with the BSE Sensex plunging over 3,200 points, marking a decline of approximately 4%. This sharp drop led to a substantial loss of investor wealth, estimated at around ₹20 lakh crore. Key Highlights: Possible Contributing Factors: While specific details are still emerging, several factors may
The recent imposition of a 27% tariff on Indian imports by the U.S. has intensified trade tensions between the two nations. This development has heightened concerns among both American and Indian businesses, which are urging their respective governments to address longstanding trade barriers to foster a more balanced and mutually beneficial economic relationship. American Businesses’
