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NEW DELHI: Hudco will become a zero NPA company with no bad loans in its books in the next 18 months, following resolution of projects worth around Rs 1,200 crore at National Company Law Tribunal and Rs 400 crore at Debt Recovery Tribunal, its CMD Sanjay Kulshrestha said. Source link

NEW DELHI : India and New Zealand are working to finalise a comprehensive and mutually beneficial Free Trade Agreement (FTA), commerce and industry minister Piyush Goyal said on Tuesday, and called for targeting robust growth in bilateral trade over the next decade.The two countries decided to relaunch negotiations for a free trade agreement on Saturday…

Bajaj to buy out Allianz’s stakes in insurance joint ventures MUMBAI: In the biggest insurance sector deal in India, Bajaj group will buy out Allianz’s 26% stakes in their life and non-life insurance ventures for Rs 13,780 crore and Rs 10,400 crore, respectively. The deal will make both insurers fully Indian-owned.Under the share purchase agreement,…

Is the US economy headed for a downturn? (AI image) Is the US economy headed for a recession? A recession happens when an economy’s GDP contracts for two consecutive quarters. A recent SBI Research report says that the long term US GDP growth shows a declining trend.Concerns have risen about the economic outlook of the…

Gold prices surged by Rs 500, reaching a record high of Rs 91,250 per 10 grams in the national capital on Tuesday. This increase was driven by continued buying from stockists and retailers, coupled with strong trends in international markets, according to the All India Sarafa Association. On Monday, gold with 99.9% purity had already…

MUMBAI: RBI has pumped in over Rs 5 lakh crore into the banking system since mid-Jan through bond purchases, forex swaps and early-April maturity repos. To ensure that liquidity remains surplus so that its rate cut can be transmitted to borrowers, the central bank plans to inject another Rs 50,000 crore through bond repurchases on…

MUMBAI: SBI chairman C S Setty said that several initiatives taken by govt to formalise the MSME and agriculture sectors through digitalisation have enabled banks to lend to these segments. He noted that digitalisation has transformed these areas, allowing banks to develop innovative models that expand formal credit access to previously underserved sectors.Setty was speaking…

NEW DELHI: India’s trade deficit has narrowed to a 42-month low of $14 billion in Feb 2025, thanks primarily to imports slowing to $51 billion, data released by the commerce ministry showed on Monday. But volatility in petroleum prices and global uncertainties meant that exports last month fell to $36.9 billion, compared to $41.4 billion…

CHENNAI: Next-gen is coming to the forefront at TAFE as Lakshmi Venu, director of TAFE (Tractors and Farm Equipment), is appointed vice-chairperson of the company. She is the daughter of TAFE CMD Mallika Srinivasan and TVS Motor chairman emeritus Venu Srinivasan.Said Mallika Srinivasan, CMD, TAFE, “Lakshmi Venu has been a key member of our leadership…

NEW DELHI: American aerospace major Boeing will increase its sourcing from India, which is currently at Rs 10,000 crore annually from about 320 suppliers here, as it emerges from its worst ever crisis. While Indian airline customers will get two aircraft per month this year and next, its plans for India go beyond planes. Boeing’s…