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Credit offtake stays ahead of banks' deposit growth

In the second quarter of FY27, advances at several banks grew significantly faster than deposit growth. Smaller banks, such as Tamilnad Mercantile Bank and Karnataka Bank, recorded impressive credit expansions. Larger public sector banks like Bank of India and Canara Bank also saw substantial growth in advances.…

RBI may end rate-cut cycle with first hike since February 2023

Bankers expect the Reserve Bank of India to raise the repo rate by 25 basis points soon. This marks the end of the rate-cutting phase that began in February 2025. Economists predict inflation will exceed the RBI’s forecasts, necessitating tightening. Experts anticipate resilient growth will provide the RBI room to act…

India in striking distance of 8% growth, says Shaktikanta Das

India is expected to achieve close to 8% economic growth, aided by recent reforms and increased investment. The resilience of the economy is attributed to strategies implemented over the past decade and strong domestic demand. Former RBI governor Shaktikanta Das emphasized the significance of the financial sector and…

Next-generation GST aimed at boosting India's next phase of growth

Faster registration, easier refunds: Reform rollout with GST 2.0

GST Council plans to unveil substantial reforms aimed at improving business processes and facilitating growth. The proposed changes involve streamlined registration, easier refunds, and a more efficient input tax credit system. Decriminalisation measures are also proposed to alleviate issues for businesses with minor…

Nykaa expects net revenue growth in late twenties in Q2

Nykaa said fashion was a faster-growing vertical, with NSV expected to grow in the late forties and net revenue in the early forties. Nykaa said more than 250 brands were added during the quarter and that its partnership with Nike continued to see "encouraging early traction," supported by exclusive drops.

Next-Gen GST and India’s next phase of growth

Next-Gen GST was conceived with two connected purposes: to reduce and rationalise rates, and to make compliance easier

Cinepolis adds four more screens in Faridabad as its big-screen expansion continues across Delhi-NCR

Cinepolis India has opened a four-screen multiplex at Amolik’s City Life Mall in Faridabad, taking its presence in the city to eight screens as it expands across Delhi-NCR with a focus on growing urban catchments.

Spy chief Jay Clayton, the Trump loyalist tech bosses trust on AI

The 60-year-old lawyer, who will keep his post as director of national intelligence, is unlikely to question the central place of artificial intelligence in the US economy, even as opposition to the technology grows among American voters.

IT Q2 preview: Muted growth, steady margins likely; deal conversion, AI deflation in focus

Research advisory UnearthInsight expects the top-five IT companies to grow 0.5-1% quarter-on-quarter in the second quarter of FY27, with little improvement over the April-June period.

India fastest-growing Asia market for NetApp; BFSI and public sectors key growth drivers: CEO

The San Jose-based data infrastructure company has also grown its global capability centre in Bengaluru, with the majority of global R&D processed out of the centre. With a team of about 4,000 engineers, the centre is the largest for NetApp and is core to the global innovation work for the company across technology…

'Use Images In Their Original Form': Yami Gautam Makes A Request Over Her AI-Altered Photos

Yami's request comes amid growing concerns among celebrities about the use of AI to manipulate photographs, videos, and an individual's likeness without consent