Finance

14 Feb

Credit Growth Rebounds to 14.6% in Late January as Lending Gains Momentum

editorFinance

India’s banking credit growth rebounded sharply to 14.6 per cent year-on-year in the fortnight ended January 31, signalling renewed momentum in lending activity, according to data released by the Reserve Bank of India.Total bank credit stood at ₹204.75 trillion, expanding ₹3.41 trillion (1.7 per cent) during the period. Deposits remained robust as well, rising 12.5 per cent Y-o-Y to ₹248.81 trillion, with a sequential increase of ₹3.82 trillion (1.6 per cent).The acceleration follows a relatively muted start to 2026, when credit growth had eased to 13.1 per cent in the fortnight ended January 15. The latest uptick brings growth back…

09 Feb

Paisalo Digital Q3: SBI Life Unchanged, FPIs Step Up Buying

editorFinance

SBI Life Insurance maintained its 6.83% stake in Paisalo Digital during the December 2025 quarter (Q3FY26), even as foreign portfolio investors (FPIs) raised their shareholding in the small-cap NBFC, according to the latest shareholding data.FPIs increased their stake to 20.89% from 20.08% in the previous quarter, signalling growing institutional interest in the stock. Retail participation also inched up, with investors’ stake rising to 12.57% on a quarter-on-quarter basis.Paisalo Digital reported a consolidated profit after tax of ₹66.3 crore for Q3FY26, marking a 6.6% year-on-year increase. Profit rose nearly 30% sequentially, supported by higher net interest income and steady loan growth.…

07 Feb

Kotak Mahindra Bank Denies Role in IDBI Bank Financial Bidding

editorFinance

Kotak Mahindra Bank on Saturday clarified that it has not submitted any financial bid in the ongoing strategic disinvestment process of IDBI Bank Ltd, responding to recent media reports that led to a sharp movement in its share price.In a regulatory filing, the private sector lender said the clarification was issued under Regulation 30(11) of the SEBI Listing Regulations, 2015, following news reports published on February 6, 2026. The bank noted that the disclosure was made after observing material movement in its stock price on the same day.“Kotak Mahindra Bank has not submitted a financial bid as part of the…

04 Dec

Indian stock market: things that changed for market overnight

Purbalee DuttaFinance

Indian equity benchmarks Sensex and Nifty 50 are likely to open lower on Thursday, weighed down by mixed global signals. Asian markets showed a patchy trend, while US indices closed higher overnight as expectations strengthened for a Federal Reserve rate cut next week. Investors will also closely monitor Russian President Vladimir Putin’s two-day visit to India beginning December 4, 2025, especially the outcomes of his meeting with Prime Minister Narendra Modi and any major defence agreements. On Wednesday, domestic markets slipped for a fourth consecutive session amid pressure from a weakening rupee. The Sensex dipped 31.46 points to 85,106.81, while…

07 Dec

ED conducted searches at seven places in Mumbai and Ahmedabad in a financial fraud case

Banasree SarkarFinanceED

The Enforcement Directorate (ED) conducted searches at seven places in Mumbai and Ahmedabad in a financial fraud case. The search operation began on Friday in a financial fraud case of Rs 196 crore. Suspicious financial transactions of more than Rs 100 crore were reported in Nashik Commercial Cooperative Bank. A complaint was filed at Malegaon Chawanni police station on November 7. It is alleged that more than Rs 100 crore has been deposited in 14 new accounts in Nashik Commercial Cooperative Bank. The ED received a complaint of illegal transactions. Based on that complaint, the ED started an investigation. On…

03 Aug

Sandip Sabharwal recommends buying 3 stocks in the auto sector

Banasree SarkarFinanceauto sector

The stock market had witnessed a remarkable rise in four consecutive sessions till Thursday. But that growth took a hit in the final trading session of the week. At the end of Friday's trading session, both the major indices of the market were seen in the red. However, a large section of investors still maintain a positive view of the investment. There are great opportunities to buy stocks in a number of sectors in the current fall in the stock market. In a recent interview with a news agency, expert Sandip Sabharwal advised investors to maintain a positive outlook on…

24 Jul

Check stock names before investing in a budget environment

Banasree SarkarFinancebudget

Union Finance Minister Nirmala Sitharaman said that up to 300 units of free electricity will be provided to 1 crore households every month under the Surya Ghar Muft Bijli Yojana in the budget. Solar power companies can benefit from this in this climate. So the share price of Tata Power, Adani Green, and Wari Energies may increase. Divyam Maure, research analyst at Samco Securities. Union Finance Minister Nirmala Sitharaman has announced an increase in the upper limit of currency loans from 10 lakhs to 20 lakhs in the budget. These loans are provided by government banks and microfinance institutions. According…

27 Dec

Adani family to invest ₹9,350 cr in Adani Green

Priyanka BhowmickBusiness, Economy, FinanceAdani Group, Business

Adani Green Energy (AGEL) on December 26 said its board of directors has approved a priority issuance of warrants to promoters for an amount of Rs 9,350 crore at Rs 1,480.75 per share. The funds will be used to reduce and accelerate capital expenditures, the company said. It added that AGEL is now fully equipped to achieve its target of 45 GW by 2030, with 20.6 GW of installed capacity, over 2,00,000 acres (equivalent to 40 GW of additional capacity) of secured land in India's resource-rich areas, and an additional equity infusion of Rs 9,350 crore which fully funds this…

29 Jul

Income Tax department raids Haier’s office premises

Priyanka BhowmickBusiness, Economy, Finance, India, North EastBusiness, india

The raids are linked to suspected "large-scale tax evasion," the same report said. The Chinese consumer durables company, which has a strong presence in India including refrigerators and washing machines, has set a target of Rs 6,000 crore in 2022 and Rs 10,000 crore in the next two years. In April, Satish NS, President, Haier India, said, "We have one of the largest manufacturing hubs for all domestic supplies in the country as well as expanding our export base. Product innovation and customer-centricity are rooted in the principles of our growth trajectory and so we are focused on bringing best-in-class…

05 Jan

Digital transformation of HDFC & Microsoft

Business CorrespondentFinance

HDFC Bank, India’s largest private sector bank, is partnering with Microsoft in the coming phase of its digital metamorphosis trip and unleashing business value by transubstantiating the operation portfolio, contemporizing the data geography and securing the enterprise with Microsoft Cloud. HDFC Bank as a part of its unborn Ready strategy is developing in house IPs as well as partnering with several companies including FinTechs ’ to co- produce technology IPs. HDFC Bank as a part of its unborn Ready strategy is developing in house IPs as well as partnering with several companies including FinTechs ’ to co- produce technology IPs.…