BUSINESS
GST Rate Cut Likely to Boost Credit Growth for Banks and NBFCs: Report
The report further adds that credit from NBFCs (excluding infrastructure-oriented entities) will increase by 15-17 per cent in the ongoing fiscal year, marginally lower than 17 per cent in FY2025.
Fitch Raises India’s FY26 Growth to 6.9% Driven by Strong Demand and Investment
In the wake of a robust Q2 2025 growth of 7.8 per cent, Fitch has revised its forecast for the fiscal year to March 2026 (FY26) upward from 6.5 per cent in June to 6.9 per cent.
Sensex and Nifty Surge on Encouraging India-US Trade Talks
US President Donald Trump’s efforts to strengthen India-US relations, along with Prime Minister Narendra Modi’s favorable response, provided a supportive signal for the Indian market.
Jefferies Sees India as Prime for Sustained Long-Term Growth
The research, drawn up by brokerage firm Jefferies globally, points out that small- and mid-cap stocks, especially, offer major growth opportunity, while large-cap stocks exhibit relatively modest upside.
GST 2.0 Rollout Accelerates Mass Consumption and Formalisation Trend: Report
In its latest report, Emkay Global Financial Services pointed out that robust macro conditions still support elevated valuations in the sector, even if tangible growth momentum is still pending.
New US Immigration Bill Puts Green Card Holders at Risk of Deportation
The US House of Representatives just approved legislation calling for the automatic deportation of illegal immigrants convicted of DUI. According to the pending law, foreigners—such as Green card holders—convicted of a DUI, even if considered a misdemeanor, would be detained and deported.
Growing Global Demand for Indian Exports May Offset Impact of US Tariffs
While the US continues to be India's leading export country, all of its major products being exported there are also being shipped to more than 15 other significant global markets during the last three financial years, the European Times reports.
SpiceJet Shares Slide Over 5% After Weak Q1 Earnings
For the quarter ended June, the airline fell into the red, logging a consolidated net loss of ₹234 crore. Standalone-wise, the loss at ₹235.08 crore was a far cry from the net profit of ₹158.18 crore logged during the same quarter of the previous year.
Indian businesses log $11.4 billion in M&A deals in August, the highest since June 2022: Report
Grant Thornton Bharat pointed out that two significant cross-border deals controlled the deal value for the month. Schneider Electric bought a 35 per cent interest in Schneider Electric India for $6.4 billion, and Tata Motors made an outbound purchase of Iveco S.P.A. for $3.8 billion. Combined, they contributed to almost 90 per cent of the aggregate M&A value.
Amid global uncertainties, gold jumps over ₹6,000 and silver rises ₹10,000 in just 30 days
The situation in Ukraine and Gaza as well as trade-related tensions induced by American President Donald Trump's tariff actions against nations like India, Brazil, and Russia have contributed to the worldwide uncertainty that has spawned the increase.
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