Search result for 'wedges'

Bengaluru startup Flying Wedge unveils India's first indigenous MALE autonomous combat aircraft, Kaala Bhairav. Export order secured.

A Singapore Airlines A380 aircraft rolled back at Delhi airport after parking, causing a minor injury to a cabin crew member. The plane was safely towed back to its designated parking bay.

India's banking system is poised for improved asset quality, with GNPAs expected to drop to 2.5% in FY25. However, Crisil flags concerns around unsecured loans and MFIs.

Slower deposit growth is pushing banks to raise funds from bonds, with an estimated Rs 1.3 lakh crore to be raised in FY25, according to a report by Icra. Public sector banks are expected to drive...

RBI Governor Shaktikanta Das voted to keep repo rate unchanged at 6.5%, citing concerns about high food inflation and slow disinflation. Two MPC members advocated for a rate cut.

RBI Deputy Governor M Rajeshwar Rao advocates for periodical revision of deposit insurance coverage limit, citing factors like deposit growth, inflation, and income levels.

SBI economists debunk the notion of trailing deposit growth, highlighting that overall deposits have outpaced credit since FY22. They argue that the shift in deposit preferences towards higher...

SBI Chairman Dinesh Khara believes discouraging retail F''O trading could help banks attract more deposits, addressing concerns over household savings being lost in speculative activities.

SBI MD Ashwini Tewari advocates for a CRR cut to help banks facing low deposit growth, citing the need for resources to fund economic activity. He highlights the pressure on banks due to the gap...

Union Bank of India's net profit rose 13.7% to ₹3,679 crore in Q1 FY24, but the bank flagged challenges on net interest margins due to higher deposit costs.

State Bank of India launches a 444-day term deposit offering up to 7.25% annual returns. This comes amid growing differences in credit and deposit growth within the banking system.

Care Ratings expects India's Union Budget 2024 to prioritize welfare schemes, incentivize deposit mobilization, and maintain high capital expenditure, aiming for a 5% fiscal deficit.

Ratlam-based Kataria Industries sets IPO price band at Rs 91-96 per share for its Rs 54.58 crore IPO, opening for subscription on July 16.

Uravi T and Wedge Lamps Ltd will acquire up to 55% stake in SKL (India) Pvt Ltd, a power systems and defense equipment maker, for around Rs 20 crore. This acquisition will expand Uravi's presence...

India's GDP grew 8.2% in FY24, outpacing other major economies. Economists lauded the performance, citing strong manufacturing and mining sectors.

India Ratings and Research expects the country's GDP growth rate to be 6.7 per cent in the March quarter and around 6.9-7 per cent for the 2023-24 fiscal, according to its principal economist Sunil...