Indian Banks Levy Rs 7,100 Crore in Minimum Balance Penalties in FY26, Private Lenders Lead Charge
Indian banks collected Rs 7,100 crore in minimum balance penalties during FY26, with private banks, notably HDFC Bank, contributing the most. This contrasts with ten public sector banks that have discontinued such charges, sparking debate on banking…
E20 Fuel Compatibility: Gadkari Addresses BS-III Vehicle Concerns Amidst Ethanol Blending Push
Union Minister Nitin Gadkari addressed E20 fuel impacts, stating no major performance issues for most vehicles, including BS-VI. However, some BS-III vehicles may require rubber part replacements for compatibility. This update comes amidst India's push…
India’s Gold Loan Surge: Larger Ticket Sizes and a Strategic Shift from Unsecured Lending Fueling Growth
Gold loans are surging in India, driven by existing borrowers taking larger sums and a notable shift away from unsecured credit. This trend highlights a growing preference for secured financing options, with NBFCs playing a key role.
West Asia Conflict Casts Shadow on Indian Exports: Exporters Grapple with Uncertainty and Rising Costs
Indian exporters grapple with rising logistics costs and order uncertainty due to the West Asia crisis. Commerce Minister Piyush Goyal is engaging with industry bodies to address these impacts, even as India's merchandise exports show robust growth.
Global Oil Prices Retreat Despite Escalating Middle East Tensions: Supply Routes Hold Strong
Global crude oil prices saw a dip on Thursday, reversing recent gains, as shipping data confirmed continued supply flows from the Middle East despite escalating regional conflicts and threats to Red Sea shipping.
European Football Giants Threaten World Cup Boycott Over FIFA’s $20 Billion Commercial Deal
European football giants, led by UEFA, are threatening a World Cup boycott over FIFA's controversial $20 billion plan to sell a stake in a new commercial subsidiary. Concerns over transparency and governance clash with FIFA's promise of $10 billion in…
India’s Smartphone Export Boom: Q1 Sees Remarkable 23% Growth to $9.8 Billion
India's smartphone exports soared by 23% to an impressive $9.8 billion in the first quarter, highlighting the nation's growing prowess in electronics manufacturing. This surge underscores the success of 'Make in India' and PLI schemes, positioning India…
IPL’s Economic Powerhouse: Surpassing $20 Billion, Royal Challengers Bengaluru Leads Brand Value
The Indian Premier League's business value has soared past $20 billion, with Royal Challengers Bengaluru emerging as the top brand, valued over $300 million. This milestone highlights the league's immense growth, strong investment appeal, and the power…
Lionel Messi’s Ironclad Rule: Hollywood Stars Reveal Star’s Strict Commercial Set Protocol
Hollywood stars Will Ferrell and Steve Carell unveil Lionel Messi's surprisingly strict 30-minute rule for commercial shoots, highlighting the football legend's unwavering discipline and meticulous time management amidst his global commitments.
Generative AI’s Impact on India’s Workforce: A Transformative Shift Cushioned by GCCs
Generative AI is poised to transform India's labor market, automating tasks and augmenting jobs. Global Capability Centers (GCCs) are expected to significantly cushion the employment impact, steering the workforce towards higher-value roles and fostering…