Folk singer Sinha and noted Malayalam screenwriter-director M T Vasudevan Nair have been posthumously honoured with Padma Vibhushan, the second highest civilian award for exceptional and distinguished service.
Author: BNW News
President Murmu supports ‘One Nation One Election’
Highlighting the significance of the proposed bill aimed at synchronising election schedules across the country, Murmu noted, “The ‘One Nation One Election’ plan can offer numerous benefits, including enhanced governance and reduced financial strain.”
ICICI Bank Q3 Results: Net Profit Rises 15% to Rs 11,792 Crore
ICICI Bank, India’s second-largest private sector lender, reported a robust performance for the third quarter of fiscal year 2025, with net profit rising 15% year-on-year to Rs 11,792 crore. The bank had…
Maharashtra’s First Renewable Solar Park to be launched by HMPL
Chhatrapati Shivaji Maharaj Saur Urja Park’ at Solapur with 1.2 GW capacity to take India closer to meeting Green Energy Goals
RBI to Conduct Daily VRR Auction; ₹2 Lakh Crore Notified for January 27
This move follows the announcement made on January 15, 2025, as per the Press Release 2024-2025/1933.
RBI Innovation Hub Invites Applications for CEO Position
The CEO will be responsible for developing and delivering cutting-edge digital public goods, leveraging frontier technologies, and spearheading initiatives that prioritize financial inclusion and consumer protection. The role also involves forging strategic alliances with startups, banks, academia, global innovation hubs, and regulators, while ensuring the timely execution of key projects.
Stock markets snap two-day rally; Realty, healthcare stocks drag
The 30-share BSE benchmark dropped 329.92 points or 0.43 per cent to settle at 76,190.46. During the day, it slumped 428.63 points or 0.56 per cent to 76,091.75
AU Small Finance Bank Q3 profit surges 41pc to 528 cr
The total income of the bank increased to Rs 4,732 crore during the quarter under review against Rs 3,186 crore in the same period last year, AU Small Finance Bank said in a regulatory filing.
60.82% of equity MFs outperform respective benchmarks in December’24,finds study
The report highlighted that a total of 177 funds managed to outperform their benchmarks in the month ending December 31, 2024. Among the different categories, Flexi Cap Funds emerged as the top performers, with an impressive 79.49% of schemes exceeding their benchmarks. Following closely were Large Cap Funds and Multi Cap Funds, which saw 71.88% and 71.43% of their schemes outperforming the benchmarks respectively during the same period.
Fitch Ratings Warns of Challenges Ahead for Non-Bank Financial Institutions in India
After reaching a peak of 18% in loan growth in the financial year ending March 2024 (FY24), sector growth is showing signs of moderation. Credit growth for NBFIs, excluding housing finance companies, has slowed to 6.6% between March and September 2024. This deceleration is partly attributed to the country’s softer economic conditions, resulting in Fitch’s downward revision of its FY25 GDP growth forecast to 6.4% from a previous 7.0%. However, the agency does not anticipate a prolonged economic downturn, maintaining its FY26 GDP growth estimate at 6.5%.