Global markets also felt the pressure as investors reacted to the launch of DeepSeek, a Chinese startup’s free, open-source AI model, which is seen as a potential competitor to OpenAI’s ChatGPT. Additionally, the U.S. dollar gained strength after President Donald Trump imposed sanctions and tariffs on Colombia for refusing entry to military aircraft carrying deported migrants.
The CMI, a comprehensive measure of credit market health, declined to 100 in September 2024 from 103 in the same period last year. Although the indicator has remained above 100 since September 2022, the cooling demand and reduced supply have led to a continued moderation in retail credit growth
The capital infusion has been a critical component of the government’s strategy to revive the banking sector, which faced challenges due to rising NPAs and economic slowdowns. The funds have been utilized for provisioning against bad loans, supporting mergers, and meeting regulatory capital requirements.
The industry is hopeful that the government will announce a slew of measures to boost consumption by ensuring more money in the hands of people, boosting capital expenditure, giving relief to the housing sector and technological innovations.
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.
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, India’s second-largest private sector lender, reported a robust performance for the third quarter of fiscal year 2025, with
Chhatrapati Shivaji Maharaj Saur Urja Park’ at Solapur with 1.2 GW capacity to take India closer to meeting Green Energy Goals
This move follows the announcement made on January 15, 2025, as per the Press Release 2024-2025/1933.
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.