Credit Growth
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Mahindra Thar Range Records 30 Per Cent Hike In FY25: Roxx Effect?
Mahindra has registered a YoY sales growth of 20 percent in FY25, and the Thar is credited as a key contributor to the growth.
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Banks' Loan Growth Slows For 8th Straight Month In February: RBI Data
Loan growth at Indian banks moderated for an eighth straight month in February, central bank data showed on Thursday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India.
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Circle Says USDC Crosses $18 Trillion Lifetime Transactions Milestone
Circle announced that the circulation of the USDC stablecoin clocked a year-on-year growth of 78 percent. In its report, Circle credited the growing regulatory clarity and improved scalability of new blockchains that have accelerated the adoption of USDC.
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Adani Group Touts Financial Muscle, Shows Can Grow Without External Debt
Billionaire Gautam Adani's conglomerate on Monday touted the financial and credit details of its portfolio companies to investors, showcasing its robust profits and cash flows that can sustain growth without reliance on external debt.
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ZEE5 Reports Major Growth in Regional Language and Family-Friendly Content in 2024
In 2024, ZEE5 saw notable growth, particularly in regional languages and family-oriented content, which now accounts for 50% of its viewing. Chief Business Officer Manish Kalra credits the platform’s emphasis on culturally resonant, family-friendly narratives for this success. ZEE5’s increased reach into Tier II and III markets and a 25% rise i...
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Adani Group's Q1 FY25 Results Show Robust Growth Across Emerging Sectors
The Adani Group has released its Q1 FY25 Results and Credit Compendium, showcasing strong financial performance.
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India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
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Household Savings Likely To Rise In FY24: Report
Factors like retail credit push by banks and a greater appetite for borrowings have resulted in a rising proclivity for debt among the households, the CRISIL report said.
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Bhutan PM Credits India's Friendship, Support For His Country's Successful Journey
Bhutan has come a long way in its journey of balancing economic growth with environment protection and preservation of culture, and this journey has been by-and-large successful, Prime Minister Tshering Tobgay said on Saturday.
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India Poised For World-Beating Growth, Government Adviser Says
India's strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the Finance Ministry.
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Paytm Partners With SBI Card, NPCI to Launch RuPay Credit Cards: All Details
Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces to further d...
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'India Is at a Tipping Point,' Says CEO Tim Cook as Apple Stakes Future Growth on Emerging Markets
When Apple surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users.
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Mobikwik Turned Profitable in March Quarter as Credit Active Users Doubled
Fintech platform Mobikwik turned profitable in the March quarter and expects to almost double revenue to over Rs. 1,000 crore in the current fiscal along with full-year profitability, the company's co-founder Upasana Taku said. The company closed the 2022-23 financial year with a 39 percent net revenue growth at Rs. 560 crore.
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Indian Industry's Topline Growth In Q4FY23 To Halve To 10-12%: Report
India Inc is likely to report a halving of revenue growth in the fourth quarter of FY23, a credit rating agency said on Thursday, as companies start reporting their financials.
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Credit Card Outstanding Reaches All-Time High In January
As per the latest data of the Reserve Bank, the credit card outstanding has recorded a growth of over 20 per cent in the 10 months of the current fiscal.
-
Mahindra Thar Range Records 30 Per Cent Hike In FY25: Roxx Effect?
Mahindra has registered a YoY sales growth of 20 percent in FY25, and the Thar is credited as a key contributor to the growth.
-
Banks' Loan Growth Slows For 8th Straight Month In February: RBI Data
Loan growth at Indian banks moderated for an eighth straight month in February, central bank data showed on Thursday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India.
-
Circle Says USDC Crosses $18 Trillion Lifetime Transactions Milestone
Circle announced that the circulation of the USDC stablecoin clocked a year-on-year growth of 78 percent. In its report, Circle credited the growing regulatory clarity and improved scalability of new blockchains that have accelerated the adoption of USDC.
-
Adani Group Touts Financial Muscle, Shows Can Grow Without External Debt
Billionaire Gautam Adani's conglomerate on Monday touted the financial and credit details of its portfolio companies to investors, showcasing its robust profits and cash flows that can sustain growth without reliance on external debt.
-
ZEE5 Reports Major Growth in Regional Language and Family-Friendly Content in 2024
In 2024, ZEE5 saw notable growth, particularly in regional languages and family-oriented content, which now accounts for 50% of its viewing. Chief Business Officer Manish Kalra credits the platform’s emphasis on culturally resonant, family-friendly narratives for this success. ZEE5’s increased reach into Tier II and III markets and a 25% rise i...
-
Adani Group's Q1 FY25 Results Show Robust Growth Across Emerging Sectors
The Adani Group has released its Q1 FY25 Results and Credit Compendium, showcasing strong financial performance.
-
India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
-
Household Savings Likely To Rise In FY24: Report
Factors like retail credit push by banks and a greater appetite for borrowings have resulted in a rising proclivity for debt among the households, the CRISIL report said.
-
Bhutan PM Credits India's Friendship, Support For His Country's Successful Journey
Bhutan has come a long way in its journey of balancing economic growth with environment protection and preservation of culture, and this journey has been by-and-large successful, Prime Minister Tshering Tobgay said on Saturday.
-
India Poised For World-Beating Growth, Government Adviser Says
India's strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the Finance Ministry.
-
Paytm Partners With SBI Card, NPCI to Launch RuPay Credit Cards: All Details
Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network. The Paytm and SBI Card partnership, which began in 2020, is now expanding with the addition of National Payments Corporation of India's RuPay, as all three home-grown brands join forces to further d...
-
'India Is at a Tipping Point,' Says CEO Tim Cook as Apple Stakes Future Growth on Emerging Markets
When Apple surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users.
-
Mobikwik Turned Profitable in March Quarter as Credit Active Users Doubled
Fintech platform Mobikwik turned profitable in the March quarter and expects to almost double revenue to over Rs. 1,000 crore in the current fiscal along with full-year profitability, the company's co-founder Upasana Taku said. The company closed the 2022-23 financial year with a 39 percent net revenue growth at Rs. 560 crore.
-
Indian Industry's Topline Growth In Q4FY23 To Halve To 10-12%: Report
India Inc is likely to report a halving of revenue growth in the fourth quarter of FY23, a credit rating agency said on Thursday, as companies start reporting their financials.
-
Credit Card Outstanding Reaches All-Time High In January
As per the latest data of the Reserve Bank, the credit card outstanding has recorded a growth of over 20 per cent in the 10 months of the current fiscal.
