Non-food sector credit growth seen over 12%

The relatively better performance of the Indian economy with 7.6 per cent projected growth in FY24 -- compared to other major economies -- driven by strong investment growth and a rebound in industrial activity has led to sustained growth in long-term credit demand for sectors such as infrastructure, metals, iron and steel, food processing.

CAPEX, PVT INVESTMENT, STRONG MACROS PUT INDIA IN A BRIGHT PLACE IN FY25

India looks set to close an eventful financial year L2023-34 (FY2024) with the economy growing above 8 percent for three consecutive quarters, reaffirming her position as a standout performer amidst persistent geopolitical headwinds, and to continue on an ambitious trajectory with the estimated GDP growth revised upwards from 7.3 percent to 7.6 per cent for FY24 as underlined by the monthly economic review of the Finance Ministry (MER) for February, also the last review before the fiscal ends on 31 March.

MUMBAI ECONOMIC OFFENCES WING FREEZES 20 BANK ACCOUNTS IN INVESTMENT FRAUD PROBE

The Economic Offences Wing (EOW) of the city, currently investigating an investment fraud case, has taken action by freezing more than 20 bank accounts associated with the accused, Ambar Dalal, and his firm, Ritz Consultancy Services. Dalal stands accused of defrauding unsuspecting investors by collecting funds and failing to deliver promised profits.

Pune weather update: Mercury set to soar to 40 degrees

The IMD officials note that coastal areas generally experience milder temperatures due to the soothing sea breeze, but even Santacruz bas recorded high temperatures recently.

IT freezing Cong accounts unconstitutional, says Chavan; asks for people's contribution

Senior Congress leader Prithviraj Chavan on Friday said his party was unable to access funds for Lok Sabha poll campaign related expenses due to the \"freeze\" on accounts and asserted the Election Commission of India must intervene.

AAP ACCUSES MUMBAI POLICE OF HIGH-HANDEDNESS DURING PROTEST AGAINST KEJRIWAL'S ARREST

The Aam Aadmi Party on Friday accused the Mumbai police of high-handedness while they were protesting in the early hours against the arrest of Delhi Chief Minister Arvind Kejriwal by the Enforcement Directorate (ED).

CM SHINDE HOLDS LOK SABHA REVIEW MEETING WITH SHIV SENA CADRE IN MUMBAI

Maharashtra Chief Minster Eknath Shinde, on Thursday, conducted a Lok Sabha review meeting with the Shiv Sena party cadre in Mumbai's Worli.

J&K Wakfs Act 1978 overrides other laws

The Jammu and Kashmir and Ladakh High Court in the case Baldev Singh Vs State of Jammu & Kashmir observed and has ruled that the Jammu and Kashmir Wakfs Act, 1978 overrides all other laws when it comes to Wakf properties.

Karnataka High Court: Party Not Arrayed As Respondent In Compromise Decree Suit For Partition If Not Allotted Any Share

The Karnataka High Court in the case Mahesh ANDIshwar & Others observed and has held that a suit for partition filed by the plaintiff is maintainable if he was not impleaded as party respondent in the earlier suit wherein a compromise was arrived between the parties and the said court passed a decree without allocating any share in the property to the plaintiff.

Supreme Court: Director Not Responsible For Day-To-Day Affairs Of Company Cannot Be Held Liable For Cheque Dishonour | NI Act

The Supreme Court in the case Susela Padmavathy Amma vs. M/S. Bharti Airtel Limited observed that the Director of the company not responsible for its day-to-day affairs cannot be held liable for dishonor of cheque under the Negotiable Instruments Act, 1882.

WHAT DOES LAW SAY ABOUT KEJRIWAL CONTINUING AS DELHI CM EVEN AFTER ARREST?

Delhi Chief Minister, CM Arvind Kejriwal was arrested on March 21 after questioning by Enforcement Directorate, ED officials in connection with the excise policy case.

Prez Wickremesinghe releases 234 acres of land in Jaffna for agri̇ use

In a statement released on Friday, Sri Lankan President Ranil Wickremesinghe announced the release of 234 acres of land, previously held by the Jaffna Security Forces Headquarters, to farmers in the area.

JCB ensures convenient Tokyo tourism experience

JCB, Japan's premier international credit card, has positioned itself as a beacon of convenience for foreign tourists traversing the Tokyo Metropolitan Area.

UN General Assembly adopts 1st global AI resolution

The United Nations General Assembly (UNGA) has taken a significant step forward in the regulation and promotion of artificial intelligence (AI) systems with the unanimous adoption of a landmark resolution.

PAKISTAN'S PM CALLS FOR ANOTHER IMF BAILOUT. AMID ECONOMIC TURMOIL

The comments came a day after the IMF agreed to a staff-level agreement with Islamabad that, if approved by its board, would disburse the last tranche of $1.1 billion under an existing $3 billion standby arrangement.

NMDC Eyes Lithium Assets: Negotiating in Africa & Australia

Indian iron ore miner NMDC Ltd is actively pursuing lithium assets in Africa and Australia, with negotiations currently underway, according to a source familiar with the matter.

OYO blacklists hotel following allegations of flesh trade

Global hospitality technology platform OYO has permanently blacklisted and terminated its contract with Hotel Resort StayInn in Nagpur following allegations off Leshtrade.

Government rejects Hindustan Zinc's unit split proposal

The Indian government, Hindustan Zinc's largest minority shareholder, has rebuffed the miner's proposal to divide into separate units, citing doubts over its potential to enhance shareholder value, according to a government official.

INDIGO FORECASTS DECELERATED CAPACITY GROWTH IN THE COMING YEAR

IndiGo, India’s premier airline, anticipates a slowdown in capacity growth for the upcoming year , signaling a strategic shift in its expansion trajectory

Government boosts regional rural banks with Rs 6200 crore recapitalization plan

The Modi government has allocated a substantial sum of Rs 6212.03 crore to Regional Rural Banks (RRBs) as part of a recapitalization scheme, with the disbursement recorded as of March 6.

Funding winter hits India, Startup investors turn cautious after big losses

The enthusiasm of investors for Indian tech ventures appears to be waning as they adopt a more cautious approach and opt for smaller investments.

Over Rs 50,000 cr 'Made in India' Holi business expected as traders, consumers boycott Chinese goods

This year's Holi festivities are witnessing a significant shift towards 'Made in India' products, with traders and consumers actively boycotting goods manufactured in China.

INDIAN RAILWAYS COLLECTS RS 1,229 CR IN REVENUE FROM CANCELLED WAITING LIST TICKETS

Over the specified period, Indian Railways earned Rs 1,229.85 crore from over 128 million cancelled waiting list tickets, with notable increases in cancellations and revenue each year.

DGCA grounds Air India with Rs 80 lakh fine over pilot fatigue

The Directorate General of Civil Aviation (DGCA) has levied a hefty fine of Rs 80 lakh on Air India for breaching regulations concerning flight duty time limitations (FDTL) and fatigue management systems of flight crew members.

WhatsApp tipline launched to fight deepfakes in India

Ahead of the upcoming general elections in India, the Misinformation Combat Alliance (MCA) has announced the launch of a Deepfakes Analysis Unit (DAU) tipline on March 25.

Metro brands gets thumbs up from Goldman Sachs, Bata on watch

Goldman Sachs recently initiated coverage on Indian footwear companies Metro Brands Ltd and Bata India Ltd, expressing optimism about their growth prospects. c

INDIAN E-GAMING BOOMING, MARKET SET FOR 20% GROWTH, REACHING RS 231 BILLION BY 2025

India’s gaming market dominance includes 20% of global mobile game downloads in 2023 and forecasts a USD 6 billion online skill gaming market by 2028.

SC orders compensation for unlawful MBBS admission cancellation

The Supreme Court has directed the State of Maharashtra and a medical college to pay compensation of Rs. 1 lakh to a student who was unfairly denied admission to the MBBS (UG) course, causing him one year of distress.

Maharashtra Class 12 board exams conclude: Anticipated result date

The Maharashtra State Board of Secondary and Higher Secondary Education has recently wrapped up the class 12 board exams for the year 2024.

4 IN 5 GIG WORKERS WOULD RECOMMEND THEIR WORK OVER OTHER OPPORTUNITIES, SAYS IPSOS SURVEY

The staggering growth of gig economy platforms and the workers associated with it has brought into sharp focus several aspects of the future of work and now a 6-city-wide survey of gig workers has revealed, why gig work continues to work for millions of Indians. 84% of gig workers are satisfied with their experience of working in the gig economy, as per the Ipsos Survey.