MUMBAI: India’s retail credit market is showing a widening gap between the number of borrowers being added and the value of loans being accumulated, with consumer durable loans driving new borrower acquisition, while home and gold loans account for much of the portfolio growth.According to credit bureau CRIF’s ‘How India Lends’ report, gold loan outstandings…
Karnataka chief minister D K Shivakumar BENGALURU: Karnataka chief minister DK Shivakumar Friday declared a war on illegal firearms in Karnataka’s forests, offering amnesty to those surrendering arms by Nov 1 and warned others of punitive action.The directive comes nearly a month after an encounter with alleged poachers near Hanur and seizure of a cache…
MUMBAI: NPCI Bharat BillPay has proposed a centralised digital infrastructure to connect invoices, payments, reconciliation and financing, to fix the biggest constraints faced by MSMEs – the difficulty of turning sales into cash and cash flows into credit. The system could help address the MSME sector’s Rs 60 lakh crore formal credit gap, while reducing…
PM Modi will fellow Brics leaders in New Delhi NEW DELHI: Noting that the Brics grouping now represents 50% of the global population, 40% of GDP, and 25% of trade, PM Narendra Modi said Friday that their collective economic might has grown at nearly double the global pace since the bloc was formed in 2006,…
Pierce Brosnan and Keely Shaye Smith are preparing to leave their lavish Malibu compound. (Photo: Shutterstock/Mike Helfrich) Former James Bond star Pierce Brosnan and his wife Keely Shaye Smith are preparing to leave their lavish Malibu compound after 26 years, with the actor admitting that repeated wildfire threats, the cost of maintaining the estate and…
Mbappé addresses viral dictator memes and a bizarre nickname, admitting the comparisons leave him with mixed feelings/ Image: AP, X Kylian Mbappé has never been short of attention, but a strange social-media trend surrounding the France and Real Madrid star has taken his fame in a direction he would rather not embrace. Images of Mbappé…
Wall Street inches higher as oil prices ease, inflation data calms markets US stocks moved higher on Friday as a retreat in oil prices helped ease some of the pressure on markets, and fresh inflation data came broadly in line with expectations.The S&P 500 gained 1%, putting the index on course to end a four-day…
India’s FTA with the EU will offer European automakers concessional tariffs on passenger vehicles, with annual quotas rising to 1.6 lakh, alongside tariff concessions on wines and select agricultural products. European carmakers will get a significantly wider opening to India’s passenger vehicle market under the proposed India-EU free trade agreement, with the draft pact released…
PM Modi and Xi Jinping last met in China’s Tianjin in September 2025 NEW DELHI: Ahead of Chinese President Xi Jinping’s arrival in New Delhi for the ongoing Brics Summit, Chinese Ambassador to India Xu Feihong said on Friday that China will work with India to ensure the two countries remain “friends enjoying good-neighbourliness and…
Filmmaker Sandeep Reddy Vanga’s brother and producer Pranay Reddy Vanga backed the romance drama ‘Romanchakam’, which received mixed-to-average reviews following its theatrical release on September 3. While the makers have now shifted their focus to Sandeep Reddy Vanga’s upcoming action drama ‘Spirit’, starring Prabhas, Pranay has issued a challenge to the film’s reviewers. Pranay Reddy…
