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Financial Express Lucknow

Fraud-hit IndusInd Bank doing well now, says Malhotra

RESERVE BANK GOVERNOR Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is \"doing well\" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a \"good enough\" step from an accountability perspective.

1 min  |

June 07, 2025

Financial Express Lucknow

India, Italy to set up working groups on space, automobiles

INDIA AND ITALY have agreed to establish joint working groups on the automobile and space sectors, and work together in emerging areas such as green hydrogen and biofuels.

1 min  |

June 07, 2025

Financial Express Lucknow

Carney Invites Modi to G7 Summit

In a diplomatic outreach towards mending bilateral ties after a year-and-a-half of acrimony and hostility, Canadian Prime Minister Mark Carney Friday invited Prime Minister Narendra Modi to the G7 Summit on June 15-17.

1 min  |

June 07, 2025

Financial Express Lucknow

Repo rate, CRR see deep cuts

IT IS EXPECTED to help banks during the festival period when the demand for loans skyrockets.

1 min  |

June 07, 2025

Financial Express Lucknow

Trump Is Not Interested in Talking to Musk: White House

US President Donald Trump is not interested in talking with his former ally Elon Musk, amid a bitter feud over the president's sweeping tax-cut bill, a White House official said, adding that no phone call between the two men is planned for the day.

1 min  |

June 07, 2025

Financial Express Lucknow

Judge Halts Trump Ban on Harvard Students

A FEDERAL JUDGE late on Thursday temporarily blocked a proclamation by President Trump that banned foreign students from entering the US to attend Harvard University.

1 min  |

June 07, 2025

Financial Express Lucknow

China rejects Sona Comstar's rare earth magnets imports

Auto component industry explores diplomatic ways

2 min  |

June 07, 2025

Financial Express Lucknow

Transmission Faster This Time: Guv

The monetary policy transmission happened much faster this time compared to previous occasions, RBI governor Sanjay Malhotra said in the post-policy press conference, emphasizing on faster pass-through.

1 min  |

June 07, 2025

Financial Express Lucknow

Russian Crude Flow to Stay at Near Record

India's imports of Russian crude oil in June are on track to reach 2.0 million barrels per day, sustaining a strong upward trend supported by significant pricing advantages despite ongoing US sanctions, according to global real-time data and analytics provider Kpler.

2 min  |

June 07, 2025

Financial Express Lucknow

Easing into the hot seat

Quiet, focused, and deeply reserved, Venu prefers to let his work—and the company's products—do the talking

3 min  |

June 07, 2025

Financial Express Lucknow

No credit appraisal for small gold loans

IN ADDITION, MORE clarity has been provided for gold ownership documents. If one does not have an invoice of the collateral, then a self-declaration can be given.

1 min  |

June 07, 2025

Financial Express Lucknow

May PV sales lowest since Dec

Entry-level segment remains the worst hit

2 min  |

June 07, 2025

Financial Express Lucknow

Oyo Plans to Double Serviced Hotel Count

TRAVEL-TECH FIRM Oyo is doubling down on its fast-growing company-serviced hotel model in India, aiming to increase its share of booking revenue from this segment from the current 22% to 44% in this financial year.

1 min  |

June 07, 2025

Financial Express Lucknow

PMO Holds Meeting for Creating India's Big 4

Competing Globally

1 min  |

June 07, 2025

Financial Express Lucknow

FPI holding in BSE 200 falls in Q4

The net ownership of foreign portfolio investors (FPI) in BSE 200 companies decreased to 20.2% in the March quarter, from 20.4% in the December quarter, while that of domestic institutions such as mutual funds increased from 16.9% to 17.5%, data released by Kotak Research on Thursday showed.

1 min  |

June 06, 2025

Financial Express Lucknow

Nagaraju Writes to Chief Secretaries, Urges Them to Protect Bank Staff

FINANCIAL SERVICES SECRETARY M Nagaraju has asked chief secretaries of all states to protect bank staff and ensure uninterrupted public access to banking.

1 min  |

June 06, 2025

Financial Express Lucknow

MDR Fee on UPI Coming

THE PAYMENTS COUNCIL of India (PCI), an industry body representing 180 members, said the subsidy was insufficient against the annual estimated cost of ₹10,000 crore for maintaining and expanding the digital payments ecosystem.

1 min  |

June 06, 2025

Financial Express Lucknow

ASK Group readies IPO plans, could be valued at $1.2 bn

Blackstone-owned ASK Group, one of India's largest asset and wealth management companies, is in discussion with investment bankers to file for an initial public offering (IPO), said multiple sources.

1 min  |

June 06, 2025

Financial Express Lucknow

We have a launch pipeline of 15 mn sq ft for FY26

While peers such as Prestige Estates and Puravankara are expanding across India, Bengaluru-based Brigade Enterprises is staying focused on its core markets in South India, including Bengaluru, Chennai, and others.

2 min  |

June 06, 2025

Financial Express Lucknow

Fee income rescues banks

Top 10 lenders earn nearly one-fifth of incomes from fees

2 min  |

June 06, 2025

Financial Express Lucknow

Wheat Procurement at 30 MT, Highest in 4 Years

Quantity bought from key producing states up 13% y-o-y

1 min  |

June 06, 2025

Financial Express Lucknow

Snitch targets ₹900-cr revenue in FY26

FAST FASHION D2C startup Snitch is expecting its revenue to rise 80% and touch ₹900 crore in FY26, as compared to around ₹500 crore in FY25, according to its founder & CEO Siddharth Dungarwal.

1 min  |

June 06, 2025

Financial Express Lucknow

Riju Ravindran in NCLT for GLAS Trust's exit from CoC

RIJU RAVINDRAN, CO-FOUNDER and former promoter of Think and Learn, which owns debt-ridden edtech firm Byju's, has moved insolvency tribunal NCLT for removal of GLAS Trust as the financial creditor and from its Committee of Creditors.

1 min  |

June 06, 2025

Financial Express Lucknow

Trump bars entry for 12 nations

US PRESIDENT DONALD Trump signed a proclamation on Wednesday banning the citizens of 12 countries from entering the U.S., saying the move was needed to protect against \"foreign terrorists\" and other security threats.

1 min  |

June 06, 2025

Financial Express Lucknow

Quick Commerce Grabs Bigger Slice of Retail Share: Kearney

While quick commerce platforms are generating 6-8% purely incremental consumption, the rest of their sales are coming at the expense of modern trade and e-commerce, followed by general trade outlets or kiranas, according to a report by global consulting firm Kearney.

1 min  |

June 06, 2025

Financial Express Lucknow

US Trade Deficit Plummets in April

THE US TRADE deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.

2 min  |

June 06, 2025

Financial Express Lucknow

The Collateral Damage of Carpet Bombing

EXPERTS CALL FOR AD FREQUENCY MANAGEMENT TO AVOID OVERKILL

3 min  |

June 06, 2025

Financial Express Lucknow

White Collar Hiring Up 22% in May

WHITE-COLLAR HIRING IN India went up 22% in May, mainly fueled by the surge in recruitment in the consumer electronics sector, according to a report on Thursday.

1 min  |

June 06, 2025

Financial Express Lucknow

Agri yield may dip 25% due to climate change

INDIA'S AGRICULTURE SECTOR could face up to 25% yield losses due to climate-related disruptions, according to a new report by a farmers' body.

1 min  |

June 06, 2025

Financial Express Lucknow

Active Covid cases near 5,000, seven new deaths reported

ACTIVE COVID-19 CASES have increased to 4,866 in India and seven deaths have been reported in the last 24 hours till 8 am on Thursday, according to the ministry of health and family welfare.

1 min  |

June 06, 2025