Understanding how lenders evaluate applications can help you improve your chances of accessing formal credit. (AI image) Getting your first loan or credit card can often be a challenge. Your lack of credit history makes it difficult for lenders to assess your creditworthiness, which essentially means banks and NBFCs have no historic data around your…
NEW DELHI: LPG sales in May declined by over 19% year-on-year, while petrol and diesel consumption grew 2.8% and 1%, respectively, govt data has revealed.Consumption of aviation fuel registered year-on-year decline of 0.8% in the month.Provisional data from Petroleum Planning and Analysis Cell showed that LPG sales fell to 2.1 million tonnes (MT) in May…
India’s economy has remained resilient despite geopolitical tensions, supply-chain disruptions and volatile commodity prices, supported by strong industrial and services activity, broad-based demand and improving corporate performance, RBI Deputy Governor Swaminathan J said.In a speech at the School of International and Public Affairs (SIPA), Columbia University, the Deputy Governor said inflation remains within the Reserve…
New Delhi: Emerging requirements of grid stability amid India’s growing electricity demand, large-scale renewable energy integration, and the increasing share of inverter-based generation resources and bulk loads were discussed in a meeting of the parliamentary consultative committee of the ministry of power on Tuesday.Chaired by Union power minister Manohar Lal, the meeting stressed the need…
New Delhi: Coal gasification has so far saved Rs 28,000 crore in foreign exchange by reducing reliance on imported oil, methanol and ammonia, govt said recently as it prepares to launch the second phase of the programme.At a recent meeting with investors, coal ministry said the first phase of scheme, launched in 2023-24, had mobilised…
Rising oil prices and renewed tensions involving Iran weighed on US equities on Wednesday, but Wall Street remained close to record levels as investors continued to bet on a potential reopening of the Strait of Hormuz and drew support from strong corporate earnings.The S&P 500 slipped 0.2% from its all-time high, while the Dow Jones…
Ford Motor Co. is recalling nearly 4.2 lakh vehicles in the US due to a seat belt issue that could increase the risk of injury in the event of a crash, AP reported citing National Highway Traffic Safety Administration (NHTSA).The recall covers certain Ford Expedition and Lincoln Navigator vehicles from model years 2018 through 2022.According…
Just a day after helping power a sharp rebound in technology stocks, Tata Consultancy Services (TCS) turned into one of Dalal Street’s biggest losers on Wednesday, with the stock plunging more than 8% in its steepest single-day decline since the Covid-driven market crash of March 2020.The sell-off erased the gains accumulated during the recent rally…
Vikram Sahu, India CEO and Country Executive, Bank of America, hosted the bank’s investor conference in India with foreign institutional investor participation rising 20% from the previous year. According to Sahu, despite the short-term challenges interest in India remains undiminished.Q. With the monetary policy committee meeting around the corner what do you expect from the…
India and the US are working to resolve the remaining sticking points in their proposed trade agreement and are hopeful of finalising the pact within the next several weeks, US envoy to India Sergio Gor said on Wednesday.Speaking at Citi’s 2026 India Conference, Gor said a US trade delegation is currently in India negotiating the…
