Author: NNI Editor

Bank credit this fiscal is expected to grow 100-200 basis points (bps) to 12-13% as compared with 11-11.5% estimated for fiscal 2025, given three tailwinds, Crisil Ratings said in a report.These include recent supportive regulatory measures, a boost to consumption from tax cuts, and softer interest rates, it added. Subha Sri Narayanan, Director, Crisil Ratings, said, “Credit growth in the corporate sector, which accounts for 41% of bank loans, is expected to be 9-10%, compared with 8% estimated for fiscal 2025, as lending to NBFCs, one of the largest sub-segments of corporate credit (18%2) and a key contributor to growth prior to…

The International Energy Agency (IEA) on Tuesday (April 15, 2025) sharply cut its forecast for the growth in global oil demand this year due to escalating trade tensions, a day after a similar move by producer group OPEC.“The deteriorating outlook for the global economy amid the sudden sharp escalation in trade tensions in early April has prompted a downgrade to our forecast for oil demand growth this year,” the IEA, which advises industrialised countries, said in a monthly report.”Growth is expected to slow further in 2026, to 690,000 bpd, as lower oil prices only partly offset the weaker economic environment.”…

Indian automobile industry domestic sales in FY25 grew 7.3% to 2,56,07,391 units compared with 2,38,57,411 units in FY24, while exports rose 19.2%, reflecting strong global demand, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday. “The performance was driven by healthy demand, infrastructure investments, supportive government policies, and continued emphasis on sustainable mobility. Sound economic policies and positive market sentiment helped in maintaining growth,” SIAM said in a statement.  During the financial year, passenger vehicles (PV) posted the highest ever sales of 43 lakh units, a growth of 2% over the previous year.The high base effect of…

With buying momentum, Indian frontline indices on Tuesday surged over 2% led by buying in banking and auto stocks.The S&P BSE Sensex gained 1,578 points, or 2.10%, to 76,735 points led by IndusInd Bank (6.84), Tata Motors (4.50%), L&T (4.50%), Axis Bank (4.18%), Adani Ports (4.02%) and HDFC Bank (3.23%).While the BSE Midcap index gained 3.03%, the BSE Smallcap had risen 3.21%.The NSE Nifty-50 index too surged 500 points, or 2.19%, to 23,329 points.“It was yet another gap-up opening for the markets, where Nifty opened by 540 points. After a strong opening, Nifty managed to sustain at a higher level.…

The consumer food price inflation was at a three year low of 2.7% in March from 3.75% in the previous month, according to official data. | Photo Credit: The Hindu Retail inflation eased to a 5.5 year-low of 3.34% in March 2025, from 3.61% in the previous month, mostly attributable to lower food prices, according to data from the Ministry of Statistics and Programme Implementation.The Consumer Price Inflation (CPI) was significantly lower than the Reuters estimate of 3.6%.The slowing prices comes following two consecutive repo rate — the rate at which banks borrow from the RBI — cuts of 25…

Imports increased by 11.3% year-on-year to $63.51 billion in March. File | Photo Credit: Vipin Chandran India’s exports grew marginally by 0.7 % to $41.97 billion in March, while the trade deficit stood at $21.54 billion in the month, the latest government data showed on Tuesday (April 15, 2025).Imports increased by 11.3% year-on-year to $63.51 billion in March, according to the data released by the Commerce Ministry data. Editorial | ​High base effect: On a shrinking trade deficit, rising exportsCumulatively, during the 2024-25 fiscal year (April-March), the country’s exports moved up a tad by 0.08% to $437.42 billion, while imports…

File picture of a screen displaying the logo for Boeing on the floor at the New York Stock Exchange (NYSE) in New York City | Photo Credit: Reuters China has told its airlines to stop taking deliveries of jets from American aviation giant Boeing, a report said Tuesday (April 15, 2025), as a trade war between Beijing and Washington deepens.Since U.S. President Donald Trump took office in January, the world’s two biggest economies have been locked in a tit-for-tat tariff war, with the U.S. now charging levies of up to 145% on imports from China.Beijing has reacted furiously to what…

Image used for representational purpose. | Photo Credit: K. Murali Kumar Wholesale price inflation eased to 2.05% in March, as against 2.38% in February, government data showed on Tuesday (April 15, 2025).The wholesale price index (WPI) based inflation, however, rose year-on-year. It was 0.26% in March 2024.”Positive rate of inflation in March, 2025 is primarily due to increase in prices of manufacture of food products, other manufacturing, food articles, electricity and manufacture of textiles etc,” the industry ministry said in a statement.As per the WPI data, food inflation eased to 1.57% in March, from 3.38% in February, with vegetables seeing…

Image used for representation purpose only. A paper studying national accounts — and sampling asset disclosures by Lok Sabha MPs — found rich Indians are likely under-reporting their income, raising the possibility that income inequality in India is starker than previous studies may have indicated. The paper by Delhi School of Economics director Ram Singh finds that “the wealthier a household is, the smaller the income it reports relative to its wealth”.It is not uncommon for affluent individuals’ wealth, such as fixed assets and long-term capital investments, to relatively outgrow their income.But data from the national accounts, income tax statistics…

The service was originally launched as seller app earlier this year [File] | Photo Credit: SRINATH M Food delivery service provider Swiggy is diversifying its offering with a platform that lets people find professional freelancers. Through the new Pyng app, users can find verified professional freelancers across several specializations. Pyng uses AI to make access to verified professional more efficient and dependable. “As our lives become increasingly fast-paced, the demand for professional assistance — from tax planners and counsellors to yoga trainers — is growing across both personal and professional spheres,” Nandan Reddy, co-founder and head of innovation at Swiggy, said…