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India sees Bangladesh as a "close and valued neighbour" with rapidly growing capabilities. For India, Bangladesh is the converging point of its "Neighbourhood First" and "Act East" policies besides the SAGAR (Security and Growth for All in the Regio...

"PSB Gaurav Bachat SB Salary account is exclusively designed to cater to the distinct banking requirement of serving and retired personnels. The product is also strategically aimed to tap Agniveers enrolled in the Agnipath scheme, ensuring a compreh...

Shikhar Aggarwal, Joint MD, BLS International Services talks about inclusion in Nifty tourism index, synergies from buying stake in Aadifidelis Solutions and more. Aggarwal also discusses the major contract renewals which are expected in the next si...

Stocks to buy: Out of 304 companies, where estimates are compiled by a minimum of three analysts through Reuters-Refinitiv, 50 stocks have consistently surpassed analysts’ net profit estimates in all four quarters of 2023-24. This group of 50 stocks...

The past decade in India has seen significant transformations in infrastructure, economic reforms, and digitization, laying the groundwork for sustained growth. The challenge for the new government is to maintain an 8%-plus growth rate and increase ...

The growth of unsecured credit in India, including personal loans and credit card outstanding, slowed to 18% in April from 23% in November 2023. The Reserve Bank of India's risk weighting on such exposures aims to reduce delinquencies in the banking...

Apple's first-quarter revenue fell due to laggard sales in China, but CEO Tim Cook sees growth returning in the current quarter. This and more in today’s ETtech Top 5.

Sri Lanka has leased its underutilized Mattala Rajapaksa International Airport, built with Chinese loans, to a joint venture between India's Shaurya Aeronautics and Russia's Airports of Regions Management Company for 30 years. The airport, plagued b...

V Vaidyanathan of IDFC First Bank gifts 7 lakh shares worth Rs 5.5 crore to individuals, including an Air Force veteran and a child who lost his parent. The banker, who owns around 1% stake in the private sector lender, has so far gifted around Rs 8...

Congress accuses Modi govt of prioritizing rich industrialists over the poor. Jamnagar airport upgraded for wedding guests of Mukesh Ambani's son. Rail passengers face price hikes, loss of concessions. Industrialist Mukesh Ambani's son's wedding in ...

Tata Group-owned Air India refinanced short-term loans with SBI and Bank of Baroda for three years. The Rs 19,000 crore term loan will finance working capital needs and aircraft fleet upgrades. The conglomerate's strong credit profile enabled access...

According to the Budget document, the money earmarked for the regulators -- DGCA and BCAS -- have been reduced for 2024-25. The budgetary allocation for the Directorate General of Civil Aviation (DGCA) will be Rs 302.64 crore and for the Bureau of C...

In 2023, notable court developments in Mumbai included the judicial custody of Jet Airways founder Naresh Goyal in a loan fraud case, the granting of bail to two accused in the 2018 Elgar Parishad-Maoists links case, and actor Sooraj Pancholi's acqu...

Sumitomo Mitsui Banking Corporation (SMBC), Japan's second-largest bank, closed a $120 million aircraft financing loan for Air India to acquire an Airbus A350-900. The transaction, facilitated by SMBC Singapore branch and Air India's subsidiary in G...

Indian companies are set to borrow more than $25 billion abroad this year, trumping the $19 billion raised in 2022, according to a top HSBC executive. The UK-headquartered bank has emerged as the No. 1arranger of foreign currency loans this year acr...

Reliance Jio has secured a loan of about $2 billion, one of India's largest offshore loans in FY24. The loan, arranged by HSBC, will be used to fund the purchase of 5G network equipment from Nokia. Finnish export credit agency Finnvera is believed t...

Mumbai-based HDFC Bank is converting about 530 offices that previously specialized in mortgages into ones with fully-fledged banking services in the coming months, said Kaizad Bharucha, the company's deputy managing director. He said his firm can no...

Credit worthiness of the sector was improving after Tata Group increased its presence in the sector acquiring Air India and with strong performance from IndiGo, but it has become highly negative after the bankruptcy filing by Go First, they said.

In February, ET had reported that Air India had renewed Rs 18,000 crore worth of one-year facilities with State Bank of India (SBI) and Bank of Baroda (BoB). Those loans were a continuation of the debt facility availed by the company after the compl...