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The share of current and savings accounts (Casa) deposits of commercial banks has increased to 44.8 per cent as of March 2022-end, from 41.7 per cent three years ago, latest data released by Reserve Bank of India (RBI) showed. These low-cost deposits accounted for 60.9 per cent and 55.6 per cent of incremental deposits during 2020-21 and 2021-22, respectively. Bank deposit growth (y-o-y) moderated to […]

British Petroleum (BP), reported in a latest update that there has been a sharp bounce back in global primary energy consumption in 2021. The total energy consumption has jumped by almost 6%, more than reversing the sharp fall in energy consumption in 2020 as much of the world locked down. Primary energy use in 2021 is estimated to be more than 1% above its 2019 […]

India's agricultural expertise may be used to achieve food security, Prime Minister Narendra Modi said the G7.

Business Wire India Day Two of UK-India Week 2022, organised by the UK-headquartered India Global Forum (IGF), took on a green focus with the Climate Finance and Technology Summit at Bloomberg headquarters in London.    Over the course of the day, the Summit brought together senior ministers, policymakers and industry leaders from India and the UK to deliberate on some of the most pressing issues […]

The 18 entities together received a penalty from the capital market regulator totaling Rs43.8 crore, with the NSE receiving the largest sanction of Rs7 crore.

Singapores producer price inflation accelerated to a six-month high in May, after easing in the previous month, data from the Department of Statistics showed. The manufacturing producer price index climbed 19.4 percent year-on-year in May, faster than the 17.8 percent increase in April. This was the highest rate of increase since November 2021, when prices had grown 19.8 percent. On a monthly basis, producer prices […]

SMPL is currently constructing a cement plant in Madhya Pradesh.

Business Wire India Andersen Global establishes tax and legal capabilities in New Zealand through Collaboration Agreements with two Auckland-based firms – law firm Turner Hopkins, and tax and advisory firm Bellingham Wallace. The firms maintain deep connections in the region and will play a pivotal role in driving business and delivering integrated, global solutions to create long-term value for clients.   Turner Hopkins was founded […]

"Consumers are progressively preferring larger and more high value products like vitrified tiles", the company said.

The research firm maintained a "outperform" rating while raising its stock target price from Rs2,830 to Rs3,360.