Moody’s assigns Baa2 rating to RBL Bank, 1st for lender
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Tata Steel ends 25-year joint-venture with German company Martrade
Tata Steel is acquiring Martrade's stake in their joint shipping venture for Rs 335 crore. This move ends a twenty-five-year partnership with the German logistics group. The company also committed Rs 33,873 crore for capacity expansion at Neelachal Ispat Nigam. This expansion will bolster its long products portfolio and branded retail offerings. Tata Steel reported a 19% net profit rise and 15% revenue increase in Q1 FY27. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/N1DUjL8
Formal retail credit access doubles over past decade
Formal retail credit penetration in India more than doubled over the past decade. Consumption-led lending, including personal loans, drove this significant growth. Credit access expanded to younger borrowers and women across India. Northern and central states saw increased credit activity, while western and southern regions moderated. This shift reflects credit being used for lifestyle rather than asset acquisition. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Sr5WdoP
Companies boost health cover with top-ups for cancer
Companies are enhancing employee health benefits beyond standard medical insurance. AstraZeneca Pharma India leads by introducing a group cancer care policy. This new coverage supplements existing plans and addresses high treatment costs. Many employers are also investing more in outpatient and wellness programs. This trend reflects a growing focus on comprehensive employee well-being. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/GH0Khb3
Need to reinvent ways to deal with global challenges: Finance ministry
India's economy shows resilience despite global challenges and uncertainties. Swift policy responses and implementation are crucial for attracting investment. Rising crude oil prices pose a potential pressure on fiscal and current accounts. The external sector remains resilient due to strong exports and remittances. Adverse weather conditions present a risk to farm output and rural demand. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xgjRshm
US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged
The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchanged. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JToBbtc
As inflation bites, HUL to take more price hikes
Hindustan Unilever anticipates further price increases in coming months due to volatile commodity costs. The company projects inflation to remain between two and five percent for the September quarter. Demand for household staples remained stable, driving growth to a thirteen-quarter high. HUL's revenue from operations increased by ten percent in the first quarter. The company will continue to pursue volume-led revenue growth across its diverse product portfolio. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/BEFWnLv