The Small Industries Development Bank of India (Sidbi) on Monday reported a 19.5% rise in its net profit, touching an all-time high of Rs 4,811 crore for FY25 against Rs 4,026 crore a year earlier.Sidbi said its balance sheet crossed Rs 5.6 lakh crore during the year, with total assets growing 8.7% to Rs 5,68,238…
The United States is once again staring at a possible government shutdown. Unless Congress agrees on a funding deal before midnight on September 30 large parts of the federal government will run out of money and be forced to close from October 1.Here’s what’s happening and why it matters. What is a government shutdown? A…
Gold rate today: Gold prices in India touched a fresh all-time high of Rs 1,19,500 per 10 grams on Monday in the national capital, driven by strong global trends and safe-haven buying amid geopolitical and economic uncertainty, according to the All India Sarafa Association.The 99.9% purity metal surged Rs 1,500 from Rs 1,18,000 per 10…
Electronic Arts (EA), the creator of globally popular video games including “Madden NFL,” “Battlefield,” and “The Sims,” is poised to exit public markets after agreeing to a $55 billion acquisition. The deal, one of the largest leveraged buyouts ever, will transfer EA into private ownership, giving the company room to restructure without the scrutiny of…
India’s industrial sector recorded a steady growth of 4.0% year-on-year in August 2025, according to the Quick Estimates of the Index of Industrial Production (IIP) released by the ministry of Statistics and Programme Implementation. This marks an improvement over the 3.5% growth reported in July 2025. The overall IIP for August 2025 stood at 151.7,…
Tata Communications has secured a “multi-crore” order from the Goods and Services Tax Appellate Tribunal (GSTAT) to set up an end-to-end digital infrastructure covering network, IoT, cloud, and security solutions.The company said the project, aimed at streamlining GSTAT’s functioning, will provide seamless access across all benches nationwide, strengthen data security, and deliver a simplified user…
Since the implementation of GST 2.0, the National Consumer Helpline (NCH) has received nearly 3,000 complaints related to the tax cuts, Consumer Affairs Secretary Nidhi Khare said on Monday.“Everyday, we are receiving complaints. So far, we have received close to 3,000 consumer complaints. We are sending them to the CBIC (Central Board of Indirect Taxes…
India’s initial public offering (IPO) market has made a remarkable comeback over the past year, raising nearly double the funds of the previous year even as broader stock markets struggled.Between October 2024 and September 2025, 86 IPOs brought in Rs 1,70,897 crore, compared with Rs 90,436 crore that 88 IPOs raised in the same period…
Gold and silver prices on Monday surged to lifetime highs in the domestic futures market, following a strong rally in international markets. Investors were encouraged by expectations of US Federal Reserve rate cuts and a weaker dollar, which boosted demand for precious metals.On the Multi Commodity Exchange (MCX), gold futures for October delivery jumped Rs…
Asian markets inched higher on Monday, lifted by Wall Street’s gains after US inflation data met expectations and eased concerns about US President Donald Trump‘s latest tariff announcements.Hong Kong’s HSI jumped 353 points or 1.35% to 26,482. Shenzhen also jumped 169 points or 1.28% to trade at 13,378 while Shanghai gained 6 points or 0.17%…