ICICI Bank has raised the minimum average balance required for new savings accounts opened from August onwards. According to the lender’s official website, in metro and urban regions, the minimum average monthly balance (MAMB) now stands at ₹50,000 from the previous ₹10,000. For semi-urban branches, it is ₹25,000 from ₹5,000, and in rural branches, the…
“My shareholding has to be shifted to the NoFHC structure, where we need to figure out the process and the modalities,” Agarwal said. “We just got it (the approval) last night, so it takes some time, but it should not be so complex in my opinion. Also, we need to change our name from AU…
While the move caught both shareholders and investors by surprise, Kousgi clarified that the decision was entirely personal, driven by career aspirations, and unrelated to Carlyle’s exit from the housing finance company. Still, the announcement triggered a sharp reaction in the markets, with shares plunging over 17%, the steepest single-day fall in nearly seven years….
Bank holiday today: Banks will be closed on Saturday, August 9, 2025 as it is second Saturday of the month and to mark Raksha Bandhan, according to the state-wise holiday calendar of the Reserve Bank of India (RBI). Raksha Bandhan 2025 – Region-wise bank holiday list Banks in cities including Ahmedabad, Bhopal, Bhubaneshwar, Dehradun, Jaipur,…
India’s largest lender State Bank of India (SBI) sees limited impact on its books from stiff US tariffs, as it hopes the issue gets resolved soon enough to rekindle capital expenditure plans of corporates. “Our assessment is that while the direct impact on the sectors and industries may be limited, the sooner this issue gets…
Mumbai: Pearl Global Industries Ltd (PGIL), one of India’s largest listed garment exporters, has maintained its growth momentum into the new fiscal year, having reported a 16.6% rise in consolidated revenue to ₹1,228 crore for the quarter ended June (Q1FY26). This marks the fifth consecutive quarter above the ₹1,000-crore threshold for the firm that has…
New Delhi: The Government e Marketplace (GeM) marked its ninth Foundation Day this month with a record ₹5.4 trillion in gross merchandise value (GMV) in FY25, cementing its position as India’s flagship public procurement platform, the commerce ministry said on Friday. GeM crossed ₹4 trillion in GMV in FY24. Since its launch, GeM has onboarded…
The government has extended the ₹10,900-crore PM E-Drive scheme by two fiscal years, until 2027-28, as a large portion of the scheme’s corpus remains unused. About half of the scheme’s funds, allocated to ease the upfront cost of more than 14,000 electric buses, more than 5,600 electric trucks, and over 72,000 electric vehicle public charging…
Beyond the joke: How the growth in India’s comedy industry pays the bill for its crew ₹25 crore annually. Increased job opportunities in production and rising ticket prices reflect this growth, alongside the expansion into regional languages and digital platforms, boosting visibility.”/> Source link
New Delhi: India’s high economic growth and falling inflation have failed to accelerate sales of cars and 2-wheelers, with the country’s largest automobile firms like Maruti Suzuki India Ltd, Honda Motorcycle and Scooter India, Mahindra and Mahindra Ltd, and Hero MotoCorp Ltd flagging weak demand. Both Maruti and Honda have raised alarm bells about the…