Wednesday, September 02
Global trade policy shocks coupled with domestic cost pressures are likely to expose the Indian economy's vulnerability to slowing world demand, according to trade-focused think-tank Global Trade Research Initiative (GTRI), which cited data from the latest World Trade Organization's Goods Trade Barometer.The WTO report, released earlier this week, according to GTRI, pointed to a marked cooling in global merchandise trade after the tariff-driven surge earlier in the year.According to the WTO, GTRI noted, global trade held up in early 2025 on the back of strong demand for AI-related goods, but momentum is now easing as front-loading fades and protectionist pressures re-emerge.While most components, be it electronics, air freight, container shipping and autos, continue to signal expansion, th
With the pick-up in economic activity, State Bank of India (SBI) is seeing a clear revival in corporate credit demand and expects the segment to hit double-digit growth over the remaining two quarters of the current financial year, the bank's Chairman C S Setty said.As far as the pipeline for corporate credit is concerned, he said, "The bank has a strong pipeline. We have about Rs 7 lakh crore loan sanctions, a mix of unutilised working capital limits and term loans that are currently under disbursement." Besides, includes several project loans that are presently under discussion, he told PTI in an interview.So, the corporate credit, which was lagging for quite some time, witnessed a turnaround with 7.1 per cent growth in Q2, he said, adding, "Our guidance on the corporate credit would be
After a brief pause in October, foreign investors resumed selling, pulling out a net Rs 3,765 crore from Indian equities in November, driven by global risk-off sentiment, volatility in global tech stocks and selective preference for primary markets over secondary markets.This dip in November came right after a net inflow of Rs 14,610 crore in October, an uptick that had broken a three-month streak of withdrawals -- Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs 17,700 crore in July, according to depository data.The flow trend through November was shaped by a combination of global and domestic factors.On the global front, uncertainty around the US Federal Reserve's rate-cut trajectory, a firm US dollar, and weak risk appetite across emerging markets kept foreign investors c
Abhishek Sharma smashed 148 runs in 52 balls in a domestic T20 tournament against an experienced Bengal bowling attack featuring Mohammed Shami and Akash Deep on Sunday to guide Punjab to a mammoth total of 310-5, the fourth highest in T20s. Opening the innings after winning the toss in the Syed Mushtaq Ali Trophy match, the Punjab captain struck five sixes and as many fours to reach the 50-mark in 12 balls, the joint-second fastest by an Indian in the format. The left-handed batter completed his century in 32 balls, the third joint-quickest by an Indian in T20s. With 16 sixes and eight fours in his innings, he reached 148 before being dismissed by Deep. With the innings, the 25-year-old also took his tally of sixes in T20s this year to 91, the highest by an Indian in a calendar year, surp
Droneacharya Aerial Innovations entered the market in December 2022 as one of the most talked-about SME listings of that year, helped by a headline-grabbing roster of early investors, including Bollywood actors Ranbir Kapoor and Aamir Khan, along with market veteran Shankar Sharma. The IPO, which was subscribed an extraordinary 244 times and rode on the excitement around India's drone boom.Two years later, Sebi has delivered a sharply different story. In a detailed order, the market regulator has barred Droneacharya, its promoters Prateek Srivastava and Nikita Srivastava, and several associated entities from the securities market for two years. The regulator found that the company diverted IPO proceeds, misrepresented financial statements, and used corporate announcements to artificially h
