S&P global chief economist Paul Grunwald was in India and spoke to TOI about the inflation challenge, the China shadow on manufacturing and large tech companies impacting bond yields. Excerpts:What is driving global growth amid the headwinds?It’s mostly the AI revolution. People are doing historical analysis of big Investment waves, canals, railroads, and this is…
BENGALURU: India’s smaller cities are emerging as bigger users of digital credit than metros, even as consumers remain far more comfortable using payment apps to make payments than to borrow money, a new study has found.About 60% of respondents in Tier-2 cities have used Buy Now, Pay Later (BNPL) services, compared with 45% in metros…
NEW DELHI: Tata Sons chairman N Chandrasekaran Tuesday said investments in semiconductors and electronics are important for India, businesses and the future, although they may not generate the numbers in two or three years.At a time when the salt-to-software conglomerate’s investments in some of these businesses have come under scrutiny, Chandra compared the foray into…
NEW DELHI: ReNew has secured a $100 million (nearly Rs 955 crore) financing facility from FMO, a Dutch entrepreneurial development bank, it said on Tuesday. Extended to ReNew Solar Power under the voluntary retention route, the 10-year facility will support renewable energy projects under construction across the ReNew group, it added. Source link
CHENNAI: Zoho has paused hikes for its employees and is cutting down marketing spend due to inflation, rising AI-related expenses and challenging geopolitical and market conditions, said the company’s founder and chief scientist, Sridhar Vembu. In a post on X on Tuesday, he wrote that AI usage has driven up costs significantly amid a challenging…
MUMBAI: Consumer durable loans, such as those for buying a mobile phone on EMI, are helping lenders build credit histories for younger borrowers, contributing to a decline in two-wheeler loan delinquencies to a seven-year low of 1.4% in June 2026 from 2.7% in June 2019, according to TransUnion Cibil.First-time borrowers accounted for 39% of two-wheeler…
NEW DELHI: Apple is making a renewed push into the smart home market, unveiling three new devices – HomeView, HomePod mini 2 and Apple TV 4K – as it looks to take its newly launched Siri AI beyond smartphones and establish a stronger presence in connected homes. The launches mark Apple’s latest attempt to challenge…
MUMBAI: Amid pushback from industry, National Payments Corporation of India (NPCI) has deferred the rollout of merchant discount rate (MDR) on select UPI transactions until after Diwali. In a statement on Tuesday, NPCI said that a new date of implementation will be notified separately. The merchant fee was earlier supposed to come into effect from…
NEW DELHI: The International Monetary Fund (IMF) has upgraded India’s growth forecast for the current year to 7%, from 6.4%, making it the fastest-growing major economy.The agency joins others – including the World Bank, ADB, S&P and Moody’s – in upgrading its projections after official data estimated first-quarter growth at 7.8%. Most global agencies have…
MUMBAI: The rupee rose 49 paise to close at 95.28 per dollar on Tuesday from 95.77 in the previous session, outperforming Asian currencies after RBI introduced measures to curb dollar demand and speculative positions. The measures have widened bid-ask spreads in the forwards market and shifted some activity to the non-deliverable forward market.Meanwhile, RBI governor…
