Mall-based teen accessories retailer Claires, known for helping to usher in millions of teens into an important rite of passage ear piercing has filed for Chapter 11 bankruptcy protection.
US President Donald Trump Wednesday signed an executive order imposing an additional 25% tariff on India for its imports from Russia. A look at all his announcements related to tariffs on various countries.
Governor Malhotra attributes circumspect mortgage demand to careful borrower decisions and the long-term nature of housing loans, despite a policy rate cut. While mortgage growth has slowed to 9.6%, he emphasizes that overall housing credit remains strong at 14%. Analysts cite cautious lending, softening demand, and increased selectivity as factors contributing to the broader credit moderation.
While the five-building first phase of the sprawling development remains mostly empty, the Pepsi warehouse is breaking ground on the planned second phase.
Bharti Airtel is gearing up for its next growth phase, fueled by strong financials, exploring IPOs for Airtel Payments Bank and Nxtra, and an InViT for its fibre assets. The company reported impressive Q1 results, with rising profits and reduced debt.
A recent RBI survey indicates Indian households anticipate moderate commodity price increases. Inflation expectations have decreased, with the median perception dropping to 7.2% in July. RBI Governor Sanjay Malhotra noted a more favorable inflation outlook for 2025-26, attributing it to base effects and monsoon progress. While fewer expect food price hikes, more anticipate increases in durable goods and service costs.
