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Reliance Industries' consolidated EBITDA margin reached a seven-quarter high, driven by a strong oil-to-chemicals division and RJio's robust telecom performance. This growth partially offset weakness in the retail segment due to festive season shifts and GST rate changes. The company is also investing in a battery manufacturing facility and renewable power generation.
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News and Media
ICICI Bank and HDFC Bank have been instructed by a regulator to make significant one-time provisions. ICICI Bank must set aside an additional Rs 1,283 crore, while HDFC Bank is required to allocate Rs 500 crore. The regulator has also urged both banks to identify and address shortcomings in their loan portfolios. These adjustments are necessary to ensure compliance with Priority Sector Lending (PSL) norms.
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News and Media
India's total property exposure is now estimated at $26-29 trillion, according to a global reinsurer. A significant portion of this exposure is located in areas prone to natural disasters. These regions are characterized by a high concentration of economic assets that coincide with risks such as floods, cyclones, and earthquakes.
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News and Media
Microfinance loan portfolios have been declining since April 2024, according to industry leaders. This trend began after reaching a high of Rs 3.43 lakh crore. The decrease is attributed to loan repayments exceeding new loan disbursements across the sector.
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News and Media
South Korea is seeking favorable terms for United States tariffs on memory chip imports. The country previously secured an agreement ensuring it would not face unfavorable treatment compared to competitors. South Korea's trade minister stated that U.S. tariffs on some advanced computing chips will have a limited impact.
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News and Media
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