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India's current account deficit expected at 1.1% of GDP in FY25, says ICICI bank

ICICI Bank reports India's Current Account Deficit (CAD) may stay at 1.1% of GDP in FY25, influenced by a record trade deficit and FPI outflows

In the fiscal year 2024–2025 (FY25), India's Current Account Deficit (CAD) is anticipated to stay at 1.1% of GDP, citing to ICICI Bank analysis(Unsplash/representational)
Published on Dec 30, 2024 09:17 AM IST
ANI |

Bharti Airtel, TCS, HDFC Bank stocks steal the show this week

In a fluctuating market, TCS, HDFC Bank, and others saw gains, while Reliance Industries and LIC experienced significant losses.

Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank, and Infosys all increased their values, while Reliance Industries, State Bank of India, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever decreased theirs.(ANI)
Published on Dec 15, 2024 11:13 AM IST
PTI |

Won’t take coercive action against Chanda Kocchar: SFIO to HC

The 63-year-old had approached the high court apprehending arrest after receiving a notice from the SFIO earlier this month to appear for questioning regarding the case

New Delhi, India - May 14, 2019: Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar arrive to appear before Enforcement Directorate (ED) in connection with a bank loan fraud and money laundering case probe, in New Delhi, India, on Tuesday, May 14, 2019. (Photo by Biplov Bhuyan/ Hindustan Times) (Biplov Bhuyan/HT PHOTO)
Updated on Nov 20, 2024 07:38 AM IST

SC grants NewsClick relief by stalling tax recovery

The Supreme Court on Monday stayed further recovery of an outstanding tax demand from news portal NewsClick, directing the company’s banker not to release any more money to the tax department.

The application by NewsClick at the said that the inaction by the bank affected its business operations as salaries of more than 100 employees and dues of over 200 professional consultants could not be paid. (HT Photo)
Updated on Nov 19, 2024 05:00 AM IST
ByAbraham Thomas, New Delhi

SBI, HDFC Bank and ICICI Bank are India's 3 best banks, says RBI

State Bank of India, HDFC Bank, and ICICI Bank were once more designated as Domestic Systemically Important Banks (D-SIBs) in 2024.

Signage at the Reserve Bank of India (RBI) headquarters building in Mumbai, India, on Wednesday, Oct. 9, 2024. Photographer: Dhiraj Singh/Bloomberg (Bloomberg)(HT_PRINT)
Published on Nov 15, 2024 03:28 PM IST
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