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New Delhi: Punjab National Bank Monday said that it expects the Indian economy to show robust growth in the coming quarters of the current fiscal, which is expected to boost credit demand for banks.“The Indian economy is very robust, despite challenges; our Q2 GDP growth number was 8.2%. In that quarter (July-Sept), the full impact…

MUMBAI: Complaints against credit information companies have almost quadrupled in three years, signalling growing frustration among borrowers over credit scores and data accuracy. This surge stands out in the wider trend of rising grievances handled by India’s financial ombudsman. CIC complaints rose from 1,039 in 2022-23 to 3,847 in 2023-24 and further to 4,585 in…

MUMBAI: Markets regulator Sebi has given the green signal to the maiden public offer for ICICI Prudential Asset Management Co, one of the largest fund houses in India. Prudential Corp Holdings of the UK, the joint venture partner of ICICI Bank in the AMC, is selling part of its stake in the company to raise…

Markets have been taking a breather with profit booking in focus after hitting recent record highs. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Tuesday on weak global cues. While Nifty50 was above 26,150, BSE Sensex was near 85,500. At 9:24 AM, Nifty50 was trading…

Omnicom will lay off more than 4,000 employees and merge several prominent advertising agency brands following its $13 billion acquisition of rival Interpublic Group.The job cuts will primarily affect administrative roles, with some leadership positions also impacted, reported the Financial Times on Monday, citing company executives.Omnicom CEO John Wren said. “The financial benefits would surpass…

Gold prices eased on Tuesday as traders chose to cash in recent gains, mirroring the softer sentiment in overseas markets. The pullback ended the strong run in bullion seen in the previous session.On the Multi Commodity Exchange, the benchmark contract slipped to Rs 1,30,266 per 10 grams. The February 2026 futures also headed lower, giving…

The government on Monday confirmed that there are no ongoing discussions or plans regarding the restructuring or combining of public sector banks.Pankaj Chaudhary, minister of state for finance, in a written reply to the Lok Sabha ruled out any such consideration and clarified, “presently, no proposal on merger or consolidation of Public Sector Banks (PSBs)…