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.
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.
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.
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.
In 2025, businesses spent an aggregate of $633 million to build, expand or improve facilities, according to Lake County Partners annual report released Jan. 9 in Lincolnshire.
European nations are reeling from US President Donald Trump's tariff threat. Eight countries face a 10 percent tariff for opposing American control of Greenland. Leaders warn of a dangerous downward spiral for transatlantic relations. China and Russia stand to benefit from these divisions. European Union envoys are holding emergency talks to determine a response.
Abandoned oil and gas wells pose environmental and public health risks. For three decades, the state has mismanaged funds earmarked for minimizing the threat.
Indian equities closed higher as a strong earnings surprise from Infosys boosted risk appetite and lifted IT stocks, helping Sensex and Nifty hit intraday highs. However, profit booking capped gains by the close. Analysts flagged mixed global cues, sector-specific strength and cautious technical signals.
The strong investor response to the initial public offering of Bharat Coking Coal Ltd has boosted confidence within CIL and provided positive momentum as the company evaluates the listing of its other subsidiaries, Chairman-cum-Managing Director B Sairam said.
