Bandhan Bank sells Rs 3,212 crore microfinance bad loans to ARCIL
INDIA BUSINESS | Mon, 29 Dec 2025, 12:25AM IST
Bandhan Bank has sold a 3,212 crore microfinance non-performing loan portfolio to ARCIL for 578 crore. This sale followed a Swiss Challenge process. The bank also initiated a process to sell an additional 3,720 crore in loans. These actions come as the bank's asset quality faced pressure from the microfinance segment.
Continue reading at Economic Times
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Gmail to Let Users Change Their Addresses While Keeping Data
GLOBAL NEWS | Mon, 29 Dec 2025, 12:17AM IST
Under the shift, which Google said would eventually be rolled out to all users, old addresses would remain active. Messages and services would not be lost.
Continue reading at The New York Times
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Banks urge RBI to extend trade relief measures beyond December
INDIA BUSINESS | Mon, 29 Dec 2025, 12:14AM IST
Banks are asking the Reserve Bank of India for more time on loan relief for exporters. The current scheme ends this month. Exporters face ongoing challenges from global trade issues. Banks believe the real impact of these issues will be seen next quarter. An extension would offer a crucial safety net for exporters.
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IndiGo to begin flight services from Tamil Nadu to Navi Mumbai airport from December 29
INDIA BUSINESS | Mon, 29 Dec 2025, 12:09AM IST
An aviation source said the 186-seat all-economy class Airbus A320 services will be linked to the first phase of the Navi Mumbai airports operational hours, from 8 a.m. to 8 p.m.
Continue reading at The Hindu
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New component likely to boost PM Surya Ghar Scheme
INDIA BUSINESS | Mon, 29 Dec 2025, 12:06AM IST
The Parliamentary Standing Committee on Energy recently cautioned that broad-based progress will remain challenging unless states and their distribution companies (discoms) come onboard. The panel identified lack of awareness as the primary reason for the scheme's slow adoption.
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Household debt to be part of FY28 GDP data
INDIA NEWS | Sun, 28 Dec 2025, 11:49PM IST
NEW DELHI: India will factor in the findings of its next nationwide household debt and investment survey into GDP estimates for the year ending March 2028, highlighting the role of household balance-sheet data in measuring investment in the economy, a government official said.The All-India Debt and Investment Survey (AIDIS), scheduled between July 2026 and June 2027, is a key input for estimating gross fixed capital formation, or GFCF - a core component of GDP that tracks spending on assets such as housing, land and durable goods."Data from AIDIS 2026-27 will be incorporated into the 2027-28 GDP estimates," the official said."We will examine how its findings can be incorporated into the new series to enhance relevance," the official added.The survey, which collects information on household assets and liabilities, will be conducted every five years, ET reported earlier. The last round was carried out in 2019, and its findings are widely used in compiling national accounts and benchmarking investment estimates.The Ministry of Statistics and Programme Implementation (MoSPI) is in the process of revising India's GDP base year and updating data sources. A new GDP series, with 2022-23 as the base year, is due to be released on February 27, 2026, replacing the current 2011-12 series.126218817Under the revised framework, benchmark estimates for dwelling repair and maintenance costs are based on AIDIS 2019, compared with AIDIS 2013 used in the existing series.In line with the System of National Accounts, GFCF is compiled across multiple asset categories, including dwellings, other buildings and structures, machinery and equipment, cultivated biological resources and intellectual property products. AIDIS data are used to estimate household-sector investment and also feed into intellectual property product estimates.MoSPI will conduct AIDIS alongside the Situation Assessment of Agricultural Households survey as part of the 81st round of the National Sample Survey (NSS).
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Himadri to foray into lithium-ion battery materials, to emerge as non-Chinese supplier
INDIA BUSINESS | Sun, 28 Dec 2025, 11:47PM IST
Himadri Speciality Chemical is expanding into lithium-ion battery materials and advanced chemicals to position itself as a non-Chinese supplier to global electric vehicle and energy storage supply chains, while continuing to grow its coal tar-based businesses.
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Indian movies ditch the formula to get Mojo back, net box-office collection up by 12% in 2025
INDIA BUSINESS | Sun, 28 Dec 2025, 11:31PM IST
Indias film industry posted steady growth in 2025, with net box-office collections rising 12% to 10,453 crore, led by a 20% jump in Hindi film earnings to 4,792.7 crore. Industry executives said audience preferences shifted clearly towards strong storytelling rather than star power, across genres and film lengths.
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Man in Suriname fatally stabs nine people
INDIA NEWS | Sun, 28 Dec 2025, 11:08PM IST
A man stabbed to death nine people, including five children, overnight in Suriname's capital Paramaribo, police said Sunday, adding the suspect was wounded and arrested.The man appeared to be suffering from mental health issues, and four of his own children were among the fatalities in the attack, which took place in and around his home, according to local media reports. The suspect had an argument with his wife over the phone before stabbing one of the victims, his 11-year-old daughter, 44 times in the kitchen of their home, local media reported."A man killed four adults and five children with a sharp object at a residence in Hadji Iding Soemitaweg," the local police said in a statement."A sixth child and an adult were seriously injured and were transported" to the hospital, according to the statement.Officers who arrived on the scene had to open fire on the suspect, as "he attacked police with a sharp object," the statement said. The man sustained a gunshot wound to the leg and is hospitalized under police supervision, police said without identifying him."Further details regarding the true circumstances of this tragic attack will follow," the statement concluded.According to the local press, which visited the scene of the attack and spoke to the man's neighbors in Hadji Iding Soemitaweg, a neighborhood in the Commewijne district, the suspect had mental health issues. Suriname's President Jennifer Geerlings-Simons issued a statement in response to the killings on her Facebook page. "At a time when family and friends should stand together and support one another, we are faced with the harsh reality that there is another side to the world," she wrote. "A father who takes the lives of his own children and, in the process, kills his neighbors as well. I wish all those in mourning much strength, courage, and comfort in this unimaginably difficult time."
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