Leading Indian banks are struggling with a paradox where borrowing deposits at nearly 9% contrasts sharply with lending at only 8.5%, a situation that is challenging the sustainability of their current business models. Uday Kotak has raised alarms about the impact of additional operating and credit costs, especially as tighter regulatory measures have contributed to reduced loan and credit growth.
The text outlines a proposed comprehensive travel ban by the Trump administration that may impact travelers from up to 43 countries, including four of India's neighboring nations. It details the categorization of the countries into three lists—red, orange, and yellow—each with its own set of travel restrictions based on security and visa issuance concerns.
Apple supplier Foxconn is planning to significantly increase iPhone production in India, aiming to assemble up to 30 million units by 2025, more than double its current output. This expansion is driven by India's growing importance as a manufacturing hub for Apple and the company's efforts to diversify its production away from China.
India's GST collections reached a new high of Rs 1.96 lakh crore in March 2025, reflecting a robust 9.9% year-on-year increase and signifying strengthening economic activities and a healthy consumption pattern across the country. The growth was driven by strong performance in several states and union territories, including Gujarat, which saw a 14% increase in GST earnings.
Veteran investor Shankar Sharma believes India's 1991 liberalization, while unlocking growth, also made businesses "lazy" and reliant on foreign partnerships, hindering the development of domestic tech dominance. He criticizes the government's favorable treatment of foreign ventures like Elon Musk's Starlink, arguing for policies that prioritize domestic innovation.