Business

Directorate of Revenue Intelligence (DRI) conducted a search at a residential flat in Paldi, Ahmedabad on March 17, 2025, along with the officers of Gujarat Anti-Terrorism Squad (ATS).

Over the years, private companies have steadily reduced their debt, leading to stronger balance sheets. This has been driven by low capital expenditure (capex), government initiatives to boost infrastructure, fresh equity issuances, and improved capacity utilization. Many companies have also used their profits to pay off debt.

Gold's recent rally has been remarkable, with prices surging from USD 2,500 to USD 3,000 in just 210 days. This is a much faster increase compared to historical trends, where it has typically taken an average of 1,700 days for gold to rise in USD 500 increments.

However, external risks will require close monitoring, the global economy is facing significant turbulence due to an ongoing tariff war, causing fluctuations in growth, inflation, and financial markets, however, despite these challenges, Indian firms have shown improvement in sales and profitability in Q3 FY25.

The bank has discovered a USD 175 million accounting discrepancy related to currency derivatives. Shares have dropped over 28 per cent since the Reserve Bank of India decided to extend the term of CEO Sumant Kathpalia's by a year.

The locally manufactured engines, including the 1.0-litre TSI and 1.5-litre TSI powertrains, are designed with advanced emission technologies and fuel efficiency improvements, aligning with global environmental standards.