Govt, RBI done all that they could for NBFCs: SBI chief Rajnish Kumar
There is nothing further the government can do, Kumar said, adding that there is liquidity, partial credit enhancement and interest rates have moderated. Asked about the progress made in the resolution of stressed NBFC Dewan
Rains put price pressure on Kerala’s banana, veggie exports
Banana accounts for as much as 60-65% of the green exports from Kerala and the rest are vegetables. Of the banana varieties, nenthran plantain leads the food preferences of Kerala’s 20 lakh diaspora families fanning out in
Gujarat textile units want cap on solar machinery be raised
Under the Solar Energy Credit initiative, an integral part of the scheme, the central government is providing a subsidy of 50% to power loom units having maximum eight looms for adopting solar energy for captive use either in
Weak exports, uncompetitive prices to hit cotton spinners, says report
With India exporting roughly one-third of its cotton yarn production every year, trends in export demand play a crucial role in determining the overall performance of the domestic spinning sector.
PSU banks launch joint plan to boost economic growth
There are eight specific areas in which these banks are expected to focus, which include credit growth, infrastructure financing, financial inclusion, digital transactions and CSR activities, among others.
Google Files: clean up space on your phone
Files was built for people with low phone storage, many of whom live in places like India, Nigeria and Brazil and often run out of space on a daily basis.
Demonetisation: Income tax department to make checklists to classify suspicious cases
The verification checklist aims to break down thousands of such cases into a few categories, the Central Board of Direct Taxes (CBDT) said in a letter to zonal chiefs.
TVS Motors Singapore arm buys stake in Predictronics
Earlier in April, TVS' Singapore arm picked up little over 14% stake in the US-based Altizon, an industrial IoT company, for an investment of $25,00,000.
ED attaches Usha Martin assets worth Rs 190 crore
The company said it was seeking advice from its legal counsels and was given to understand that the order did not affect its ongoing operations.
Hyundai India joins others to declare production holidays
The Korean carmaker has announced no production days across all the departments, including body shop, engine/transmission lines, paint shop, assembly shop and support teams.
Economic slowdown: Govt weighs fiscal stimulus; package soon for companies, exporters
Tax relief to companies, easier flow of credit for exporters on cards
Kharif crop sowing deficit narrows as monsoon picks up
A 21% rise in seasonal showers from the normal level in the past one month has narrowed the kharif crop sowing deficit (year-on-year) to 4% as of Friday from as much as 9% until July 12.
Article 370: Supreme Court frets over filing of defective petitions
The Supreme Court on Friday refused to examine the petitions against scrapping of Article 370 of the Constitution, saying the pleas filed on the “serious issue” suffer from defects.
Rupee closes 12 paise higher on dollar selling
Exporters are believed to have joined the dollar selling later during the day, according to forex traders.
NBFC liquidity crunch to hit realty developers hardest
NBFCs are now also shying away from refinancing maturing debt of large developers to limit concentration risk to the sector.
Delay in DHFL’s submission of unaudited Q1 results
Only last week, the home loan financier informed it may not meet its upcoming payment obligations in the ‘immediate future’, even as it remains in discussions with lenders over a resolution plan.
Boon to start-ups: Centre raises cap on differential voting rights
The two incentives have been offered following requests from tech companies and start-ups, as well as to strengthen hands of Indian companies and their promoters
FM Nirmala Sitharaman hints at economic booster, but refuses to give timeline
Discussions at the highest level of the Union government were going on in which current plight of declining demand and plummeting sales as well as other issues were discussed, the finance minister said in Ahmedabad.
IFIN drags SKIL infra to NCLT
In its report, the SFIO said loans given by IFIN to SKIL Infrastructure were used for payment of existing loan facilities.
Ashok Leyland Ennore plant workers protest over bonus issue
Sources said that for employees with more than 15 years of experience, the compensation is two month's fixed pay for each completed year of service.
Monsoon rage grounds CIAL’s business by Rs 70 crore
CIAL sources said that although solar panels did not stand in the way of easing storm water discharge, the airport would soon remove some of the panels to allay local concerns.
Panel of CMs to discuss adoption of GM tech in oilseed production
Oilseed crops are the second most important determinant of agricultural economy, next only to cereals within the segment of field crops.
Synthetic textile exporters gung-ho about growth
Currently MMF dominates global textile fibre consumption with 72:28 ratio —MMF 72% and natural fibre 28%.
NBFC face liquidity squeeze – here’s how
The central bank has allowed banks’ lending to NBFCs for agriculture, micro and small enterprises, and housing classified as priority sector lending, up to specified limits.
Hyundai Motors to showcase electrified prototype displaying this concept
The all-new i10 will receive its public world premiere, alongside a special version of the model
Viacom and CBS to finally reunite
The deal will combine the CBS television network, CBS News, Showtime cable networks with MTV Networks, Nickelodeon, Comedy Central and Paramount Pictures.
Don’t look down on wealth creators, says PM Modi in Independence Day speech
Holds meet with FM on slowdown amid buzz on tax relief, says India to have chief of defence staff, pushes for population control
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BUDGET 2019
- Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C benefit on Tier-II deposits from April 1
- Budget 2019: Hike in import duty may dampen the gold rush
- Budget 2019: More power to villages; Rs 2 lakh crore allocated to Panchayats in five years
- Budget 2019: Healthcare sector expects hike in exemption limits for health checkup, medical reimbursement
