FE Bureau

Articles By FE Bureau

21026 Articles

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

Government, RBI, NBFC, SBI chief, Rajnish Kumar, banking news, industry news, Reserve Bank of India, RBI,  NBFC sector News

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

Rain, price pressure, Kerala, banana, veggie, export, import, economy news

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

Gujarat textile unit, solar power, Gujarat, textile industry News

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. 

Weak export, cotton spinner, economy news, export, import, cotton, cotton yarn export, cotton yarn, domestic market News

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.

Bank, retail loan, loan portal, industry news, sme News

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.

Google Files, clean up space, clean up space phone, tech news, Google, industry news

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.

In March, CBDT had asked senior I-T officials to go after over 87,000 people who were yet to file I-T returns in response to the notices issued to them. News

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.

Predictronics is the third such company in the US, where TVS Motor’s Singapore subsidiary invests for a considerable stake News

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.

The ED’s provisional attachment of the properties was in connection with the sale of iron ore extracted from the iron ore mines situated in Jharkhand which had been allotted for captive usage by the Kolkata-based company. News

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.

Car News

Economic slowdown: Govt weighs fiscal stimulus; package soon for companies, exporters

Tax relief to companies, easier flow of credit for exporters on cards

The economic expansion plunged to a five-year low of 6.8% in FY19. (Represnetational image) News

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.

The sharp pick-up in monsoon since early July has driven up overall rainfall up to Friday this season (June-September) by 2% from the long period average (LPA) or the ‘normal’ level. (Representational image) News

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.

The Bench also heard another plea by the Kashmir Times executive editor Anuradha Bhasin seeking removal of restrictions on the media. News

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.

The rupee closed at Rs 71.15 against the greenback, paring losses made during the previous two sessions. News

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.

Savings Bank Deposit, minimum balance, HFDC zero balance accounts, sbi netbanking, axis bank savings account minimum balance, multiple savings bank account, savings account, zero balance accounts, zero balance account open, RBI, BSBD accounts, News

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.

The mortgage financier owes banks Rs 38,000 crore and bondholders an additional Rs 34,000 crore News

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

Govt removes 3-year distributable profit norm to be eligible to issue shares with DVRs News

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.

Union finance minister Nirmala Sitharaman (File photo) News

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.

Reliance Commercial Finance has also dragged SKIL Infrastructure to the National Company Law Tribunal (NCLT) for recovery of outstanding dues, the filing said. News

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.

When contacted, a senior union official in the Ashok Leyland Employees Union (ALEU) confirmed the developments. News

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.

“However, during 2018-19, CIAL had posted net profit of Rs 166.9 crore, against Rs 650.34 crore turnover,” CIAL director Roy Paul told FE. News

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.

“We are trying to build consensus. States will keep their view in the next meeting,” Fadnavis said after the second meeting of the committee. News

Synthetic textile exporters gung-ho about growth

Currently MMF dominates global textile fibre consumption with 72:28 ratio —MMF 72% and natural fibre 28%.

Man-made fibre exports have grown to contribute 16% to the total textile and clothing exports worth $40 billion in 2018-19 News

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.

These changes will help some reduce some of the challenges faced by retail NBFCs as the risk factors of retail-lending NBFCs are different from infrastructure or consumer-lending NBFCs. News

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

‘Style Set Free’ is Hyundai’s in-car experience strategy for future EVs News

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.

The new entity will be called ViacomCBS News

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

Prime Minister Narendra Modi addresses the nation during Independence Day celebrations at Red Fort in New Delhi on Thursday (Express Photo: Neeraj Priyadarshi) News