FE Bureau

CarDekho will hire 2,000 people in 2019-20 to accelerate growth

CarDekho is also going to start campus hiring in various colleges in 2020 for various tech and non-tech roles and grooming and nourishing untapped talent within the organisation, he added.

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Tikona-Airtel merger: SC orders 15-day status quo on DoT demand

The government had last week moved the SC against the TDSAT order that stayed its demand of `1,627 crore for allowing the merger

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Banks expect to wrap up DHFL resolution by September-end

Bankers have indicated that agencies have been monitoring cash flows of the company since as early as February, which should give lenders a clear idea on the company's requirements with respect to further capital.

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Market melts as Budget spooks investors, global sell-off adds to woes

Global sell-off adds to woes, Sensex dives 793 pts, the biggest fall in 2019

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Reliance Cap’s credit ratings revised by CARE

The repayment schedule of the guaranteed debt has not yet been provided by the company, Care Ratings said.

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Leela-Brookfield deal: Conclude probe in two weeks, NCLT directs Sebi

The NCLT has adjourned hearing on the case to July 25.

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Monsoon boost: Deficit in kharif sowing to be over by July-end, says govt

Speaking on the sidelines of a state agriculture ministers’ conference, Tomar also said that the Centre has been in touch with states to tackle if there is any drought like situation. “We (Centre and states) will work tog

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Debt Mutual Funds see Rs 1.7L-crore outflow in June

The decline in AUM is largely due to outflows seen in debt funds with banks and corporates pulling the money out at the end of quarter.

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India Inc Q1 earnings: No sign of green shoots in April-June quarter

In an environment of keen competition, companies have been unable to hold on to their operating margins. The Hindustan Unilever management actually mentioned the ‘R’ word in its post-results commentary.

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27% fall in sowing, Centre calls states’ meet today on threat of drought

The June deficit of monsoon rainfall (33%) was the highest in past 5 years. But the last 10 days of rains have reduced the overall deficit in monsoon to 21% now from 36% on June 26.

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Partial credit guarantee scheme unlikely to help stressed NBFCs

For their part, PSBs are choosing to wait for further guidelines from the regulator before zeroing in on prospective loan pools.

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FDI in insurance intermediaries to create tech innovation, global standards: Experts

Currently 49% of FDI is allowed for insurance intermediaries which includes insurance brokers, reinsurance brokers, insurance consultants, corporate agents, third party administrator, surveyors and loss assessors.

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Budget 2019: Central govt employees to get tax benefit on NPS Tier II account deposits

Budget 2019 India: Deposits by government employees in Tier-II account will get Section 80C tax exemption.

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Maruti Suzuki India’s sales of automatics grew at 58% CAGR since 2014: Shashank Srivastava | Interview

Simply put, affordability and awareness are key factors to increase the penetration of automatic gearbox cars, says Shashank Srivastava, executive director, Marketing & Sales, Maruti Suzuki India.

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Budget 2019: NBFC crisis is bottoming out, says finance minister Nirmala Sitharaman

Finance minister Nirmala Sitharaman says budget announcements will not just offer relief to NBFCs but also help stimulate consumption, as they extend credit to critical segments

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Idea Exchange: Heavy rainfall was predicted in Mumbai, but urban management systems must improve, says IMD’s Sivananda Pai

Head of climate prediction at IMD, D Sivananda Pai explains the delay in monsoon and ‘data gaps’ in forecasts, says IMD is working towards making taluka-level forecasts, and calls upon citizens too to play a more proacti

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Budget 2019: Understand Nirmala Sitharaman’s Budget for new India in 2 minutes

Union Budget 2019 India: Here are the top eight takeaways from Union Budget 2019.

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Budget 2019: Why FM’s plan to tap markets to garner resources may not work

Budget 2019 India: The government’s staggering `1.05 lakh crore disinvestment will also add to the supply of paper in the market since little is expected to be mopped up by way of outright sales.

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Union Budget 2019: Govt borrowing abroad to have a beneficial domestic impact, says Nirmala Sitharaman

Budget 2019: What is the necessity of withdrawing `1 crore cash per account within a year? We are not against your transaction, but against the cash, the FM said.

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How Budget 2019 plans to double farmers’ income by 2022 – Explained

Budget 2019 India: To ensure adequate and timely availability of farm credit, the budgetary allocation for interest subsidy on farm credit has been increased to Rs 18,000 crore for FY2019-20.

Union Budget 2019 India, Budget 2019-20 News

Budget 2019 stores plenty of positives for automobile industry

Budget 2019 India: The absence of any guidance on the scrappage policy was a missed opportunity, given the automotive industry has been facing headwinds.

Union Budget 2019 India, Budget 2019-20 News

Union Budget 2019 assures Rs 70,000 crore capital infusion in public sector banks

Budget 2019 India: Higher interest deduction on interest paid on housing loans will improve the affordability of house purchase and push housing credit demand for banks as well as HFCs.

Union Budget 2019 India, Budget 2019-20 News

Budget 2019: How FM Sitharaman plans to help NBFCs, HFCs

Budget 2019 India: Credit guarantee for infrastructure financing is likely to support fund flow to the infrastructure sector.

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Budget 2019: Funds for roads, railway, metro projects to increase by 12-19% in 2019-20

Union Budget 2019 India: The increase in the Road and Infrastructure Cess should provide additional funding for infrastructure projects.

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Budget 2019: Govt plans to announce structured reforms in power tariff policy

Budget 2019 India: The budgetary allocation for the renewable energy sector in FY2020 will help meet its funding requirements, including that for building a green energy transmission corridor.

Union Budget 2019 India, Budget 2019-20 News

Budget 2019 provides big push to PM Modi’s affordable housing scheme

Budget 2019 India: The overall budgetary allocation for PMAY remains in line with that declared in the interim budget, at Rs 25,853.26 crore, of which Rs 19,000 crore is allocated for PMAY-G and Rs 6,853.26 crore for PMAY-U.

Union Budget 2019 India, Budget 2019-20 News

Budget 2019: Plenty to cheer for oil and gas industry

Budget 2019 India: Adequate subsidy for the Phulpur-Dhamra gas pipeline will be positive for GAIL, as the same will improve the viability of the project.

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