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    3. fe bureau

    FE Bureau

    However, NBFCs would have to invest in systems and processes to comply with daily stamping requirements, India Ratings said, adding that it understands that NBFCs have presented to the RBI for providing a transition period on this requirement.
    India Ratings: RBI’s new norms likely to increase NBFCs’ bad loans by one-third

    On November 12, the central bank said loan accounts classified as NPAs may be upgraded to ‘standard’ assets only if…

    By FE Bureau
    December 4, 2021 00:45 IST
    Honda MPP e battery sharing
    Honda Motor sets up battery-sharing service arm in India

    The new subsidiary of Honda Motor Company – Honda Power Pack Energy India, will offer battery-sharing service which will accelerate…

    By FE Bureau
    December 3, 2021 10:33 IST
    Hero Motocorp makes the largest motorcycle logo in the world
    EV project progressing, first product by Mar 22: Hero MotoCorp

    Hero MotoCorp said its electric vehicle (EV) project is progressing as per plans and is set to launch its first…

    By FE Bureau
    December 3, 2021 10:28 IST
    None of the bidders matched up the floor price of Rs 5,632 for 586.55-km length in the second TOT bundle, forcing NHAI to abandon the plan. Cube Highways bagged the third bundle of 566 km for an upfront consideration of Rs 5,011 crore. The fourth round of auction was cancelled.
    Monetisation: NHAI targets to raise Rs 2 lakh crore in three years

    While more stretches are to be added to the InvIT in future, the authority exercised the third option of toll…

    By FE Bureau
    December 3, 2021 06:15 IST
    The ministry of corporate affairs has sought stakeholders’ comments on the draft by December 15, after which a final proposal is expected to be placed before the Cabinet for approval. Any such additions of provisions to the IBC will finally have to be ratified by Parliament.
    Cross-border insolvency: Personal guarantors to corporate debtors to be covered

    Some analysts, however, feel there is a need to include the financial services sector, which has significant cross-border investments.

    By FE Bureau
    December 3, 2021 05:30 IST
    Green hydrogen demand in India for applications such as refineries, fertilisers and city gas grids is estimated to grow up to 2 MMTPA by 2030 in line with the nation’s green hydrogen mission. This would call for investments upwards of $60 billion.
    L&T partners ReNew to tap into green hydrogen biz

    Green hydrogen, produced by splitting water into hydrogen and oxygen in an electrolyser by using renewable-powered electricity, can enable the…

    By FE Bureau
    December 3, 2021 04:15 IST
    The Reserve Bank of India (RBI) had issued guidelines on co-lending scheme for banks and NBFCs for priority-sector lending, to improve credit flow towards underserved sectors of economy, the bank said in a release, adding that the model aims to give the borrower the best interest rate and better reach.
    SBI, Adani Capital sign pact for co-lending to farmers

    Registered in 2017, Adani Capital is a non-deposit taking systemically important NBFC with total assets under management (AUM) of Rs…

    By FE Bureau
    December 3, 2021 04:00 IST
    Hours after the rebuke, Delhi environment minister Gopal Rai announced closure of all schools till further orders.
    NCR’s toxic air: SC sets 24-hour deadline for Centre, Delhi govt to form ‘serious plan’

    “You have to work with creativity … if things are not working … We have to do something extraordinary…,” the…

    By FE Bureau
    December 3, 2021 03:45 IST
    This was the second consecutive November when the NBFC has crossed the Rs 1,000-crore disbursement mark.
    Shriram City records highest-ever 2-wheeler loans of Rs 1,022 cr in November

    With the increasing demand for electric vehicles (EVs), the NBFC foresees a rise in the average loan ticket size which…

    By FE Bureau
    December 3, 2021 03:30 IST
    The deal values Happay at $180 million and the acquisition is likely to be a combination of cash and stock.
    CRED to acquire Happay for $180m in a cash & stock deal

    Post the acquisition, Happay will operate as a separate entity and the team will work closely with the leadership of…

    By FE Bureau
    December 3, 2021 02:45 IST
    Sources in the bank said that Iyer resigned due to health reasons.
    Dhanlaxmi Bank’s part-time chairman resigns from board

    The Kerala-based bank has been in the news recently for all the wrong reasons, including an RBI advisory to ensure…

    By FE Bureau
    December 3, 2021 02:30 IST
    Keeping the time constraints in mind, revenue secretary Tarun Bajaj has already met industry chambers such as Ficci and PHDCCI, which have submitted their suggestions for the budget. Bajaj will meet CII representatives on Friday.
    FM Sitharaman to start holding budget meetings after winter session

    The budget for next fiscal year is to be presented on February 1, in the backdrop of a nascent recovery…

    By FE Bureau
    December 3, 2021 02:15 IST
    Isma said sugar exports for about 35 lakh tonne had already been contracted in the current season of 2021-22.
    Sugar output touches 47.21 lakh tonne till Nov-end: Isma

    Around 416 mills have started crushing this year as compared to 409 mills last year. In Uttar Pradesh, 101 sugar…

    By FE Bureau
    December 3, 2021 01:45 IST
    “Internationally, that price is not being fetched, but Basmati is a small component of our total rice exports. It is not a mass consumption product,” Kaul said. Last year the Covid-19 wave was severe, but exports continued and shall continue this time as well, he said.
    Demand for Indian rice to remain robust this season, say exporters

    Rao said China continues to buy from India. Last year China bought one million tonne, and the orders could be…

    By FE Bureau
    December 3, 2021 00:15 IST
    Cars
    Auto sales remain in slow lane in Nov too

    Wholesale dispatches by automakers remained low for the third month in a row in November, as chip shortage continues to…

    By FE Bureau
    December 2, 2021 09:33 IST
    Supreme Court wants Amtek Auto’s approved resolution plan implemented in four weeks

    Amtek Auto owes 12,800 crore to banks and others, featured on the first list of 12 companies that were referred…

    By FE Bureau
    December 2, 2021 09:29 IST
    covid 19 rules for international flyers
    Centre asks Maharashtra to align with its Covid norms for travellers

    Divergent guidelines and SoPs on mandatory Covid-19 testing and quarantine norms for travellers coming from “at-risk” countries could create challenges…

    By FE Bureau
    December 2, 2021 08:31 IST
    income tax
    Cap PIT rate at 15% sans exemptions: PHD Chamber

    In a pre-budget interaction with revenue secretary Tarun Bajaj, the industry body also suggested that the corporate tax rate be…

    By FE Bureau
    December 2, 2021 08:25 IST
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