FE Bureau

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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Higher tax benefits on home loans to help boost demand: Ravi Subramanian, MD and CEO, Sriram Housing Finance

Shriram Housing Finance has an AUM of around Rs 2,000 crore. Our AUM has been steady and has not dipped post the IL&FS default, says Ravi Subramanian.

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Economic Survey 2019: ‘Cut investor risks, cost of capital and judicial backlog; fix policy uncertainties’

‘Force MSMEs to grow by phasing out size-based sops’; fiscal space of states allows short-term stimulus

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NPA mess: Urjit Patel slams RBI, government over pre-2014 role

Former Reserve Bank of India (RBI) governor Urjit Patel, who remained tight-lipped during his tenure, has come down heavily on the government and regulators. In a recent presentation at a conference in Stanford University, he

NPA mess, Urjit Patel RBI News

Maruti discount practice under scanner as CCI orders probe

In its order, the CCI has observed that Maruti has indulged in resale price maintenance by fixing the maximum discount which its dealers could offer to end-customers.

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Economic Survey 2019: Foreign investments will trigger a virtuous cycle, says CEA K Subramanian

The global environment both in terms of liquidity and surplus is benign. There is a lot of flush liquidity looking for good avenues for investment, says CEA K Subramanian

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ED attaches KRBL’s assets worth Rs 15.32 crore

These aircraft are used for an airborne early warning and control project. The ED has attached land and a rice mill in Punjab under the Prevention of Money Laundering Act, 2002.

Industry News

Economic Survey 2019: Extending DBT to scholarships, pensions

Price subsidies that are directly transferred such as that for kerosene, liquefied petroleum gas, public distribution system and fertilisers also need to be strengthened to minimise exclusion and inclusion errors.

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Decline in passenger traffic may impact DIAL: Moody’s

Most of DIAL’s revenue, outside of income from land monetisation and rental, is linked to passenger and aircraft movements at the airport.

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Adani Power buys GMR plant for Rs 4,792 crore

GMR Chhattisgarh had an outstanding debt of `5,926 crore as on March 31.

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SC seeks response from former Tata Trusts head on defamation plea

Shapoorji Pallonji group senior counsel Mahesh Jethmalani further said the HC had taken onto itself the role of the trial court in determining as to whether the case of defamation had been made out or not.

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HDFC wants NCLT to keep Jet office out of resolution plan

In its plea, the bank said these assets should not be made part of the corporate insolvency resolution process as it does not belong to the company.

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JetLite employees left stranded in Jet insolvency proceedings

The IRP has given time till July 24 for the employees of Jet Airways to submit their claims, the official added. JetLite employees meanwhile are examining their legal options, the official added.

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Bharti, Vodafone idea to narrow losses in first quarter as ARPU rises

Arpu for both Bharti and Voda Idea is expected to rise further during the quarter. While for Bharti it could see a 2% sequential jump to `127 per month, for VIL the increase is estimated to be higher, by 10% quarter on quarte

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