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  3. fe bureau

FE Bureau

In October, non-food credit growth decelerated to 5.6 per cent compared to a growth of 8.3 per cent in the same month of the previous year.
Bankers say rates to not drop any further

“We have seen corporates coming back to us and some movement in infrastructure. The retail side is robust,” the MD…

By FE Bureau
December 5, 2020 07:00 IST
The group will study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.
RBI holds repo rate to boost growth, ignores inflation

The reassurance that liquidity would remain easy for the rest of the year and into 2021-22 brought cheer to the…

By FE Bureau
December 5, 2020 06:45 IST
ONGC is understood to have requested the government to consider exempting it from payment of cess, royalties, and profit petroleum until crude prices are less than $45 per barrel.
ONGC Videsh strikes commercial oil in Colombia block

The well is in the CPO-5 block in Colombia, where OVL holds 70% stake. The remaining stake in the block…

By FE Bureau
December 5, 2020 06:30 IST
Tata Power will own a 51% stake in the discoms, while the remainder 49% will be held by the government of Odisha.
Tata Power wins two more Odisha discoms

The four Odisha discoms had cumulatively recorded a loss of Rs 1,539 crore in FY19, of which Nesco losses comprised…

By FE Bureau
December 5, 2020 06:00 IST
Players including the Solar Energy Corporation of India (SECI), NTPC, GSEC, Suzlon and Adani Group have decided to start power generation activities at this hybrid park, he said.
Gujarat’s renewable energy capacity set to touch 12,000 MW

Confirming the development, a senior official in the state energy department said that despite the pandemic, Gujarat has emerged the…

By FE Bureau
December 5, 2020 04:00 IST
This includes the case of Sunil Gutte, son of a Maharashtra MLA who is accused of fake invoice scam worth Rs 520 crore.
GST fraud: Govt goes into overdrive, over 100 arrests in 3 weeks, one denied bail

Apart from the number of instances, the enormity of the fraud can also be gauged from the fact that, one…

By FE Bureau
December 5, 2020 03:00 IST
navic
Chennai start-up Agnikul inks agreement with Isro to help develop launch vehicle

Agnikul is the first company to sign an agreement with Isro under the newly proposed IN-SPACe (Indian National Space Promotion…

By FE Bureau
December 5, 2020 00:15 IST
Shiromani Akali Dal supremo Parkash Singh Badal on Thursday returned his Padma Bibhushan title to show allegiance to the farmers’ cause.
Farmers’ stir: Centre cedes some ground, but the logjam yet to ease

After a seven-hour joint meeting with as many as 40 farmer groups, agriculture minister Narendra Singh Tomar said the Centre…

By FE Bureau
December 4, 2020 06:45 IST
Funds would also be invested in innovation and new platforms as also to grow and strengthen newly-launched products — mutual funds, wealth, insurance and gold — in a bid to grow the user base.
Flipkart partially spins off PhonePe in $700-m fundraising round

As founder and CEO, PhonePe, Sameer Nigam has pointed out, the capital is a war chest that can help the…

By FE Bureau
December 4, 2020 06:30 IST
The other concerned its unsecured personal loan business, where it had been preparing to substantially digitise the open market acquisition over a three to five-month horizon.
RBI diktat: HDFC Bank told no digital launches, new credit cards

After the development was made public, its shares erased gains to end 2.13% lower than their previous close on the…

By FE Bureau
December 4, 2020 06:00 IST
According to the official, industrial plots have already been allotted to 1,150 units.
GIDC aims to house 5,000 units at 12 new industrial estates

Sources said the land acquisition for nine of the 12 industrial estates, near Surendranagar, Anand, Patan, Mehsana, Chitrod in Kutch,…

By FE Bureau
December 4, 2020 04:15 IST
gst, gst news
Supreme Court upholds levy of GST on lottery, gambling

“The inclusion of actionable claim in definition “goods” as given in Section 2(52) of CGST Act, 2017 is not contrary…

By FE Bureau
December 4, 2020 04:00 IST
Progressively, the outlook for this technology to make further forays into the general aviation space look very promising.”
The ePlane Company raises seed funding from Speciale Invest to build flying taxis

The fresh round of financing will allow the company to augment building critical infrastructure and a world-class engineering team to…

By FE Bureau
December 4, 2020 03:00 IST
GST
GST shortfall: Chhattisgarh latest to join Centre’s borrowing scheme

The borrowing proposal was presented to states after it became clear that compensation fund, which collects proceeds from cess imposed…

By FE Bureau
December 4, 2020 02:45 IST
Insurers settle 4.79 lakh Corona claims amounting to Rs 4,427 crore

The number of deaths caused by the virus stood at 1.38 lakh. Officials in the industry said the average claim…

By FE Bureau
December 4, 2020 02:15 IST
The Reserve Bank of India (RBI) has barred HDFC Bank from launching digital banking initiatives and issuing new credit cards.
SBI says YONO app down due to system outage

The steps by the regulator were taken after taking a serious view of service outages at the country’s largest private…

By FE Bureau
December 4, 2020 02:00 IST
Upon completion of the latest round of expansion, UltraTech’s capacity will grow to 136.25 MTPA, reinforcing its position as the third-largest cement company in the world, outside of China.
UltraTech Cement announces Rs 5,477 crore investment to expand capacity

The capital outlay, given the current economic backdrop, is aligned with the government’s Atmanirbhar Bharat program. It is also a…

By FE Bureau
December 4, 2020 01:45 IST
Recently, Max Estates started construction of its third commercial realty project in Noida to be built at a cost of Rs 400 crore with New York Life Insurance Company as the financial partner.
Max Estates leases office space to YES Bank in Noida

Built with an investment of about `600 crore and a net leasable area of more than 5.5 lakh sq ft,…

By FE Bureau
December 4, 2020 01:15 IST
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