Regarding the new policy on on-tap targeted long-term repo operations (TLTRO), Muthoot said the cost of borrowing could come down for the NBFCs and benefits could be passed down to customers in the form of lower interest rate
“Cashew industry went through an upheaval not seen in a long time. In less than a month, raw cashew prices came down about 30% and kernel prices came down about 20%.The third quarter has seen things becoming stable but no
Gopinathan, who is a shareholder of the bank along with NRIs B Ravindran Pillai and MA Yusuf Ali, told FE that Gurbaxani was trying to change the nature of the bank and harm the interests of the shareholders.
Indian cardamom production is likely to fall short in the current season due to the unprecedented floods and subsequent prolonged dry spell experienced in major growing regions in the country, according to the data compiled b
The inter-governmental organisation of 13 rubber producing countries in its latest report said the global demand for NR is likely to fall by 2.9 % in Q3 of 2020, after it fell 15% in Q1 because of China and 15.8% in Q2 due to
The smart glass has 64GB ROM, Wi-Fi, Bluetooth and 6DOF head tracking. It runs on Planet OS, a unique and simple operating system developed by the team using Android Open Source Projects, which is highly optimised for low pow
Regarding the key market of the US, Fofandi says that while it is seen subdued currently, there are some positive signs. Supermarket sales, which give better margins, have picked up in comparison to institutional sales, he sa
VT Chandrasekharan, president of AIRIA, told FE that India has tremendous potential to grow and could become a hub for sourcing rubber components and products if the inverted duty structure in the rubber sector is corrected.
Two Indian Companies considered the opportunity and set up plants in Xinjiang and Suzhou Province, but were forced to close down the plant after a few years due to the deliberate restrictive policies by China.
The lender has also introduced a new product called ‘Gold UNLOCKER’ which will help customers unlock the value of their idle gold lying in bank lockers or home safes through an overdraft facility for their gold jewellery.
“Gold loan is one sector, which is showing growth but there is good competition. Two-wheeler loans are seen growing with people preferring own vehicles to public transport. We are also looking at used car loans,” he added