Industry

HDFC Bank aims to tap more rural MSMEs; plans to expand reach to 2 lakh villages in 2 years

Credit and Finance for MSMEs: HDFC Bank, which claimed to be the second-largest lender to the MSME segment in India, offers its services to MSMEs in over 550 districts in the country.

Fuel supply by Coal India to power sector rises 11% in August

Coal India which accounts for 80 per cent of the country's coal output had supplied 34.64 million tonnes (MT) of coal in August last fiscal, according to official data

New York court pauses tax suit to allow Cairn to settle dispute with India

This follows Cairn Energy and Air India jointly asking the court to stay further proceedings in view of the fresh government enacting a fresh law to scrap retrospective taxation in the country.

ICICI Pru Life in discussion for onboarding Account Aggregator system: Official

Procuring data from a single source will not only bring efficiency but will also help reduce the cost for the customers, he said.

ICICI bank, ICICI Prudential Life Insurance Company Ltd, Account Aggregator system, financial data sharing platform, banks, insurers, fintech companies, financial assesement of a person

Pelosi, Schumer and Indian cabinet ministers to address annual leadership summit of USISPF

The fourth Annual Leadership Summit of USISPF to be held from September 29 to October 1

Outlook for gas: Plant load factor to double by FY25; fertiliser and power sectors to benefit from move

Fertiliser and power sectors are the largest consumers of natural gas, consuming 51% of total gas available in the country.

Plant Load Factor (Power Plant)

Primary agriculture cooperative societies to get larger role in running farm schemes: Amit Shah

Just about two decades ago, credit cooperatives covered 69% of the rural credit outlets and their share in rural credit was fairly impressive, at 45% of the total rural credit in the country.

Amit Shah at National Cooperative Conference

Reliance Infra board approves raising Rs 737 crore as foreign currency convertible bond

The unlisted bonds will be convertible into equity shares of Rs 10 each at a conversion price of Rs 111 per equity share, a premium of Rs 101, and 19.70% more than the floor price.

reliance infrastructure

Rupee Coop Bank depositors oppose DICGIC decision to pay Rs 5 lakh to account holders of stressed coop banks

Besides PMC, the large banks include Rupee Cooperative Bank, Kapol Cooperative Bank, Maratha Coop Bank, and City Coop Ban, all from Maharashtra.

rupee co-op

1.66 cr informal workers registered on e-Shram portal

The minister handed over the cards in person to 10 workers, who would now be able to avail the benefits of government schemes, wherever they are in the country, the ministry said in a release.

About the evolution of labour laws in the country, Yadav said that multiplicity of laws has led to a situation where the workers are not aware where exactly applications for matters such as uniform wages, payment of wages and industrial disputes are to be submitted. (Representative image)

Financial bids received to be opened after technical bid scrutiny: Union Civil Aviation Minister Jyotiraditya Scindia on Air India divestment

Currently, the technical bids are being scrutinised. Financial bids will be opened only after scrutiny of technical bids," the Civil Aviation Minister told reporters here.

According to a source, multiple financial bids have been received for the airline. However, specific details about the bids could not be immediately ascertained.

Realme Narzo 50A, Realme Narzo 50i launched in India: Check features, price

So far as the cost of the new Realme Narzo 50A in India is concerned, the phone will cost Rs. 11,499 for the 4GB RAM + 64GB storage variant and Rs. 12,499 for the 4GB RAM + 128GB variant.

Flipkart is changing ‘The Big Billion Days’ dates to October 3-10

In the past too, the two companies have gone head to head during the festive season with their sale events, offering great deals, new launches and attractive affordability options like EMI offers via

The change in dates come a day after Amazon India's announcement that it will host its month-long festive season sale - The Great Indian Festival (GIF) - from October 4.

West Bengal: Jute committee suggests govt not to enforce permanent workers clause in mills

The committee was setup in 2019 and was entrusted to categorise workmen in jute industry besides maintenance of certain category of workers.

The report was submitted in June this year and the state government placed it on Friday at a meeting with the workers unions and the industry, mill owners said. (File image)

IndiGo says no direction to company in arbitration award related to promoters’ feud

In a regulatory filing, InterGlobe Aviation said it is in receipt of the final arbitral award, dated September 23, issued in the arbitration proceedings wherein the company was also named as a respond

indigo, London Court of International Arbitration , rahul Bhatia, nterGlobe Aviation, arbitration proceedings, InterGlobe Enterprises Ltd

WPP settles with US SEC charges of bribery in India, other FCPA violations; to pay $19 mn to watchdog

In July 2011, WPP acquired a majority interest in an agency located in Hyderabad which became a FIC entity within a WPP Network.

US SEC charges of bribery, Securities and Exchange Commission, US markets watchdog SEC, bribery schemes at India subsidiary,

MP govt has begun process to set up diamond park in Panna: Chouhan

Panna district, located over 380 km from Bhopal, has reserves estimated to be containing diamonds totalling 12 lakh carats, according to officials

Panna district, Madhya Pradesh government, polishing park in the state's Panna district, Polytechnic College Ground, 105 diamonds, government royalty and taxes

Scooter review: Hero Electric Optima HX very practical, but not yet aspirational

The Optima HX is great fun to ride around home, for daily errands such as buying groceries, and it has a dual battery option so that you don’t have to visit a charging station, ever.

RBI allows banks to sell fraud loans to asset reconstruction companies

“The transfer of such loan exposures to an ARC, however, does not absolve the transferor from fixing the staff accountability as required under the extant instructions on frauds,” the RBI said in

The guidelines said that lenders must put in place a comprehensive board-approved policy for transfer and acquisition of all loan exposures.

Commercial banks account for over 93% of premium payments to DICGC in FY21

Commercial banks, including local area banks (LABs) and regional rural banks (RRBs), paid a total premium of Rs 16,341 crore in 2020-21, while co-operative banks paid Rs 1,176 crore.

Earlier this week, the DICGC said it shall pay the depositors of 21 insured banks facing restrictions on withdrawal an amount equivalent to the deposits outstanding up to a maximum of Rs 5 lakh within 90 days.

Mispricing of risks cause for concern: SBI chairman Dinesh Kumar Khara

“We have started seeing traction (in credit demand) from public sector enterprises and some private sectors are also coming for fresh investment,” he said.

Khara said there are “green shoots” visible in certain sectors, including commodities, iron & steel and aluminium. (File image)

Report leak: Probe to continue, Delhi High Court raps Google for writing to CCI chief

"There are accusations against a government body and there is not a word (in Google's affidavit) showing when and how it was done... They are trying to frustrate the proceedings. If they are aggrieved

The court also observed that if a report is to be kept confidential as per law, it should be kept so, observing that if at all there is a leak of confidential information then it should be probed.

Labour codes: Draft rules released by 15 states, yet reforms may not be rolled out in FY22

The Union labour ministry had planned to implement the four codes on industrial relations, wages, social security and occupational health safety & working conditions from April 1, 2021.

Since labour is on the concurrent list and the codes have a concept of “appropriate government.” (Representative image)
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