Month: December 2022

SFL executive vice chairman Umesh Revankar said the company will finance buying of vehicles and equipment in new and untapped markets to provide business opportunities and generate employment. | Photo Credit: PAUL NORONHA Multilateral funding agency Asian Development Bank (ADB) has sanctioned $100 million (about $830 crore) to Shriram Finance Limited (SFL) to provide vehicle […]

The net claims of non-residents on India increased by $34.3 billion during Q2 of FY23 and stood at $389.6 billion in September, data released by Released Bank of India (RBI) on India’s International Investment Position (IIP) indicate. As per the data, India’s international financial assets declined by $56.5 billion during July-September 2022 with valuation losses […]

Markets watchdog SEBI on Friday asked stock exchanges and clearing corporations to put in place a platform to help investors in case there is a disruption of services caused by systems beloging to trading members. After extensive consultations, the regulator has decided to introduce the Investor Risk Reduction Access (IRRA) platform and time has been […]

 Adani Group has acquired Roys’ share at the price of ₹342.65 per share. Based on this price, the sale of 1.75 crore shares would have fetched the Roys up to ₹602.30 crore. | Photo Credit: ADNAN ABIDI The Adani Group on Friday said it has acquired 27.26% equity stake in NDTV from Prannoy Roy and […]

The overall reserves had dropped by $571 million to $563.499 billion in the previous reporting week, snapping a five-week trend of an increase in the kitty. | Photo Credit: WANA NEWS AGENCY India’s forex reserves dropped by $691 million to $562.808 billion as of December 23, making it the second consecutive week of decline in […]

Banks’ personal loans grew by 19.7% in November. Indian banking system’s outstanding credit to the services sector jumped by 21.3% year-on-year in November compared with 3.2% a year earlier, data released by the Reserve Bank of India showed on Friday. The jump was led by a 33% rise in the credit given to non-banking finance […]

According to the Gems and Jewellery Export Promotion Council, India has the potential to be the repair hub of the world and and a progressive repair policy can help increase exports by up to $300-$400 million. | Photo Credit: MUSTAFAH KK New Delhi The Commerce Ministry has sought a reduction in the import duty on […]

Demand in urban pockets was very weak as potential consumers were in vacation mood, said a Mumbai-based dealer with a private bank. | Photo Credit: DEEPAK KR * Physical gold demand in India remained muted this week as domestic prices jumped to their highest level in nearly 10-months, with buying activity across Asian hubs also […]