File image. | Photo Credit: The Hindu Equity benchmark indices ended on a flat note on December 5, with the BSE Sensex falling nearly 34 points, recording its second day of decline after an eight-day rally. In a volatile trade, the 30-share BSE benchmark dipped 33.9 points or 0.05% to settle at 62,834.60. During the […]
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Regulations boosted customer confidence in fintech lending as a result disbursement increased by 216% over the last year, said Fintech Association for Consumer Empowerment (FACE), a self-regulatory body for fintech lenders. Implementation of RBI’s digital lending guidelines brought tailwinds for the industry as it set clear rules and standards, boosting the confidence of the customers, […]
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China is set to snap up significant volumes of low-grade Indian iron ore in coming weeks, as Chinese steelmakers seek out cheaper raw materials to cope with meagre profits, said traders and analysts. On November 19, India scrapped a 50% export tax on iron ore that been in place since May, and although the country […]
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Automakers are likely to plan an aggregate capital expenditure outlay of ₹65,000 crore over FY2023-FY2025 to ramp up capacity to meet demand and for new product development, according to Icra. The rating agency said wholesale volumes are projected to touch an all-time high of 3.7-3.8 million units in FY2023, a growth of 21-24% from FY22, backed by […]
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Motilal Oswal Alternates (MOA), the alternative investments arm of Motilal Oswal Group, said it had made an investment of ₹450 crore in two projects of Shapoorji Pallonji Real Estate. While one is a partially completed, leased and operational commercial project located in Manesar, the other one is a residential township project started in 2021 and had […]
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The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India Bank credit growth improved to 17.2% in the September quarter from 7% in the year-earlier period, reflecting pick-up in economic activities. “Credit growth remained broad-based: all population groups and bank groups recorded double-digit annual growth,” the […]
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Representational photo | Photo Credit: AMIT DAVE The government has received about ₹5,001 crore as dividend tranche from ONGC, taking the total dividend receipt from all CPSEs (central public sector enterprises) so far this fiscal to ₹23,797 crore. “The government has received about ₹5,001 crore from ONGC as dividend tranche,” the Department of Investment and […]
Continue ReadingSitharaman on Wednesday chaired the fifth meeting of the Governing Council (GC) of National Investment and Infrastructure Fund (NIIF), in New Delhi. Finance Minister Nirmala Sitharaman has urged the National Investment and Infrastructure Fund (NIIF) to expand its operations and explore ways to crowd in private capital for projects under the National Infrastructure Pipeline, PM […]
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‘Focus of taxation must on those who can bear the burden rather than taxing small items of daily use that affect everybody’ ‘Focus of taxation must on those who can bear the burden rather than taxing small items of daily use that affect everybody’ Finance Minister Nirmala Sitharaman asserted on Tuesday that India’s direct tax […]
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Foreign exchange reserves were down for a seventh continuous week, dropping to $545.65 billion on September 16. Foreign exchange reserves were down for a seventh continuous week, dropping to $545.65 billion on September 16. Economic Affairs Secretary Ajay Seth on Tuesday dismissed the concerns over the depletion of forex reserve as “overblown” and said India […]
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