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Showing posts with label Economy News. Show all posts
Showing posts with label Economy News. Show all posts

Tuesday, August 6, 2019

FM Nirmala Sitharaman to address delay in disbursal of loans to ease MSME worries

FM Nirmala Sitharaman to address delay in disbursal of loans to ease MSME worries
The minister’s meeting was part of a series of such sessions lined up with representatives of various sectors till August 11

Source: TFE

Current conditions are slightly more subdued than what we would like: Ashish Dixit. MD, Aditya Birla Fashion and Retail

Current conditions are slightly more subdued than what we would like: Ashish Dixit. MD, Aditya Birla Fashion and Retail
There is still a large part of markets and product categories where the consumer is upgrading from unbranded to branded, and there is a constant journey of new consumers flowing into this category, says Ashish Dixit, Managing Director, Aditya Birla Fashion and Retail Ltd (ABFRL)

Source: TFE

Indian diaspora condoles Swaraj’s demise, remembers her as a ‘caring’ minister

Indian diaspora condoles Swaraj’s demise, remembers her as a ‘caring’ minister
One of the most prolific politicians of India, who brought a rare empathy and a human approach to the nation's diplomacy, Swaraj's sudden demise triggered a wave of shock and grief among Indians living in Houston

Source: TFE

Monday, August 5, 2019

Government revokes Article 370 in Jammu and Kashmir, splits it into two Union Territories

Government revokes Article 370 in Jammu and Kashmir, splits it into two Union Territories
Shah tabled the Bill and the statutory resolutions after President Ram Nath Kovind signed the official notification, The Constitution (Application to Jammu and Kashmir) Order 2019, superseding the Constitution (Application to Jammu and Kashmir) Order 1954 under which the Constitution was applied only selectively to the state.

Source: TFE

Article 370 revoked in Jammu and Kashmir: NC, PDP leaders call it ‘betrayal’ as divided opposition warns of consequences

Article 370 revoked in Jammu and Kashmir: NC, PDP leaders call it ‘betrayal’ as divided opposition warns of consequences
With the AIADMK, BJD, Aam Aadmi Party, BSP and YSRCP backing the Government, the Congress was left with the TMC, CPM, CPI, DMK, RJD and Samajwadi Party in opposing the Centre’s move.

Source: TFE

High inventory, low sales: Bajaj Auto, TVS Motor offer zero-interest loans to woo customers

High inventory, low sales: Bajaj Auto, TVS Motor offer zero-interest loans to woo customers
Bajaj Auto and TVS Motor Co, for instance, have rolled out the product in parts of Maharashtra and south India. Hero MotoCorp is offering the discounted rate in parts of Uttar Pradesh and other rural pockets in north India, interactions with dealers revealed.

Source: TFE

Slowdown fears: FM Nirmala Sitharaman lined series of meetings, banks asked to step up lendings

Slowdown fears: FM Nirmala Sitharaman lined series of meetings, banks asked to step up lendings
FM lines up series of meetings; banks asked to step up lending to NBFCs, MSMEs, auto sector

Source: TFE

Manic Monday: Markets bear the brunt of Yuan slide, Kashmir

Manic Monday: Markets bear the brunt of Yuan slide, Kashmir
Gold prices in India jumped over 2% to record levels. Oil prices were also hit due to global headwinds.

Source: TFE

Saturday, August 3, 2019

Jet Airways sale: EoI deadline extended to August 10

Jet Airways sale: EoI deadline extended to August 10
The stipulated deadline for submitting resolution plans is September 5, and the plan is expected to be submitted to the NCLT for its approval on September 20. The entire process is now likely to get delayed, sources said.

Source: TFE

Friday, August 2, 2019

Affordable housing loans: National Housing Bank to infuse Rs 10,000 crore more into housing finance firms

Affordable housing loans: National Housing Bank to infuse Rs 10,000 crore more into housing finance firms
The National Housing Bank (NHB) will infuse an additional Rs 10,000 crore into eligible housing finance companies (HFCs) in its financial year through June 2020 to shore up liquidity and improve flow of funds for affordable housing loans for individuals, the finance ministry said on Friday.

Source: TFE

Sunday, July 28, 2019

Big relief for foreign firms! Govt panel says no need to mirror personal data in India

Big relief for foreign firms! Govt panel says no need to mirror personal data in India
Dilution of Srikrishna panel recommendations which had said firms need to store a copy locally

Source: TFE

Fact check: Actual fiscal deficit in FY19 was 6.1 per cent

Fact check: Actual fiscal deficit in FY19 was 6.1 per cent
Budget 2019 India: So, as many experts have pointed out, there is actually upward spiral in the general government deficit, while the official line is that the prescribed glide path is being adhered to.

Source: TFE

Real estate crisis: Homebuyers stay away, builders left with big inventory

Real estate crisis: Homebuyers stay away, builders left with big inventory
Experts at Liases Foras put the average cost of an apartment at Rs 60 lakh, but in cities such as Mumbai, Delhi or even Bengaluru, it is well above this.

Source: TFE

Saturday, July 27, 2019

Moscow police arrest hundreds at banned rally for fair elections

Moscow police arrest hundreds at banned rally for fair elections
In all, "1,074 people have been arrested for a variety of offences during an unauthorised demonstration in the centre of the capital", Moscow police were quoted as saying by Russian news agencies.

Source: TFE

Friday, July 26, 2019

Offshore sovereign bond: Plan under review amid calls for caution

Offshore sovereign bond: Plan under review amid calls for caution
New DEA secretary set to re-examine proposal, hold talks with RBI and brief PMO

Source: TFE

Auto blues: Maruti’s Q1 net profit falls 27.32%

Auto blues: Maruti’s Q1 net profit falls 27.32%
Revenue from operations fell 12.19% y-o-y to Rs 19,719.8 crore, though realisations were better.

Source: TFE

Trace origin of mischievous messages: Ravi Shankar Prasad to WhatsApp

Trace origin of mischievous messages: Ravi Shankar Prasad to WhatsApp
“I have conveyed to them that traceability shall be their job. A mechanism should be developed by them and the request for that will also come from appropriately high level so that there is no tinkering in-between. I am very happy to note that the CEO has assured me that he will take prompt action into those matters and address it,” Prasad said.

Source: TFE

DHFL exposure: MFs refuse to take out of turn haircut, seek resolution plan

DHFL exposure: MFs refuse to take out of turn haircut, seek resolution plan
In this case, lenders do not wish to give a haircut to the Employees’ Provident Fund Organisation, PF Trust and retail investors.

Source: TFE

Thursday, July 25, 2019

New CEA Atanu Chakraborty’s experience with global investors to come in handy

New CEA Atanu Chakraborty’s experience with global investors to come in handy
Indeed his stunning success at DIPAM — the government surpassed the divestment target of Rs 80,000 crore in 2018-19 by a handsome Rs 5,000 crore — is proof of his capability to deliver quietly and efficiently.

Source: TFE

Andhra Pradesh HC stays state government’s move to renovate PPAs

Andhra Pradesh HC stays state government’s move to renovate PPAs
Renewable power producers had moved the high court challenging the government’s attempt to renegotiate PPAs and revise tariff.

Source: TFE