Parliamentary Panel Suggests Stimulus ‘inadequate’, 25 per cent of MSME loans may default

Parliamentary Panel Suggests Stimulus ‘inadequate’, 25 per cent of MSME loans may default

A parliamentary panel studying the impact of Covid-19 pandemic on MSMEs has noted in its report that the stimulus package declared by the Central government is “inadequate” as the measures were more of loan offerings and long term,...

Guide to hiring a freelance developer for your business

Guide to hiring a freelance developer for your business

The global online market is becoming more competitive, which makes it more vital for businesses to stand out from the crowd. 75 per cent of individuals believe that they evaluate the authenticity of any business through its...

"Enough time given": RBI unlikely to lift restrictions for barred payment service providers

The Reserve Bank of India (RBI) is unlikely to relax the restrictions on payment services providers not complying with data localization norms anytime soon, stated two government officials. The banking regulator and the government believe...

India's First Green Hydrogen Plant to be Built by IndianOil

India's First Green Hydrogen Plant to be Built by IndianOil

IndianOil (Indian Oil Corporation Limited) has announced that its Mathura refinery in the Indian state of Uttar Pradesh will be home to India's first green hydrogen facility. The project would bolster the state-run oil and gas company's...

During the Five Years of the IBC Regime Lenders Saw 61 percent Reduction in Claims, shows Data

During the Five Years of the IBC Regime Lenders Saw 61 percent Reduction in Claims, shows Data

Since the Insolvency and Bankruptcy Code (IBC) regime was rolled out five years ago, public and private sector banks, non-banking financial institutions, and other financial lenders to companies undergoing corporate insolvency resolution process...

US Secretary of State Antony Blinken to arrive in New Delhi Today & Discuss Bilateral Relations

US Secretary of State Antony Blinken to arrive in New Delhi Today & Discuss Bilateral Relations

US Secretary of State Antony Blinken to arrive in New Delhi today and his main purpose of visit is to discuss bilateral relations, regional issues including Afghanistan, Pakistan sponsored terrorism, Indo-pacific among various other issues with...

Q1 net tax grew up 85.6 percent at Rs 5.5L crore

 Q1 net tax grew up 85.6 percent at Rs 5.5L crore

The government’s total tax revenues, including the direct taxes and indirect taxes, grew 85.6 per cent to Rs 5.57 lakh crore, government data shared in the Parliament on Monday has revealed. Net direct tax collection in the April-June...

Finance Ministry Proposes the Terms of CEOs and EDs of State-Owned Banks be Extended

Finance Ministry Proposes the Terms of CEOs and EDs of State-Owned Banks be Extended

As part of its efforts to ensure stability and continuity at state-owned lenders amid the pandemic, the finance ministry has recommended extending the tenure of three managing directors and chief executive officers (MDs and CEOs) and 11 executive...

Aditya Birla and Voda Group may Dilute their Interest in Voda Idea

Aditya Birla and Voda Group may Dilute their Interest in Voda Idea

If a strategic investor wants to take control of Vodafone Idea Ltd (VIL), Vodafone Group Plc and Aditya Birla Group may transfer control, according to two persons familiar with the internal negotiations. The development marks new thinking on...

IFC, HDFC Venture Into $250 Million Partnership to Endorse Economical Green Housing Finance in India

IFC, HDFC Venture Into $250 Million Partnership to Endorse Economical Green Housing Finance in India

India’s largest mortgage lender Housing Development Finance Corporation (HDFC) and the World Bank Group member IFC have entered into an agreement to promote green housing in India through lending for affordable and low-income housing....

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