88% of Rs 14K cr AIF funding goes to startups in 5 states; K'taka tops list

New Delhi (IANS) Nearly 88 per cent of the investments made by Alternative Investment Funds (AIFs) under the Startups FFS (Fund for Funds) Scheme have gone to five states. Karnataka has topped the list of states with an investment of Rs 4,687 crore…

Regulators are experts in their domain, says FM on Adani row

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Saturday said that regulators in India are quite experienced and experts in their domain.

She said this when asked to react to Supreme Court's observation on the Hindenburg-Adani group…

'How do we protect interest of Indian investors', SC seeks Sebi's response on Hindenburg report

New Delhi (IANS) The Supreme Court on Friday observed that there is a need for a robust regulatory framework to protect the interest of the investors and if Centre agrees, a committee may be set up to suggest regulatory improvements.

The Supreme…

Electric 2-wheelers grew 300% in India in 2022: Report

New Delhi (IANS) The automotive electric 2-wheelers (E2W) market grew by more than 300 per cent (year-on-year) in CY2022, a report has said.

By 2025, the share of E2Ws and connected 2-wheelers (C2W) will both cross 50 per cent.

The share…

Lower underwriting loss, higher investment income, GIC Re posts Rs 3,749 crore PAT

Chennai (IANS) Driven by higher investment income and lower underwriting loss and despite a lower premium, India's national reinsurer General Insurance Corporation of India (GIC Re) on Thursday said it closed the nine months, ended December 31,…

RBI's 25 bps rate hike to increase home loan EMI

Chennai (IANS) The 25 basis points (bps) hike in the repo rate by the Reserve Bank of India (RBI) will result in an additional equated monthly instalment (EMI) of Rs 16 per lakh, said a top official of Sundaram Home Finance.

The RBI on Wednesday…

One client will not affect Indian banking system: RBI Governor on Adani row

Chennai (IANS) An individual client -- Adani Group -- will not bring down the Indian banking system as the country's banking sector is resilient and strong, Reserve Bank of India (RBI) Governor Shaktikanta Das said.

Queried about the Indian…

RBI hikes repo rate by 25 bps, inflation outlook mixed

Chennai (IANS) The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50 per cent.

Wednesday's MPC meeting is the last one for this fiscal.

The repo rate is…

ONGC in talks with ExxonMobil, Equinor for exploration technology sharing

Bengaluru (IANS) State-owned explorer Oil and Natural Gas Corporation Ltd (ONGC) is in talks with global majors like American oil and gas giant ExxonMobil and Norwegian energy multinational Equinor on technology sharing for revamping its exploration…

Adani row: Limited risks for Indian banks, no impact on sovereign ratings, says Fitch Ratings

Chennai (IANS) Global credit rating agency Fitch Ratings on Tuesday said that Indian banks' exposure to the Adani group do not present any major risk to the banks' standalone credit profiles.

In a statement issued the credit rating…