NBFCs need to monitor rollover and interconnected risks: CEA

New Delhi (IANS) Chief Economic Advisor (CEA) Krishnamurthy Subramanian on Thursday said that non-banking financial companies (NBFC) should monitor their rollover risk and interconnected risk and should also strive for further deepening of financial…

Markets open on positive note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

The Sensex of the BSE opened at 40,664.35 points which was also the high point. The Sensex touched a low of 40,406.17 points.

On Tuesday, the…

Haryana RERA penalises several realtors for malpractices

Chandigarh (IANS) Acting tough, the Haryana Real Estate Regulatory Authority has penalised several colonisers for indulging in malpractices.

The RERA bench, headed by its Chairman K.K. Khandelwal and member S.C. Kush, on Tuesday took action…

Flipkart Group garners 68% of Rs 29,000cr festive sales: Report

New Delhi (IANS) Riding on a shopping surge in smaller towns and cities, Flipkart Group emerged as overall leader during the week-long festive sales, accounting for 68 per cent of the total sales as the country saw a massive 55 per cent (year-on-year)…

In Bezos vs Ambani battle, focus on disclosures by Amazon

New Delhi (IANS) In the Jeff Bezos vs Mukesh Ambani battle royale for the Indian retail market, which is now also evolving into a 'videshi vs swadeshi' battle, questions are being raised by corporate watchers.

Eight absolutely unknown…

RBI notifies interest waiver scheme: Directs banks, NBFCs to comply

New Delhi (IANS) The Reserve Bank of India (RBI) has notified the Centre's scheme for ex-gratia payment of difference between interest on loans of up to Rs 2 crore in a bid to provide amid the pandemic.

In a notification, RBI said: "All…

Taxes on petrol, diesel may go up further to mobilise additional revenue for Covid relief

New Delhi (IANS) The economic crisis triggered by the Covid-19 pandemic and subsequent pressure on revenues may again push the Centre to raise excise duty on petrol and diesel.

Sources indicated that another Rs 3-6 per litre increase in excise…

Deal with RIL in line with Indian laws, not party to agreement with Amazon: Future

Mumbai (IANS) After a Singapore arbitration court ordered a temporary stay on Reliance Retail's acquisition of the debt laden Future Group's retail business, the latter has said that the deal with Reliance Retail is in consonance with Indian…

Muthoot Finance to raise Rs 2K cr through public issue of secured NCDs

New Delhi (IANS) Muthoot Finance Ltd. on Monday announced its 23rd series of Public Issue of Secured Redeemable Non-Convertible Debentures of face value of Rs 1,000 each.

The Issue is with a base issue size of Rs 100 crores with an option to…

Franklin Templeton likely to approach SC over Karnataka HC order

New Delhi (IANS) Franklin Templeton India may appeal in the Supreme Court against the Karnataka High Court's order regarding the winding up of the six schemes.

In a letter to the investors, Sanjay Sapre, President, Franklin Templeton Asset…