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Govt-owned NABARD gives clean chit to Reliance Commercial Finance

Govt-owned NABARD gives clean chit to Reliance Commercial Finance

28-09-2020  comments

New Delhi (IANS) Government owned National Bank for Agriculture and Rural Development (NABARD), the second largest lender to Reliance Commercial Finance Limited (RCF) with over Rs 1,100 crore of secured loan exposure has given clean chit to RCF and…

Rs 3L cr PLI scheme for 10 sectors to boost domestic manufacturing

Rs 3L cr PLI scheme for 10 sectors to boost domestic manufacturing

28-09-2020  comments

New Delhi (IANS) In a major push to domestic manufacturing in the country, the government proposes to pump in over Rs 3 lakh crore through an umbrella production linked incentive (PLI) scheme that will run simultaneously in 10 identified sectors for…

RBI's role in Dhanlaxmi Bank Board should be reviewed: AIBEA

RBI's role in Dhanlaxmi Bank Board should be reviewed: AIBEA

27-09-2020  comments

Chennai (IANS) The role of Reserve Bank of India (RBI) in the Board of Directors of Dhanlaxmi Bank (originally Dhanalakshmi Bank) should be reviewed, said a top official of the largest union in the banking sector.

Stating that the small private…

Centre plans non-tariff barriers on toy imports early next year

Centre plans non-tariff barriers on toy imports early next year

27-09-2020  comments

New Delhi (IANS) In line with its ambitious plan to make India a toy hub and self-reliant in the segment, the Union government is likely to go a step forward and impose further non-tariff barriers on toy imports.

Official sources told IANS…

GST e-invoicing mandatory from October

GST e-invoicing mandatory from October

26-09-2020  comments

New Delhi (IANS) No further relaxation is likely in terms of e-invoicing as the Centre is set to go ahead with the decision to make GST e-invoicing mandatory for companies with annual turnover of over Rs 500 crore for their business-to-business transactions…

Take Off: Festive season to propel air travel, 60?pacity by Diwali: IndiGo CEO

Take Off: Festive season to propel air travel, 60?pacity by Diwali: IndiGo CEO

25-09-2020  comments

New Delhi (IANS) Airline major IndiGo foresees a faster pace of traffic pick-up on the back of upcoming festive season as well as capacity augmentation, the airline's CEO said.

In a conversation with IANS, Ronojoy Dutta, Wholetime Director…

Despite stay on BOB, Indian Bank classifies loan exposure to Reliance Home Finance as fraud

Despite stay on BOB, Indian Bank classifies loan exposure to Reliance Home Finance as fraud

25-09-2020  comments

New Delhi (IANS) Despite a stay by Delhi High Court on Bank of Baroda as the lead bank, Indian Bank has classified its loan exposure to Reliance Home Finance as fraud.

Indian Bank has classified its exposure to Reliance Home Finance Ltd (RHFL)…

India's banking sector recovery to pre-Covid levels may take years: S&P

India's banking sector recovery to pre-Covid levels may take years: S&P

24-09-2020  comments

New Delhi (IANS) The path to recovery will be more painful for emerging markets such as India and the banks' recovery to long-term averages for key asset quality and profitability ratios will take years, S&P Global Ratings said.

India,…

KKR to invest Rs 5,500 cr in Reliance Retail ventures

KKR to invest Rs 5,500 cr in Reliance Retail ventures

23-09-2020  comments

Mumbai (IANS) Reliance Industries Limited on Wednesday announced that global investment firm KKR will invest Rs 5,550 crore into its subsidiary Reliance Retail Ventures Limited to pick up 1.28 per cent equity in the company.

This investment…

Bharti Airtel, VIL shares plunge after Jio unleashes postpaid tariff war

Bharti Airtel, VIL shares plunge after Jio unleashes postpaid tariff war

23-09-2020  comments

Mumbai (IANS) Shares of telecom majors Bharti Airtel and Vodafone Idea Ltd (VIL) were under pressure on Wednesday after Reliance Jio announced a range of postpaid plans with several benefits, to take on both Airtel and Vodafone Idea in the postpaid…

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