Banks' disbursement to MSMEs rises over Rs 21K cr

New Delhi (IANS) The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS).

As of June 18, 2020, public sector banks have sanctioned…

E-commerce policy may incentivise kiranas for joining online ecosystem

New Delhi (IANS) India may soon incentivise kirana stores which become part of the e-commerce ecosystem by converting their operations to handle both online and offline sales.

The special package of incentives for the smaller format mom and…

Difficult for Vodafone Idea to pay upfront AGR dues: Report

New Delhi (IANS) Vodafone Idea will find it challenging to pay more than Rs 50 billion of incremental upfront dues in the AGR dues, according to brokerage, Credit Suisse.

In a report it said that after having paid Rs 69 billion of AGR dues,…

Goods purchased and sold overseas will attract GST in India: AAR

New Delhi (IANS) A ruling by the Gujarat bench of the Authority for Advance Ruling (AAR) has said that Goods and Services Tax (GST) will be levied on Merchant Trade Transactions (MTT) where goods are not entering India but the transaction is in overseas…

Hero Cycles expects market share growth to buck Covid impact

New Delhi (IANS) Leading bicycle maker Hero Cycles expects to increase its market share in India to 45-50 per cent in the current financial year, despite the slowdown caused by the coronavirus pandemic and the nationwide lockdown.

In an interview…

Paytm to shift all Delhi-NCR operations to new Noida campus

Noida (IANS) Leading financial services platform Paytm has set up its largest campus yet in Noida and plans to gradually shift all operations based in Delhi-NCR to the new sprawling campus, including the headquarters of One97 Communications, by the…

Chinese investors dominate funding in Indian unicorns

New Delhi (IANS) Chinese brands and cuisine are facing a backlash in India from lawmakers following the incidents in Ladakh but the fact remains that many leading unicorns are funded with Chinese funds.

Nationalistic fervor and intense anger…

AIIB's $750 mn loan to India for corona response

New Delhi (IANS) The Asian Infrastructure Investment Bank (AIIB) has approved a $750 million loan to India to assist the Centre in its fight against the coronavirus pandemic and its impact on the poor.

This loan follows a $500 million emergency…

SC to Centre, if moratorium is announced, ensure benefits for customers

New Delhi (IANS) The Centre cannot say that it is between the banks and the customers, observed the Supreme Court while hearing petitions against the levy of interest on loan repayments, which were deferred for customers availing the six-month moratorium…

Equities trim gains as border tension with China escalates

Mumbai (IANS) The Indian equity indices closed in the green on Tuesday, although they pared major gains made during the initial trade over escalation in the India-China border tension.

After the gap-up opening, indices fell from the day's…