The Reserve Bank of India's (RBI) proposed stricter norms for non-banking financial companies (NBFC) support strong balance sheets but do not address the issues of funding and liquidity, the key credit weaknesses of the sector, said a report by Moody's Investors Service....
The Reserve Bank's proposals on restricting specific real estate funding by NBFCs will significantly affect land financing by them, India Ratings and Research (Ind-Ra) said in a report....
The government may give a 'Make in India' push to oil and gas explorers, as it is considering a proposal to almost halve cess on domestic crude oil to encourage exploration activity and allow Covid-hit oil producers to protect their margins....
As the housing market revives from the lows hit last year, developers expect more measures in the upcoming budget to boost demand in the real estate sector. ...
The United Nations sees the Indian economy recovering by 7.3 per cent this calendar year after a coronavirus-driven fall of 9.6 per cent last year. ...
The Supreme Court on Monday said it will first deal with the "contentious" issue of the objection to the e-voting process for winding up Franklin Templeton's six mutual fund schemes, and of distribution of money to the unitholders....
Foreign Direct Investments (FDI) into India rose 13 per cent in 2020, backed by investments into the digital sector, said a report by the United Nations Conference of Trade and Development (UNCTAD)....
The Union Government has decided permanently ban 59 Chinese mobile applications including TikTok....
Automobile manufacturer Kia Motors India has sold 1 lakh units since July 2020 in the domestic wholesale market....
The National High Speed Rail Corporation Limited (NHSRCL) is yet to float the tenders for the undersea tunnel for Mumbai-Ahmedabad Bullet train project. Seven Indian companies have shown interest for the construction of the underground station at BKC, Mumbai in the pre-bidding stage, officials said on Monday....
