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A view of a damaged house after cyclone Gaja hit Pudukkottai district of Tamil Nadu on Friday. (Photo: File/PTI)

Odisha may see short-term spike in MFI delinquencies

Odisha had witnessed a sharp rise in Gross Loan Portfolio in the past two years.

9 May 2019 2:34 AM IST

Corporate Affairs Secretary Injeti Srinivas said exposure worth Rs 12,000 crore would be settled by July end.

RBI follows tribunal dictat on IL&FS loans

RBI allowed banks to treat exposure to IL&FS and its group entities as non-performing assets following the NCLAT order.

9 May 2019 2:24 AM IST

It would have more than 5,000 shops, 300 retail outlets with world-class infrastructure, warehousing, logistics, supply and trade ecosystem. (Photo: Pixelbay)

US-China deal may lift bond yield

The market participants are speculating that the RBI may conduct OMO purchase auction on Thursday.

8 May 2019 6:25 AM IST

The confluence of stable prices, upcoming wedding season and pent-up demand made this Akshaya Tritiya memorable for the gold and jewellery sector, which saw demand bouncing back after a gap of two years. Jewellers across the country witnessed on an average 15 to 20 per cent growth in sales over last year.

Akshaya Tritiya sees bounce back in gold, jewellery sales

Discounts coupled with a drop in prices from the recent high in February made the day more auspicious for buyers.

8 May 2019 5:10 AM IST

The industrial sector contributed over 15 per cent to the NPAs followed by agriculture and services in the region of six per cent and retail loans which were the lowest at 2.3 per cent.

5 platforms that could help the smooth financing of your short term...

People typically take short-term loans to repay credit card bills, medical bills or even to fund a vacation.

7 May 2019 1:20 PM IST

US Federal Reserves meeting tomorrow is expected to put gold on an upward trajectory and leave behind the interest rate narrative that has been controlling the price movement for quite some time.

Factors to consider before applying for gold loan

Gold loan remains a popular borrowing option for those in immediate need of money within a short time span.

7 May 2019 12:50 PM IST

An FMP by definition has to pay its investors on a pre-determined date, and a fund house that is unable to meet its commitment can easily trigger shrill warning bells.

FMPs may no longer be seen as FD alternative

HDFC and Kotak, two storied asset management companies, have recently rolled over a number of FMPs.

7 May 2019 5:33 AM IST

The ongoing general elections seem to have taken its toll on the countrys solar sector.

Polls bring solar bids to a halt

In an earlier study, Mercom had reported that the solar industry seemed to be progressing at a sluggish pace in the...

7 May 2019 5:15 AM IST

Its mandatory by law to own a third-party insurance for your vehicles. Third party is any party apart from you or the insurance company that may suffer damages due to an accident caused by your vehicle.

What all will your car insurance not cover?

Looking at some common exclusions from motor insurance policies.

6 May 2019 6:59 AM IST

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

Fishing in troubled waters of finance sector

Non-banks borrow from their competition (banks), mutual funds, insurance companies and institutional investors.

6 May 2019 6:52 AM IST

If Jhobalias optimism is anything to go by, the sector is witnessing a buyer-friendly market and that could bring back fence-sitters waiting for the perfect opportunity to invest in their dream home.

Realtors expect boost from Akshaya Tritiya

More or less similar sentiments were echoed by Ritwik Das, MD, Bluechip Projects.

6 May 2019 6:45 AM IST

Indias sugar output in the last marketing year (October-September 2018) was also a record of the sort at 32.5 million tonne.

Sugar faces supply pressure

The Centre has recently increased the monthly sugar sales quota by 17 per cent month-on-month to 2.1 million tonne in...

6 May 2019 3:27 AM IST