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In first such initiative, Srei Equipment Finance Limited, an arm of Srei Infrastructure Finance Limited (Srei), has teamed up with United Bank of India to jointly offer loans to MSME sector and retail customers under a co-lending arrangement.

Srei, United Bank team up to offer MSME loans

The joint initiative is aimed at fulfilling the government's vision of making credit available to MSME and retail...

31 Oct 2019 1:00 AM IST

According to a latest TransUnion Cibil Industry Insights Report, consumer loans grew 17.1 per cent year-on-year (YoY) in Q2 2019, compared to 23.5 per cent in Q2 2018.

Lenders court risky borrowers to push up retail loan growth

Growth in credit cards and personal loans significantly outpaced growth witnessed in auto loans, home loans and loans...

31 Oct 2019 12:53 AM IST

That error - he had credited Albert Einstein for the concept of gravity propounded by Isaac Newton who was born more than two centuries earlier -- made Piyush Goyal the target of many barbs. (Photo: ANI)

India will not sign any free-trade agreement in a rush: Goyal

The RCEP is a mega free-trade agreement being negotiated by 16 countries.

30 Oct 2019 8:03 PM IST

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.

Govt unlikely to go for income tax cut due to fiscal stress

The share of direct taxes to India's total tax revenues peaked at 61 per cent in 2009-10

30 Oct 2019 6:48 PM IST

Before deciding to get married, men and women need to evaluate whether they have the maturity and interpersonal skills necessary to be a good partner. (Photo: Pixabay)

A workshop that ensures marriages are as Jubilant as weddings

Unfortunately, too many people are eagerly hunting for an ideal partner without realizing they should first strive...

30 Oct 2019 5:31 PM IST

The closed sugar mills in the country may get a new lease of life if things move the way it has been envisaged by the Modi 2.0 government.

Govt's Rs 15,000 cr soft loan scheme to sugar mills moving at snail's...

The objective was to help millers in clearing cane arrears and divert surplus sugar for ethanol manufacturing.

30 Oct 2019 3:53 PM IST

Now, any Indian citizen, resident or non-resident and OCIs are eligible to join the NPS till the age of 65 years.

Now OCIs can also subscribe to National Pension System

NPS was initially notified for central government employees joining service on or after 1st Jan 2004.

30 Oct 2019 3:00 PM IST

According to the police, PMC bank officials gave loans to HDIL between 2008 and 2019 despite no repayment of the previous loans. (Photo: ANI)

PMC depositors hold agitation

A delegation of depositors also met a chief general manager-rank officer after the protest in suburban BKC and submitted...

30 Oct 2019 3:39 AM IST

Yuvam seeks to boost teenage entrepreneurship

Both are engaged in global networking to identify and support teenage changemakers and entrepreneurs to make an...

30 Oct 2019 2:11 AM IST

The telecom sector has been going through tough times for the past three years and the SC judgement could lead to further worsening of situation on the hiring front.

Hiring in telecom seen coming to a standstill

The frontline jobs in sales and marketing has especially been under pressure.

30 Oct 2019 1:36 AM IST

Experts are of the view that while a revival in demand is expected during CY2020 to about 5-10 per cent, the October 2019 (post which production of BS III vehicles are not allowed) transition to the next emission norm is a potential headwind given the changes in the equipment and its substantial cost implications.

Liquidity crunch hits MCE industry

Demand slowed down from Q1 CY2019 in light of the general elections which took place in Q2 CY2019.

30 Oct 2019 1:13 AM IST

Bharat PetroResources Ltd (BPRL), an exploration and production subsidiary of BPCL, had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block from the US energy major Anadarko Petroleum Corp for $75 million.

BPCL's 2008 Mozambique deal under Government scanner

Videocon in 2013 sold the same stake to ONGC Videsh Ltd for $2.475 billion.

29 Oct 2019 1:22 AM IST