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Rating agency Icra on Tuesday revised the outlook on NBFCs retail credit growth upwards to about 17-19 per cent for FY18.Business
Govt issues guidelines for Rs 1-lakh cr partial guarantee scheme for...

NBFCs, including HFCs, came under stress following series of defaults by group companies of IL&FS in September last...

14 Aug 2019 8:56 AM IST

A few decades ago, the insurers followed the most basic and traditional way to incorporate processes into their domain. (Photo: Pixabay)Business
Govt-constituted panel suggests making CSR non-compliance civil...

Companies having CSR prescribed amount below Rs 50 lakh can be exempted from the need of constituting a CSR committee,...

13 Aug 2019 8:24 PM IST

In the last sectoral meeting with the real estate sector representatives and homebuyers, Finance Minister Nirmala Sitharaman, on Sunday, said that she would soon address issues affecting the sector and other stakeholders.Business
Real estate sector gets Finance Minister's word

The government is believed to have decided on a high-level meeting to bring the ailing sector on track.

12 Aug 2019 1:08 AM IST

In the wake of the floods, 124 teams of National Disaster Response Force (NDRF) have been deployed in various parts of the country to respond to any type of eventuality, be it natural or man-made. (Photo: ANI)India
Karnataka flood situation remains grim, most rivers in spate

Chief Minister B S Yediyurappa asked people of the state not to worry as relief measures were his government's top...

10 Aug 2019 12:24 PM IST

Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)Business
Nirmala Sitharaman silent on higher taxes for foreign investors:...

Investors in turn pulled USD 1.8 billion out of Indian equities in July alone.

10 Aug 2019 10:33 AM IST

Finance Minister Nirmala SitharamanBusiness
Govt, RBI on same page on steps to boost economy: Sitharaman

Finance Minister Nirmala Sitharaman said the government is looking at the financial sector woes and will address them.

9 Aug 2019 5:53 PM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.Business
India may exempt foreign portfolio investors from higher taxes:...

In the budget last month, Sitharaman proposed to hike taxes on those earning more than 20 million rupees annually.

9 Aug 2019 9:53 AM IST

Foreign portfolio investors are also seeking clarity behind \indirect transfer\ rules that could increase tax liabilities for overseas funds. (Representational Image)Business
India may exempt foreign portfolio investors from higher taxes:...

Separately, media said government was considering reducing tax on long-term capital gains introduced three years ago.

8 Aug 2019 7:36 PM IST

Finance Minister Nirmala SitharamanBusiness
Govt assured of action soon to revive industry, push eco growth: India...

Piramal Enterprises's Ajay Piramal said that industry raised several matters such as reluctance of banks to lend to the...

8 Aug 2019 6:58 PM IST

Domestic car sales also ticked up to 1,72,623 units as against 1,64,559 in February last year, up 4.9 per cent.Business
Auto industry seeks stimulus package from government

In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.

7 Aug 2019 5:09 PM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.Business
Centre promises all help to MSMEs

Finance Minister Nirmala Sitharaman and MSME Minister Nitin Gadkari met representatives from various MSME sectors on...

7 Aug 2019 2:10 AM IST

Finance Minister Nirmala SitharamanBusiness
Bankers agree to take steps to review interest rates: FinMin

Banks need to commensurately transmit rate cut benefit in lending, said an official release.

5 Aug 2019 8:27 PM IST

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