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Ajay Piramal gets the nod from RBI for DHFL acquisition

Ajay Piramal gets the nod from RBI for DHFL acquisition

Billionaire Ajay Piramal moved a step closer to acquiring the bankrupt mortgage financier Dewan Housing Finance Corp. Ltd (DHFL) with the Reserve Bank of India (RBI) clearing the company’s insolvency resolution plan. “We understand...

India's inflation target band up for review: states finance minister Nirmala Sitharaman

India's inflation target band up for review: states finance minister Nirmala Sitharaman

India's inflation target band of 2%-6% is up for review as the five-year term for the current monetary policy framework draws to a close, Finance Minister Nirmala Sitharaman said on Thursday. The band, on the basis of which monetary policy is...

With 5.7 Percent YoY Hike MSME Credit Growth Rebounds to Pre-COVID Levels

With 5.7 Percent YoY Hike MSME Credit Growth Rebounds to Pre-COVID Levels

Aided by the government’s credit guarantee scheme, credit growth by Micro, Small and Medium Enterprises (MSMEs) have made a strong rebound to the pre-Covid levels, with credit exposure at Rs 19.09 lakh crore as of September 2020, showing a...

Flipkart to work with Tamil Nadu government to help small-scale businesses

Flipkart to work with Tamil Nadu government to help small-scale businesses

E-commerce giant Flipkart has signed a memorandum of understanding with the Tamil Nadu MSME Trade and Investment Promotion Bureau to bring local artisans, weavers, craftsmen and SMBs into the e-commerce segment. The partnership under the Flipkart...

Business Expansion: Things a Business Owner should Know About

Business Expansion: Things a Business Owner should Know About

Expanding a business and aiming to breaking new frontiers in the industry is the ultimate aim for many business leaders around the globe. With that being the case, expanding a business successfully is one of the hardest feats to achieve as a...

Union Cabinet Approves Rs 12, 195 crore worth PLI Scheme for Telecom Sector

Union Cabinet Approves Rs 12, 195 crore worth PLI Scheme for Telecom Sector

The Union Cabinet on Wednesday approved an Rs 12,195-crore Production Linked Incentive (PLI) scheme for domestic manufacturing of telecom and networking products such as switches, routers, radio access network, wireless equipment and other...

Government set to infuse Rs 1,500 crore into Exim Bank in the next fiscal

Government set to infuse Rs 1,500 crore into Exim Bank in the next fiscal

The government of India has decided to infuse Rs 1,500 crore capital into state-owned Export-Import Bank of India (Exim Bank) in the next financial year. The amount is Rs 200 crore higher than the provision made by the government for the current...

SBI Annuity Deposit Scheme: Here's all the Key Points to Know

SBI Annuity Deposit Scheme: Here's all the Key Points to Know

When we speak of investments, it is generally advised that one should invest a part of their disposable income in a monthly or quarterly interest payment scheme through which they can receive a steady income. India’s largest public sector...

Why Bitcoin prices are on the rise?

Why Bitcoin prices are on the rise?

For the first time on Tuesday, Bitcoin rose above $50,000, adding steam to a rally fueled by signs that mainstream investors and businesses are gaining acceptance of the world's biggest cryptocurrency. Bitcoin hit a record $50,603 and at...

Indian government could raise up to Rs 28,600 crores if it fully exits its stake in Bank of India and Indian Overseas Bank: states CARE Ratings

Indian government could raise up to Rs 28,600 crores if it fully exits its stake in Bank of India and Indian Overseas Bank: states CARE Ratings

The Indian government could raise nearly Rs 28,600 crores if it fully exits its stake in Bank of India (BOI) and Indian Overseas Bank (IOB NSE 14.50 %), CARE Ratings NSE -0.85 % has said in their analysis. The government has...

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