Business Blogs News - Page 25

Sachin Bansal, Poonawala family to invest Rs 100 cr in tech-enabled small business lending platform, U Gro Capital

Sachin Bansal and the Poonawala family will invest through two separate securitisation and bond deals, according to media reports

With consumer confidence at six-year low, government has few excuses left not to go in for a personal tax cut

Consumer confidence trend has been assessed through the current situation index (CSI) and the future expectations index (FEI)—both recorded a decline in September.

Consumer confidence dips to 6-year low in September, reveals RBI survey; people less confident about income, jobs

Both the current situation index and the future expectations index recorded declines, the RBI said in its consumer sentiment survey report

Consumer confidence at lowest in 6 years, business confidence in the dumps; all this and more in Moneycontrol Pro

Moneycontrol Pro, is available both on the website and mobile apps

Economic growth has probably reached a trough; pace of GDP expansion will start rising by January, says Aditya Puri

On HDFC Bank's plans, Aditya Puri said it will very well-capitalised and will not be needing capital for at least three more years.

Sensex opens on a volatile note on weak domestic, global cues; Yes Bank, ICICI Bank, Kotak Bank rally 4% in early trade

Top Sensex losers in the early session included IndusInd Bank, Sun Pharma, Hero MotoCorp, L&T, Bajaj Finance, TCS, M&M, Tata Motors and NTPC, shedding up to 2.15%

Rupee slips 21 paise to 71.09 against dollar in early trade; rising demand for dollar weighs on domestic currency

Forex traders said rising demand for the US dollar vis-a-vis other currencies overseas also weighed on the domestic currency

Yes Bank files complaint with Mumbai Police, cyber cell against fake news, rumours on its financial health on social media

Yes Bank has also requested the authorities to form a multi-disciplinary team of experts for detecting the origin of the fake news

Finance Minister Nirmala Sitharaman to inaugurate national tax e-assessment centre today; aims at reducing taxpayer grievances

Under the new system, taxpayers will receive notices on their registered e-mails as well as on registered accounts on the web portal www.incometaxindiaefiling.gov.in with real-time alert

RBI may slash interest rate again in December before hitting a pause button, says Goldman Sachs

The RBI Monetary Policy Committee (MPC) reduced repo rate by 25 basis points on Friday to 5.15 percent and decided to maintain an accommodative stance

Tariff glitches, policy flip-flops, waning interest from developers will have renewable energy target missing by over 42%: Report

The renewable energy sector requires investments of Rs 2.6 lakh crore over the next five years

HSBC to slash up to 10,000 jobs; interim CEO Noel Quinn seeks to reduce costs across group: Report

The reported job cuts come after HSBC said it would be laying off about 4,000 people this year, and issued a gloomier business outlook

Economic slowdown: Here are five more reforms Finance Minister Nirmala Sitharaman can look at to kick-start growth engines

There are at least five big reforms that need doing, can quickly get-off the ground, and which will have lasting positive effects on growth

Sensex plunges 434 points, Nifty plummets 139 points; rate-sensitive bank, auto, realty stocks fall up to 5% post-RBI rate cut

The RBI cut repo rate by 25 basis points to 5.15 percent, bringing the cumulative reduction in the interest rate of 135 basis points for this calendar year

India's services sector contracts in September on weak demand; business optimism at its lowest in 2.5 years

It was the second month this year the index had fallen below the 50-mark separating growth from contraction—the last one being in June

RBI cuts repo rate by 25 bps to 5.15%: Central bank goes with the tide but reduction in interest rate cannot ensure pick-up in credit

The most important takeaway from the RBI policy statement is the revision in GDP growth number from 6.9% to 6.1% for FY20

Securing affordable, sustainable energy top agenda, says Dharmendra Pradhan after Saudi oil attacks

India, said Dharmendra Pradhan, recorded the highest growth of foreign energy investments in the world, which touched $85 billion.

Sensex jumps over 250 points ahead of RBI policy outcome on gains in banking, financial stocks; Nifty spurts 70 points

Sensex was trading 258.60 points or 0.68 percent, higher at 38,365.47. Similarly, the broader NSE Nifty spurted 70.00 points, or 0.62 percent, to 11,384.00.

Fourth tranche of Bharat-22 ETF: Anchor investors put in Rs 13,500-cr bids, subscription soars 27 times

The ETF issue that opened on Thursday received subscriptions from investors like mutual funds, foreign portfolio investors, and insurance funds

Natural gas price cut at 12.5% credit negative for ONGC; earnings will fall by over Rs 1,400 cr: Moody's

The decline in natural gas revenue and earnings will have a limited effect on ONGC's metrics for fiscal 2020

India Economic Summit: Raising funds through equity, collateral for debt, root of financing deficit for women entrepreneurs, says Arundhati Bhattacharya

Highlighting the shortage of women entrepreneurs, Arundhati Bhattacharya said there were only about 19 percent women entrepreneurs in India and out of which in many of women are "figurative heads and it is actually men who are driving from behind"

MPC will definitely go for a rate cut, but will it turn around slowing investment cycle and spur demand?

The MPC is officially supposed to target CPI inflation which remains in the comfort zone of 3-3.2 percent which is less than the 4 percent benchmark

Favourable conditions exist to achieve $5 trillion economy target by 2024, to reach $10 trillion by 2030: Official

It is entirely possible to achieve $5 trillion economy in India as right conditions exist with a strong policy-driven government both at the centre and states, said DPIIT Secretary Guruprasad Mohapatra

Sensex falls 150 points, Nifty slips 51 points amid fresh trade war fears; metal stocks lead losses, Yes Bank surges 27%

Sensex tanked 151.70 points or 0.40% to trade at 38,153.71, while the broader Nifty was down 51.95 points or 0.46% at 11,307.95 in opening trade

From Kathmandu to Colombo, it’s a kitchen nightmare: Onion prices have gone crazy in a month

India, the world’s biggest seller of the Asian diet staple, has banned onion exports after extended monsoon downpours delayed harvests and supplies shrivelled

Religare to sell entire stake in NBFC arm to TCG Advisory Services for Rs 330 cr; signs share purchase agreement

Religare Enterprises (REL) in the filing said that a share purchase agreement has been signed with TCG for selling stake in Religare Finvest Ltd (RFL)

Bharat-22 ETF's 4th tranche to open today; govt expects to raise Rs 8,000 cr

An exchange-traded fund (ETF) is a basket of securities that trade on an exchange, just like a stock.

After Rana Kapoor's near-complete exit from Yes Bank, Ashok Kapur family expresses full faith in private sector lender

The Kapoor family has nearly exited its holding in the bank, within months of the expulsion co-promoter and chief executive Rana Kapoor by the RBI earlier this year

DLF settles entire Rs 8,700 cr amount payable to joint venture with Singapore-based GIC

DLF holds a 67 percent stake in DCCDL, while Singapore's sovereign wealth fund GIC holds 33 percent

Companies opting for new lower corporate tax rate can't claim MAT credit, other deductions: CBDT

The Central Board of Direct Taxes (CBDT), in a clarification, said companies will be allowed to utilise such credits only against regular taxes under the old regime