Business Blogs News - Page 29

Nirmala Sitharaman's mega housing push of Rs 10,000-cr special window for stuck projects, relaxed ECB rules hits all right notes

The key highlight of Finance Minister Nirmala Sitharaman’s presser on Saturday is the announcement that the government will set up a Rs10,000 crore special window to extend funding to incomplete housing projects that are in good shap

Govt sets up Rs 20,000 cr fund to complete stalled housing projects; fund too narrow in scope, say experts

An estimated 8.5 lakh home buyers are yet to get delivery of their units as hundreds of housing projects across the country are delayed due to liquidity crunch and demand slowdown,

Amazon India expands furniture category ahead of festive season; claims category has grown by 120% over last year

While Amazon hasn't announced the dates of its festive sales, it is likely to kick off in the last week of September

Maruti Suzuki, Tata Motors' PV market share decline in April-Aug; Hyundai, M&M gain despite selling less this fiscal

Maruti Suzuki India (MSI) saw its market share dip by over 2 percentage points during the period under review and slip below 50 percent in the domestic passenger vehicle segment in April-August

How would Ola and Uber cause drop in sales of trucks, two-wheelers, asks Yashwant Sinha; says those in power make 'weird' statements

Weird' statements by people in power will affect government's image, said Yashwant Sinha

From affordable housing to relief for exporters, key takeaways from Nirmala Sitharaman's press conference

Nirmala Sitharaman announced Rs 10,000 crore special window to provide last-mile funding for completion of ongoing housing projects which are not NPAs or facing bankruptcy proceedings under NCLT

Nirmala Sitharaman press conference LIVE updates: GDP growth to improve in next quarter, won't put a number to it, says FM

Nirmala Sitharaman press conference LATEST updates: A special window will provide the last-mile funding requirement for housing projects that are non-NPA and non-NCLT projects and are stuck due to lack of funding, said Sitharaman.

Economic slowdown: Manufacturing growth sluggish at 7%, share in GDP stagnant at 16%; urgent need of more than just a policy overhaul

With the RBI softening its policy rates for the fourth consecutive time in 2019, and Banks expected to pass on these rate reductions, there is hope for uptick in credit flow to key manufacturing industrie

Interpol issues Red Corner Notice against Nirav Modi's brother Nehal Modi in Rs 14,000-cr PNB fraud case

According to media reports, the request to law enforcement agencies worldwide to locate and provisionally arrest Nehal Deepak Modi came from the Enforcement Directorate.

India's economic growth 'much weaker' than expected due to corporate, environmental regulatory uncertainty, says IMF

The IMF cut its projection for India's economic growth by 0.3 percentage points to 7 percent for the fiscal year 2019-20 owing to the "weaker-than-expected outlook

Rupee rises 26 paise to one-month high of 70.88 against dollar in early trade; easing crude prices support domestic currency

Forex traders said a fall in global crude oil prices and fresh foreign fund inflows enthused investors and the rupee

Sensex, Nifty open on positive note but pare early gains; Yes Bank cracks 4%, auto stocks lead gains

After touching a high of 37,244.34, the Sensex pared most gains to trade 9.23 points, or 0.02 percent, higher at 37,113.51 at 0950 hours

Automobile sector slowdown: M&M offers its personal cars on monthly subscription to boost plummeting demand

Mahindra's subscription-based service has initially been launched for its customers in Delhi (NCR), Mumbai, Pune, Bengaluru, Hyderabad, Kolkata, Chandigarh and Ahmedabad

Citing 'millenial mindset', or Ola, Uber for car sector woes is self-defeating; purchasing power, consumer confidence are ebbing

That the millennial preference to hail Uber and Ola rather than commit to buying an automobile is one of the causes for the auto sector crisis is a theory floated by Finance Minister Nirmala Sitharaman

Rupee rises 36 paise to 71.30 against dollar in early trade amid gains in equity market, fresh FII inflows

At the interbank foreign exchange the rupee opened at 71.46, then gained further ground and touched a high of 71.30, registering a rise of 36 paise over its previous close

Decision on GST rate deduction for automobiles for FinMin, state government to decide: Nitin Gadkari

Last week at the SIAM annual convention, Gadkari assured the auto industry that he would take up the issue of GST rate reduction for automobiles to 18% from 28%

Fuel prices up marginally: Petrol, diesel rates rise across four metros after plunge in US crude production

The change in the price of crude oil in the international market directly influences the price of crude oil in the domestic market and is one of the most important factors responsible for an increase in petrol prices in Indian domestic market.

Auto sector slowdown: Ola, Uber may not be that strong a factor for decline in car sales, says Maruti Suzuki

India’s monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to the Society of Indian Automobile Manufacturers,

Airfares expected to rise 7-9% this fiscal, highest since 2013; limited capacity additions since Jet Airways was grounded: Crisil

Domestic passengers traffic is expected to grow 6-8% in FY20, as against a healthy 19% growth registered in the year ended March 2019 on account of non-revival of Jet Airways

Nirmala Sitharaman partially right on Ola-Uber pushing auto slump, but we need NITI Aayog to tell us how much and why

The reason why Nirmala Sitharaman is the butt of jokes is that Uber and Ola may not be significant enough in terms of current data

Sensex jumps over 150 points, Nifty up in early trade on positive global cues; infra, bank, auto stocks rally

Market sentiment has improved due to positive global cues and hopes of further measures by the government to boost economy.

Clean energy producers can move NCLT against discoms over dues: Power Minister cautions 7 states

The power and new and renewable energy minister pointed out the power producers are likely to default on their payment obligations due to non-clearance of dues by the discoms

Delhi-NCR ahead of Bengaluru, Mumbai with over 7,000 start-ups, 10 unicorns, new biz valuation of around $50 bn: Report

Within Delhi-NCR, Delhi accounted for 4,491 start-ups, Gurugram 1,544 and Noida 1,004 new businesses.

Jet Airways stake sale: Will grounded airline be left with just one bidder? Russian fund Treasury RA Creator may be disqualified, says report

Russian fund Treasury RA Creator did not provide enough information about itself to Jet Airways’ insolvency resolution professional

What’s cooking in Indiabulls Group? Recurring allegations on quid-pro-quo between lenders, corporates expose loopholes in regulation

A PIL has been filed in the Delhi High Court that alleges that Indiabulls promoters have been roundtripping funds lent to various companies back to their pockets violating rules

BSE, NSE, forex, derivative markets closed for Muharram; Asian stocks mostly weak on steep Chinese factory price declines

China’s producer price index fell 0.8 percent in August year-on-year, official data showed on Tuesday, its sharpest decline since August 2016

HCL Tech to acquire Sankalp Semiconductor in Rs 180 cr all-cash deal; acquisition to help IT firm expand to newer markets

This strategic acquisition would enable HCL to further expand into newer market-domains, especially in analog and mixed-signal design, the IT firm said