Realty players fear pay cuts, job losses as lockdown hits revenue; say govt's relief package for sector to minimise damage
Realty sector is the second-largest employer after agriculture and provides for both blue and white collar jobs, said CREDAI (national) chairman Jaxay Shah said.
High inflation restricts RBI from choosing non-rate tools to support growth, says governor Shaktikanta Das
Till the space for a cut does not get available, the RBI will depend on liquidity management and ensuring the better transmission of past cuts to boost growth, Shaktikanta Das said
Budget 2020: Liquidity crunch, unsustainable debt levels paralyse real estate sector; industry seeks sops for revival
Given the real estate sector contributes to around 8 percent of the total GDP of the country, it is vital that urgent measures be taken by the government to revive it
Indian finance and leasing companies are likely to grow at a slower pace in 2020 than in prior years, amid weaker economic growth and liquidity constraints, it said.
The volume of cash transactions in India’s real estate sector remains very high
Gold shines on Dhanteras; trade records 30 tonnes of sales, registers around 25% drop in demand against last year
Traders expected only 20 tonnes of gold to be sold in the domestic bullion market on Dhanteras this year, due to weak demand.
The application for the merger of Lakshmi Vilas Bank and India Bulls Housing Finance was made in May after both the parties agreed to the merger in April.
To boost economic growth from 6-year low, govt asks PSUs to clear vendor, contractor dues by 15 October
PSUs have been asked to detail lifespan of arbitrations that lock payments after disputes with vendors and contractors
Corporate tax cuts to create positive impact on economy, boost industry; now need to focus on spurring demand: India Inc
Industry leaders from diverse sectors such as manufacturing and services expect the reduction in corporate tax rates to create a positive impact on the economy, leading to a speedier turnaround
Banks' exposure to a single non-banking financial company (NBFC) is restricted to 15% of their available eligible capital base
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,
DHFL, India’s fourth-biggest housing finance company, has roughly 1 trillion rupees ($14.15 billion) of debt
Tracking India’s economic slowdown: Between NITI Aayog chief’s warning and CEA’s tough talk lies real cure for economy; inaction will be disastrous
By now, the fear that India’s economy is slowing and slowing at a real dangerous pace has been confirmed by hard data
Tracking India's economic slowdown: Narendra Modi's $5 trillion goal is wishful thinking unless Rs 100 lakh cr infra puzzle is solved
If the Modi government finds a way and manage to implement the Rs 100 lakh crore investment as announced, this will indeed act as a big stimulus to the economy and help revive the job market.
The slump in the country, along with a simultaneous slide in Chinese auto sales, is a blow for automakers wrestling with higher costs driven by more stringent emission norms and a push to develop electric cars.
As part of the revised terms, State Bank of India, the largest bank in the country by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral, according to a memo
Auditors to debt-ridden DHFL raise red flags around quarterly results; trigger fresh concern about future of troubled lender
DHFL, one of India’s biggest housing finance companies with almost 1 trillion rupees ($14.52 billion) in debt, has been hard hit by a liquidity crunch
The recognition of e-KYC can also aid in boosting the productivity of bank resources and save costs involved in manual procedural formalities.
NBFC mess: Why India’s problematic shadow banks need an Asset Quality Review pill before it is too late
There are large non-banking finance companies (NBFCs) operating in the financial system, posing fresh serious threats to the banking system
Govt should take steps to revive auto industry’s growth; keen to work with ministries for smooth shift to BS-VI: SIAM
Domestic passenger vehicle sales dropped by 17.07% in April as weak customer sentiment led by liquidity crunch, uncertainty revolving elections and high product prices hit sales.