Coronavirus will paralyse gig economy, big businesses; it's up to policymakers to not let this become full-blown economic crisis
Aashish Chandorkar • 5 years agoTo address the problems arising out of the unique structure of the Indian economy and to ensure that the economic engine keeps cranking, both monetary and fiscal measures will be required soon.
Decline in rural sales hits FMCG in 2019; revival likely by second half of 2020 but sector unlikely to achieve double-digit growth
• 5 years agoTo overcome, FMCG makers have introduced low unit price packs in multiple categories to make their products affordable and have also introduced multiple promotions and offers.
DHFL crisis: Savings of over 1 lakh fixed deposit holders at risk as trouble mounts for debt-laden mortgage firm
Fp Staff • 5 years agoCases of fund diversions, as revealed in a forensic audit by accounting firm KPMG, may scuttle the resolution plan for DHFL that has been in the works for several months.
Hours after RBI governor Shaktikanta Das's call, Axis Bank says linking loans to repo is not the only way for faster transmission
Fp Staff • 6 years agoTill the last rate cut of 0.35 percent, the banks have passed out only 0.29 percent of the 0.75 percent in rate cuts initiated by the RBI to the final borrowers.
DHFL auditors seek more information on financials from firm's management
• 6 years agoDeloitte Haskins and Chaturvedi & Shah are the auditors of the company.
Tata Steel's Q1 consolidated steel output grows 9% to 7.61 MT, production in India up 20% YoY
• 6 years agoIn India, the company said that liquidity issues in the NBFC and banking sector along with rural stress have negatively impacted sentiments
DHFL defaults on Rs 225 cr commercial paper payments due on 25 June, misses deadline again
Fp Staff • 6 years agoDHFL had defaulted on bond repayments on 4 June.
RBI cuts rates by 25 bps: India Inc hails central bank decision, says it will induce liquidity in economy
Fp Staff • 6 years agoFor the third time in a row, the RBI cuts the repo rate cut by 25 basis points. It will definitely spur growth for the real estate sector specifically.
RBI to ensure NBFC liquidity issues do not become systemic; to strengthen risk management systems
• 6 years agoThe RBI board has decided to handle liquidity problems in the NBFC sector in a “nuanced” manner by improving liquidity and tightening regulatory norms without sending a “panic” signal to the market
Sensex jumps over 300 points after appointment of Shaktikanta Das as new RBI governor; banking, auto, FMCG stocks in positive zone
• 6 years agoSensex was trading higher by 324.94 points, or 0.92 percent, at 35,474.95. All the sectoral indices, led by banking, auto, and consumer durables stocks were trading in the positive zone.