'Empower NBFCS, open up AIFS'
Business Standard|June 21, 2024
A group of financial and capital markets players met Union Finance Minister Nirmala Sitharaman for pre-Budget consultation on Thursday and put forth a clutch of demands, including taking measures to bring down reliance of NBFCS on bank funding, and encouraging insurance and pension funds to participate in the alternate investment funds (AIF) industry to finance infrastructure. Consistency in the tax policies was also one of the key demands.
HARSH KUMAR & KHUSHBOO TIWARI

Sitharaman is likely to present the Union Budget 2024-25 in the second half of July.

Raman Agarwal, CoChairman, Finance Industry Development Council suggested that Small Industries Development Bank of India (SIDBI) should be allocated funds to fund non-banking financial companies (NBFCs).

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Trade on road to recovery but Indian firms tread cautiously
Business Standard

Trade on road to recovery but Indian firms tread cautiously

The concluding part of the series highlights stabilising trade ties with Dhaka, but payment delays anda complex bilateral environment remain major concerns

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Business Standard

DoT launches new system to block fraud international calls

The Department of Telecommunications (DoT), in collaboration with Telecom Service Providers (TSPs), has introduced an advanced system designed to identify and block incoming international spoofed calls before they can reach Indian telecom subscribers.

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PM to launch infra projects, agri schemes in Maha today
Business Standard

PM to launch infra projects, agri schemes in Maha today

Prime Minister Narendra Modi will on Saturday inaugurate infrastructure projects worth ₹32,180 crore in election-bound Maharashtra.

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The shrinking presence of smaller parties in Haryana Assembly polls
Business Standard

The shrinking presence of smaller parties in Haryana Assembly polls

Since 2014, Haryana's electoral politics has seen smaller parties cede their vote shares to the Bharatiya Janata Party (BJP) and the Congress, a trend that these political parties would hope to buck in this Assembly polls.

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Business Standard

DMart stock slips despite strong showing in Q2

Mixed response from brokerages; company had 377 stores till Sep 30

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Business Standard

Jio Fin-BlackRock JV gets Sebi approval for MF entry

Jio Financial Services' joint venture with BlackRock to enter the mutual fund (MF) space in India has received the nod from the Securities and Exchange Board of India (Sebi), the firm stated in an exchange filing on Friday.

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Business Standard

HDFC BANK'S MSCI WEIGHT SET TO RISE

India's largest private sector lender HDFC Bank is poised to see its weighting increase further in global services provider MSCI indices due to its expanded foreign portfolio investor (FPI) investment headroom.

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"The mother of all bear mkts in equities is dead"
Business Standard

"The mother of all bear mkts in equities is dead"

Developments in West Asia have triggered a panic-like situation across global equity markets. SHANKAR SHARMA, founder of wealth management firm GQuant Investech, spoke with Puneet Wadhwa in New Delhi about escalating tensions between Israel and Iran. Edited excerpts:

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Business Standard

Higher e-auction share crucial for Coal India stock

Coal India (CIL) has reported a production of 51 million tonnes (mt) for September, up 10.4 per cent month-on-month (M-o-M), but down 1 per cent year-on-year (Y-o-Y).

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Sebi proposes measures to boost retail participation in G-Sec mkt

The Securities and Exchange Board of India (Sebi) is considering initiatives to promote retail participation in government securities (G-Secs) through stock brokers.

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