CATEGORIES

'How bank treats NPA interest not for borrower to interpret'

Banks not recognizing any interest income on bad loans by following RBI’s prudential norms does not absolve borrowers from the obligation to show the interest liability on their financial statements, audit regulator National Financial Reporting Authority (NFRA) said in a regulatory order.

Muthoot digital platform plans insurance, loans in six months

Muthoot Fincorp Ltd (MFL), flagship company of Muthoot Pappachan Group, on Wednesday said its new digital financial pla-tform Muthoot Fincorp One will introduce insurance, personal loans, two-wheeler, and housing loans in six months.

Jio Financial at lower circuit for third day

Sellers made a beeline for the Jio Financial Services Ltd (JFSL) counter, dragging down the stock to the lower circuit for a third straight day. A total of 42.89 lakh shares were traded on the National Stock Exchange while 3.79 lakh shares changed hands on the BSE.

LGT India aims $3 bn AUM with hiring push

LGT Wealth India plans to ramp up headcount as it seeks to double the amount of money it manages for clients by helping them cut their reliance on domestic assets.

'Doubling capacity to 10 GW in 2 years'

Ayana Renewable Power Pvt. Ltd has rapidly expanded its generation capacity in recent years. That has helped the company, majority owned by the Indian government-backed National Investment and Infrastructure Fund (NIIF) and the British International Investment (BII), to grow its revenue substantially and swing to a net profit last fiscal year.

India to export rice to Mauritius, Bhutan in an exception for friends

India will supply 14,000 tonnes of non-basmati rice this year to Mauritius and 79,000 tonnes to Bhutan under humanitarian operations, making an exception for two key diplomatic partners.

AMR risk surged after covid, says study

The number of reported antimicrobial resistance (AMR) cases spiked more than 4.5 times from 25,833 in 2017 to 119,686 till December last year, a report by the health ministry showed.

Save water in strategy for development: Shekhawat

Water demand is at 1,100 bn cubic metres a yr and may rise to 1,447 bn cubic metres by 2050

QIA to invest ₹8,278 crore in RIL's retail arm for 0.99%

Sovereign wealth fund Qatar Investment Authority (QIA) has agreed to invest ₹8,278 crore ($1 billion) into the retail arm of Reliance Industries Ltd (RIL), marking a fresh round of investments into Reliance Retail Ventures Ltd (RRVL) after the country’s largest retailer raised ₹47,265 crore in 2021.

'No wrongdoing in any infra project'

Contesting claims of a cost overrun in the construction of the Dwarka Expressway by the Comptroller and Auditor General’s (CAG), Union minister for road transport and highways Nitin Gadkari asserted that the project did not experience any cost overrun or corruption.

In giant leap, India steps on the moon

First nation to soft-land on the tough terrain of lunar south pole

Medical prescription guidelines: Go for well-calibrated adoption

The National Medical Commission (NMC), the apex regulator of India’s medical sector, released a set of guidelines on 2 August for all registered medical practitioners (RMPs) covering a wide spectrum of issues, including medical ethics

UDAN is slogan-worthy but in need of a rethink

India's air map has hardly expanded, flying remains out of reach for most and this scheme has shown how tough it is to defy market forces. We must weigh its costs and benefits closely

Can I draft a will that benefits my family as per my terms?

As per your query, we assume that you are is a Hindu. Further, we understand that there is no right or interest of any other person in your properties and that the same were held only by you

OF HEAT, FLOODS AND LIVES ON THE EDGE

Climate change is marginalizing millions of women garment workers across the length and breadth of India

SoftBank's Arm files for 2023's biggest IPO

The tech firm is expected to seek a valuation of $60 billion to $70 billion

'India not an emerging market for Porsche'

German sports car maker Porsche AG is doubling down on building its India presence, finding investor partners and becoming a relevant brand for the “young country\", as a new crop of Indians look for supercar brands with a sustainable story, according to Detlev von Platen, a member of the company’s executive board

'TV9 Network's journey is about complete disruption'

Barun Das, who joined the TV9 Network in August 2019 as its CEO, has turned around a small, loss-making news network, into a profitable venture with both TV and digital operations.

Automakers ready for crash testing under Bharat NCAP

Adult and child occupant safety is rated based how a PV performs in a crash test at 64 kmph

SAT denies Eros plea against Sebi order

The Securities Appellate Tribunal (SAT) on Tuesday refused to interfere with Securities and Exchange Board of India(Sebi)’s actions against Eros International for alleged misrepresentation and diversion of funds

SC to decide on Sebi's conflicting directives

SAT had criticized Sebi for not following consistent approach in all cases

Jio Fin to exit all BSE indices on 29 August

Leading stock exchange BSE on Tuesday postponed the removal of Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, from all the S&P BSE Indices to 29 August

Profectus Capital sees loan book at ₹4,500 crore this fiscal

Non-bank financier Profectus Capital, which lends to small businesses, wants to fund newer areas aligned to the government's incentivized local manufacturing scheme and grow its book to ₹4,500 crore by end of this fiscal, chief executive officer K.V.Srinivasan said

Narayana Group seeks debt from GIC, others

Target to raise up to ₹1,400 cr; funds mostly to finance PE investors' exit

Banks crowd RBI window as CRR measure sparks deficit

Lenders borrow nearly ₹90,000 crore from RBI's MSF window, the highest in a decade

Crude import costs down 35%, creates room to cut fuel prices

India's oil import bill declined 35.3% during the first four months of FY24 due to easing crude oil prices over the past year

India, Iran drop arbitration clause for Chabahar port

India and Iran have agreed not to seek commercial foreign arbitration for disputes between users and operators at Chabahar Port, paving the way for the two sides to sign a longterm deal for the development of the strategic port, two persons aware of the development said

How to keep planet Earth alive and well

At the COP27 Summit in Sharm El-Sheikh, Egypt, in November, UN Secretary-General António Guterres painted a sobering picture of the global climate trajectory

'Beware of fake weight loss drug'

Counterfeit versions of a diabetes drug, also used to treat weight loss, are making the rounds in India, prompting drug regulators to warn doctors, chemists and patients about their purchase and consumption

India adopts Bharat NCAP for safe roads

The government, in partnership with London-based Global NCAP, will introduce the Bharat New Car Assessment Programme (BNCAP) crash testing standards for vehicles starting 1 October to enhance road safety in India, a nation with some of the world’s deadliest roads