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RBI reviews regulatory structure for HFCs

The Reserve Bank of India (RBI) on Monday took another step to harmonize regulations applicable to mortgage financiers and other non-bank lenders, proposing higher liquid assets to back deposits at housing finance companies, smaller aggregate deposits as a proportion of their own capital, and allowing them to issue co-branded credit cards.

GMR eyes Bhutan's Gelephu economic zone for investment

Infrastructure major GMR is in talks with Bhutanese authorities for potential investments in the newly-announced Gelephu Mindfulness City, people familiar with the matter said, as the proposed special economic zone bordering Assam aims to house non-polluting firms, IT units, and hydropower projects and become the world's first carbon-negative enclave.

India insulated from Big Tech layoffs, but hiring may freeze

Google has laid off over 700 employees, while Amazon is eliminating 'several hundred roles'

SpiceJet gets nod for fund infusion

No-frills carrier SpiceJet on Monday said it has received in-principle approval from the BSE for a ₹2,242 crore capital infusion in the airline.

Lingering risks could play spoilsport for Petronet LNG

Gas importer Petronet LNG Ltd has grabbed investors' attention lately with the stock rallying 17% in the past two months.

DMart's recovery stretches on

Avenue Supermarts Ltd's recovery has been painfully slow, testing the patience of its investors. The food & grocery retailer, running DMart supermarket chain, has been reporting lacklustre results for many quarters now.

OneCard parent raises ₹120 cr debt from Alteria Cap

AIteria Capital, a venture debt fund, has invested ₹120 crore in mobilefirst credit card startup OneCard's parent FPL Technologies. It will use the capital to improve customer experience by developing innovative products with enhanced features and personalized offerings.

Livspace plans India return, eyes 2025 IPO

The firm reported revenue of nearly ₹1,100 crore in fiscal year 2023

PLI scheme eyed for critical minerals

With an eye on China, the union government is likely to come up with a policy framework for critical mineral refining. Under the policy, the government may come up with an incentive scheme on the lines of the production linked incentive (PLI) scheme, said two people in the know of the development.

Goods trade deficit narrows in Dec due to higher exports

India saw a rise in exports of electronic goods, drugs and pharma, and iron-ore in Apr-Dec

Crashing parties to making friends: What Davos elites know

For a master class in power networking, it's tough to beat the one taking place in the Swiss Alps this week.

Cos to alert govt, act fast in personal data breaches

Organizations that notice breaches of personal data may have to immediately alert users and flag them to the Data Protection Board, followed by a detailed filing within 72 hours. The government may release draft rules on the matter this week, a person aware of the matter said.

Tech backbone soon to connect IBC entities, quicken resolution

The Centre is planning to build a common information technology (IT) backbone linking various stakeholders of the corporate turnaround ecosystem to improve the efficacy of debt resolution, two people aware of the matter said.

Bharat Expo revs up, may become an annual affair

Top automakers from India and abroad are expected to turn up at the three-day Bharat Mobility Global Expo, the industry's newest coming-out party that may turn out to be an annual affair, multiple industry executives said.

For 250 mn poor, living standards get better

Close to 250 million Indians escaped multidimensional poverty in the nine years ending 2022-23, federal policy think tank Niti Aayog said on Monday, referring to an index it uses to track the various ways that economic poverty affects life.

Bankers gloomy as RBI scans salaries

Despondency boardrooms stalks and corner offices of private banks, as the regulator keeps top-level compensation under its thumb to prevent risk-taking of the kind that led to the global financial crisis of 2007-08. In several instances, the Reserve Bank of India (RBI) has refused to approve a pay hike, delayed approving higher remuneration or even directed an outright pay cut.

IT sets Street afire: indices at life highs

HDFC Bank, Reliance Industries support Monday's market rally

A blueprint for designing a greener office

Prioritizing sustainability while planning workplaces is key for several reasons

RBI's new regulatory framework relies on significant self-policing

The broad goal is to not only enable early risk recognition and mitigation but also reduce the regulatory burden for everyone

'After me the flood' has not marred our budgets

India has largely been fiscally responsible and our post-pandemic economy requires us to maintain that record. Sitharaman's interim budget of 1 February should make that clear

Varshney: Sebi is not against short selling

He warned that naked short selling couldn't be permitted in India

'Corporates are investing through cash accruals'

Cash is not going out to repay bank loans, but to fund the business, says K.V. Kamath

BUYING HOMES: WHY TAX POLICIES NEED A TWEAK

Current terms encourage speculation in real estate, which doesn't work well for those looking to buy homes to live in

RBI governor raises red flag on model-based lending

Shaktikanta Das was the keynote speaker at the Mint BFSI Summit and Awards 2024

Centre to offload 300,000 tn wheat for subsidized atta sale

Food Corporation of India (FCI) will allocate 300,000 tonnes of wheat to three government agencies in January, which will convert the grain into flour and sell it to consumers at a subsidised rate under the Bharat Atta brand to battle inflation, Union food secretary Sanjeev Chopra said.

King Frederik X takes Danish throne

Denmark's King Frederik X ascended the throne on Sunday, succeeding his mother, Queen Margrethe II, who formally abdicated after 52 years as monarch, with big crowds gathered in the capital to witness history.

'US doesn't support Taiwan independence'

President Joe Biden said the US did not support independence for Taiwan, after voters there defied China and returned the governing Democratic Progressive Party which has sought to limit Beijing's influence - to a third consecutive term.

After 100 days, the Israel war threatens to spill beyond Gaza

The conflict has swung from a brutal Hamas attack to Israel's ferocious retaliation with no end in sight

Release date changes hit exhibitors, producers down south

Southern language films such as Vikram’s Thangalaan, Dhanush’s Captain Miller and Mohanlal’s Malaikottai Vaaliban faced multiple changes in release dates over the past months, causing challenges for exhibitors who plan schedules in advance.

Realty wants sops, affordable housing push

Following a year of exceptional sales growth for the residential sector, the real estate industry believes some additional measures could help sustain the momentum.