CATEGORIES
Alternative investment policy: Sebi rejigs panel
MARKET REGULATOR SEBI has reconstituted its alternative investment policy advisory committee, which advises the capital markets regulator on a range of issues that impact further development of the AIF space.
Bank loans rise 19.8% in July
BANK LOANS ROSE 19.8% year-on-year (y-o-y) in July aided by the impact of the merger of Housing Development Finance Corporation with HDFC Bank. In addition, a growth in personal loans also lifted the overall loan growth.
NBFCs seek TDS relook
Want intervention from RBI as move stifling secondary bond market
Arcil looking for global partners to buy ₹5,500-cr soured loans
ASSET RECONSTRUCTION COMPANY (Arcil), the distressed assets investor backed by Avenue Capital Group, is looking for global partners to buy as much as ₹5,500 crore of soured loans this year.
X plans video, audio calls, to collect biometric data
X, THE SOCIAL network that used to be known as Twitter, updated its privacy policy to include a new kind of user data it plans to collect: biometric.
4 nations reject China's new claims
THE PHILIPPINES, MALAYSIA, Taiwan and Vietnam have rejected as baseless a map released by China that denotes its claims to sovereignty including in the South China Sea and which Beijing said on Thursday should be viewed rationally and objectively.
Microsoft to split Teams, Office in EU to avoid penalties
MICROSOFT WILL STOP packaging its Teams videoconferencing app with its Office software in Europe in an effort to head off antitrust penalties by regulators.
UBS flags cost reduction after $29 bn Credit Suisse windfall
BANK WILL CUT 3,000 DOMESTIC JOBS, SAVE $10 BN
UPI transactions may have crossed 10 billion in Aug
TRANSACTIONS ON THE unified payments interface (UPI) are likely to have crossed the all-time high of 10 billion in August. Also, in terms of value, transactions are likely to have crossed ₹15 trillion in the same month, projections made on the basis of the available data show.
Fund houses remain upbeat on IT stocks
12 tech-focused funds launched since the beginning of 2022
Property registrations in Mumbai hit decadal high
AUGUST SEES A 23% Y-O-Y INCREASE
NCLAT seeks Zee's response to IDBI Bank plea for involvency
A DAY AFTER the Securities Appellate Tribunal (SAT) gave no interim relief to Zee Entertainment promoter Punit Goenka against the confirmatory order of the Securities and Exchange Board of India (Sebi) issued on August 14th, the National Company Law Appellate Tribunal (NCLAT) has sought its response to an appeal filed by IDBI Bank pertaining to an insolvency plea against the company.
Royal Enfield to keep investing in petrol engines: Lal
ROYAL ENFIELD, WHICH will launch an electric motorcycle in 2025, has moved beyond the prototype stage and the product is being tested right now, Siddhartha Lal, MD & CEO of Eicher Motors - the parent company of Royal Enfield - told FE on Thursday.
Apple and Samsung say no to laptops as India mkt too small
Apple's vendor BYD has already set shop in Vietnam
IMD predicts 'normal' rainfall in September
OVERALL, MONSOON MAY BE BELOW NORMAL
Pvt consumption picks up in Q1, but not broad-based yet
Fall in the share of consumption in real terms can be attributed to high cumulative inflation that has affected demand
Infra sectors see 8% growth in July
THE GROWTH OF eight key infrastructure sectors rose to 8% in July, compared with 4.8% in the same month last year, because of an expansion in production of coal, crude oil, and natural gas, according to the official data released on Thursday.
Fiscal deficit at a third of annual target in April-July
SURGE IN REVENUE SPENDING, CAPEX & EXTRA TAX DEVOLUTION
Fresh controversy stings Adani firms
Stocks fall even as the conglomerate denies allegations
GDP grows 7.8% in Q1
Boost from strong services activity, robust demand
Gaze on the World Cup, eye on the skies
A touristy town is eagerly awaiting the onrushing of cricket-tourists, but rain could yet play spoilsport
Mission Sun: ISRO wraps up launch rehearsal
GIVING AN UPDATE on its Aditya-L1 mission to study the Sun, ISRO said on Wednesday the launch rehearsal and the rocket's internal checks have been completed.
INDIA to decide structure at its meeting today
AFTER THE ICE-BREAKING session in Patna and a more business-like meeting in Bengaluru, the Opposition grouping INDIA will be back to the discussion table in Mumbai on Thursday and Friday, with heads of 28 parties in attendance.
Luxury homes lead real estate demand
HNIs, NRIS PROVIDE BOOST TO SECTOR
Mark Thompson named CEO of CNN
WARNER BROS DISCOVERY named Mark Thompson as CEO of CNN on Wednesday, tasking the former New York Times and BBC chief with reviving a news network beset by sagging ratings and falling profits.
China moves to stabilise finances of shadow bank
EFFORTS ON TO SHORE UP ECONOMY
Focus on operational resilience, RBI tells cooperative banks
THE RESERVE BANK of India (RBI) has asked urban cooperative banks (UCBS) to strengthen their financial and operational resilience in order to contribute to stability in the financial and banking sector.
Small & mid-caps see higher inflows as large-caps lose out
FOREIGN, DOMESTIC INVESTMENT NEARLY 2X IN RECENT MONTHS
TriVeda eyes plotted realty projects
TRIVEDA CAPITAL, A residential real estate-focused alternative investment fund (AIF), expects quicker cash flows from plotted residential realty projects.
IFC commits record $2.97 billion in India
INTERNATIONAL INVESTOR IFC has committed a record $2.97 billion ( ₹24,561 crore) across 30 projects in the financial year ended June 30, more than doubling its lending in the country.