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Credit card delinquencies rose in June: CRIF report

Delinquencies in the credit card segment rose across all days past due (DPD) bands in June 2024 from the year-ago period, even as the rate of growth of new card issuances and credit card balances dropped, credit bureau CRIF Highmark said in a report on Wednesday.

Banks compliant with new norms

Large commercial banks in the country are compliant with new Telecom Regulatory Authority of India (Trai) norms on message traceability, which came into effect from December 11, bankers aware of the development said.

No disruptions as 90% biz register

There has been \"minimal rejection\" of text messages, and no disruptions in users receiving important commercial communication on the first day of the new national traceability mandate, Telecom Regulatory Authority of India (Trai) officials said on Wednesday.

1-year extension for IT hardware import system

Govt to monitor local manufacturing under PLI before imposing any import restrictions

Centre ramps up enrolment of 70+ in Ayushman Bharat

BJP also stepping in to help as only 4% of beneficiaries have been onboarded in over a month after scheme was launched

CCI chief: Ex-ante rules kept in mind startup ecosystem

At the time of framing ex-ante (preventative) regulations for digital markets, the government was very conscious of the fact that India is a hub of innovation and entrepreneurship with a large number of startups, unlike the EU, CCI Chairperson Ravneet Kaur (pictured) said on Wednesday.

Regulators should be more accountable, transparent: CEA

Calling for more information-sharing by regulators, Chief Economic Advisor (CEA) V Anantha Nageswaran (pictured) said on Wednesday that the principles of transparency and social costs and benefits applied to regulated entities should also apply to the regulators themselves.

ADB cuts India growth forecast for FY25 to 6.5%

Also revises downwards outlook for the next financial year to 7%

'Pressure' from India Inc to raise duties: Industry secy

Says it wants to remain protected from foreign competition

'Baseless': FM on Rahul's allegations on PSB employees

Union Finance Minister Nirmala Sitharaman on Wednesday dubbed Congress leader Rahul Gandhi's allegation that state-run banks have been turned into private financiers of the rich as \"baseless\", while asserting that public sector banks have seen a remarkable turnaround under the NDA regime, which has benefitted everyone.

ReNew Energy to be taken private in $2.8 bn deal

Gurgaon-based ReNew Energy, which got listed on Nasdaq, will start the process of delisting as leading global financiers place a non-binding offer for buying out the company's shares.

Shriram Finance completes sale of housing finance arm

Shriram Finance, the flagship company of the Shriram Group, on Wednesday announced the successful completion of the sale of its entire stake of 84.44 per cent in its housing finance subsidiary Shriram Housing Finance Limited (SHFL) to Warburg Pincus, a leading global growth investor firm for a sale consideration of ₹3,929 crore.

SolarSquare raises $40 mn in Series-B funding from Lightspeed

Rooftop solar startup SolarSquare has raised $40 million in a Series-B funding round, led by Lightspeed with participation from Lightrock. Existing investors Elevation Capital, Chris Sacca's Lowercarbon, Nithin Kamath's Rain-matter, and Gruhas Proptech also invested in the round. The company plans to use the funding to expand its operations, hire talent, and for brand building.

Haber raises $44mn in Series-Cfunding round

Haber, an industrial AI startup, on Wednesday raised $44 million in a Series-C funding round, led by Creaegis, BEENEXT, and Accel, to fuel international expansion.

BlackSoil targets ₹500 cr final close for 2nd credit fund

Alternative credit platform BlackSoil is targeting a final close of its second fund, BlackSoil India Credit Fund II, at ₹500 crore.

Swiggy rolls out invite-only membership programme

Swiggy on Wednesday announced the launch of 'One BLCK', an exclusive invite-only membership for consumers seeking the highest level of convenience and services.

RPower arm bags biggest solar, battery storage project

Reliance NU Suntech, a subsidiary of Reliance Power, has secured India's largest solar energy and battery energy storage system (BESS) project at 930 MW (megawatts) from the Solar Energy Corporation of India (SECI), according to an exchange filing.

Inox GFL enters into solar manufacturing

First plant likely by early next year

Bhartias, Jaipurias to slug it out in cola space

Firms are competing in the QSR space

Tafe, AGCO turn advertising soil for Massey

Tractor rivals resort to media campaigns to stamp their claim on the iconic brand

Daewoo TV pricing strategy to focus on value

5% higher than Chinese, but 8-10% lower than Korean competitors

Maruti plans to expand service touchpoint network by 53% in 6 yrs

Maruti Suzuki India (MSIL) will expand its service network by adding 2,760 touchpoints by 2030-31 (FY31), a jump of 53 per cent which will take the total number of such centres to 8,000 across the country, Managing Director and Chief Executive Officer (CEO) Hisashi Takeuchi announced on Wednesday.

RInfra arm, Axis Bank get SC contempt notice

DMRC REFUND DISPUTE

Toyota bucks mkt slump, expects growth to continue

Amid slowing volume sales among India's major automakers, Toyota Kirloskar Motor (TKM) has defied the trend with strong growth, driven by demand for hybrid vehicles and a reliable product line up.

Car discounts in top gear on muted sales

Inventory buildup prompting aggressive promotions in December

FM: Reducing debt burden a priority for next decade

Finance Minister (FM) Nirmala Sitharaman on Wednesday said the priority of the government for next decade should be to reduce the debt burden and borrow only to build assets.

New RBI guv signs in, says focus to be on economic growth, policy stability

Sanjay Malhotra, who assumed office as the twenty-sixth Reserve Bank of India (RBI) governor on Wednesday, said in his first media interaction that fostering economic growth, ensuring stability in policy making, and expanding financial inclusion would be among his key priorities moving forward.

Coca-Cola to sell 40% in bottling unit to Jubilant

Reports peg the deal at around ₹12,500 crore

Store long-term crypto holdings in a cold wallet

SAFETY TIPS FOR CRYPTO INVESTORS

Swiggy's early moves stir pot in food, qcom

Growth, strategy may help close the gap with Zomato