MUMBAI: Outlier growth in personal loans and exposure to non-banking finance companies (NBFCs) were among the prominent issues that RBI top brass discussed with the chiefs of public sector banks and select private sector banks in a meeting on Wednesday. The discussion on the aforementioned issues came about three...
NEW DELHI: Industry bodies such as Confederation of All India Traders (CAIT) and Clothing Manufacturers Association of India (CMAI) have urged the Centre to postpone implementation of the MSME payment amendment in the income-tax. According to 44 (b) (h), any payment made to registered micro, small or medium enterprises...
NEW DELHI: Absence of top international oil companies from India’s exploration and production (E&P) sector could be due to lacklustre discoveries in the last 23 years even as the government has undertaken several fiscal and licensing reforms. The International Energy Agency (IEA) in a report said while the recent...
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai), on Wednesday, proposed 30 days ‘free look’ period for policies sold physically or through digital channels from the date of receipt of the policy document. A ‘free look’ period is the length of time during which a policyholder can...
NEW DELHI: After achieving success in domestic manufacturing of global electronics products like iPhones, the government is now working on a component-linked incentive scheme to make India both a product nation as well as a component-producing destination. The component-linked incentive scheme will encourage the production of electronics parts besides...
NEW DELHI: The Department of Telecommunications (DoT) is finalising modalities around administrative allocation of satellite spectrum, which is likely to include clauses such as the airwaves will only be given to offer services through a fixed terminal, officials aware of the details told ET. “Terms and conditions in the...
NEW DELHI: American retail major Walmart has cumulatively sourced products worth $30 billion from India over the last two decades even as it’s working towards an annual sourcing target of $10 billion by 2027, Andrea Albright, executive vice-president – sourcing, Walmart, said here on Tuesday. Albright was speaking at...
MUMBAI: In a show of confidence, Moody’s Investors Service on Tuesday revised the outlook on four Adani Group companies to ‘stable’, a year after revising it to ‘negative’ following a unverified report by US-based short seller, Hindenburg Research. The global ratings agency changed the outlook to ‘stable’ on Adani...
NEW DELHI: Continuous easing in core inflation is likely to provide confidence to the Reserve Bank of India’s Monetary Policy Committee as it augurs well for the expected moderation in the retail inflation trajectory, economists said. Core inflation – or inflation excluding food and fuel – eased to 3.6...
NEW DELHI: The Appellate Tribunal for Electricity (APTEL) has ruled that Indian Railways is not a deemed distribution licensee and is liable to pay cross subsidy surcharge to Discoms for the power it procures. The order, pronounced on Monday, was to settle the dispute between Indian Railways and Discoms...