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NEW DELHI: Private equity funding in the real estate sector fell 16 per cent last fiscal to USD 3.67 billion on lower interest from foreign investors, according to Anarock. In its report, Capital FLUX, real estate consultant Anarock pointed out that the private equity (PE) deals in Indian real...
NEW DELHI: Mahindra Susten on Monday said it will foray into the hybrid renewable energy segment by setting up a Rs 1,200-crore 150-megawatt solar wind energy project in Maharashtra. The project includes installation of a 101 megawatt (MW) wind and 52 MW solar capacity, Mahindra Group said in a...
NEW DELHI: The International Youth Economic Forum, organised by the Roscongress Foundation, will be held on the last day of Saint Petersburg International Economic Forum 2024 (SPIEF) on June 8. It will bring together young entrepreneurs, managers, talented students, postgraduates and scientists, including those awarded scholarships, grants and prizes...
NEW DELHI: The staffing industry grew 3.6 per cent in October-December 2023 as compared to the previous quarter, the Indian Staffing Federation (ISF) said on Monday. ISF, the apex industry body representing manpower outsourcing industry, released the Flexi Staffing Industry Employment growth report for Q3 FY2024 (October-December 2023). The...
NEW DELHI: The Narendra Modi government, confident of being re-elected, has drawn up a busy legislative plan for its first 100 days, which include creation of a national financial information registry, and key amendments to the insurance and insolvency laws, official sources said. The National Financial Information Registry (NFIR)...
NEW DELHI: The Department of Telecommunications (DoT) is expected to approach Trai this month to seek the regulator’s views on method and pricing for allocation of spectrum and scope of licences to be issued for satcom services, according to sources. “The Telecom Regulatory Authority of India (Trai) had floated...
NEW DELHI: The actual fiscal deficit of states for the financial year 2023-24 (FY24) is expected to be closer to the original budgeted estimate of 3.1 per cent of the Gross Domestic Product (GDP) instead of the revised estimate of 3.5 per cent, with both revenue and expenditure showing...
MUMBAI: Banks are likely to see pressure on their net interest margins (NIM) in the quarter ended March 2024 on account of tight liquidity conditions and higher funding cost. However, the quarter-on-quarter (QoQ) decline in the NIM – the difference between the interest earned and the interest paid by...
MUMBAI: As input prices, which were benign for a few quarters, turn inflationary, the spectre of shrinking packs looms large within the fast-moving consumer goods (FMCG) segment. This summer has seen the trend make its way back, albeit slowly, and in select categories. Companies have been cautious when reducing...
NEW DELHI: Commercial air-conditioning (AC) market holds “significant promise” and is witnessing growth, driven by rapid urbanisation, infrastructural development and growing emphasis on comfort in commercial spaces, said Sunil Vachani, president of electronics and appliances manufacturers’ body CEAMA. “The commercialC (Heating, Ventilation, and Air Conditioning) segment is witnessing a...
NEW DELHI: India has added a record renewable energy capacity of 18.48 GW in 2023-24, which is over 21 per cent higher than 15.27 GW a year ago, according to the latest data of the Ministry of New & Renewable Energy. “However, industry experts said there is a need...
NEW DELHI: The government on Saturday said the payment mechanism for traders importing pulses from Myanmar has been eased and simplified. The importers have been asked to utilize Rupee/ Kyat direct payment system using Special Rupee Vostro Account (SRVA) through Punjab National Bank, the consumer affairs ministry said in...
NEW DELHI: LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report. “The value of LIC’s investment in...
NEW DELHI: In a bid to check incidence of BoB World app scam and other such financial frauds, the finance ministry makes a case for an enhanced KYC procedure and extensive due diligence by banks and financial institutions for onboarding merchants to safeguard customers against cyber risks, sources said....
NEW DELHI: Retail inflation eased to a 10-month low of 4.85% in March while industrial output hit a four-month high of 5.7% in February, data released Friday showed. With inflation maintaining its downward trajectory, the print — which was below 5% for the first time in five months —...
NEW DELHI: Moody’s on Friday retained India’s rating, maintaining a stable outlook and projecting well over 6% economic growth over the next two fiscal years. The global rating agency kept the country’s long-term and short-term ratings unchanged at Baa3 and P-3, respectively, after a periodic review, citing a gradual...
NEW DELHI: The Telecom Regulatory Authority of India (TRAI) on Friday proposed that the government should provide funding for testing new products in the communications sector as some innovations can potentially bridge the digital divide. The proposal was a part of the recommendations released by the TRAI aimed at...
MUMBAI: State Bank of India (SBI) has approached the Reserve Bank of India (RBI) to put a cap on non-banking financial companies’ (NBFCs) lender base. Currently, many NBFCs borrow from over 50-60 lenders at the same time. The country’s largest bank believes that large number of lenders dilutes the...