Increasing delinquencies in the microfinance sector is likely to push up the NBFC-MFI credit cost to 320-340 bps in 2024-25 from 220 bps in the previous financial year, according to an Icra report. Non-banking financial companies microfinance institutions' (NBFC-MFIs) AUM growth is also likely to moderate to 17-19 per cent in the current financial year from 29 per cent in 2023-24 amid rising concerns about asset quality, it said. The report said the robust growth in the last two years has accentuated... Читать дальше...
The deal comes with Etihad celebrating 20 years of flying to India and will see the Etihad Airways logo feature prominently on the front of shirt of Mumbai City FC's first and youth team match shirts
Companies tapping younger workforce to bring senior colleagues up to date with GenAI, social media and consumer trends
India remains the fastest-growing paper market in the world with domestic consumption of packaging paper and paperboard growing at 8.2 per cent in 2023-24, a report said on Wednesday. According to the report by Indian Paper Manufacturers Association (IPMA) for 2023-24, packaging paper & paperboard market is growing at an annual rate of 8.2 per cent in the country. The domestic packaging paper & paperboard market stands at about 15 million tonnes which is nearly 65 per cent of the total paper... Читать дальше...
The CEA said that imposing these costs on micro, small, and medium enterprises (MSMEs) before they can stand on their own feet would be counterproductive
Canada will soon allow international students to work up to 24 hours per week off-campus, up from the current 20-hour limit
Realty firm Landmark Group will invest Rs 4,200 crore to develop a new housing and commercial project in Delhi-NCR as part of its expansion plan. In a statement, Gurugram-based Landmark Group said it is gearing up to expand its business portfolio with the robust project pipeline. "The company is investing Rs 4,200 crore in the next two years to launch a mix of projects in the luxury housing, retail, and commercial segments," it added. Landmark Group said its upcoming projects are located in micro-markets... Читать дальше...
The Indian rupee dropped to a one-week low, falling 4 paise to close at 84.02 (provisional) on Wednesday amid a sharp decline in the domestic equity markets as investors stayed away from riskier assets. Indian shares followed global peers lower on Wednesday, though falling oil prices on demand concerns helped limit overall losses. The benchmark S&P/BSE hit a low of 81,833.69 during intraday trade before ending the session down 202.80 points, or 0.25 percent, at 82,352.64. The broader NSE Nifty index closed down 81.15 points... Читать дальше...
Six Fields Brute is the first strong lager variant in the iconic range, embodying a robust, full-bodied beer that promises a rare experience for bold consumers
The Samsung Galaxy A06 is powered by MediaTek Hello G85 chipset and packs a 5,000 mAh battery and a 50 MP main camera. The smartphone is available for purchase on Samsung India website
As India looks to take a more significant role in maritime governance, it needs to rethink its approach to ships and shipping infrastructure and transform the way it invests, builds and utilises the maritime resources and capabilities, said Sanjeev Sanyal, member of Prime Minister's Economic Advisory Council. Sanyal was speaking at the curtain raiser of 'Sagarmanthan: The Great Oceans Dialogue' organised by the Observer Research Foundation, in collaboration with Ministry of Ports, Shipping and Waterways (MoPSW)... Читать дальше...
HSBC India Export Opportunities Fund has the flexibility to invest in companies that are part of the exports theme across market capitalization - large cap, mid cap and small cap companies
Investors focus on profitable growth as late-stage deals rebound in 2024
73 per cent rely on recommendations from friends and family when choosing insurance investments, 68 per cent trust their intuition
This comes at a time when competition is intensifying in the rapidly growing quick commerce space
Shares of GIC Re, the country's largest reinsurance company, have rallied over 75 per cent in the past one year. The company is currently valued at Rs 69,825 crore
Last week, the group looked set to proceed with a 180,000 barrel per day (bpd) hike in October, but market volatility and a weak demand outlook have raised concern
The offer received bids for 61.11 crore shares as against 1.50 crore shares on offer.
NSE India VIX rallied 3.86% to 14.38.
The OFS includes a base size of 3.39%, with an additional 3.39% offered through the green shoe option. The offering is scheduled to open for non-retail investors on September 4, followed by the retail investor segment on September 5.
Gandhi alleged that the government in New Delhi is run by Prime Minister Modi, Home Minister Amit Shah, and their corporate friends
Latest Reserve Bank of India (RBI) data show bank deposits increased 10.8 per cent year-on-year (Y-o-Y) as of August 9, 2024, which is better than the medium- to long-term average growth
Nvidia lost $279 billion of its market cap on Tuesday, leading a broader market selloff. This followed a quarterly revenue forecast by the company that fell short of investors expectations
According to the note posted on the Snap's website, Sponsored Snaps from brands will appear in the chat inbox as a new Snap without a push notifications
Over century-old intelligent power management company Eaton would establish its research and development centre in Tamil Nadu, reinforcing the company's commitment to strengthen its footprint in the country. The new facility to be spread across 1 lakh sq ft would come up in neighbouring Sholinganallur, Chengalpet district and expected to be completed by 2026 end. Chief Minister M K Stalin, Minister for Industries TRB Rajaa who are currently in the United States to woo investors to the state signed... Читать дальше...
