Page 10 - Nikesh Singh

Fintech firm Enkash claims three-fold growth in valuation since March

Start-up that helps businesses manage their payments says it will not seek more funding this financial year

GeM closes in on Amazon, Flipkart in gross merchandise value

In FY22, govt's public procurement portal recorded a GMV of $14.2 bn, as against Amazon India's $17 bn and Flipkart's $23 bn

Govt proposes issuance of one licence for all insurance businesses

Suggests allowing insurers to sell other financial products

Govt to sell 50.79% in NMDC's steel plant at Nagarnar, invites bids

The last date for submitting queries by interested bidders is December 29, 2022, and that for submission of bids is January 27, 2023 as per the expression of interest (EoI)

GeM public procurement crosses Rs 1 trillion in just eight months

Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since inception and the number of transactions on GeM exceeded 12 million

Muthoot Finance to raise Rs 300 crore through secured redeemable NCDs

The issue offers an attractive rate of return of 7.75% to 8.25% to retail and HNI investors

RBI permits banks to open 12 special vostro accounts for trade in rupees

So far, not a single overseas trade transaction directly involving the rupee has taken place

Need to promote circular economy to deal with climate change: Amitabh Kant

State chief secys' meet to address challenges faced in implementation of circular economy, says India's G20 Sherpa

HDFC twins may merge by April next year, says Chairman Deepak Parekh

Parekh said the voting process of shareholders on the proposed merger has received "fair amount of votes" from shareholders already

Capex by CPSEs accelerates to 53% of annual target during Apr-Oct period

During the same period a year ago, CPSEs were able to exhaust only 44.78 per cent of the full year target

Axis Bank launches 7th edition of knowledge summit 'Evolve' for MSMEs

The current edition is focused on the broader theme of 'Indian SMEs: Shifting Gears for Next Level Growth'

Moody's slashes India's GDP growth forecast for 2022 by 70 bps to 7%

Weak rupee, and high oil prices cited as reasons for the downward revision

BSNL tops list of CPSEs with highest pending dues to small firms

The micro, small, and medium enterprises (MSME) ministry has created a portal where these firms can file applications online regarding delayed payments

Centre likely to raise authorised fund in NSFDC by Rs 1,000 crore

The Department of Social Justice, the nodal authority, has floated a draft cabinet note for inter-ministerial consultation

PNB to transfer bad loans worth Rs 20,008 cr from 62 accounts to NARCL

NARCL has been set up by commercial banks to aggregate and consolidate stressed assets for their subsequent resolution

PNB Q2 net profit slips 63% to Rs 411.3 crore as NPA provisions rise

PNB's total income during July-September 2022 was Rs 23,001.3 crore as against Rs 21,262.3 crore a year ago

Centre directs 36% of defaulter CPSEs to join TReDS platform

The number of CPSEs registered on the RXIL platform is 110, whereas more than 50 CPSEs have registered on the M1xchange

A big step towards 'ease of living': PM Modi opens 75 digital banking units

The DBUs will help banks that are now looking to reduce their physical footprint with fewer brick-and-mortar branches, with a 'light' banking approach.

Govt removes criteria for CPSEs to improve share price over sectoral index

Among other key criteria, the MoU has now assigned 2 marks out of 100 for procurement from GeM portal as percentage of total procurement

Govt scraps sale of SAIL's Bhadravathi plant on low bidder interest

During the current financial year (FY23), so far, Rs 24,543.67 crore has been obtained as disinvestment receipts against the target of Rs 65,000 crore