Page 235 - Finance News
Centre, Asian Development Bank sign two loan pacts worth $250 million
The loan for the Subprogram 2 will help in the integration of industrial corridors with transport, logistics and urban facilities under the government's Prime Minister Gati Shakti platform
 "Centre, Asian Development Bank sign two loan pacts worth $250 million")
RBI imposed monetary penalties worth Rs 40 crore on 211 entities in 2022-23
Out of 211, 176 penalties worth Rs 14.04 crore were alone imposed on cooperative banks, Bhagwat Karad told Lok Sabha on Monday
 "RBI imposed monetary penalties worth Rs 40 crore on 211 entities in 2022-23")
From India to Australia, Goldman sees banks easing policy earlier after Fed
Still, Goldman expects the rate reductions in the Asia-Pacific to be fewer and shallower than Fed officials' projected easing cycle
 "From India to Australia, Goldman sees banks easing policy earlier after Fed")
Ports shipping lines may charge more for fighting climate change
The global shipping industry that is responsible for about 3 per cent of the global GHG emissions and carries nearly 90 per cent of international cargo is one such
 "Ports shipping lines may charge more for fighting climate change")
States to boost fiscal health in FY24 with high revenue, capex: RBI report
The proportion of states' revenue in gross state domestic product (GSDP) is projected to reach 8.2 per cent in FY24, the highest since 2018-19
 "States to boost fiscal health in FY24 with high revenue, capex: RBI report")
BS Tamil Nadu Round Table to discuss future of manufacturing, GCC on Monday
To capture the unique growth story of Tamil Nadu, Business Standard is hosting a marquee event-Tamil Nadu Round Table 2023-- in Chennai on Monday
 "BS Tamil Nadu Round Table to discuss future of manufacturing, GCC on Monday")
Rising cost of funds may squeeze bank NIMs by 30 bps more: CARE Ratings
Banks are still grappling with policy rate hikes on deposits, along with regulatory actions on unsecured lending
 "Rising cost of funds may squeeze bank NIMs by 30 bps more: CARE Ratings")
Lawmakers to hold discussions with select banks, insurance cos next year
Indian government, in 2019, announced the merger of 10 state-owned banks into four lenders
 "Lawmakers to hold discussions with select banks, insurance cos next year")
India's foreign reserves jump to a five-month high of $607 billion
The total reserves rose due to the increase in foreign currency assets, which rose by $3 billion in the week
 "India's foreign reserves jump to a five-month high of $607 billion")
Dry powder decoded: What it means to investors and the financial ecosystem
Dry powder refers to the cash reserves maintained by corporations, private equity funds, and individual investors for strategic investments or during an economic downturn
 "Dry powder decoded: What it means to investors and the financial ecosystem")
Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom
The Mumbai-listed company is seeking to hire at least seven senior investment bankers in the coming year for sectors such as industrials and digital technology
 "Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom")
Sterling and Wilson Renewable Energy raises Rs 1,500 crore through QIIs
Bulk of the proceeds from the QIP will be used to pare down debt furthermore providing us capital to pursue the fast-growing solar EPC markets in India and abroad, company's Global CEO said
 "Sterling and Wilson Renewable Energy raises Rs 1,500 crore through QIIs")
Reserve Bank of India to conduct 7-day variable rate repo auction on Friday
"The response should be good from the banks and the auction should sail through easily as the liquidity is very tight right now," a dealer at a state-owned bank said
 "Reserve Bank of India to conduct 7-day variable rate repo auction on Friday")
Fund pick: ICICI Prudential ELSS Tax Saver
Fund pick of ICICI Prudential ELSS Tax Saver
 "Fund pick: ICICI Prudential ELSS Tax Saver")
PM Modi seeks to revive hinterland finance hub GIFT city with new breaks
Modi last weekend addressed an investment conference in the city to breathe life back into the site, calling for it to become a "new age financial services and technology nerve center"
 "PM Modi seeks to revive hinterland finance hub GIFT city with new breaks")
Rupee rebounds 13 paise to 83.27 against US dollar in early trade
The local unit opened strong at 83.30 at the interbank foreign exchange market. The currency rose further to hit a high of 83.27 in morning deals, reflecting gains of 13 paise over the previous close
 "Rupee rebounds 13 paise to 83.27 against US dollar in early trade")
S&P downgrades Vedanta Resources to 'CC' on potential bond extensions
The ratings remain on CreditWatch with negative implications, where they were first placed on September 29, 2023
 "S&P downgrades Vedanta Resources to 'CC' on potential bond extensions")
S&P downgrades Vedanta Resources to 'CC' on potential bond extensions
The ratings remain on CreditWatch with negative implications, where they were first placed on September 29, 2023
 "S&P downgrades Vedanta Resources to 'CC' on potential bond extensions")
Presence of Indian banks via subsidiaries increased to 417 in FY23: RBI
The survey covers 14 Indian banks having overseas branches or subsidiaries and 44 foreign banks having branches or subsidiaries in India
 "Presence of Indian banks via subsidiaries increased to 417 in FY23: RBI")
FM introduces GST bill to raise age limit of president appellate tribunals
The president and members of the GSTAT would be eligible for re-appointment for a period of two years subject to the age limit of 70 and 67, respectively, as per the amended bill
 "FM introduces GST bill to raise age limit of president appellate tribunals")