Page 254 - Finance News

Agritech Ergos raises $10 mn as equity, debt from investors to grow biz

Ergos digitises grain storage, empowering farmers to convert their grains into tradable digital assets and earn more by selling produce at optimal times post-harvest

Lenders seek RBI's guidance as OFAC restricts payments via ACU mechanism

US Office of Foreign Assets Control advises banks to halt ACU-related payments, raising concerns for India's trade settlement with ACU nations

Indian bonds, and rupee surge post inclusion in JPMorgan EM bond index

Market experts are projecting approximately $30 billion in inflows into the government bond market following India's inclusion in the index

RBI's stringent norms: Wilful defaulters must be identified within 6 months

NBFCs, co-op banks allowed to name defaulters

TruCap, HDFC Bank form co-lending tie-up for underserved MSME borrowers

Industry estimates indicate that the MSME sector has an overall credit demand of Rs 69.3 trn, growing at a CAGR of 11.5%

Flight of disinvestment: Centre's PSU stake sale programme remains elusive

Air India flew and LIC moved, but a big-bang PSU stake sale programme has proved to be elusive so far

Bank credit grows 15.07% YoY in early Sept; deposits expands by 12.8%

RBI released the Scheduled Banks' Statement of Position in India as of September 8, 2023

RBI proposes lenders identify 'wilful defaulters' within six months

The regulator proposed that non-banking finance companies (NBFCs) should also be allowed to tag accounts using the same parameters

Fund pick: HDFC Medium Term Debt Fund

Fund pick of HDFC Medium Term Debt Fund

RBI can spend $30 bn of forex reserves for defending rupee: Report

The rupee rose by 5 paise to close at 83.06 against the dollar at the end of the day's trade on Thursday

'No distress', people investing in other fin products, says FinMin

Net household savings declined to a 47-year low of 5.1% of gross domestic product in FY23 as compared to 7.2% recorded in the previous year: RBI data

Fino Payments shares recover after 'funds misappropriation' allegation

Lender says action by some employees will not impact it; conducts internal investigation

Rupee appreciates by 19 paisa to settle at Rs 83.08 ahead of Fed outcome

The rupee had hit a fresh closing low of Rs 83.27 per US dollar on Monday, influenced by rising US Treasury yields and crude oil prices

Attractive returns see retail investors prefer T-bills over govt bonds

Total subscriptions in the primary market surged to Rs 2,736 crore on September 18, from Rs 1,809 crore on April 3

Household savings fall to decades low, borrowing rises: RBI data

Annual financial liabilities of households increases by 5.8% of GDP

Ice cream topping crackle likely to attract 18 per cent GST on AAR ruling

Court held crackle is not intended for direct consumption by users but as an industrial input

ECB registration declines for the first time in FY24: RBI monthly bulletin

External commercial borrowing (ECB) refers to the borrowing of funds by Indian companies from foreign sources in the form of loans, bonds, or other financial instruments

Equity FDI into India declines sharply to $5.7 bn in April-July period

The net FDI, inflows minus outflows, declined from $17.28 billion in April-July 2022 to $5.70 billion in April-July 2023 on account of moderating gross FDI and a rise in repatriation

Shree Cement to issue NCDs worth Rs 700 cr on pvt placement basis

The fundraising plan is expected to be part of the company's Rs 7,000-crore capex plan in the next phase of growth, during which it aims to add additional 12 million tonne of capacity

Speed up digitisation to ensure better services in rural areas: FM to RRBs

There is still a lot of work to do in digitising RRBs and cooperative banks, she said after launching the 'Kisan Rin Portal' and Weather Information Network Data Systems (WINDS) manual here