Page 16 - Finance

RBI cautions states with over 4% fiscal deficit, urges tax reforms

Says returning to OPS would put substantial burden on finances

NIIF-backed shadow bank considers raising $100 mn with $600 mn valuation

The Indian shadow bank aims to complete the funding round by the end of March, said another person. Deliberations are ongoing and details of the fundraising could still change

Tech transfer, finance for energy transition still a challenge: Min Yadav

Technology transfer and finance for low-carbon transition of hard to abate sectors like iron, steel, cement, and transport remains a challenge, Environment Minister Bhupender Yadav said at the UN climate talks on Sunday. Addressing an event, he said the global industrial landscape has seen a significant shift since the launch of LeadIT, an initiative focusing on low-carbon industrial, in 2019. "However, the real transition challenges of technology transfer and finance are yet to be addressed," he said. Yadav emphasised collaborative international mechanisms to tackle challenges, particularly barriers like intellectual property rights for technology transfer. He described the India-Sweden LeadIT partnership as an alliance to address the climate crisis and harmonise industries with the environment. The minister encouraged stakeholders to collaborate on innovation, technology, and collaboration to build a sustainable, inclusive industry for the future. Swedish Minister of Climate an

L&T Finance announces completing merger of 3 subsidiaries with itself

Merger will create "sustainable value" for stakeholders and help governance, says NBFC

Three financial planning mistakes experts make

Your financial plan should not be based on slogans or catchphrases. Instead, keep asking why till you agree with the rationale behind your plan

RBI approves Hinduja Group directors on board of bankrupt Reliance Capital

Central bank clears resolution plan for Reliance Capital by IIHL BFSI (India)

Signing off for Diwali: The best holiday destinations for the season

As winter sets in and large parts of India battle smog, people are taking a short break in places that offer respite

NPS Rules: PFRDA to allow users to withdraw up to 60 per cent pension fund

PFRDA has started the process of implementing new rules which will allow users to withdraw up to 60 per cent of their pension corpus. Here's all you need to know

SBI can fend off rising risks In personal loans, says S&P Ratings

SBI's personal loans are growing faster than the rest of its portfolio. However, the bank's customer selection mitigates the associated risks

BFSI highlights: Q2 GDP numbers will surprise all on upside, says Guv Das

India's highest decision-makers brainstorm on the country's future growth trajectory and maintaining financial stability amid global headwinds at BS BFSI Insight Summit today

BFSI highlights: Quality should get rewarded, says IFSCA chairperson

India's highest decision-makers brainstorm on the country's future growth trajectory and maintaining financial stability amid global headwinds at BS BFSI Insight Summit today

Money and marriage; beginner's guide to golf: Top personal finance stories

Our best stories this week are about why couples must list their assets and liabilities; what golf amateurs must do for equipment and club membership

Technologies like AI, quantum computing may alter global order: RBI Dy Guv

Deputy Governor T Rabi Sankar said that the objective of RBI is to guide innovation to maximise the financial well-being of people and the efficiency of financial systems

RBI to issue framework for SRO recognition for regulated entities

Regulator will also harmonise rules for internal ombudsman mechanism of REs

Gone shopping online: The best deals and discounts for festive season

E-commerce giants and niche websites are wooing customers to log in and splurge

RBI MPC keeps repo rate unchanged, signals tight liquidity measures

Rate-setting panel considers high inflation as risk to macroeconomic stability and sustainable growth, says Shaktikanta Das

Home safe in retirement, best online shopping: Top personal finance stories

Our best stories this week are about housing projects for the elderly and how to get the best festive season deals

Slow climb up: The time it takes the poor to become middle class in India

Religion, region, caste and education determine social mobility in the country

ICICI Lombard says it has got Rs 1729 cr tax demand from GST Intelligence

General insurer says it will file a response to the notice based on advice from its tax advisors

Bank credit growth to dip to 13-13.5% this year from 15.9% in FY23: CRISIL

Growth in wholesale credit, which makes up to 60% of overall credit, is likely to slow to 11-11.5% this year from a decadal high of 15% last year