-
Frowns are becoming deeper across the foreheads of retailers since the items are flying off the shelves at paces that are far lower than what the retailers expect even after offering discounts that range up to 75%
-
July to September. Interest rates on many small savings schemes have been increased by 10 to 30 basis points.
-
According to the data released by the ministry of finance, more than ₹ 7,100 crore was raised in the financial year 2023 through government gold bonds and gold monetization scheme. Whereas in FY 2022, this collection was more than ₹ 13,100 crore.
-
A model agreement was drafted by the Indian Banks Association but RBI later modified it, whereby the deadline was extended to the last day of the current calendar year
-
RBI has said that about 10% of the retail borrowers are regularly missing their EMIs but are just managing to stave off the non-performing asset stamp by scrambling to pay some amount before the mandatory 90-day deadline passes.
-
Banned antibiotics have been detected in seafood and meat. It is considered a threat to the health of humans and animals. After this, the Drugs Technical Advisory Board (DTAB) of India has been asked to monitor it.
-
The data release comes amid news reports stating that the RBI has been cautioning banks about the risks on unsecured books, which includes credit cards, personal loans, and microfinance.
-
Now certain classes of FPIs will have to furnish granular details about ownership and economic interests. The move is aimed at preventing possible circumvention of public shareholding requirements and potential misuse of the FPI route to guard against opportunistic takeover of Indian companies.
-
The Finance Ministry has also deferred to October 1, the implementation of a higher TCS of 20 per cent on expenditures made under LRS and overseas tour packages
-
Adani group shares were in focus today, with Sheela Foams rising on reports of it buying competitor Kurlon
