India, an eligible destination for Tokyo’s $230-m aid for Japanese firms exiting China
On the heels of extending a subsidy package to 10 Japanese firms to invest in IT tie-ups in India, Tokyo…
Rural jobs fall, farm activity slows: Is rural India still economy’s growth engine amid double whammy?
In rural India, employment fell by 3.6 million in August and the count of the unemployed rose by 2.8 million…
Interest waiver: SC protects borrowers from coercive action by banks
“The question is about the demands of compound interest in the meantime. Moratorium and penal interest cannot go together. RBI…
GDP Q1FY21 numbers: Real estate sector contracts 5.3% in April-June quarter due to COVID-19 onslaught
Though the contraction is deep, worse was expected, real estate experts said. India’s GDP growth numbers, released today by the…
One more chance: SEBs to get Rs 90,000 crore, firm action after that
“PFC-REC lending norms have been tightened and the prudential norms have been updated to correspond to the best followed by…
Amrapali case: SC directs SBICap to fund Rs 625 crore for six projects
SBICap to be paid 12 percent internal rate of return, but no payment to be made for professional expertise or…
Loan moratorium over but cash crunch persists? Reduce EMI, reset tenure
If possible, give an authority letter to a friend/relative whom you trust to collect the papers and loan closure letter…
Can’t reduce interest rate for Amrapali projects: SBI Capital
Appearing before a bench of Justices Arun Mishra and U U Lalit, SBI’s counsel Harish Salve that it was not…
Recovery uncertain: Core infra sectors shrink 9.6% in July
The International Monetary Fund (IMF) has already predicted a 4.5% contraction for the Indian economy in FY21 and a 4.9%…
RBI loan moratorium saved three out of four companies; gave liquidity relief to lower rated firms
With RBI directing the banks to provide liquidity support to mid-sized sub-investment grade companies, many companies have found themselves in…