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-
#39;NBFC status to P2P puts compliance burden; lending to go up#39;
via moneycontrol.comThe Reserve Bank last week came out with the guidelines for the peer-to-peer (P2P) lending marketplace that until so far remained without any regulations and are now categorised as the non-banking finance companies. -
Recovery faster than expected, need to keep growth momentum: Principal Economic Advisor Sanjeev Sanyal
via moneycontrol.comSpeaking at a webinar organised by the Bharat Chamber of Commerce, he said the country needs to keep the growth momentum and it is the only means to create employment and reduce poverty.rnrn"We are recovering much faster than expected and need to keep the growth momentum in the next two years. The government will make capital expenditure on infrastructure to create assets rather than boosting consumer demand artificially.rnrn"If we need to reduce poverty, the growth has to keep going. Else, we -
Spectrum auction ends with bids worth Rs 77,815 crore, Jio becomes biggest buyer
via moneycontrol.comReliance Jio became the biggest buyer by acquiring 488.35 MHz of spectrum for Rs 57,122.65 crore, followed by Bharti Airtel#39;s 355.45 MHz at Rs 18,698.75 crore, and Vodafone Idea#39;s 11.80 MHz for Rs 1,993.40 crore. -
Spectrum auction ends with bids worth ₹77,815 crore, Jio becomes biggest buyer
via moneycontrol.comReliance Jio was the biggest buyer with a total of 488.35 MHz of spectrum for Rs 57,122.65 crore, followed by Bharti Airtel with 355.45 MHz at Rs 18,698.75 crore, and Vodafone Idea with 11.80 MHz for Rs 1,993.40 crore. -
India sees fuel demand rebounding in year to March 2022
via moneycontrol.comIndia could consume 215.24 million tonnes (MT) of refined fuels in the financial year 2021/22 compared to the revised estimate of 195.94MT consumed in 2020/21, data posted on the website of Petroleum Planning Analysis Cell (PPAC) showed. -
India woos Tesla with offer of cheaper production costs than China
via moneycontrol.comNitin Gadkari#39;s pitch comes weeks after billionaire Elon Musk#39;s Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021. Sources familiar with the matter have said Tesla plans to start by importing and selling its Model 3 electric sedan in India. -
Around the world, COVID prompts new look at company taxes
via moneycontrol.comBritain may be first to see the tide turn as soon as Wednesday when finance minister Rishi Sunak is widely expected to announce a small increase in corporate levies in his budget announcement to help pay for the hit from COVID-19. -
Infrastructure projects to boost tourism, create opportunities for MSMEs: Nitin Gadkari
via moneycontrol.comThe minister said the government#39;s initiatives such as collateral-free automatic loans for business, including MSMEs, and Rs 50,000 crore-equity infusion through MSME Fund of Funds, which benefits companies with higher credit ratings, will generate tremendous business opportunities. -
ManipalCigna Health launches medical insurance with up to Rs 3 crore cover, highest in industry
via moneycontrol.comThis product also has one-time premium waivers for special conditions, and loyalty discounts for customers. -
BPCL may use proceeds from NRL deal to fund acquisition of Oman#39;s stake in Bina Refinery
via moneycontrol.comBPCL will also be paying a dividend to shareholders after the completion of NRL deal. -
No subsidy: Will Delhi government’s action hit Tata Nexon sales?
via moneycontrol.comThe subsidy would have brought down the on-road price of the SUV by around Rs 3 lakh. The other two electric SUVs in the country – the MG ZS EV and Hyundai Kona – don’t enjoy any subsidy in the state as they are priced above Rs 20 lakh. -
RBI restricting banks from raising stakes in insurance firms: Report
via moneycontrol.comReserve Bank of India (RBI) rules allow banks to hold up to 50 percent stakes in insurers and on a selective basis equity holdings can be higher but must eventually be brought down within a certain period. -
Jagran Prakashan to buyback shares worth up to Rs 118 crore
via moneycontrol.comJagran Prakashan said the public announcement setting out the process, timelines and other statutory details of the buyback will be released in due course. -
EXCLUSIVE | Government looks to kick off FY22 privatisation programme with BPCL, Air India
via moneycontrol.comThe finance ministry’s Department of Investment and Public Asset Management (DIPAM), the nodal body for divestment, is confident that the privatisation of BPCL and Air India can be completed by late-first quarter or early second quarter of FY22. -
Spectrum acquired in 5 circles to boost 4G coverage, capacity: Vodafone Idea
via moneycontrol.comIn a statement issued after the conclusion of the spectrum auctions on Tuesday, VIL said it has used "this opportunity to optimise spectrum holding post-merger to create further efficiencies in few circles". -
Bharti Airtel acquires spectrum worth Rs 18,699 crore in auction
via moneycontrol.comThe telco has acquired 355.45 MHz spectrum across Sub GHz, mid band and 2300 MHz bands, giving it "most formidable" spectrum holding in the country, Airtel said in a statement. -
Coming in six weeks: JetSetGo#39;s aircraft leasing arm, possibly India#39;s first
via moneycontrol.comThe new leasing company may start off its business with two aircraft, a small but vital start both for GIFT City and for India, which till now doesn#39;t have a single lessor. -
Crude oil futures rise 0.36% to Rs 4,467 per barrel, focus shifts to OPEC meet
via moneycontrol.comCrude oil erased earlier losses to trade in positive territory in the afternoon session after a gap-down open. -
Betting on death of petrol cars, Volvo to go all electric by 2030
via moneycontrol.comThe Swedish carmaker said 50 percent of its global sales should be fully-electric cars by 2025 and the other half hybrid models. -
Cess, surcharge share doubles to 19.9% of central taxes in FY21: Report
via moneycontrol.comUnder the existing Finance Commission (FC) framework, the cesses and surcharges collected by the Centre are not part of the tax devolution. -
Silver futures drop over 1% to Rs 66,625 per kg on firm dollar; downside bias remains
via moneycontrol.comThe semi-precious metal has been trading higher than 100 and 200 day- moving averages but lower than 50, 20 and 5 day-moving averages on the daily chart for the May contract. The Relative Strength Index (RSI) is at 47.86 which indicates positive momentum in prices. -
Silver futures drop over 1% to Rs 66,625 per kg on firm dollar
via moneycontrol.comThe semi-precious metal has been trading higher than 100 and 200 day- moving averages but lower than 50, 20 and 5 day-moving averages on the daily chart for the May contract. The Relative Strength Index (RSI) is at 47.86 which indicates positive momentum in prices. -
Silver futures drop over 1% to Rs 66,625 per kg; downward bias likely to continue
via moneycontrol.comThe semi-precious metal has been trading higher than 100 and 200 day- moving averages but lower than 50, 20 and 5 day-moving averages on the daily chart for the May contract. The Relative Strength Index (RSI) is at 47.86 which indicates positive momentum in prices. -
Karnataka unveils new policy for engineering research development sector
via moneycontrol.comThe Engineering RD Policy 2021 has the potential to create around 50,000 new direct and indirect jobs and attract investment into Karnataka beyond Bengaluru in next five years. -
India#39;s exports dip 0.25% to $27.67 billion in February, trade deficit widens to $12.88 billion
via moneycontrol.comThe trade deficit widened to $12.88 billion in February as compared to $10.16 billion in the year-ago period, the commerce ministry said in a statement. -
Sanjiv Bajaj leads angel investment in Clairco, startup raises Rs 4.2 crore in funding
via moneycontrol.comThis fundraise will help them launch in the Middle East and expand globally in the near future, according to a statement by the company. -
Natural gas futures up nearly 1% at Rs 205.10 per mmBtu on positive global cues
via moneycontrol.comMCX March Natural Gas holds resistance near Rs 206-209 levels and supports near Rs 200-198 levels, said Iyer. -
SEBI to auction Arise Bhoomi Developers#39; properties on April 1
via moneycontrol.comThe move is a part of SEBI’s effort to recover investors’ money. -
Expect double-digit volume growth in next six months on low-base effect: HMSI
via moneycontrol.comDecember quarter of 2019-20 had witnessed low sales as the industry was transitioning from BS IV to BS VI emission norms while the fourth quarter was hit by the COVID-19-induced lockdown. -
Bajaj Auto launches new Platina 100 Electric Start at Rs 53,920
via moneycontrol.comThe bike comes with spring-in-spring suspension that provides more comfort on longer journeys, further strengthening the promise of comfort for both the rider and the pillion.