RBI panel recommends doubling collateral-free loans limit to Rs 20 lakh for MSMEs

There could be some good news for over 63 million Micro, Small and Medium Enterprises (MSMEs) from now on. An eight-member expert committee, constituted by the RBI, has reportedly recommended doing away... Read more »

RBI to address concerns related to data localization says Government

The RBI is going to examine concerns around its strict data localisation rules that require storing of customer data exclusively in India without creating mirror sites overseas, the government said Tuesday. The... Read more »

Trump-Xi anticipated meet sets Dow to a 400-point high, Indian markets sink

With the Dow rallying to a 400 point high, US markets saw steady gain. Trump’s tweet has reported sent the market into a tizzy, calming the US-China earlier trading woes. While Trump’s... Read more »

Circular economy could generate 1.4 crore jobs in next 5-7 years: Niti Aayog CEO Amitabh Kant

Niti Aayog CEO Amitabh Kant Monday said the circular economy has the potential to create nearly one-and-half crore jobs in next five to seven years and create lakhs of new entrepreneurs. Circular... Read more »

Hiring activity up 11% in May; IT, BPO, education in high demand: JobSpeak report

Hiring activity reported a 11 per cent jump in May over the corresponding month last year. This rise has been aided by recruitment activity in the IT-software sector, BPO and education according... Read more »

US GSP withdrawal to have little impact, moderate blow for for gems & jewellery exports: Crisil

CRISIL believes the withdrawal of benefits under the Generalized System of Preferences (GSP) effective June 5, as announced by the US earlier, will have slight impact on India’s overall export trade. In... Read more »
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PNB to sell NPAs worth more than Rs 1,000 crore on June 27

Public sector lender Punjab National Bank (PNB) has put on sale six non-performing assets (NPAs) worth over Rs 1,000 crore, along with two accounts of Vandana Vidyut and Visa Steel, which will... Read more »

FPIs still net buyers in June, pump in Rs 11,132 crore

Foreign investors are still net buyers in the domestic capital markets in June, infusing a total of Rs 11,132 crore on a net basis this month so far, according to depositories’ data.... Read more »

RITES up 6% as board considers bonus issue, IPO sells 12% stake

RITES shares rallied over 6 percent to Rs 295 on Friday after the company said its board would meet on June 24 to consider bonus issue proposal. A meeting of the board... Read more »

Advertising spend in India to go up by 11.4% to Rs 69,700 crore in 2019: Dentsu Aegis report

The advertising spend in India is likely to grow by 11.4 per cent to Rs 69,700 crore in 2019, driven by key events such as the ongoing cricket world cup and the... Read more »