ADB to explore risk-factored approach for lending to developing nations: FM Finance minister Nirmala Sitharaman on Thursday said India encourages ADB to explore adopting innovative, risk-factored approach for lending to the developing member countries (DMCs). During her intervention in the Governors Plenary meeting of Asian Development Bank (ADB), she expressed India’s support to remove the charter lending limit ...

EPS pension: Higher EPS pension: Labour ministry clarifies how it will compute pension on higher wages [ad_1] The labour ministry, on Wednesday, clarified that it would draw 1.16 % additional contribution from within the overall 12% of the contribution of the employers into the provident fund while computing the pension on higher wages, thus complying with the Supreme Court directive ...

Premature redemption of SGB: Check premature redemption price for Series I of Sovereign Gold Bonds 2018-19 [ad_1] The premature redemption of the Sovereign Gold Bond (SGB) Scheme Series I of SGB 2018-19), falls on May 04, 2023. The Reserve Bank of India allows premature redemption of Gold Bond after the fifth year from the date of issue of such Gold ...

IndusInd Bank likely to get added to MSCI during Aug rebalancing exercise Decoded: What is index rebalancing, and how does it impact stocks? MSCI India index rebalancing could stoke Rs 13,000-crore churn Stocks to Watch Today: Airline, Tata Steel, PSB, Airtel, Sugar, Max Health Stocks to Watch: Titan, Tata Chem, Adani Group, RIL, Petronet, Apollo Micro Is it time to ...

India’s green financing requirement estimated at 2.5% of GDP: RBI Study India’s green financing requirement is estimated to be at least 2.5 per cent of GDP annually till 2030, a Reserve Bank report said on Wednesday. The country aims to achieve net zero emissions target by 2070. The Reserve Bank of India’s report on Currency and Finance ...

Irdai proposes guidelines for remuneration of core team of private insurers Insurance sector regulator Irdai on Wednesday proposed a revised guidelines for remuneration for non-executive directors and persons in key managerial positions of private insurers to ensure alignment of compensation with prudent risk management. In an exposure draft, the Insurance Regulatory and Development Authority of India (Irdai) said ...

India’s additional green financing need at 2.5% of GDP: RBI report India will need additional annual investment of 2.5 per cent of gross domestic product (GDP) at least for green financing till 2030. This is to bridge the infrastructure gap for climate change goals, according to a Reserve Bank of India (RBI) report. The RBI, in its report on ...

Contracts to revamp New Delhi, Ahmedabad stations ‘axed’ over pricey bids Rail stocks may chug along till budget; book profit selectively: Analysts Mumbai CSMT revamp set to be on track; Ahluwalia Contracts lowest bidder Sale of residential property in Mumbai touches a five-year high in 2022 Apple opens its first official store in Mumbai; what we know so far L&T ...

Multiples Alternate announces $640 million first close of PE fund Illustration: Ajay Mohanty (Reuters) – Indian private equity firm Multiples Alternate Asset Management on Wednesday announced the first close of a $640 million fund aimed at investing in domestic companies. A first close allows a fund to start investing in companies while raising capital for its own fund. ...

Suzlon Energy announces early redemption of FCCBs worth $35.9 million Suzlon Energy on Wednesday announced early redemption of USD 35,931,200 Foreign Currency Convertible Bonds (FCCBs) which were due for payment in 2032. “This is to inform that the company has redeemed the entire outstanding FCCBs at their principal amount aggregating to USD 529,338.11 together with accrued but unpaid ...