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 ...

Farm subsidies impacts food security, WTO needs to look with open mind: FM The World Trade Organisation (WTO) should look at the issue of farm subsidies with an open mind as it impacts the food security needs of emerging economies in the backdrop of Covid pandemic and the Russia-Ukraine war, finance minister Nirmala Sitharaman said on Wednesday. Speaking ...

38 new branches, ATMs to be opened in Arunachal Pradesh: Union minister Union Minister Dr Bhagwat Kishanrao Karad has said that the banking industry would expand its network in Arunachal Pradesh as 38 new branches and an equal number of ATMs will be opened in the state in the next six months, according to an official statement issued here ...

Net profit zooms 86% at Rs 581.24 cr on improvement in margins UCO Bank net profit up 145% at Rs 504 cr in July-September quarter Placement offers at IITs in 2023 may not be as high as last year: Report UCO Bank Q4 net profit rises 86% to Rs 581.24 cr, NPA down to 4.78% Old income tax regime vs ...

Chase India to set up SRO in light of recent crackdown on Chinese loan apps Amid the government crackdown on illegal loan apps, research firm Chase India in a report on Tuesday proposed setting up a self-regulatory organisation (SRO) for the digital lending industry. The report on whitelisting framework for digital lending apps (DLAs) intends to support the ...