REC partners with PNB to finance projects in logistics, power, infra The two entities will jointly finance loans worth Rs 55,000 crore, REC said in a statement.

How rising oil prices can impact Indian economy [ad_1] Crude oil prices have shot up since June…Brent crude has jumped to a 10-month high and breached $93/barrel in mid-September. It has averaged $83.5 in the past year. Both Reuters and EIA have raised Brent forecasts. Reuters raised the Brent price forecast to $82.45/barrel for 2023 recently, up from its July ...

Respond to intimation of past tax demands for faster refund: I-T dept The income tax department on Saturday asked taxpayers to respond to intimation from the I-T department regarding outstanding demands of previous years to facilitate faster clearance of refunds for 2022-23 fiscal. With some taxpayers taking to social media about receiving intimation from the I-T department regarding past unsettled ...

Assam CM launches third phase of microfinance loan waiver scheme Assam Chief Minister Himanta Biswa Sarma on Saturday rolled out the third phase of a scheme to waive microfinance loans availed by women of the state, benefitting over 2.23 lakh borrowers. Under this phase of the Assam Micro Finance Incentive and Relief Scheme 2021 (AMFIRS), borrowers whose loan accounts turned ...

Indian bonds, and rupee surge post inclusion in JPMorgan EM bond index Market experts are projecting approximately $30 billion in inflows into the government bond market following India’s inclusion in the index

Fund pick: HDFC Medium Term Debt Fund Fund pick of HDFC Medium Term Debt Fund

RBI proposes lenders identify 'wilful defaulters' within six months The regulator proposed that non-banking finance companies (NBFCs) should also be allowed to tag accounts using the same parameters

'No distress', people investing in other fin products, says FinMin The finance ministry on Thursday dismissed the criticism over the impact of declining household savings on the economy, saying people are investing in different financial products and “there is no distress”. The statement posted on X by the ministry brushed aside critical voices raised with regard to the decadal fall ...

Household savings fall to decades low, borrowing rises: RBI data Annual financial liabilities of households increases by 5.8% of GDP

Shree Cement to issue NCDs worth Rs 700 cr on pvt placement basis Leading cement company Shree Cement said on Tuesday that it is planning to issue Non-Convertible Debentures (NCDs) worth Rs 700 crore on a private placement basis. The company’s board of directors will consider approving the issuance of NCDs on September 25. The fundraising plan is expected to ...