World Bank approves $1.5 bn financing for India’s low carbon energy sector The World Bank said on Friday it has approved $1.5 billion in financing to accelerate the development of India’s low carbon energy sector. The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy ...

Forex spend tax: FAQs awaited on many aspects [ad_1] (This story originally appeared in on Jun 30, 2023) NEW DELHI: Anil Singh’s daughter studies at a design school in Europe and shares an apartment near her college, which does not offer residential facility on campus. Every month, Singh (name changed) has to budget for a 20% additional outgo due to ...

One in every 10 retail borrowers missing monthly payments: RBI report Even as the gross bad loans in India are at a decadal low of 3.9 per cent, nearly 10 per cent of retail borrowers are missing their monthly payments, the financial stability report (FSR) released by the Reserve Bank of India (RBI) recently showed. According to the ...

new bank: Customers face brunt of new bank locker rule [ad_1] (This story originally appeared in on Jun 30, 2023) MUMBAI: With Friday being the deadline for updating 50% of locker agreements, banks are urging customers to sign the new contracts. However, the process has become burdensome due to a lack of uniformity, not only across banks but even between ...

Homegrown bank giant bigger than Morgan Stanley to arise from India merger By Preeti Singh and Divya Patil A homegrown Indian company will for the first time rank among the world’s most valuable banks after completing a merger, marking a new challenger to the largest American and Chinese lenders occupying the coveted top spots.    The tieup ...

Indian rupee may struggle on more Fed rate hike bets, US yields surge By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to struggle on Friday following a jump in U.S. yields and the dollar index on expectations that more Federal Reserve rate hikes were on the way. Non-deliverable forwards indicate rupee will open at ...

India Inc’s fundraising from overseas up 12% to $9.7 billion in H1 2023 Indian companies raising funds from foreign sources rose 12 per cent to $9.7 billion in the first half of calendar year 2023, compared with $8.6 billion raised in the same period of 2021-22. Several companies, led by Reliance Industries, raised funds from overseas, notwithstanding the ...

What happens if you fail to do so? The last date to link the Aadhaar card and PAN card has been fixed at June 30. The Centre had earlier fixed the last date to link the PAN and Aadhaar cards as March 31, 2023. This was, however, later postponed. While linking the two cards, the users will have ...

Fund pick: Nippon India Growth Fund Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Fund pick: SBI Magnum Midcap Fund Personal loans galore: Credit offtake to outpace deposit growth in FY24 Sundaram Alternates launches Rs 1,500 cr realty ...

A snapshot of company fixed deposit rated offered by various companies Company Fixed Deposit Rates *At Monthly Rests. Additional interest of 0.25% p.a on all renewals, where the deposit is matured. Additional interest of 0.10% p.a. for women depositors. Data as on 28 June 2023 First Published: Jun 29 2023 | 6:21 PM IST