The Ministry attributed decline in pulses, coarse cereals, soybean and cotton production to drought-like conditions in Southern States, like Maharashtra and prolonged dry spell during August. India’s foodgrain production reached a record 332.22 million tons in the 2023-24 crop year ended June, driven by bumper wheat and rice output, the Agriculture Ministry said on Wednesday. […]
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India’s finished steel imports from China reached a seven-year high in the first five months of the 2024/25 financial year, according to provisional Government data. Overall imports hit a six-year high at 3.7 million metric tons, driven by strong demand from infrastructure and automotive sectors. Domestic consumption also surged, while exports declined. India’s overall finished […]
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India’s defence production has reached a record high of Rs 1.27 lakh crore in 2023-24, with exports to over 90 countries. Defence Minister, Rajnath Singh highlighted the success of the ‘Make in India’ program, which aims to make India self-reliant and boost domestic defence manufacturing. India’s defence production hit a record high of Rs 1.27 […]
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From agritech to healthtech and edtech, explore the booming sectors in smaller cities and the opportunities they offer for startups. Learn how entrepreneurs are thriving in these regions, solving local problems, and driving economic growth. India’s startup revolution, once confined to the tech parks of Bengaluru or the financial corridors of Mumbai, is now spreading […]
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This is exorbitant profit making. So, I think the regulator has to first put curbs on the merchant bankers. As you are saying, diligence of them and if they have found fault, there should be severe and strict punishment on the institutional piece of the business, that is one. Second is what this is also […]
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BSE has warned merchant bankers that sometimes discrepancies have come to light, and that due diligence based on SEBI guidelines needs to be followed. In a potential sign that stock exchanges are tightening regulations on SME issuers, the BSE has cautioned that merchant bankers should conduct thorough due diligence before submitting draft papers, according to […]
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India’s private sector economy hit a nine-month low in September due to slower manufacturing and services activity, despite a rise in employment and improved business confidence. The headline flash composite PMI fell to 59.3 from 60.7 in August, with both sectors showing similar trends. Slower manufacturing and services business activity in September pulled down India’s […]
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China’s Central Bank slashed the interest rate on its one-year policy loans by the most on record, beginning a sweeping program aimed at reviving confidence in the world’s second-largest economy, according to a report by Bloomberg. The People’s Bank of China cut the rate of the medium-term lending facility to 2% from 2.3%, according to […]
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Balance-level delinquencies in credit card segment stood at 1.8% in Q1FY25 – highest among all other credit divisions. Balance-level delinquencies in the credit card segment saw a 17 basis points (bps) year-on-year (Y-o-Y) rise in the quarter ending June 2024 (Q1FY25). In all other credit segments, including personal loans, delinquencies declined even as retail credit […]
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The report, which tracks digital loans for the June quarter, highlights disbursement trends from 33 FACE members. Loans disbursed by digital lenders have risen by 27% to Rs 37,676 crores, according to a report released by the Fintech Association for Consumer Empowerment (FACE), an RBI-recognized Self-Regulatory Organization in the Fintech sector (SRO-FT). However, this represents […]
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