To ensure easy and adequate credit availability to the MSME sector, the State Bank of India (SBI) is planning to enhance the threshold under the instant loan scheme from the existing Rs 5 crore. ‘MSME Sahaj – End to End Digital Invoice Financing‘, provides solutions ranging from applying for the loan, documentation and disbursement of […]
ICICI Bank Credit Card Rules: ICICI Bank has introduced significant changes to its credit card rules, impacting millions of cardholders. The updates include modifications to reward points, transaction fees, and benefits across various card categories. The new rules will come into effect from November 15, 2024. After the new rules, the bank has taken away […]
Getty Images Warnings of a “painful” Budget tend to mean hefty tax rises are looming. Chancellor Rachel Reeves claims she needs to find £22bn to mend a “black hole” in the public purse. At the same time, she is pledging to end austerity and spend money on things like hospitals and roads, which are crucial […]
New Delhi: At least 32 domestic startups secured nearly $135 million in funding this week, which saw four growth-stage deals and 22 early-stage deals in a significant jump of over 45 per cent from last week. Deeptech startups emerged as leader this week as Industrial robotics maker Haber raised Rs 317.2 crore (approximately $38 million) […]
NEW DELHI: The central government has upgraded Hindustan Aeronautics Limited (HAL) as the 14th Maharatna Central Public Sector Enterprises (CPSE), the Department of Public Enterprises said in a post on social media X on Saturday. The Maharatna status will further enhance its operational autonomy and financial powers with promising future projects and growth.It can now […]
P&O Ferries owner, DP World, will now attend the UK’s investment summit on Monday, despite a row over a minister’s criticism of the firm. It had been feared they might pull out from the summit – where they were expected to announce a £1bn investment – after Transport Secretary Louise Haigh criticised the ferry firm […]
Mumbai: Foreign portfolio investors (FPIs) sold equity worth Rs 58,710 crore (till October 11), but massive selling didn’t have a serious impact on the market, market experts said on Saturday. According to them, the entire FPI selling has been absorbed by the domestic institutional investors (DIIs) who are receiving sustained fund inflows. The major trend […]
Authored by Durgesh Jaiswal & Niharika Gupta: In today’s fast-evolving financial landscape, the accuracy and reliability of credit models have become more crucial than ever. The Reserve Bank of India (RBI), in its circular issued on August 5, 2024, titled ‘Regulatory Principles for Management of Model Risks in Credit’, introduced a comprehensive regulatory framework that […]
As the festive season graces India, the real estate market is poised for its traditional surge, fuelled by developer incentives and strong economic indicators. This year, a confluence of factors, including evolving buyer preferences and robust infrastructure development, is driving growth, particularly in emerging luxury hotspots like Gurugram. CBRE’s Festive Season Residential Outlook 2024 predicts […]
The International Monetary Fund (IMF) has identified corruption, bureaucratic red tape, and a weak business environment as the primary challenges hindering Pakistan’s development. In response, the government has assured the IMF of taking firm steps to address these issues, including greater transparency and accountability in the public sector. The government has also assured the IMF […]
