MFIs to play leading role in India's economic growth: Study
Microfinance institutions, which have acted as a financial support system to low-income households by offering credit access to six crore borrowers in the last few years, will play a leading role in the growth process of India, according to a study. From February 2017 to June 2022, the MFI sector underwent...
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USFDA pulls up Sun Pharma for lapses in Halol plant
15 January 2023 | PTI -
‘Wheat output to increase by 5 mn tonnes this yr’
15 January 2023 | PTI -
Bank deposits growth trails credit growth, says report
15 January 2023 | IANS -
Vodafone plans hundreds of job cuts, biggest in 5 years: Report
14 January 2023 | IANS -
Public, pvt sector need to think out of box to seize global chances: PM
14 January 2023 | PTI -
SIDBI to partner with AMFI to support Bengal's women entrepreneurs
14 January 2023 | PTI -
Wipro Q3 net profit rises 2.8% to `3,053 cr
14 January 2023 | PTI
Gold rises Rs 121, silver declines by Rs 145
Gold prices rose by Rs 121 to Rs 56,236 per 10 grams in the national capital on Friday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 56,115 per 10 grams. Silver, however, declined Rs 145 to Rs 68,729 per kg. In the...
Rupee falls 4 paise to close at 81.34 against US dollar
The rupee depreciated by 4 paise to close at 81.34 (provisional) against the US dollar on Friday, tracking a rebound in crude oil prices and sustained foreign fund outflows. Forex traders said positive macroeconomic data and broad weakness in the American currency supported the rupee and contained the depreciation bias. At the...
Sebi mulls allowing private equity funds to become sponsor of mutual fund
Capital markets regulator Sebi on Friday proposed allowing Private Equity (PE) funds to sponsor a mutual fund house as they can bring in strategic guidance and talent to fuel growth of the industry. The proposal comes in the backdrop of IDFC Mutual Fund getting acquired by a consortium comprising Bandhan Financial...
Centre asks States to address gaps in fishery sector in upcoming annual plans
The Centre has asked state governments to address the gaps that still exist in the fishery sector in their upcoming annual plans by prioritising the value chain. This was communicated to state fisheries department officials at a workshop organised recently to formulate strategies for annual action plans for 2023-23 and 2024-25,...
HCL Tech bags IT operations contract from State Farm
HCL Tech has bagged a deal to modernise IT service desk and infrastructure operations of insurance firm State Farm, the IT company said on Friday. Under the agreement, HCL Tech will further modernize State Farm's back-end IT services and infrastructure through automation, advanced technology tools and mature processes to enable State...
India's forex reserves drop by USD 1.268 bn to USD 561.583 bn
India's forex reserves declined by USD 1.268 billion to USD 561.583 billion for the week ended January 6, the Reserve Bank said on Friday. The overall reserves had increased by USD 44 million to USD 562.851 billion in the previous reporting week after two consecutive weeks of the slide. In October 2021,...
Sensex, Nifty rebound after 3-day decline
Benchmark Sensex and Nifty snapped a three-day losing streak to settle higher by over half a per cent on Friday following buying in IT, financials and metal shares on easing inflation worries. The 30-share BSE Sensex rose by 303.15 points or 0.51 per cent to settle at 60,261.18. During the day,...
