MFIs to play leading role in India's economic growth: Study

MFIs to play leading role in India's economic growth: Study

Sunday, 15 January 2023 | PTI | Kolkata

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...

Gold rises Rs 121, silver declines by Rs 145

Saturday, 14 January 2023 | PTI | New Delhi

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

Saturday, 14 January 2023 | PTI | Mumbai

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

Saturday, 14 January 2023 | PTI | New Delhi

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

Saturday, 14 January 2023 | PTI | New Delhi

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

Saturday, 14 January 2023 | PTI | New Delhi

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

Saturday, 14 January 2023 | PTI | Mumbai

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

Saturday, 14 January 2023 | PTI | Mumbai

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,...

State Editions

7-yr RI for raping minor in B’swar

28 January 2023 | PNS | Bhubaneswar

2 die as SUV overturns in Boudh

28 January 2023 | PNS | Bhubaneswar

'Use Budget provisions fully, avoid parking of funds'

28 January 2023 | PNS | Bhubaneswar

Month on, action not taken against Tarbha officials yet

28 January 2023 | SRIKUMAR MAHANTA | Bhubaneswar

PPA all set to handle 130 MT

28 January 2023 | PNS | Bhubaneswar

'Drop Keuta, Kaibarta, Dhibara from SC category'

28 January 2023 | AJIT PANDA | Bhubaneswar

Sunday Edition

Astrology helps reinvent oneself

22 January 2023 | Bharat Bhushan Padmadeo | Agenda

Winter Care: Tips to Stay Healthy

22 January 2023 | Dr. RP Parasher | Agenda

BUDGET FOR YOUR HEALTH

22 January 2023 | HEALTH PIONEER | Agenda

Finally, Justice for CAPF

22 January 2023 | Rakesh K Singh | Agenda

Himalayan environment at tipping point

22 January 2023 | Prashant Barthwal | Agenda

Agri entrepreneurship can be game changer

22 January 2023 | Dinesh Tyagi | Agenda