BUSINESS
14 NBFCs surrender licences to RBI
These NBFCs include Shivam Hire Purchase & Finvest, Sun Finlease (Gujarat), Chitrakoot Motor Finance and Alkan Fiscal Services among others. As many as 10 of these NBFCs have surrendered their licence due to exit from the non-banking financial institution (NBFI) business.
Inflation levels may remain elevated owing to domestic pressures, global uncertainties: Sitharaman
The ongoing Israel-Palestine conflict coupled with the Ukraine-Russia war are a double whammy for global economy. Domestic consumption and investment demand will continue to drive India's growth, Sitharaman said while speaking at the 108th Meeting of the Development Committee Plenary in Marrakech, Morocco.
RBI fines Paytm Payments Bank for breach of norms
The RBI said that a special scrutiny report and a comprehensive system audit report has revealed non-compliance with norms by Paytm Payments Bank on the following grounds: The bank failed to identify beneficial owner in respect of entities onboarded by it for providing payout services.
Domestic air passengers annual traffic volume surged to 29.10%: DGCA
This impressive growth represents an annual increase of 29.10 per cent and a noteworthy monthly growth rate of 18.26 per cent. According to data released by the Directorate General of Civil Aviation (DGCA), during September, a total of 246 passenger related complaints were received by the scheduled domestic airlines.
Inflation fell to 3-month low of 5% in Sep
Food inflation, which accounts for close to half of the overall consumer price index (CPI), slowed to 6.56 per cent in September from 9.94 per cent in August. There was a sharp correction in the prices of vegetables, such as tomatoes and onions.
Nifty ends lower as IT sector comes under pressure
The Small-cap index rose 0.6 per cent even as the advance decline ratio fell to 1.38:1.
India's industrial output surged to 14-month high of 10.3% in Aug
While the high growth is showing up in comparison to a very low base of minus 0.7 per cent in August 2022, when the country's industrial production had actually contracted, it still reflects a welcome turnaround.
The Evolution of Indian Railways: From Steam Engines to Bullet Trains
The history of the Indian Railways is a story of innovation, transformation, and modernization, from the era of steam engines to the advent of bullet trains.
China agrees on long delayed restructure of $4.2bn debt to SL
The agreement with the largest single creditor is to help clear one of the biggest barriers the debt-stricken island nation had been facing with regard to engaging in the ongoing IMF bailout process.
Groww surpasses Zerodha in active investor count
Figures compiled by NSE show that Groww has 6.63 million active investors compared to Zerodha’s 6.48 million at the end of September this year.
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