BUSINESS
Sensex up more than 500 points as crude prices correct
The decline in the dollar and US bond yields are mild and therefore, not adequate for a reversal of FII selling, which continues to be very high. But the sharp correction in Brent crude to $86 is a big positive, he said.
India becomes 4th-highest funded fintech startup ecosystem globally
Overall, the country is the third largest startup ecosystem globally with nearly 1 lakh startups, behind the US and China.
Soaring crude prices may trigger global meltdown like 2008, warns Hardeep Puri
"With the amount of inflation in the global economy, where interest rate hikes are not able to mop up the excess liquidity, you will have a situation where oil prices will repeat the 2008 scenario," Puri said on Bloomberg TV.
RBI sets ball rolling for new bad loans provisioning method
The RBI released a discussion paper in January suggesting banks switch to the ECL method, in which lenders assess the probability of default upfront and provision accordingly, rather than after a default as is the current norm.
CBI lodges FIR against private firm, others for causing Rs 63.71 cr loss to IDBI Bank
According to a senior CBI official, the agency has registered a case on the basis of a complaint filed by the IDBI Bank Ltd., NPA Management Group, Mumbai, against a private company, private persons and unknown others accusing them of causing a loss of Rs 63.71 crore (approx) to IDBI Bank.
Exploring the Potential of Crypto Trading: Key Factors to Consider
This article will explore the latest market trends analysis in crypto trading, reveal different trading strategies and guide on choosing the perfect cryptocurrency exchange. So, get ready to take your trading game to the next level.
Finance minister emphasises on corporate good governance among company secretaries
Addressing the 55th Foundation Day of the Institute of Company Secretaries of India (ICSI) in the national Capital, Sitharaman said that company secretaries can bring in corporate good governance to ensure greater professionalism in their sphere and erase the memories of not so good corporate governance of earlier times (indirectly referring to the UPA regime).
Govt tweaks bankruptcy code to ease recovery of leased planes
“The provisions of sub-section (1) of section 14 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), would not be applicable to transactions, arrangements or agreements, under the Convention and the Protocol, relating to aircraft, aircraft engines, airframes and helicopters,” the notification, dated Oct 4, states.
GST panel refuses to cut tax rate on batteries for EVs
According to sources, the reason for not reducing the levy is that apart from electric vehicles, lithium-ion batteries are also used in multiple other products including mobile phones and portable electronic goods.
Gadkari tests Sky Bus in Sharjah before its India debut
“Visited the Pilot Certification and Experience Center of uSky Technology and took a test ride of the Sky Bus to experience the safety and evacuation demo in Sharjah, UAE, during my en route to India from Prague. USky Technology has developed Sky Bus solutions, and iSky Mobility has tied up with uSky to bring these mobility services to India,” the minister wrote on X.
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