LINE OF CREDIT
In ramp-up, 75% roads on China border ready
The proposed 11 roads, known as India-China Border Roads, will be located along the Line of Actual Control in Ladakh, Uttarakhand and Arunachal Pradesh. The BRO also plans to complete about nine more such roads by March 2021. It has set a target to complete 61 of the 73 ICBRs in three years. The balance 12 roads are with the Central Public Works Department.
Flipkart’s ex-CTO allies with entrepreneur Raj Vattikuti to start credit firm
The duo has seeded the venture, DAVINTA, with Rs 140 crore of p...
Global investors ready with $3 billion kitty to enter India’s credit market
Many global investors are looking for the first time to deploy $3...
Rising inequality eroding trust in capitalism: Survey
Rising income inequality is undermining confidence in capitalism around the world, according to a survey conducted by public relations firm Edelman ahead of the gathering of the elites in the Swiss ski resort of Davos.
Urea may come under NBS before direct cash transfer
Fixing NBS rate for urea will encourage balanced use of urea and bring in efficiency in the fertiliser industry by infusing competition. The DCT is aimed at replacing the existing direct benefit transfer (DBT) system where farmers buy urea at subsidised price, which is almost one-third of the total cost.
Infosys may outpace TCS in top line growth in FY20
For Infy & HCL Tech, the faster growing verticals contributed more to the revenue than BFSI.
Kalpataru Power successfully commissions Alipurduar - Siliguri line
Kalpataru Power Transmission Ltd said its wholly owned subsidiary Alipurduar Transmission Ltd (ATL), has successfully connected Alipurduar-Siliguri Line with the interconnection facilities of the grid. In March 2019, Alipurduar Transmission Ltd had commissioned the Kishanganj - Darbhanga line.
Nabard projects Bengal's credit potential at Rs 1,91,289 crore
"The resource is limited. The assessment helps us creating a roadmap on how best the resource can be allocated keeping special focus on less developed districts," Nabard's chief general manager in Kolkata Subrata mandal told ET. Nabard has unveiled the state focus paper for 2020-21 on Friday.
HDFC Bank to upgrade credit card systems
The instant card generation will initially be available only for existing customers but is likely to be extended to non-customers later. The new system will allow the users to file disputes by clicking photographs of charge slips and uploading them.
Oyo may cut more jobs to shore up its bottom line
Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
Sundaram Finance to sell entire 10% stake in Equifax Credit lnformation
Both the companies have executed an agreement to this effect.
Telecom sector demands tax rationalisation, line of credit
The telecom players sought the government’s support to lessen the regulatory levies including the reduction of Universal Service Obligation Fund (USOF) charge to 3%, and reduction of license fee from 3% to 1%, as a part of their pre-budget 2020-21 demand.
Unsecured consumer loans grow most, credit card dues at Rs 1L crore
Unsecured loans are growing even as secured retail advances such as auto loans, loans against property (LAP) and home loans saw moderate rates of balance growth at 10.3%, 11.6% and 10.0%, respectively, according to TransUnion CIBIL’s Q2FY20 Industry Insights Report.
Outcome is on expected lines: Syed Akbaruddin after China isolated at UNSC over Kashmir
India's permanent representative at the United Nations, Syed Akbaruddin spoke on China holding an informal closed-door consultation on Kashm...
Seeing start of credit appetite, especially in the flow to NBFCs: Romesh Sobti
"The net slippages have come at 42 basis points compared to 46 basis points last year."
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