Muthoot Microfin raises Rs 562 crore via securitisation

With this, the total amount raised through securitisation by the IPO-bound Muthoot Microfin has crossed Rs 1,300 crore during the first nine months of the fiscal. Read more »

UAE and Saudi Arabia to invest in making India hub for food security: Suresh Prabhu

The countries plan to invest in both organic and food processing industries in India. Read more »

Petrol, diesel see sharp price rise on Sunday

State-run oil marketing companies increased petrol rates by 49-60 paise per litre on Sunday, while diesel prices were raised by 59-75 paise across the four major metros. Read more »

NCLT admits insolvency plea against Parsvnath Landmark Developers, appoints Resolution Professional

The tribunal appointed Yash Jeet Basrar as an interim resolution professional (RP) to run the corporate insolvency resolution process of Parsvnath Landmark Developers. Read more »

FIS India revenue crosses $100 million

A bulk 70 percent of the revenue accrue from the payments front, while the rest come from the legacy core banking systems for retail banks. Read more »

RBI cautions government over NPA spike in MUDRA loans

RBI warned FinMin that the scheme might become the next big source of NPAs, the bane of Indian banking. Read more »

‘Microwave spectrum allocated to Jio, MTS as per norms’

The national auditor neither mentioned the name of the company to which the microwave spectrum was allocated nor the loss estimates. Read more »

Set up separate dept for logistics to improve transport sector: PM’s advisory panel

The prime minister has set an ambitious target to realise a quantum jump in Doing Business and LPI ranks within the next 2-3 years. Read more »

India invites Chinese participation in its plans to expand Electric Vehicles

China EV100, a private electric vehicle association of over 200 leading Chinese electric mobility industries, is organising the 5th China EV100 Forum in Beijing. Read more »

Future Group eyes online sales of Rs 1,000-cr this fiscal

Future Group, which had closed its online furniture store business FabFurnish, is preparing for a major push in the e-commerce space with Brand Factory. Read more »