New Delhi: Commercial banks are currently cautious in lending to small microfinance institutions (MFIs). Due to this, MFIs have to borrow from non-banking financial institutions at higher interest rates. Recently, RBI deputy governor M Rajeswara Rao slammed micro lenders for “irregularly” increasing their margins and said that in the new …
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Indian pharma market grew by 8.8 percent in June
New Delhi: The Indian pharmaceuticals market grew 8.8 per cent in June. According to market research firm Pharmarec, prices of all major treatments have seen positive growth during this period. Key treatments in the medical sector such as respiratory (19.2 per cent) and anti-infectives (17.2 per cent) saw double-digit price …
Read More »Even as LIC reduced its stake in the stock market, the value of its remaining stake increased
New Delhi: State-owned insurer Life Insurance Corporation of India (LIC) has taken full advantage of the bullish market by reducing its stake in all the top group companies in FY24. According to stock market data, despite the reduction in stake, the value of its remaining stake has increased significantly. According …
Read More »Government keeps PLI window open for ACs, LED lights for 90 days
Ahmedabad: The government on Monday is going to once again open the application window for 90 days from July 15 under the production-linked incentive scheme for household electronic products (white goods) such as air conditioners and LED lights. The commerce and industry ministry said in a statement that the application …
Read More »India-UK free trade agreement talks expected to resume this month
Mumbai: With a new government coming to power in Britain, talks on a free trade agreement with India are likely to resume this month, government sources said. The talks between the two countries before the general elections in Britain and India were almost in the final stages and some issues …
Read More »Tremendous rise in Indian stock market, Sensex crosses 80 thousand
On the second day of the week i.e. Tuesday (09 July), the Indian stock market opened with a bullish trend. The Sensex again opened above 80,000. Nifty also opened above 24350. The BSE Sensex opened 183 points higher at 80,144. The NSE Nifty opened at 24,365 with a gain of …
Read More »There is a possibility of amendment in the rule of making payment to MSMEs within 45 days
The government may amend the payment rules for small businesses. Because, there have been many complaints in the country that the current government scheme in the matter of payment may be well-intentioned, but it puts pressure on small companies for payment. Therefore, small businesses have to go through a lot …
Read More »After two days of drought, the stock market is up today, midcap and smallcap stocks are up
Stock Market Today: The Indian stock market bounced back today after the consolidated average contraction in the last two days. The Sensex rose 253 points in the morning session. At the same time, the Nifty is also moving towards correction. The market has seen a rise due to increased buying …
Read More »Solution to overfilling problem on NSE excites speculators on IPO issue
The National Stock Exchange's (NSE) decision to impose a 90 per cent cap on the issue price in a special pre-open session for initial public offerings (IPOs) of small and medium enterprises (SMEs) comes at a time when there are concerns about oversubscription and excessive money pouring into the segment. …
Read More »Rules for filing income tax returns have changed, now businessmen can correct their mistakes
2 mins ago Business Changes in ITR filing rules: ITR filing is going on. Till now, if any mistake is made in filing ITR, then the Income Tax Department used to mark your small mistakes and send a notice. In such a situation, …
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