Securities and Exchange Board of India (Sebi) mandates credit rating agencies (CRAs) to maintain additional net worth for rating instruments under other financial sector regulators. This move follows industry representations to allow rating of unlisted securities and other financial products,…
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The Reserve Bank of India has clarified new rules for non-banking finance companies. Certain NBFCs with assets under Rs 1000 crore and no customer interaction can seek exemption from registration. However, these firms remain subject to other RBI regulations. Loans…
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In a major trade agreement with the United States, India is set to abolish its digital services tax, a significant step that could enhance investments in its burgeoning digital industry. The deal also paves the way for reduced tariffs on…
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January witnessed a striking 17.6% increase in vehicle registrations, surpassing the 2.72 million mark. The spike can be attributed to recent post-GST price adjustments, robust income growth in rural areas, and escalating needs for mobility and freight options. Significant sales…
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India’s economy is showing strong recovery signs. Auto sales and daily consumer goods demand are rising. This revival is seen across urban and rural areas. New fuel efficiency norms for vehicles are also on the horizon. Discussions are ongoing regarding…
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Consumer goods makers anticipate a sales turnaround from December. GST rate cuts are now reflected in new product packs. This is expected to boost sales volume growth in both rural and urban areas. Companies are optimistic about renewed momentum. This…
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