Hinduja Group, which acquired Reliance Capital, has submitted an application to the National Company Law Tribunal (NCLT) for more time to make final payments to lenders. The group cited delays in obtaining approval from the Department for Promotion of Industry…
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The 0.8% year-on-year increase in the Nifty-500 profit-to-GDP ratio was fuelled by a 0.3% rise from the BFSI sector, another 0.3% from Oil & Gas, and a 0.2% increase from the automobile sector.
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Loan growth is expected to moderate over the next year as banks seek to align their loan growth in line with deposits, as deposits are not growing as fast as loans. Loan growth will reduce to 12% -14%, from 16%…
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Society of Indian Automobile Manufacturers (Siam) has requested a reduction in GST rates on two-wheelers in India. They proposed different slabs for different types of two-wheelers to lower the rates. Siam also wants the removal of the 3% cess on…
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In the order, Sebi WTM Ashwani Bhatia said, “While issuing the directions, I have considered that the present matter has not brought out any detail pointing to manipulation of the market or its abuse.”
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India’s retail inflation dropped to a 12-month low of 4.75 percent in May 2024, staying within the RBI’s 2-6 percent target since September 2023, with food prices remaining a concern.
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