Indian cities need $2.4 trillion by 2050 for climate resilience and low-carbon development. Municipal corporations face significant revenue and capital access limitations currently. Urban infrastructure investments of $840 billion are projected over the next fifteen years. Cities must become investment-ready…
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Public sector firms want the RBI’s forex swap facility extended by three months. This facility helps government companies hedge dollar costs for external borrowing.
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The Indian rupee’s recent recovery may falter due to volatile crude oil prices. Lingering Federal Reserve rate concerns also temper the positive momentum for the currency. The Reserve Bank of India’s intervention is expected to continue supporting the rupee. Oil…
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Indian benchmark equity indices opened sharply higher on Wednesday, tracking positive global cues as investors reacted to easing crude oil prices, firm Asian markets, and the implementation of new U.S. tariff measures that were largely in line with market expectations.
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Fake GST registrations using forged PAN and Aadhaar fall sharply, but experts flag a shift towards more sophisticated fraud networks generating larger fraudulent credits.
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Canara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to ₹12-13,000 crore. This move will impact the capital adequacy ratio by sixty basis points. Canara Bank plans an ₹8,000 crore capital…
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