Commercial lending origination volumes declined by 4.3 per cent to 22.2 lakh loans in the COVID-affected FY22, a credit information company said on Wednesday. If one has to look at the originations by value, there was a 73 per cent jump to Rs 66.49 lakh crore, while the portfolio outstanding at the end of the [...]
State-owned HLL Lifecare Limited has paid a dividend of Rs 122.47 crore to the health ministry for financial year 2021-22, an official statement said. The cheque was presented to Union Minister of Health Mansukh Mandaviya by Beji George, Chairman and Managing Director, HLL at an event here on Wednesday. HLL had a record turnover of [...]
The Arunachal Pradesh cabinet has finalised an action plan to unlock the state’s hydropower potential to strengthen the country’s energy sector, an official statement said on Wednesday. During the first cabinet meeting of the year, chaired by Chief Minister Pema Khandu on Tuesday, the council of ministers decided that some important stalled projects, which were [...]
Indian real estate saw a surge in setting up of investment platforms in 2022 and an amount of USD 4.52 billion has been committed, which will be deployed over the next few years, according to JLL India. Foreign as well as domestic investors tie up with real estate developers to establish an investment platform for [...]
The consumption of composite materials in India is expected to witness a sharp uptick and touch 7.68 lakh tonne (LT) by 2027, led by demand from sectors like renewable energy, electric vehicles, defence, among others, according to a report. Composite materials or fibre-reinforced plastics help in circular economy as these are manufactured by combining multiple [...]
The government is expecting to get financial bids for IDBI Bank's strategic sale by September, DIPAM Secretary Tuhin Kanta Pandey said. Several global and domestic institutions have expressed interest in buying about 61 per cent of the government and Life Insurance Corporation's (LIC) stake in IDBI Bank and had put in preliminary bids, the last [...]
Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "bright spot" in the global economy and according to the World Bank, India is in a better position to deal with the global headwinds than many other countries. This is because of India’s strong "macroeconomic fundamentals", Modi said while virtually [...]
The National Company Law Appellate Tribunal on Wednesday declined to grant interim relief to Google seeking a stay on competition watchdog CCI's penalty of Rs 936.44 crore on the tech giant for abusing its dominant position with respect to Play Store policies. The appellate tribunal has directed Google to deposit 10 per cent of the [...]
Commerce and industry minister Piyush Goyal has sought investment from the US in sunrise sectors such as electric vehicles, semiconductors and battery technology, the commerce ministry said on Tuesday. The minister is in the US for a three-day visit till Jan 11. Goyal also held discussions with several CEOs of leading companies, including Michael Miebach [...]
Commerce and Industry Minister Piyush Goyal has said there are "limitless opportunities" for US investors and companies to grow in and with India across sectors and this is the "right time" for them to increase their engagement with the country. “India and US relations have been at an all-time high. In addition to strong bilateral [...]
