In April, the year-on-year growth of banks’ non-food credit slowed to 19.1%, reaching Rs 164.76 trillion, a slight decrease from the 20.2% growth observed the previous month, according to the RBI’s latest credit deployment data. When not considering the HDFC merger, the credit uptake increased by 15.3%. Credit provided by banks to agriculture and related […]
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Vedanta Group, a mining giant, is setting its sights on achieving $6 billion in earnings before tax for the upcoming fiscal year, with plans to increase this figure to between $7 and $7.5 billion the year after, thanks to improved operations across its various sectors. Ajay Goel, the Chief Financial Officer of Vedanta Limited, stated […]
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The cash deposit limit in savings accounts refers to the maximum amount of cash that an individual can deposit within a specified period without attracting the attention of tax authorities. This limit is set by income tax regulations to monitor and regulate the flow of cash transactions, curbing the potential for money laundering, tax evasion, […]
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Audi has introduced the Q7 Bold Edition in India, with a price tag of Rs 97.84 lakh (ex-showroom). Following the recent launch of the Q3 Bold Edition, the limited run Q7 variant is now available in four additional exterior colors: Glacier White, Mythos Black, Navarra Blue, and Samurai Grey. The Audi Q7 Bold Edition features […]
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A credit card is a system in which every month, the purchases you make within a certain time frame are added up and then you are billed. To make everything run smoothly, you need to pay that bill before a specific date called the due date. This keeps your credit in good standing and helps […]
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Mr. Chandrakant Salunkhe, Founder & President, SME Chamber of India & Federation of Indian SME Associations had met Dr. Vivek Joshi, Secretary and Dr. Bhushan Kumar Sinha, Joint Secretary of Department of Financial Services, Ministry of Finance, Government of India to present suggestions and Grievances pertaining to SME sector and presented Activity Report of the […]
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According to estimates a whopping Rs 10.7 lakh crores – is locked up in delayed payments from buyers to suppliers in the Indian economy – an estimated 7.8 per cent of the GDP, with 80 per cent of this estimated amount owed to micro and small enterprises, totalling Rs 8.55 lakh crore. The government and […]
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Over 1500+ customers covering 3500+ pin codes across 49 cities in India through 16 Air and Ground Hubs Gurugram, 28 May 2024 – MOVIN, a logistics brand launched as a joint venture between UPS and InterGlobe Enterprises, marks its two-year anniversary of facilitating movement of goods for businesses in India. Over the past two years, […]
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Jana Small Finance Bank, one of India’s leading small finance bank, announced the launch of two new premium account offerings, Exclusive and Legend, designed to cater to the evolving needs of its diverse customer base. Exclusive, a premium banking program, is tailored to meet the Banking and lifestyle needs of affluent customers. Exclusive Program redefines […]
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Wholesale inflation rose to a 13-month high of 1.26% in April compared with 0.53% in the previous month, as food inflation went up further and fuel and power prices increased on a year-on-year basis after a gap of 11 months. The year-on-year WPI (Wholesale Price Index) inflation hardened to a 13-month high of 1.3% in […]
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