Business and Finance

Hit by slowdown, Hero MotoCorp to close manufacturing units for 4 days

It also said that the sluggish market environment in the first quarter has continued in the beginning of the second quarter as well and its impact is visible in the dispatch volumes.

PM Modi says India’s economic fundamentals strong, economy grew despite low inflation

Addressing the nation on the 73rd Independence Day, he said that the Government in India is stable and that policy regime is predictable.

SBI gets approval to list its credit card subsidiary on stock exchanges

SBI Card is the second largest credit card issuer in India and has a customer base of over 7.5 million.

Indian Overseas Bank to allow MSMEs to get upto Rs 5 crore under 59-minute loan scheme

The 59-minute loan concept was launched last year so that the public sector banks can take on some of the digital lending platforms who are quick to evaluate loan applications.

ICICI Bank revises interest rates on fixed deposits: Full details

ICICI Bank has FDs that have tenures starting from 7 days and extending to one year and up to 10 years.

EPFO plans for early redemption of DHFL bonds worth Rs 700 crore

Those in control at EPFO however claim that the officials at DHFL have assured them that the funds will be paid back.

Coffee Day to sell Global Village Tech Park to Blackstone for Rs 3,000 crore

Coffee Day says that this will significantly help in deleveraging the group and ensure smooth operations while safeguarding the interests of all stakeholders.

52% banks report fall in bad loans in January-June: FICCI-IBA survey

Amongst the public sector banks (PSBs), about 55 per cent of lenders have cited reduction in NPA levels.

Tata Motors’ Jamshedpur unit to suspend operations for third time in Aug amid slowdown

Tata Motors earlier went for a day closure on August 1 and a three-day closure from August 8-10 and will now go for a 4-day closure from August 16.

Government issues guidelines for Rs 1 trillion partial guarantee scheme for NBFCs

Under this public-sector banks can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs).