User: iihs_blore Topic: iihs_feeds_v3
Category: All-Channels :: Urban Economic Growth and Development
3 new since Sep 19 2019 17:33 IST RSS 2.0
 
1 to 20 of 202,231    
INX Media case: P Chidambaram's judicial custody extended till October 3 19.9.2019 The Asian Age | Home
CBI is probing alleged irregularities in the grant of FIPB clearance to INX Media for receiving foreign funds.
Also found in: [+]
Realtors' rising cash-crunch poses more risks to banks: report 19.9.2019
Mumbai: Default by real estate-focused non-banking financier Altico Capital indicates the rising cash crunch with the developers, which is credit negative for banks given their exposure to the realty sector, warns a report. Poor liquidity had last week forced Altico Capital to default on an under-Rs 20-crore scheduled interest payment on an ECB loan from Masherq Bank of the UAE. Banks' exposure to Altico, which owes over Rs 4,500 crore to the credit market, is fairly modest and accounts for less than 0.1 percent of total banking system loans. Altico's default comes after Dewan Housing Finance, with significant exposure to real estate developers, defaulted on its loan obligations from June because of insufficient liquidity, raising questions about its solvency. "Altico default signals increasingly tight liquidity among property developers, which is credit negative for banks given their significant exposure to the real estate sector," global rating agency Moody's said in a report ...
Also found in: [+]
Sensex tanks 470 points; Yes Bank plunges 15 per cent 19.9.2019
Mumbai: Market benchmark BSE Sensex plunged 470 points on Thursday, dragged by a heavy sell-off in banking and energy stocks amid incessant foreign fund outflows. After gyrating 626 points, the 30-share Sensex ended 470.41 points, or 1.29 per cent, lower at 36,093.47. The index hit an intra-day low of 35,987.80 and a high of 36,613.93. Similarly, the broader NSE Nifty plunged 135.85 points, or 1.25 per cent, to settle at 10,704.80. Shares of Yes Bank tanked over 15.52 per cent after a Moody's report said Altico default may be credit negative for banks given their significant exposure to the real estate sector. Among the banks Moody's rates, Yes Bank and IndusInd Bank have the largest direct exposure to commercial real estate and will be susceptible to asset quality difficulties if the sector continues to slow, the agency said. ICICI Bank and Axis Bank are also significantly exposed to the sector, with commercial real estate loans making up over 5 per cent of their overall loans. IndusInd Bank, ...
Also found in: [+]
Apples rot in Kashmir orchards, as lockdown puts economy in tailspin 19.9.2019 The Asian Age | Home
Apples are the lifeblood of Kashmir's economy, involving 3.5 million people, around half the population of the state.
Also found in: [+]
'Working on it': FM Nirmala Sitharaman's retorts to questions from industry 19.9.2019 The Asian Age | Home
Sitharaman justified her presence at the event to ban e-cigarettes that gave rise to speculation about steps to support growth.
Also found in: [+]
Apples rot in Kashmir orchards, as lockdown puts economy in tailspin 19.9.2019
Sopore: It"s harvest time, but the market in the northern Kashmiri town of Sopore - usually packed with people, trucks and produce at this time of year - is empty, while in orchards across India"s Jammu and Kashmir state unpicked apples rot on the branch. In one of the world"s largest apple growing regions, a weeks-old lockdown imposed after Prime Minister Narendra Modi dramatically abolished the state"s special constitutional status has cut transport links with buyers in India and abroad, fruit growers and traders say, plunging the industry into turmoil. Modi sold the move as a way to spur growth by integrating the state with the rest of India. But, for now, the unrest that has come in the wake of his government"s action has upended the economy, further fuelling resentment in the Muslim-majority territory where an armed revolt against India rule has ebbed and flowed over 30 years. At dawn late last week the market in Sopore, a town known locally as "Little ...
Also found in: [+]
Hero Cycles market share up despite economic slowdown: Company official 19.9.2019
Bengaluru: The economic slowdown may have affected various sectors, especially the automobile sector, but Hero Cycles is gaining more market share even during the slump, Director of Firefox Cycles Limited and Hexi Aditya Munjal has said. "We have seen growth across different segments. So we are seeing people taking on cycles across the different segments. We haven't felt the heat of the economy," he told PTI at the launch of the high-end Lectro E-Cycle here on Wednesday. Admitting there were challenges due to the slump in economy, Munjal said Hero Cycles has only grown in this difficult time. "Yes, obviously, there are challenges. The overall market is growing at a very slow pace. It is just that Hero Cycles is taking more share of this market," he added. Hero Cycles has been the market leader across all segments as nearly 20 million bicycles are sold across the country every year, he said. Now, the company aims to capture the e-cycle market as well, Munjal, director of Firefox ...
Also found in: [+]
PF interest not credited? Know when you will get it 19.9.2019
Mumbai: Over 6 crore Employee Provident Fund Organisation ( EPFO) members will get 8.65 per cent interest on their deposits for 2018-19, said Labour Minister Santosh Gangwar on Tuesday ahead of the festival season. The apex decision-making body of the Employees' Provident Fund Organisation (EPFO), Central Board of Trustees (CBT) had approved 8.65 per cent interest rate for the last fiscal in February this year. At present, the EPFO is settling Provident Fund (PF) withdrawal claims at 8.55 per cent interest rate, which was approved for 2017-18. How interest rate is credited to Provident Fund account? The sum kept in PF account gains compound interest. The amount is credited into the subscribers account on a basis of the month to month running balance as per the rate announced by the EPFO every year. On an average, over 1 lakh account holders close or withdrew their EPF account each month, because of this lakhs of investors had to close their PF account at a lower interest rate. The government not yet ...
Also found in: [+]
Sensex drops over 200 points; ICICI Bank, TCS top laggards 19.9.2019 The Asian Age | Home
Top losers in the Sensex pack in early trade included Yes Bank, ICICI Bank, IndusInd Bank.
Also found in: [+]
Day 45: Some semblance of normalcy in Kashmir 19.9.2019 The Assam Tribune
Day 45: Some semblance of normalcy in Kashmir
Also found in: [+]
Sitharaman to hold review meeting with public sector banks today 19.9.2019
New Delhi: Finance Minister Nirmala Sitharaman will hold a review meeting with public sector banks (PSBs) on Thursday to discuss various issues, including follow up on transmission of monetary policy rates. The government is set to ask PSBs to expeditiously introduce repo-rate linked products "to step up affordable credit", according to an agenda item of the meeting. The Reserve Bank of India (RBI) had earlier this month made it mandatory for banks to link all their fresh retail loans to an external benchmark - effective October 1 - and the central bank's repo rate being one such benchmark. Following the move, banks such as Punjab National Bank and Allahabad Bank announced linking their retail loans with the RBI's repo rate. The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility. Some PSBs offer doorstep banking for citizens over 70 years of age and differently-abled customers. Additionally, the ministry will discuss how banks can help customers in ...
Also found in: [+]
Technology is the way for companies who want to sustain in competitive market 19.9.2019
In the present situation when the world is talking about an economic slowdown, a report by KPMG in India showed us a different side of the coin. The report emphasized the key facets of six themes that are expected to propel India"s growth story. These sectors are important to fulfill PM Modi"s ambitious dream of achieving a USD 5 trillion economy for India by the end of 2025, these sectors include infrastructure, manufacturing, MSMEs and the start-up ecosystem, business-friendly policies, social uplift and taxation – across agriculture, healthcare, energy, financial services, tourism, and education. Despite the global uncertainties, the firm remains optimistic for the medium to long-term outlook for India, mainly driven by political stability, investment in infrastructure and intent of the government for reform. Many old companies and new rising start-ups have adopted technology as their core component and are now trying to provide end-to-end solutions to their ...
Also found in: [+]
Sensex drops over 200 points; ICICI Bank, TCS top laggards 19.9.2019
Mumbai: Domestic equity benchmark BSE Sensex dropped over 200 points in early session on Thursday, dragged by losses in index heavyweights Yes Bank, TCS and Infosys, amid unabated foreign fund outflow and mixed global cues. The 30-share index was trading 206.33 points, or 0.56 per cent, lower at 36,357.55 at 0930 hours, while the broader Nifty slipped 64.65 points, or 0.60 per cent, to 10,776. In the previous session, the BSE barometer ended 82.79 points, or 0.23 per cent, higher at 36,563.88. Similarly, the broader NSE Nifty gained 23.05 points, or 0.21 per cent, to finish at 10,840.65. Top losers in the Sensex pack in early trade included Yes Bank, ICICI Bank, IndusInd Bank, Tata Steel, Tech Mahindra, NTPC, SBI, HCL Tech, TCS, L&T, Infosys and Axis Bank, shedding up to 4.21 per cent. On the other hand, Tata Motors, Maruti, Asian Paints, HDFC Bank, HUL and Bharti Airtel rose up to 1.40 per cent. According to traders, global investor sentiment turned cautious after the US Federal Reserve cut its ...
Also found in: [+]
Timothy Olyphant joins 'Fargo' 19.9.2019 PTI: All news
Timothy Olyphant joins 'Fargo'
Also found in: [+]
Gold drops by Rs 215 on strong rupee, tepid global cues 19.9.2019 PTI: All news
Gold drops by Rs 215 on strong rupee, tepid global cues
Also found in: [+]
China releases stockpiled pork to cool price surge 19.9.2019 PTI: All news
China releases stockpiled pork to cool price surge
Also found in: [+]
Sensex rises 83 pts; energy, metal stocks climb 19.9.2019 PTI: All news
Sensex rises 83 pts; energy, metal stocks climb
Also found in: [+]
UK's Corbyn suggests will stay neutral if new Brexit vote 19.9.2019 PTI: All news
UK's Corbyn suggests will stay neutral if new Brexit vote
Also found in: [+]
Rahul Gandhi takes dig at 'Howdy Modi' 19.9.2019 The Asian Age | Home
The Congress has upped the ante against the Narendra Modi government after the economy hit a six-year low growth rate.
Also found in: [+]
Why only e-cigs? Ban real ones too 19.9.2019
Bengaluru: Although the government has banned e-cigarettes, conventional cigarettes are still available everywhere harming the smoker"s health, environment and the people around, said activists. The ban will only increase the use of conventional cigarettes which are available and are still harmful, they said. Mr Madhav Chandravarkar, Public Policy Expert & Research Analyst, said, "If the union and state governments were so concerned about the health of citizens they would have banned or, at least, targeted conventional cigarettes as well." Prashantha Sarvanan, an ex-smoker and a fashion photographer, said, "I took a very long time to quit smoking. Millennials are getting addicted more such to habits and the government has taken a brave step."     Ms Anusha K., an architect, said, "E-cigarettes are meant to be less harmful. But I have seen some of my friends getting addicted to it. My friends use e-cigarettes more often than normal ones. With the ban, ...
Also found in: [+]
1 to 20 of 202,231