Banking & Finance

In order to facilitate the export of specialised chemicals falling under the 'Dual Use' category, the Directorate General of Foreign Trade (DGFT) is actively considering a policy of issuing general and bulk licenses, drawing upon the templates used by several...

Digitization of the procurement portal has eased up the mode of business for the Small and Medium Enterprises (SMEs) and the Public Sector Enterprises (PSEs) resulting in savings about 1% of the Gross Domestic Product (GDP).

India is waiting with bated breath for the first listings on its home-grown Real Estate Investment Trusts (REITs). In fact, the first listing will happen within a couple months writes Shobhit Agarwal, MD & CEO - ANAROCK Capital.

To support communities and families affected by monsoon flooding in Kerala, The Western Union Company (NYSE: WU) and the Western Union Foundation have coordinated response involving the company’s employees, its agents and global non-governmental organizations (NGOs) to provide humanitarian relief...

Indian banks have been mandated to provide a fixed percentage of their lending to the Micro, Small and Medium Enterprises (MSMEs), said Reserve Bank of India’s (RBI) Deputy Governor N S Vishwanathan.

The strong US dollar is expected to further weigh on the Indian Rupee, which hit a low past 70 to the greenback in recent foreign exchange movements (mid-Aug 2018), according to Singapore’s DBS Bank Group.

With floods playing havoc in Kerala, the state, known as ‘God’s Own Country’ would have suffered massive economic losses, the estimates of which could well be Rs 15,000-20,000 crore with a staggered impact of a few months, mostly on tourism,...

Banks show Rs.10.3 lakh crore of NPAs     The Reserve bank of India (RBI) has started scrutiny of 200 large accounts to assess level of stress and provisioning done against these borrowers by respective banks. The move is to...

Credit rating not impacted, says S&P   Most of its rated Indian corporates can withstand the recent sharp depreciation in the Indian rupee because the share of US-dollar linked earnings largely balance the share of dollar-denominated debt. Stating this, S&P...

Kalkitech, a global leader in solutions that simplify field data collection, protocol translation, and IT-OT transformation for utilities, has announced that Redes Energéticas Nacionais, S.A. (REN) has installed an automated file collection solution for its transmission network. It is used...