Economy

Microfinance and unsecured SME loan pools reported the highest delinquencies last year The rising Covid-19 cases in April 2021 has again raised concerns on the asset quality of the retail loans of non-banking financial companies (NBFCs) and housing finance companies...

The FANG+ companies have a total market cap of US$7.7 trillion Mumbai's Mirae Asset Investment Managers India, one of the fastest growing fund houses in the country in the equities and debt segments, has launched India’s first FANG+ based products,...

Opportunity for BRICS businesses seek international recognition BRICS Business Council India Chapter has launched the BRICS Solutions for SDGs Awards 2021, a new initiative to foster greater exchange and collaboration amongst member countries of the body. India holds the chairship...

Most infrastructure sub-sectors remained resilient from debt servicing Given the Covid-induced disruption, trajectory of total infrastructure credit (banks and NBFC-IFCs) slowed further in 9M FY2021, following the moderation in growth seen in FY2020, according to ICRA Ltd. Overall, while infrastructure...

Entrepreneurs urged to share knowledge, experience and ideas The Department for Promotion of Industry and Internal Trade (DPIIT) had constituted the National Startup Advisory Council (NSAC) to advise the Government on measures needed to build a strong ecosystem for nurturing...

Pressure on MFI industry's asset quality to continue The overall long-term growth outlook for domestic microfinance industry, including microfinance institutions (MFI)s and micro finance focused small finance banks (SFB)s, remains robust, even though the near-term outlook is clouded given the...

Uncertainty for businesses caused by 2nd wave of COVID-19, says Sood The ASSOCHAM has approached the Finance Ministry with a plea to re-impose moratorium on taking debt-ridden companies to National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code (IBC)...

Saraf aims for $350bn export for FY2020-21 India's March exports showed a whopping double-digit growth of almost 60.50% clocking US$34.45 billion compared to March 2020, showing not only impressive signs of further revival for the sector but for overall economy...

Amb. Srivastava highlights Croatian maritime economy There is an opportunity for India to utilise Croatia as a gateway to Europe over the next two-three years, Ambassador Raj Kumar Srivastava has told a business forum held 14 April 2021 by FICCI....

"DGFT Trade Facilitation App" launched Progress in technology has helped strengthen Indian firms in the competitive global markets, said Commerce & Industry Minister Piyush Goyal at the launch of "DGFT Trade Facilitation App" for providing quick access to information to...