Tuesday, Feb 07, 2023
Journalism of Courage
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Hitesh Vyas
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Bid to boost confidence, Adanis prepay USD 1.1 billion to free pledged shares
February 06, 2023 15:24 IST
The Adani group said the move is in continuation of the promoters’ assurance to prepay all share-backed financing.
Tue, Feb 07, 2023
RBI seeks details from banks on exposure to Adani firms
February 02, 2023 11:26 IST
This comes amid the sustained fall in the shares of group companies and in the wake of last night’s withdrawal of the follow-on public offer of Rs 20,000 crore.
Fri, Feb 03, 2023
Union Budget 2023: Insurance loses tax-saving lustre, its stocks rapidly fadePremium Story
February 02, 2023 04:10 IST
While LIC shares fell 8.4 per cent, those of SBI life declined 9.3 per cent. ICICI Prudential Life and HDFC Life witnessed a sharp decline of 11 per cent and Bajaj Finserv dipped by 5.65 per cent.
Thu, Feb 02, 2023
Union Budget 2023: Tax sops for participatory notes to lure funds into Indian equity
February 02, 2023 02:36 IST
Currently, exemption only on transfer of ODIs, not on distribution of income to non-resident ODI holders.
Thu, Feb 02, 2023
Economy on right track; to grow at 7% in FY23: FM Nirmala Sitharaman
February 02, 2023 01:26 IST
As per the First Advance Estimates of National Income for 2022-23, India's real GDP and nominal GDP are projected to grow by 7 per cent (y-o-y) and 15.4 per cent (y-o-y), respectively. For 2023-24, the Union Budget has projected nominal GDP growth at 10.5 per cent.
Thu, Feb 02, 2023
Capex-led growth to bring back animal spirits, help manage debt levels: Economic Survey
February 01, 2023 04:14 IST
Central to the government’s growth optimism in FY24 is the expectation of a recovery in private capex, driven by improved balance sheets, resurging credit, and the crowding in from public capex.
Wed, Feb 01, 2023
Domestic demand, pickup in capital investment to aid growth in FY24, says Economic Survey
January 31, 2023 16:47 IST
The financial system stress experienced in the second decade of the millennium, evidenced by rising non-performing assets, low credit growth and declining growth rates of capital formation, is now behind us, the survey said.
Tue, Jan 31, 2023
Banks reviewing Adani exposure, SBI says no devolvement worryPremium Story
January 30, 2023 04:00 IST
According to a report by investment firm CLSA, the top-five Adani Group companies – Adani Enterprises, Adani Ports, Adani Power, Adani Green and Adani Transmission – have a consolidated debt of Rs 2.1 lakh crore.
Mon, Jan 30, 2023
Sovereign Green Bonds: What do they mean for investors, and the environment?
January 25, 2023 10:59 IST
The Reserve Bank of India will conduct the first-even Sovereign Green Bond auction today. We explain.
Thu, Jan 26, 2023
Bank Locker Agreements: Why did RBI extend the deadline?
January 24, 2023 12:20 IST
In a recent review, the RBI found that a large number of customers were unable to renew locker agreements and were having difficulties in executing the same.
Tue, Jan 24, 2023
Interview with MD & CEO, Union Bank of India: ‘Stress in the retail sector high, but slippages not much’Premium Story
January 23, 2023 05:45 IST
"If you look at my entire stressed assets, almost 15 per cent is coming from the retail sector but slippages are only to the extent of Rs 351 crore in Q3 FY23. Besides retail, we are seeing a little stress in the MSME sector," says A. Manimekhalai.
Mon, Jan 23, 2023
Adani Rs 20,000 crore FPO opens today: Should investors go for it?
January 19, 2023 17:25 IST
The Rs 20,000 crore follow-on public offer (FPO) is the largest in the country. It opens for subscription on January 27 and closes on January 31.
Fri, Jan 27, 2023
Loan loss provision by banks: Why has RBI proposed a new forward-looking approach?
January 17, 2023 14:36 IST
The RBI's proposal is based on the premise that the present “incurred loss”-based approach for provision by banks is inadequate, and there is a need to shift to the “expected credit loss” regime in order to avoid any systemic issues.
Tue, Jan 17, 2023
Migrant fruit-seller near RBI headquarters in Mumbai now part of e-Rupee pilotPremium Story
January 11, 2023 04:00 IST
The 45-year-old is part of the nationwide pilot project on using Central Bank Digital Currency (CBDC) or e-rupee -- an initiative of the RBI itself.
Sun, Jan 22, 2023
Why did foreign exchange reserves fall $70 bn in 2022?
January 08, 2023 11:53 IST
For almost all economies, whether developed, emerging or developing, holding prudent reserves, in conjunction with sound policies and fundamentals, can bring significant benefits.
Mon, Jan 09, 2023
Green Bonds out Jan 25: What they are, what they mean for investors, environmentPremium Story
January 07, 2023 18:45 IST
The RBI will issue Sovereign Green Bonds worth Rs 16,000 crore, in two tranches of Rs 8,000 crore each, in the current financial year. Here is what you need to know about them.
Mon, Jan 09, 2023
RBI was ‘never in the loop’ about demonetisation
January 03, 2023 04:40 IST
The RBI board had cleared the introduction of Rs 2,000 notes six months before demonetisation in May 2016 but didn’t discuss withdrawal of 500 and 1000 notes in July and August board meetings in 2016.
Tue, Jan 03, 2023
Why the Indian rupee fell 10% against the US dollar in 2022Premium Story
January 02, 2023 08:06 IST
According to forex analysts, although the outlook on the rupee remains weak in the near future, the depreciation in local currency may not continue for a longer period as India remains the fastest-growing economy.
Tue, Jan 03, 2023
SIP outflows: Investors redeem over Rs 22,000 crore in 3 monthsPremium Story
December 25, 2022 03:58 IST
While the monthly SIP inflows have been touching record highs in the last three months, the pace of redemption has also accelerated, if unpublished data compiled by the Association of Mutual Funds in India (AMFI) —but available with mutual funds—is any indication.
Sun, Dec 25, 2022
Buybacks: Why Sebi is phasing out the stock exchange route and how it impacts shareholdersPremium Story
December 22, 2022 14:27 IST
Under the stock exchange route, a company can buy back shares only on the stock exchanges having nationwide trading terminals.
Fri, Dec 23, 2022
Apr-Oct: Export financing falls 28% as global demand slows
December 19, 2022 04:30 IST
According to the recent RBI data, export credit has fallen from Rs 23,330 crore as on March 25, 2022 to Rs 16,909 crore as on October 21, 2022.
Mon, Dec 19, 2022
G20 Sherpa Amitabh Kant: Will adopt action oriented, decisive, forward-looking approachPremium Story
December 14, 2022 05:30 IST
In an interview on the side-lines of the G20 conference in Mumbai, India’s G20 Sherpa AMITABH KANT told HITESH VYAS and GEORGE MATHEW that over the next one-year, the country will bring the major challenges to the centre-stage and will adopt a progressive and forward-looking approach to resolve them.
Wed, Dec 14, 2022
Sanjiv Chadha: ‘Credit growth will moderate to sustainable levels in few months’Premium Story
December 12, 2022 05:05 IST
A lot of MSMEs have come out of the stress but there is a significant percentage which is struggling. Even the structure of the economy is also changing... there will be businesses that will not be viable as we go ahead, says Sanjiv Chadha.
Mon, Dec 12, 2022
Paytm share buyback: Why, and how the shareholders can benefit
December 09, 2022 12:47 IST
One of the reasons for a company to go for buyback of shares is when it feels that its stock is undervalued or fallen too much.
Fri, Dec 09, 2022
Inflation war far from over: RBI hikes rate, lowers growth
December 08, 2022 04:02 IST
With this, the RBI has increased the repo rate by a cumulative 225 bps since May this year. The MPC hiked the repo rate by 40 bps in May and then by 50 bps in each of the three successive meetings. A basis point is one hundredth of a percentage point.
Thu, Dec 08, 2022