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NBFCs to report around 14% on-year growth in AUM in FY23: India Ratings

Mumbai: Non-banking finance companies, including housing finance companies, are expected to report around 14 per cent year-on-year growth in assets under management in current financial year, India Ratings said in a report. “GNPA could rise…

Indian workforce to get average salary hike of 10.4% in 2023

New Delhi: Despite global macroeconomic conditions and rising inflation, salaries in India are likely to increase by 10.4 per cent on average in 2023, compared to an actual increase of 10.6 per cent to date in…

Delhi HC hauls up Axis Bank for breach of undertaking in Pune-Satara toll road case

New Delhi: Delhi High Court has restrained Axis Bank from substituting PS Toll Road Pvt Ltd (PSTR) as the concessionaire of the Pune-Satara Toll Road Project. Delhi HC has found Axis Bank in breach of its…

New in town – Noche launches in One golden Mile, chanakyapuri

Noche, the latest addition to One Golden Mile’s experiential hub, brings a futuristic update into the mesmerizing world of color and art, both visual and tasteful. A venture of First Fiddle Restaurants by Priyank Sukhija,…

Agnikul to launch Agnibaan rocket before 2022

Chennai, Sep 24 (IANS) Private sector rocket maker Agnikul Cosmos is pushing itself hard to have its first test launch before the end of 2022, said a top official. “We are planning to test launch our…

BYJU’s clears Rs 2,000 cr dues to VC firm Blackstone in $1 bn Aakash deal

New Delhi: Edtech major BYJU’s has finally paid the remaining dues of nearly Rs 1,983 crore (over $245 million) to global VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services. People close…

RBI expended about $80bn or 15% of reserves moderating rupee fall

New Delhi: The Reserve Bank of India (RBI) now has little option but to let the rupee slide gently – the rupee is down 9.6 per cent YTD even as DXY has appreciated nearly 20…

Rupee slips first time below 81-mark against US dollar

Mumbai,: The Indian rupee fell below 81-mark against the US dollar during the early morning trade for the first time against the US dollar. This was because of uncertainty created after the uptick in dollar index,…

Rupee hit new all-time low as dollar index rises 20-year high

Mumbai: The Indian rupee has depreciated to the record low since the morning trade after the dollar index surged to 20-year high and 75 basis points rate hike by the US Fed, and hint at more…

Banks gross NPA to improve to 4% by next fiscal: CRISIL

Mumbai: The gross non-performing assets (NPA) of the banks is expected to improved 90 basis points on-year to 5 per cent this fiscal year and another 100 basis points to a decadal low of 4 per…

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