The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding.
Bangalore (Karnataka) [India], March 10 (ANI/NewsVoir): Kinara Capital, a fast-growing fintech driving financial inclusion of small business entrepreneurs, marks 4th year anniversary of its HerVikas program by allocating an additional Rs 400 crores disbursement in FY24 in discounted business
A SBI Research report said India's FY24 GDP growth is likely to be higher than the threshold 6 per cent. The report, titled Ecowrap, added though some reports indicated that there may not be a one-to-one correspondence between El Nino and Indian droughts, the recent fears seem misplaced.
New Delhi [India], February 10 (ANI/NewsVoir): Clix Capital Services Pvt. Ltd. ('Clix Capital') - one of India's leading non-banking financial services companies, under new leadership has made huge strides in turning around its business this year. Challenged by COVID and the associated lockd
Among the lists of recommendations, the industry body has highlighted the creation of demand or consumption, ease of doing business, reduction in cost of doing business, deployment of the latest infrastructure, strengthening the MSMEs, and supporting the tourism sector, among others.
The industry body said it was more than hopeful and positive that the governments would act upon the request of the Indian medical device industry for a separate department of medical devices. This key strategic need has also been recommended by the Parliamentary Committee on Health, it said
The Indian media and entertainment sector may log revenue growth of 12-14 per cent on a yearly basis to about Rs 1.6 lakh crore during the financial year 2023-24 (April-March), against the expected 16 per cent growth in the current financial year ending March 2023.
SMEV has said the government had shown its commitment to promoting and prioritising electric mobility with its initiatives, such as the FAME scheme, which emphasizes demand creation.
The Airports Authority of India's prediction for all-India passenger throughput growth in the next three years for fiscal 2023-24 (FY24), FY25 and FY26 stand at 371 million passengers, 412 million passengers and 453 million passengers, respectively, said the statement of the Union minister r
Bengaluru (Karnataka) [India], November 28 (ANI/BusinessWire India): Simplilearn, the world's leading online bootcamp for digital skilling training, announced that it has acquired a U.S.-based bootcamp education company, Fullstack Academy, for an all-cash transaction. This will be the compan
A recovery in medium and heavy commercial vehicle (MHCV) from multi-year lows, along with sustained growth in light CV (LCV) categories, will help overall CV volume reach close to one million units by the financial year 2023-2024 (FY24) - the level of the last cyclical peak recorded in the f
Mumbai (Maharashtra) [India], March 22 (ANI/PNN): Pioneer Embroideries Ltd (PEL), one of India's leading manufacturers and exporter of value-added speciality polyester filament yarn (SPFY) and embroidery and laces, can cross turnover of Rs 414 crores by FY 24 from Rs 226 crores in FY22, acco