NBFC business has to hit the reset button after RBI strengthens norms

“We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources,” says Vimal......

Services sector pushes India's Q1 GDP growth to four-quarter high of 7.8%

India recorded GDP growth of 7.8 per cent during the April-June period of 2023-24, the highest in the past four quarters, on the back of double-digit expansion in the services sector, retaining its......

Share of L&T's slow-moving projects in order book at multi-year low

The share of slow-moving orders in the overall order book of Larsen & Toubro (L&T) is at a multi-year low. Photograph: Shailesh Andrade/Reuters This has led to a renewed focus on fast-moving......

Retail inflation dips to over 2-year low of 4.25% in May

Retail inflation declined to a 25-month low of 4.25 per cent in May mainly on account of softening prices of food and fuel items, with experts saying that RBI is expected to hold interest rates......