Fintechs may shift to secure products after RBI order on consumer loans

Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured......

Govt on track to meet fiscal deficit target of 6.4% for FY23: World Bank

The central government is on track to meet its fiscal deficit target of 6.4 per cent of the GDP for 2022-23 on the back of strong growth in revenue collections, the World Bank said in its India......

Q2 GDP is pegged at 5.8%

Citing a weak manufacturing sector coupled with the steep margin compression, SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points......

Capex on new projects declines further in Q2

Expenditure on new projects slowed down for the second quarter in a row amid an uncertain global environment and higher borrowing costs. Illustration: Dominic Xavier/Rediff.com There were new......