India’s economy projected to contract in FY21
Covid-19 battered India’s economy is projected to contract by 4.5 per cent this fiscal, said the International Monetary Fund. Continue Reading
india economy
India’s economy to contract by 3.2% in 2020-21: World Bank
The World Bank has said India’s economy will shrink by 3.2 per cent in the current fiscal. Continue Reading
SBI cuts MCLR by up to 15 bps across tenors
The country’s largest lender State Bank of India (SBI) today said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenors, effective 10 March. Continue Reading
Reliance Home Finance defaults on loan repayment
The Anil Ambani-controlled Reliance Capital group firm Reliance Home Finance has defaulted on loan repayment of Rs 40.08 crore in February, it said in a regulatory filing. Continue Reading
RBL assures amidst Yes Bank crisis
In the aftermath of Yes Bank crisis, Private sector lender RBL Bank today said it is ‘well capitalised’ and there is no adverse change in its asset quality. The statement comes in the wake of the Yes Bank crisis, following which stock prices of various banks went sharply down. Continue Reading
Barclays: Corona prevention may dent economic growth
Amidst rising coronavirus cases in India, British brokerage Barclays today warned that preventive measures like mass quarantines can dent the already sagging economic growth by as much as 2 percentage points. Continue Reading
PhonePe’s transaction bounces back after outage
Digital payment platform, PhonePe, said its transaction has bounced back hard in the last 24 hours. The platform processed over Rs 4,000 crore worth of transactions in 24 hours and saw its largest ever volume of user traffic in a single day (with over 70 million app sessions). Continue Reading
EY’s study finds entertainment companies feel need to reinvent
Majority of the Indian media and entertainment companies are of the opinion that they must reinvent themselves to navigate the technological disruptions impacting the industry, says a report by EY. Continue Reading
Report finds performance of female staffs more at workplace in India
As more and more companies are striving to close gender parity gap, a report has showed that twice as many woman professionals excel in organisational development and coaching talent compared to men. Continue Reading
Pine Labs & Zest Money partner to offer instant credit
Merchant commerce platform, Pine Labs, announced a strategic partnership with consumer lending fintech, ZestMoney. Pine Labs and ZestMoney will provide in-store digital Equated Monthly Instalment (EMI) options to customers through Pine Labs’ Plutus and Plutus Smart point of sale (PoS) devices. Continue Reading