Securitisation volumes in January-March surged to around Rs 40,000 crore, the highest in all the quarters of the 2020-21 fiscal, says a report. Despite this rise, securitisation volumes closed below the psychological Rs 1 lakh crore mark in 2020-21

According to industry sources, the Finance Ministry has started consultations with the industrialists and industry officials to understand the impact of second wave on businesses

In February last year, the Reserve Bank had permitted one-time restructuring of existing MSME advances, classified as 'standard' without downgrade in the asset classification subject to certain additional provisioning and other compliances

The company said that the debt restructuring was necessitated due to the disruptions caused by COVID-19 which led to cash flow not being able to bear the debt burden

We are already facing problems because of the negative impact on our income. We have taken loans to buy our vehicles and banks are demanding its repayment, due to which we are under stress, the Jay Sangharsh Vahan Chalak Sanghatna said

Icra Ratings in a report said with revival in demand for housing credit in the industry in the last two quarters, most of the HFCs have already reached near pre-Covid level disbursements

The second wave could dent the sluggish recovery in consumer and corporate confidence, and further, suppress banks' prospects for new business, the global credit rating agency said on Friday

This initiative reflects the growing recognition that the economic turmoil of the COVID-19 pandemic has exacerbated budget constraints and debt challenges that hamper the ability of some countries to transition to clean energy

Voltas expect this demand to be high in the coming few months as well, owing to an increased need for automation of household chores due to the continued work-from-home culture

Maharashtra Health Minister Rajesh Tope, while hinting at the possibility of new COVID-19 strains in the state, said, \"New strains are suspected because we are seeing other behaviours in COVID-19 patients than routine behaviours\"

The company said the growth is largely on the back of stronger than expected demand for its volume models like the C and E class sedans and GLC, GLE and GLS SUVs. Mercedes has lined up a pipeline of 15 launches this year

Shares of HDFC, Maruti Suzuki, SBI Cards, Panacea Biotec, Marico, Adani Ports, HDFC Bank, YES Bank, Bank of India, will be in focus on Tuesday's trade

The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year. Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21

Distribution companies (discoms) owed a total of Rs 87,888 crore to power generation firms in February 2020, according to portal PRAA (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators)

RBI should take cognisance of the situation and work together with sector representatives and government to eliminate the flaws and make the microfinance industry more vibrant

Private equity and overseas companies are taking over domestic healthcare chains, creating a new pecking order

Fifteen years in the making, only 650 km of the dedicated freight corridor has opened. Meeting the 3,381-km target by June 2022 appears a distant dream

ECLGS 3.0, which will cover the newly added service sectors, will involve extension of credit of up to 40 per cent of total credit outstanding across all lending institutions as on February 29, 2020.

The Brazilian government signed a contract last month to buy 20 million doses of Covaxin

The legislation would allow recreational marijuana sales to adults over the age of 21, and set up a licensing process for the delivery of cannabis products to customers. Individual New Yorkers could grow up to three mature and three immature plants for personal consumption