While speaking at the SBI Conclave, the RBI Governor in his keynote address said that 'building buffers and raising capital' will be very crucial not only to ensure credit flow but also to build resilience in the financial system

The slippages for five private sector banks - HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank - would be around 5 per cent for FY21, if refinancing remains a challenge

JSW's credit profile will deteriorate due to challenges brought by the coronavirus pandemic,\" says Kaustubh Chaubal, a Moody's Vice President and Senior Credit Officer

Uday Kotak said that government and industry should learn from capital market investors and not worry too much about the current fiscal year's slowdown and instead plan and work towards a medium-term growth strategy

PM Modi had in February this year envisaged raising around Rs 2.1 lakh crore by selling state assets in an attempt to contain the budget deficit at 3.5 per cent of the GDP

There is lots of monetary space as interest rates here are still significantly positive unlike western Europe, where there is zero to negative rates, he said at the India Global Week 2020

Multiple global studies show air pollution increases death rates from COVID-19 and other respiratory diseases, while destruction of forests and wildlife habitats unleashes more such diseases from animals to humans

Prime Minister Narendra Modi on Thursday said that Indian economy has started seeing \"green shoots\" of recovery and that the countrymen have the spirit to achieve what is believed to be impossible. At a time when the world is fighting with the COVID-19 pandemic, it is natural to talk about economic revival and link global recovery with India, PM Modi said, adding that there is faith that the story of global revival will have India playing a leading role. He was speaking at the inauguration of the India Global Week, being hosted virtually due to the pandemic. Watch the video for more.Also Read: PM Modi at Global Week 2020: 'India seeing green shoots of recovery'

The biggest beneficiaries of the scheme are the MSME entrepreneurs and lending institutions like banks and NBFCs. The government through the National Credit Guarantee Company is taking the biggest credit risk. MSME guarantee scheme is being managed by the Mumbai headquartered National Credit Guarantee Company, which is set up under the Companies Act, 1956. Guarantee company currently handles guarantee for skill development loans, education loans, funds for factoring and loans to micro units. and credit for stand up India initiative. Anand Adhikari, Executive Editor, Business Today, explains why its necessary to build capacity to manage this scheme and how it can be done. Watch the video.Also Read: Flipkart invests Rs 260 crore to acquire minority stake in Arvind Fashions' arm

Stock Market LIVE Updates on July 9: Tata Steel, IndusInd Bank, Bajaj Finance, ICICI Bank, M&M, SBI and Axis Bank were among the top gainers today. On the other hand, Maruti, Reliance Industries, TCS and Titan were among the laggards

The global economy is likely to contract by 5.2 per cent in 2020 with the coronanvirus still spreading and the economic prospects of countries across the world looking muted

The draft EIA (Environmental Impact Assessment) of 2020 being pushed through by the central government seeks to undermine checks and balances on pollution of air, water, and soil and depletion of forests that impose heavy costs on the economy by spreading illness, deaths and loss of livelihoods of millions of people

Telecom companies are building digital revenue streams to jump into the global fray

Start-ups are consolidating freight operations via digital maketplaces and using tech for better warehouse management

Around 75 per cent of data resides outside India. Push for localisation requires data to be stored within the country

Sequoia believes India and SEA will be the hub for big technology companies of the next decade

Reliance Industries Limited (RIL) on Monday became the first Indian company to cross Rs 12 lakh crore market capitalisation; India's first coronavirus vaccine candidate Covaxin will be tested on more than 1,100 people in two phases, the first one scheduled to begin next week; India's gross domestic product (GDP) growth is expected to contract 6 per cent in the financial year 2020-21 amid rising coronavirus cases, a brokerage said. Watch this and more news on News Blast.BT News Podcast: India's GDP may contract 6% in FY21, says Citi

The company has received commitments for a $525 million venture fund and $825 million growth fund, Sequoia India Managing Director Shailendra Singh said in a LinkedIn post on July 6

RIL becomes first Indian firm to cross Rs 12 lakh crore market capReliance Industries Limited (RIL) on Monday became the first Indian company to cross Rs 12 lakh crore market capitalisation. The aggregate market capitalisation of billionaire Mukesh Ambani-led RIL, thus, stands at Rs 12.16 lakh crore, or $163.1 billion, on account of surge in share value after the company bagged 12th foreign investment for its digital arm Jio Platforms on Friday.Coronavirus impact: India's GDP may contract 6...

Due to the implementation of new FDI rule in April, any country that shares a land border with India can no longer avail of the automatic route in the FDI, but must seek government clearance over any investment proposal