With increased risk weights and exposure reaching sectoral limits, bank direct lending to non-banking finance companies (NBFCs) in the country is expected to be Rs 1.7-1.9 trillion in the next financial year (FY25), according to rating agency ICRA. The incremental direct bank lending to NBFCs was Rs 1.61 trillion in the 10-month of… Continue reading Bank direct lending to NBFCs to moderate at Rs 1.7-1.9 trn in FY25: ICRA | Finance News
Tag: trn
Mcap of 5 of top-10 firms hit Rs 1.97 trn; TCS, Infosys biggest losers | News on Markets
In the ranking of the most valued firms, Reliance Industries retained the number one title followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, ITC and Hindustan Unilever | File image | (Photo: Wikipedia) The combined market valuation of five of the 10 most valued firms eroded by… Continue reading Mcap of 5 of top-10 firms hit Rs 1.97 trn; TCS, Infosys biggest losers | News on Markets
M-cap of 7 of top-10 valued firms erode by Rs 1 trn, SBI biggest laggard
The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,09,947.86 crore last week, with State Bank of India taking the biggest hit, in-tandem with weak trend in equities. Last week, the BSE benchmark fell by 438.95 points or 0.66 per cent. From the top-10 pack, Reliance… Continue reading M-cap of 7 of top-10 valued firms erode by Rs 1 trn, SBI biggest laggard
Telangana’s total liabilities stood at Rs 3.22 trn by 2021-22: CAG report
The CAG report further said the public debt and other liabilities showed an increase of Rs 43,593 crore (16 per cent) in 2021-22 over the previous year Telangana’s total liabilities including public debt stood at Rs 3,21,611 crore by the end of the last financial year even as the guarantees provided by the state… Continue reading Telangana’s total liabilities stood at Rs 3.22 trn by 2021-22: CAG report
Cabinet approves Rs 1.39 trn for connecting 640,000 villages with broadband
The Union Cabinet has approved a last-mile broadband connectivity plan for 6.4 lakh villages across the country under the BharatNet project with an outlay of Rs 1.39 lakh crore, according to sources. Around 1.94 lakh villages have been connected under the BharatNet project at present, and the balance is likely to be connected… Continue reading Cabinet approves Rs 1.39 trn for connecting 640,000 villages with broadband
Morgan Stanley reaches 70% of $1 trn of low carbon ESG funding goal
Morgan Stanley (Photo: Bloomberg) By Alastair Marsh Morgan Stanley said it’s more than two thirds of the way towards achieving its target to finance $1 trillion of low carbon and sustainability investments by the end of the decade. The Wall Street firm said in an ESG report this week that it… Continue reading Morgan Stanley reaches 70% of $1 trn of low carbon ESG funding goal
India to grow at 6.7% from FY24 to FY31, GDP to double to $6.7 trn: S&P
Expressing confidence in the medium-term growth potential of the Indian economy, S&P Global has projected an average annual growth of 6.7 per cent from the fiscal year 2023-24 (FY24) to FY31. The report points to capital accumulation as the main driver of this growth. In a report titled ‘Look Forward: India’s Moment,’ S&P… Continue reading India to grow at 6.7% from FY24 to FY31, GDP to double to $6.7 trn: S&P
Public sector coal companies to invest Rs 2.5 trn in new biz by 2030: Joshi
They will also increase their respective capacities as well, Joshi said speaking to the players of construction and equipment industry. Public sector coal companies have made an investment plan of Rs 2.5 lakh crore by 2030 towards “new business”, Union Minister Pralhad Joshi said on Tuesday. The investment will be utilised to increase… Continue reading Public sector coal companies to invest Rs 2.5 trn in new biz by 2030: Joshi
India’s GST collection in July stands at Rs 1.65 trn; records 11% growth
Goods and services tax (GST) revenue rose 11 per cent year-on-year in July to Rs 1.65 trillion, showed official data released on Tuesday. Monthly GST collection crossed the Rs 1.6-trillion mark for the fifth time, indicating vigorous economic activity and strict anti-evasion measures employed by both central and state governments. GST collection… Continue reading India’s GST collection in July stands at Rs 1.65 trn; records 11% growth
Aggregate deposits in Jan Dhan accounts crosses Rs 2 trn: Centre told LS
Aggregate deposits in 49.49 crore Jan Dhan accounts have crossed Rs 2 lakh crore, Parliament was informed on Monday. The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in August 2014 with the aim to provide universal banking services through opening of zero balance bank account for every unbanked household, based on the… Continue reading Aggregate deposits in Jan Dhan accounts crosses Rs 2 trn: Centre told LS