Among NBFCs, Muthoot Capital Services Ltd. stands out with an annual interest rate of 8.95 per cent for a three-year deposit. In a decisive monetary policy move last week, the Reserve Bank of India (RBI) reduced the repo rate, prompting several banks and non-banking financial institutions (NBFCs) to lower both lending and deposit rates. The
Some of the world’s leading airlines are investing to build a flight network to better connect India to the rest of the world. IndiGo, Delta Air Lines, Air France-KLM and Virgin Atlantic this week announced a partnership that aims to link the domestic and international travel markets within and outside of India. IndiGo is a
Urging India to pave the way for other developing countries on the Investment Facilitation for Development (IFD) agreement, World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala has said that India needs to support the China-led initiative, which is already backed by 90 out of 126 developing nations. Iweala added that WTO members should also listen
Punjab Finance Secretary Krishan Kumar has raised an alarm over revenues from two major resources, including Goods and Services Tax (GST) and excise, dipping in April, and flagged it to the administrative secretaries of the departments concerned. Under its tax revenue, against the collection of Rs 4,534 crore collected last year over the same period,
Asian state-owned investors (SOIs) are projected to grow their assets under management by 34 per cent over the next five years, aided by growing economies, healthier fiscal balances and bigger contributions from the continent’s relatively young population, according to Sovereign Wealth Fund Institute. These sovereign investors, which include 146 central banks, sovereign wealth funds and
State Bank of India (SBI) customers faced disruptions today in internet and mobile banking services for the second time this month due to “technical issues”. The glitch affected users across the country, causing failures in mobile banking and fund transfers. Data from Downdetector showed a surge in reports of SBI mobile banking outages, peaking between
Private-equity investments in China could be on a stronger recovery path, bolstered by increased capital from the Middle East and adaptive strategies from US funds, according to Bain & Company. “A positive momentum for China could lead to a more positive outlook already in 2025 and 2026,” Sebastien Lamy, co-leader of the Asia-Pacific private-equity practice