The non-food bank credit growth slowed to 5.9 per cent in May 2021, as compared to 6.1 per cent in the year-ago month, suggested RBI data. Credit to agriculture and allied activities continued to perform well, registering an accelerated growth...

On Thursday, India celebrates the fourth anniversary of the Goods and Services Tax (GST). The central government has named July 1 as 'GST Day,' which is marked every year to commemorate the implementation of the historic tax reform. The...

India’s current account balance (CAB) recorded a deficit of 8.1 billion US dollars (1.0 per cent of GDP) in the fourth quarter ended March 2021, as against a surplus of $0.6 billion (0.1 per cent of GDP) in Q4 of 2019-20 and a deficit of...

The Centre has kept the small savings rate unchanged for the July-September quarter to offer the common man relief from lower savings earnings amid the pandemic. With interest rates falling all across financial instruments, the government was...

The global supply chain industry is a booming market segment was reported to have an estimated value of 15.85 billion US dollars in the year 2019 and the industry is said to grow at 11.2 percent from 2020 to 2027 and reach an estimated market...

Global retail major Walmart on Tuesday announced the launch of Vriddhi Cares, in order to extend COVID-19 support to MSME employees and their family members in the country. Under this, the company will help micro, small and medium...

Securities and Exchange Board of India (Sebi), in its board meeting approved amendments to rules on Infrastructure Investment Trust (InvITs) and REITs. To ensure fund managers allocate investors’ money with prudence, Sebi...

Bharti Global, a subsidiary of the Bharti Group, said in a statement on Tuesday that it will spend more than Rs 3700 crore in OneWeb, in addition to the investments it has already made in the low-earth orbit satellite communications company....

Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Reliance Industries (RIL) to set up “a new world-scale” chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC) production facility at the TA’ZIZ in...

Finance Minister Nirmala Sitharaman announced a series of steps aimed at pushing credit off-take in priority areas like health infrastructure and the severely hit tourism sector by providing interest-rate concessions as part of a first set of...