At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added. Flagging the need to enhance the health of finances, Reserve Bank of India governor Shaktikanta Das on Thursday asked state governments to focus on fiscal consolidation and improve quality of expenditure. … Read more
Category: Business and Finance
Softer commodity prices to lift road units’ margins: CRISIL SME Tracker
Liquidity conditions are also expected to improve, as measures under the Atmanirbhar Bharat scheme have been extended until March 2024, and payments by state authorities also become more punctual. Small and medium enterprises (SMEs) in the roads sector are expected to see revenue growth of 5-10 per cent in 2023-24 … Read more
Jaguar Land Rover wholesales rise 30% in Q1 as chip shortage eases
Retail sales up 29% YoY to 101,994 units; Tata Motors shares hit all-time high. British luxury car maker Jaguar Land Rover (JLR), a wholly owned subsidiary of Mumbai-headquartered automobile giant Tata Motors, posted a 30 per cent year-on-year (YoY) jump in wholesale volumes and 29 per cent growth in retail … Read more
Centre may set mandates for industrial use of green hydrogen: Official.
India has set a goal of producing 5 million metric tonnes of green hydrogen annually by 2030, with about 70% of that marked for export markets, he said. India may set mandates for industries such as fertilisers and refineries to use green hydrogen, after consultations, the country’s renewable energy secretary … Read more
Bank of England considers clampdown on foreign bank branches- FT
The move could reduce the thresholds requiring foreign banks with corporate business in the country to set up subsidiaries, the financial times. The Bank of England is looking at plans to force more international banks to set up subsidiaries in the UK, The Financial Times reported on Tuesday. The BOE … Read more
Invicto Launch: Maruti Suzuki launches its most expensive car in India starting at Rs 24.79 lakh
Maruti Suzuki Invicto launched in India in three variants and the prices go all the way to Rs 28.42 lakh (ex-showroom).Maruti Suzuki launches the Invicto MPV at Rs 24.79 lakhs which is its most expensive offering in India till date. The new Invicto MPV is essentially a cross-badged variant of … Read more
Petrol, diesel updated price chart on July 5: Check current rates in major cities here
Some cities and states saw some minor corrections in rates of petrol and diesel. Petrol and diesel got cheaper in Rajasthan and Chhattisgarh, Bihar, Himachal, Madhya Pradesh and Uttar Pradesh. The prices were in Maharashtra and Jharkhand. Petrol, diesel prices on July 5: Petrol and diesel prices largely remained unchanged … Read more
Bandhan Bank CFO Sunil Samdani to step down on September 30
Sunil Samdani’s last working day as the CFO would be September 30, 2023. Bandhan Bank on Tuesday informed that its CFO Sunil Samdani has resigned to ‘explore professional opportunities’ outside the bank. His last working day as the CFO would be September 30, 2023. “The Bank is in the process … Read more
Harley Davidson X440 is going to elevate Hero Motocorp’s premiumisation strategy: Pawan Munjal
The two iconic two-wheeler brands launch first co-developed product as part of licensing agreement.The much-awaited American motorcycle brand Harley-Davidson launched the X440 on Monday evening at Hero MotoCorp’s Global Centre of Innovation and Technology in Jaipur at its most affordable price point of Rs 2.29 lakh. Hero MotoCorp, the world’s … Read more