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Breaking Briefs

RBI dy. governor red flags deleterious impact of runaway loan growth

On the topic of containing risks from pro-cyclical credit growth, the deputy governor said runaway credit growth coupled with lax credit discipline, or underwriting standards, can usher in disaster for the financial entity concerned and if it spread in the financial ecosystem, it could lead to systemic concerns.
Rural markets finally consuming FMCG items faster than urban markets

The situation was completely different before the pandemic struck. Rural demand was rising twice as fast as the urban areas. But it decelerated in cities last year until the October-December quarter, when it was recorded at 5.8%. Demand in the urban areas, in contrast, expanded at 6.8%.
UPI ends FY24 on a high with 13K transactions, Rs 199 lakh cr value

Transactions worth ₹19.78 lakh crore were processed during March 2024, higher than the previous peak of ₹18.41 lakh crore in January 2024
SUVs power PV sales past 4.2m mark in 2023-24

The overall passenger vehicle dispatches from manufacturers to dealers last fiscal rose to 42.3 lakh units, an increase of 9 per cent, as compared with 38.9 lakh units in FY2022-23
Mumbai registers 14,411 properties in March, govt earns Rs 1,143 cr revenue

Homebuyer confidence in Mumbai remains strong while the outlook remains positive leading to a substantial upswing in property sale registrations
Afcons file papers for Rs 7,000-cr fund raise

The company will raise Rs 1,250 crore through fresh issue of shares and promoters will offload Rs 5,750 cr worth of shares
Ambani, Adani join hands for power project

Ambani company will use the plant's 500 MW of electricity for captive use
Toyota, Honda, Kia to hike car prices from this date!

Innova, Fortuner, Glanza, etc to become further costlier from April 1, 2024
Hyderabad records highest property price growth in India in Q1: Anarock

Bengaluru property price rose 25 per cent YoY in Q1 despite water crisis-led exodus
NHAI toll hike: Delhi-Mumbai Expressway toll hike coming soon!

NHAI toll hike: The NHAI is going to increase toll on various national highways and expressways in the country from April 1, 2024.

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