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Centre to introduce DFI Bill in Lok Sabha next week
The National Bank for Financing Infrastructure and Development will be set up with a corpus of Rs 20,000 crore and the government will give an initial grant of Rs 5,000 crore
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P-notes investment climbs to 33-month high at Rs 91,658 crore in February
Of the total Rs 91,658 crore invested through the route till February, Rs 84,195 crore was invested in equities, Rs 6,833 crore in debt, and Rs 630 crore in hybrid securities
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Insurance companies with foreign investments must retain percentage of profit as general reserve: Nirmala Sitharman
Finance Minister Nirmala Sitharaman said while control will go to foreign companies, the majority of directors on the board and key management persons will be resident Indians
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Remote working to push demand for cyber insurance: IRDAI’s Suresh Mathur
In the long term, the transition to virtual workspaces resulting from COVID 19 may increase the demand for cyber insurance, IRDAI Executive Director Suresh Mathur said
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Nazara Technologies IPO subscribed 10.55 times on second day of subscription
The Rs 583 crore Nazara Technologies IPO received bids for 3,08,13,731 shares against 29,20,997 shares on offer
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Over Rs 2.46 lakh crore sanctioned under Emergency Credit Line Guarantee scheme: Centre
MSME Minister Nitin Gadkari said that under the Credit Guarantee Scheme for Subordinate Debt (CGSSD), 343 number guarantees have been issued amounting to Rs 40.56 crore as on March 10
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India’s economy projected to record stronger recovery in 2021: UNCTAD
India is estimated to contract by 6.9% in 2020 and then forecast to record a 5% GDP growth in 2021
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Suryoday Small Finance Bank IPO fully subscribed
The Rs 582-crore Suryoday Small Finance Bank IPO received bids for 1,36,77,272 shares against 1,35,15,150 shares on offer
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FDI worth Rs 26,000 cr received in insurance sector since further opening in 2015: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said insurance companies are facing liquidity pressure and that is why the government was proposing to increase the FDI limit further
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Steps taken by Centre yielding results; economy on ‘V-shaped’ recovery: Anurag Thakur
The growth in the current year is estimated to contract by 8% on account of the Covid-19 pandemic
