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NBFC PCA to bring parity between banks, non-banks: Ind-Ra
NBFC PCA to bring parity between banks, non-banks: Ind-Ra

New Delhi, The prompt corrective action (PCA) framework for non-banking financial companies (NBFCs) will bring a further parity in terms of the regulations between banks and non-banks, said India Ratings and Research (Ind-Ra).

Accordingly, the ratings agency cited that the trend will be supported on the back of in

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Foxconn Technology India workers stage protest
Foxconn Technology India workers stage protest

Chennai, Hundreds of workers of Foxconn Technology India Pvt Ltd staged a protest on a highway demanding to know the status of colleagues who were affected by food poisoning earlier this week.

About 14,000 men and women are employed in the Foxconn Technology unit that makes electronic components, iPhones for Apple

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Omicron concerns, FII outflows to pull Rupee lower; Likely RBI moves to stem volatility
Omicron concerns, FII outflows to pull Rupee lower; Likely RBI moves to stem volatility

Mumbai, Concerns over the new Omicron Covid-19 variant, as well as continued foreign fund outflows will keep Indian rupee subdued during the upcoming week, experts have opined.

Besides, high YoY trade deficit along with new US tapering measures will hamper any appreciation move.

However, the downsid

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Mega gems, jewellery CFC to come up at SEEPZ Mumbai
Mega gems, jewellery CFC to come up at SEEPZ Mumbai

Mumbai,  A mega 'Common Facility Centre' (CFC) for gems and jewellery will come up at SEEPZ special economic zone in Mumbai with an investment of Rs 70 crore.

Union Commerce Minister Piyush Goyal laid the foundation stone for a CFC at the Santacruz Electronic Export Processing Zone (SEEPZ) Specia

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Omicron, tightening global liquidity to squeeze Indian equities further
Omicron, tightening global liquidity to squeeze Indian equities further

Mumbai,  Tightening global liquidity as well as concerns over the spread of Omicron will dent Indian equities during the trade week ahead.

Lately, FIIs outflows have pulled the equities lower and depreciated the Indian rupee. So far, the foreign institutions have sold over $4 billion worth of equities in

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Centre's PLI scheme to benefit UP in big way
Centre's PLI scheme to benefit UP in big way

Lucknow, The Central government's recently approved Production Linked Incentive (PLI) scheme for the promotion of the semiconductor industry in the country, is all set to benefit Uttar Pradesh in a big way.

The PLI scheme is expected to lead to an investment of Rs 76,000 crore in semiconductor manufacturi

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Diesel, petrol prices steady on Sunday
Diesel, petrol prices steady on Sunday

New Delhi,  Oil marketing companies have yet again kept the prices of diesel and petrol unchanged across major Indian cities on Sunday.

Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.

In the financial capital Mumbai, the rate

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Foundations should be seen as Philanthropic arm of govt: Payal Kanodia, Trustee M3M Foundation
Foundations should be seen as Philanthropic arm of govt: Payal Kanodia, Trustee M3M Foundation

New Delhi, Dr Payal Kanodia is a Trustee in M3M Foundation, a philanthropic arm of M3M India - one of the leading real-estate companies in India.

The prime focus of the M3M Foundation has been on health, education, disaster management and socio-economic development to transform rural lifestyle. As one of the promo

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Essar to increase oil, gas exploration in Vietnam's Ken-Bau basin
Essar to increase oil, gas exploration in Vietnam's Ken-Bau basin

New Delhi,  As part of increasing business collaboration and strengthening ties with Vietnam, Essar Exploration and Production, the exploration arm of Essar Group, on Sunday said it is committed to fast-track the development process of the Ken-Bau basin in Vietnam.

Essar Exploration and Production is an

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Indian diagnostic business expected to grow 20-25% YoY in FY22: ICRA
Indian diagnostic business expected to grow 20-25% YoY in FY22: ICRA

New Delhi,  A rise in Covid-19 and allied tests due to the pandemic, and specifically during the second wave, is expected to raise the diagnostic sector's revenue growth by 20-25 per cent YoY in FY22, rating agency ICRA said in a report.

Operating margins of the sector are seen increasing by 300-400 basis

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