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Moratorium under IBC applicable to corporate debtor, not its promoters: SC

New Delhi, Sep 16 (SocialNews.XYZ) The Supreme Court on Thursday held the moratorium under provisions of the Insolvency and Bankruptcy Code (IBC), which restrains initiation of any fresh proceedings or discontinuance of existing ones, does…


SBI reduces home loan rate to 6.70%

Mumbai, Sep 16 (SocialNews.XYZ) Lending major State Bank of India on Thursday launched credit score-linked home loans at 6.70 per cent, irrespective of the amount. Prior to the festive offer, a borrower availing a loan…




India’s domestic air passenger traffic rises in August

New Delhi, Sep 16 (SocialNews.XYZ) Easing Covid travel restrictions along with pent-up demand and low base lifted India’s domestic air passenger traffic in August. According to the Directorate General of Civil Aviation (DGCA), the country’s…


PLI Push: Sensex crosses 59K-mark; Telecom stocks soar

Mumbai, Sep 16 (SocialNews.XYZ) India’s key stock indices rose to record high levels on Thursday, a day after the government announced support measures for some beleaguered sectors along with provisions for PLI schemes for others….





Telecom package could dent sector inflows by Rs 26K cr

New Delhi, Sep 16 (SocialNews.XYZ) Government’s telecom sector package could put pressure of country’s fiscal health in FY22 with expectation of wider slippages on the deficit. The government is targeting fiscal deficit of 6.8 per…


Inflation moderating from May’s shock spike: RBI Dy Guv

Mumbai, Sep 16 (SocialNews.XYZ) India’s inflation level is moderating from the shock spike of May, said RBI’s Deputy Governor Michael Debabrata Patra on Thursday. Speaking at CII’s Financial Markets Summit, he said: “Inflation is moderating…



PFC issues India’s first-ever Euro Green Bonds

New Delhi, Sep 16 (SocialNews.XYZ) Power sector financier Power Finance Corporation Ltd has issued its maiden Euro 300 million 7 year Euro Bond issuance on September 13. The pricing of 1.841 per cent achieved is…


PLI schemes buoy equities; telecom stocks’ rise

Mumbai, Sep 16 (SocialNews.XYZ) India’s key stock indices rose during afternoon trade session on Thursday a day after the government announced support measures for some beleaguered sectors along with provisions for PLI schemes for others….


Govt’s PLI scheme to boost EV two-wheeler manufacturing

New Delhi, Sep 16 (SocialNews.XYZ) Government’s productivity linked incentive (PLI) scheme for auto and auto component industry will benefit the electric vehicle (EV) segment immensely, especially the two-wheelers, which can see rapid adoption over the…





Govt seeks Rs 8-10 lakh crore valuation for LIC

New Delhi, Sep 16 (SocialNews.XYZ) India is seeking a valuation of between Rs 8 trillion ($109 billion) and Rs 10 trillion for the state-backed Life Insurance Corporation in what’s slated to be the nation’s biggest…



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