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The impact of the Reserve Bank of India’s (RBI) clarification (November 12, 2021) on the recognition and upgradation of the non-performing advances (NPAs) for non-banking financial companies (NBFCs) and housing finance companies (HFCs) was visible in Q3 FY2022; NPAs as per the tightened Income Recognition, Asset Classification and Provisioning (IRAC) norms were higher by about 150 bps for NBFCs and 70 bps for HFCs.

Baker’s Alley: Enabling Investors and Entrepreneurs Bake Hefty Profits

Dapagliflozin also lowers the risk of heart failure in adults with type 2 diabetes with heart disease.

GOLIL manufactures and markets a complete range of lubricants used in automotive, industrial and marine applications.

Business Wire India Ant Group has been named a Top 100 Global Innovator™ 2022. The annual list from Clarivate™, a global leader in providing trusted information and insights to accelerate the pace of innovation, identifies organizations at the pinnacle of the global innovation landscape by measuring excellence focused on exceptional consistency and scale in innovativeness.   This press release features multimedia. View the full release […]

The Australian share market finished session higher on Wednesday, 23 February 2022, as investors chased for bargain hunting after sanctions by the Western nations against Moscow, with shares in mining and healthcare stocks being notable gainers. At closing bell, the benchmark S&P/ASX200 advanced 44.41 points, or 0.62%, to 7,205.69. The broader All Ordinaries index gained by 51.70 points, or 0.7%, to 7,473.87. The top performing […]

The extension in the timeline provided by RBI would allow entities a smoother adoption of the tightened norm, if they look to align their reporting. NBFCs carry adequate provisions in the form of overlays, HFCs however have a lower buffer.

TVS Motor Company announced that its two-wheeler exports clocked 1 million units (including sales from TVS Motor Company and PT TVS Indonesia) in FY 2021-22.

Eurozone inflation rose to a record 5.1 percent in January from 5.0 percent in December, final data from Eurostat showed on Wednesday. Meanwhile, core inflation that excludes energy, food, alcohol and tobacco, slowed to 2.3 percent, as initially estimated, from 2.6 percent. On a monthly basis, overall consumer prices gained 0.3 percent in January, while core consumer prices dropped 0.9 percent. Among components, energy prices […]

The Investment and Borrowing Committee of the board of Ugro Capital is scheduled to meet on Monday, 28 February 2022 to consider and approve raising of funds by way of issuance of non-convertible debentures (NCDs) through public issue.