CRISIL Market Intelligence & Analytics (MI&A) expects two policy rate cuts by the six-member Monetary Policy Committee (MPC) this fiscal year starting October 2024. The MI&A team, comprising economists and fixed income analysts, said the MPC aims to see a […]
Even though force majeure clauses often absolve parties from liability during force majeure events, the government bears the entire cost of disaster response and recovery. The Coalition for Disaster Resilient Infrastructure (CDRI) suggested that the private sector should also share
The Indian Meteorological Department (IMD) has issued an orange alert for Mumbai, indicating heavy to very heavy rainfall on Friday and Saturday. The weather department said there is a monsoon trough and a cyclonic circulation has also developed over Mumbai,
Mahabaleshwar MS, former managing director and chief executive officer of Karnataka Bank Limited, has been appointed independent director of Tourism Finance Corporation of India (TFCI) Limited. TFCI informed the stock exchanges that Mahabaleshwar has been appointed as an independent director
The Indian renewable energy sector has added 4.4 GW of new capacity during the first quarter of this financial year. Solar power remains the mainstay of renewable new capacity addition and added about 3.7 GW during the first quarter of
Amid sustained bank and non-bank financial institutions (NBFI) credit growth, tight system liquidity in India is likely to lead to more offshore bond issuance by NBFIs in the near to medium term, according to a Fitch Ratings report. It said
UK development finance institution and influential investor British International Investment (BII) believes India has a “very powerful” role to play in food security in many emerging markets, BII managing director and head of technology and telecom Abhinav Sinha has said.
Private sector bank Federal Bank has entered into a bancassurance agreement with private life insurance company Bajaj Allianz Life Insurance. This partnership will enable Federal Bank customers to seamlessly access Bajaj Allianz Life Insurance products across the Bank’s wide network
Prime Minister Narendra Modi is meeting eminent economists to seek their views and suggestions for the upcoming budget, a senior government official said. Union Finance Minister Nirmala Sitharaman is going to present the budget for 2024-25 in the Lok Sabha
The Appointments Committee of the Cabinet (ACC) has approved the appointment of eight executive directors in Public Sector General Insurance Companies (PGICs). Rashmi Bajpai, currently General Manager (GM) at Oriental Insurance Company Limited (OICL), has been appointed as Executive Director
