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L&T Fin sells loan portfolio for Rs 1120 crore under the conventional 15:85 structure. Warasgaon Power, Warasgaon Assets Maintenance, MEP Infrastructure, Supreme Panvel Indapur Tollways, SEW Infrastructure, Supertech Infrastructure, Brassco Engineering Ltd and EMTA Coal are among the 36 accounts sold to Phoenix ARC.

"The Board of Directors in its meeting dated 31st March, 2022, considered such issues and in the best interest of the company and all its stakeholders decided to approve contributions to political parties by way of subscription to the electoral bonds in one or more tranches aggregating not more than ₹40 crores for the financial year 2022-23," said the IFB release.

He’s a kind of crypto Robin Hood, beating the rich at their own game to win money for capitalism’s losers.

Auto manufacturers, which have announced their sales numbers for the month of March, will remain under focus.

The status of an RNOR lies in between that of a non-resident Indian who stays more than 181 days in the country and a regular resident Indian. Under the new law, a non-resident visiting India and spending more than 120 days (

With monthly interest repayments, gold loans are currently available at interest rates of 6.9% a year, for ticket sizes above ₹2 lakh and loan to value ratios of 70%. In bigger markets such as Kerala and Tamil Nadu, loans are available at 6.5% for ticket sizes above ₹ 1 lakh.

As per the annual compliance report the government needs to submit to the Supreme Court each year, DoT will also inform that because of the deferral in payment timelines, bank guarantees (BGs) would also be returned to the carriers, a senior government official told ET.

The convergence between the government, the regulator and lending institutions has helped address problems upfront rather than postponing them. Today, we do not need physical monitoring because we have data points like GST and tax returns.

This is positive for Indian refiners as almost 45% of their product slate is diesel. Diesel cracks have risen to $30 per barrel, up from $13-18 a year ago, while benchmark Singapore GRMs are at over $15 per barrel. Global diesel inventories are at a 10-year low and Chinese exports, a significant supply in Asia, were down 85% in the January-February period from a year earlier.

The government has mandated the central bank to keep the inflation at 4 per cent (+,- 2 per cent). After the February MPC meeting, the RBI had decided to hold its key lending rates steady at record low levels for the 10th straight meeting to support a durable recovery of the economy from the COVID-19 pandemic.