Search Results for: non-banking financial corporation

Foxconn's investments to help India become global manufacturing hub: Ashwini Vaishnaw

Foxconn Investment to Boost Global Manufacturing Aspirations: Vishnaw

Hon Hai Technology Group, popularly known as Foxconn, has announced its investment plans for the country. The news was confirmed by Union Minister for Railways, Electronics and IT and I&B, Ashwini Vaishnaw, who met with Young Liu, Chief Executive Officer and Chairman of Foxconn, in New Delhi on August 16. Aug 16, 2024
SC stays NCLAT nod to Byju's settlement with BCCI

SC stays NCLAT nod to Byju's settlement with BCCI

The Supreme Court on Wednesday halted the National Company Law Appellate Tribunal (NCLAT) order setting aside the insolvency proceedings against embattled edtech firm Byju after approving its settlement with the Board of Control for Cricket in India (BCCI) in connection with repayment of dues of over Rs 158 crore. Aug 14, 2024
Future outlook for residential market in India remains optimistic

Future outlook for real estate market in India remains optimistic: Report

India's real estate market remains optimistic, with a Knight Frank-NAREDCO report showing a Current Sentiment Index Score of 65, indicating a measured outlook. Residential and office demands are driving growth, with 63% expecting rising residential prices and 51% anticipating increased sales. The office market also shows buoyancy in leasing, supply, and rent. Aug 14, 2024

NSE hikes limit under Investor Protection claim

The National Stock Exchange (NSE) has increased the maximum permissible limit against a single claim from Rs 25 lakh to Rs 35 lakh per investor per claim from its Investor Protection Fund Trust. Black Box Limited, a leading IT solutions provider, announced a 55 per cent Year-on-Year (YoY) increase in profit after tax, reaching Rs 37 crore for Q1FY25. Aug 14, 2024
Yunus visits historic Dhaka temple, assures no discrimination against Hindus in Bangladesh

Yunus visits historic Dhaka temple, assures no discrimination against Hindus in B'desh

Muhammad Yunus, the Chief Advisor of the interim government in Bangladesh, said on Tuesday that establishing human rights and freedom of speech remains one of his prime goals as the country's minority communities, especially Hindus, continue to face horrendous acts of violence and vandalism since Sheikh Hasina's resignation as Prime Minister on August 5. Aug 13, 2024
India 2nd only to US in number of banks covered under deposit insurance: RBI Dy Governor

India Ranks Second Globally in Deposit Insurance Coverage

In a recent global conference held in Jaipur, India, on August 13, 2024, RBI Deputy Governor Michael Debabrata Patra announced that India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks. Aug 13, 2024
5G mobile subscriptions in India to reach 130 mn in 2023

India's 5G smartphone market share surges 77 pc in Q2

India's 5G smartphone market share increased to 77 per cent in the second quarter (Q2) -- up from 49 per cent in the same quarter last year -- while the average selling price declined by 22 per cent to $293 (about Rs 24,000), a report said on Tuesday. Nearly 27 million 5G smartphones were shipped in the April-June quarter. Aug 13, 2024
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