FINANCE – Page 25 – msmenews.sbs

Bank of Maharashtra reduces retail loan interest rates by up to 25 bps

AIMPWAMarch 1, 2025

Bank of Maharashtra (BoM) on Sunday announced reduction by up to 25 basis points (bps) in interest rates on retail loans, including home, car, education and other loans linked with Repo Rate Linked Lending Rate (RLLR). The Pune-headquartered public sector bank, in a statement, said it has already waived processing fees on home and car...

PF interest rate to continue at 8.25% for FY25

AIMPWAMarch 1, 2025

The Employees’ Provident Fund Organisation’s Central Board of Trustees (CBT) has decided to retain interest rate of 8.25 per cent for provident fund deposits for FY 2024-25 but has enhanced social security benefits under its insurance scheme. The CBT recommended 8.25 per cent annual rate of interest will be credited to members’ accounts for the...

Banks’ non-food credit growth slows to 12.5% in Jan

AIMPWAMarch 1, 2025

The banking system’s non-food credit growth slowed in January 2025 to 12.5 per cent year-on-year as compared with16.2 per cent in the year ago period. This is due to moderation in credit growth in services and personal loans segments even as credit growth in agriculture and allied activities and industry picked up. However, non-food credit...

RBI says 98.18% of ₹2000 banknotes returned; ₹6,471 cr worth of notes still in circulation

AIMPWAMarch 1, 2025

The Reserve Bank of India (RBI) on Saturday said 98.18 per cent of the ₹2000 banknotes in circulation as on May 19, 2023, have been returned till February 28, 2025. The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal...

HDFC Bank executes first trade in gold through IIBX

AIMPWAMarch 1, 2025

HDFC Bank executed the first ever trade in gold by any bank on IIBX under Special Category Client – Nominated Bank Category, the India International Bullion Exchange (IIBX) located in GIFT City recently announced. This trade conducted on February 28 imported gold through IIBX ecosystem by HDFC Bank and paved the way for other nominated...

ED issues FEMA notice to Paytm over past acquisitions

AIMPWAMarch 1, 2025

India’s Paytm received a show cause notice from India’s financial crime fighting agency on Saturday for allegedly violating the country’s Foreign Exchange Management Act. The notice relates to violations relating to the acquisition of two subsidiaries – Little Internet Private Limited and Nearbuy India Private Limited for the years 2015 to 2019, the Paytm said...

CUB-CSK co-branded credit card launched with sports and lifestyle perks

AIMPWAMarch 1, 2025

City Union Bank Ltd, an old private sector bank, has partnered with Chennai Super Kings (CSK) to launch a co-branded credit card. The CUB-CSK Co-Branded Credit Card will be available in three variants – MasterCard, Platinum, and Signature Powered by MasterCard and RuPay, the card promises global acceptance, top-notch security, and contactless payment options. “These...

India’s Core Sector Output Grows 4.6% in January, Cement and Refinery Products Lead

AIMPWAMarch 1, 2025

New Delhi, Mar 1 (KNN) India’s eight core infrastructure sectors recorded a 4.6 per cent growth in January, slightly lower than December’s revised 4.8 per cent but still the second-highest increase in six months. On a sequential basis, the Index of Core Industries (ICI) rose 2.4 per cent from December, reaching a 10-month high of 173,...

India Extends Mandate for Imported Coal Power Plants Amid Rising Electricity Demand

AIMPWAMarch 1, 2025

New Delhi, Mar 1 (KNN) The Indian government has extended its mandate requiring imported coal-fired power plants to operate at full capacity until the end of April, pushing back an earlier deadline set for February. The decision, outlined in a government order seen by Reuters, comes in response to rising electricity demand across the country. India’s power...

IACC and US Consulate Collaborate on White Paper for India’s Semiconductor Industry

AIMPWAMarch 1, 2025

Nagpur, Mar 1 (KNN) The Indo-American Chamber of Commerce (IACC), in collaboration with the US Consulate, is drafting a white paper to advance India’s semiconductor industry. The report will outline the needs of India’s domestic sector while incorporating perspectives from US stakeholders, particularly on intellectual property rights (IPR) and technology transfer. Sources indicate that the white paper...

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Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

AIMPWAMarch 14, 2025

Budget 2025 Key Announcements: Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in the Parliament on February 1. This was her record eighth budget presented under Prime Minister Narendra Modi-led government’s third term i.e. Modi 3.0. In her speech, Sitharaman said the Budget aims at “transformative reforms” in six key areas — financial sector,...

From Southwest to BP, Elliott and other activists are shaking up companies again

AIMPWAMarch 14, 2025

Investors like billionaire Paul Singer have more money than ever to throw around, and they are making their presence felt on Wall Street and Main Street. Source link

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

AIMPWAMarch 14, 2025

1. A mini bazooka Faced with a sharp fall in urban consumption which dragged economic growth down in the second quarter of this fiscal to just 5.4% of the gross domestic product (GDP) compared to 8.2% in the same period last year, the finance minister had to act, and she decided to take the bull...

Want to make more money selling your house? Mention these features in the listing.

AIMPWAMarch 14, 2025

As spring homebuying season approaches, homeowners who mention features including ‘teak’ and ’soapstone’ in their for-sale listing could get better offers on their houses. Source link

India’s nuclear energy ambitions: Aiming for 100 GW by 2047

AIMPWAMarch 14, 2025

Finance minister Nirmala Sitharaman has committed to developing at least 100 GW of nuclear energy by 2047. In her Union budget for 2025-26, she also proposed setting up a Nuclear Energy Mission with an outlay of ₹20,000 crore. The mission will focus on research and development of small modular reactors (SMRs), with an aim to...

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Latest Posts

Bank of Maharashtra reduces retail loan interest rates by up to 25 bps

PF interest rate to continue at 8.25% for FY25

Banks’ non-food credit growth slows to 12.5% in Jan

RBI says 98.18% of ₹2000 banknotes returned; ₹6,471 cr worth of notes still in circulation

HDFC Bank executes first trade in gold through IIBX

ED issues FEMA notice to Paytm over past acquisitions

CUB-CSK co-branded credit card launched with sports and lifestyle perks

India’s Core Sector Output Grows 4.6% in January, Cement and Refinery Products Lead

India Extends Mandate for Imported Coal Power Plants Amid Rising Electricity Demand

IACC and US Consulate Collaborate on White Paper for India’s Semiconductor Industry

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Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

From Southwest to BP, Elliott and other activists are shaking up companies again

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

Want to make more money selling your house? Mention these features in the listing.

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Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

From Southwest to BP, Elliott and other activists are shaking up companies again

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

Want to make more money selling your house? Mention these features in the listing.

India’s nuclear energy ambitions: Aiming for 100 GW by 2047

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Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

From Southwest to BP, Elliott and other activists are shaking up companies again

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

Want to make more money selling your house? Mention these features in the listing.

India’s nuclear energy ambitions: Aiming for 100 GW by 2047

Govt announces multiple schemes for Bharat; allocation inadequate to match inflationary pressure