Raghuram Rajan sounds a note of caution, says NPAs may see unprecedented rise in 6 months

"The level of the NPAs is going to be unprecedented in six months from now if we really recognise the true level of NPAs...We are in trouble and sooner we recognise it, better it is because we really need to deal with the problem,? Rajan said during a session at the India Policy Forum 2020 organised by NCAER.

Debt MFs see 95% plunge in June inflow on redemptions in liquid schemes

Most individual categories that invest in fixed-income securities, or debt funds, saw an inflow. However, liquid schemes and credit risk funds saw withdrawals.

Digital lenders focus on existing customers as uncertainty continues

Cash and revenue fluctuations faced by borrowers currently are also forcing lenders to look at providing shorter duration loans, with smaller ticket sizes

Global oil demand will soar by a record 7 million bpd in 2021: OPEC

Oil prices collapsed this year after global demand fell by a third when governments imposed lockdowns to stop the spread of the virus

Fuel tax hikes are derailing recovery

Fuel tax hikes are derailing recoveryProvisional fuel sales in June show that while India?s overall consumption of petroleum products was 8% lower than a year earlier, diesel and gasoline consumption were down 15% and 14%, respectively.

Renewable sector reports 72% drop in new capacity addition in Q1

The renewable energy sector in the country reported a 72 per cent drop in new capacity addition during the first quarter of this fiscal when compared

US-China tensions, rising Covid-19 cases hit indices; Sensex falls 661 pts

The benchmark Nifty ended the session at 10,607, a fall of 1.8 per cent or 195 points. The Sensex fell 661 points, or 1.8 per cent - the most since June 11

Walmart to infuse $1.2 bn in Flipkart's e-commerce biz at $25 bn valua

Flipkart is currently investing in technology such as voice assistants and local language interfaces to help make shopping easier for non-English speaking customers, as it looks to onboard new customers.

Net inflows in equities plummet to 4-year low, SIP contribution tanks below Rs 8,000 crore

Net inflows in equities plunged 94% month-on-month in June, according to report released on Tuesday by Motilal Oswal Institutional Equities.