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SC: Firms Cannot Term Contractual Interest Rates as Unfair After Default

New Delhi, Dec. 6 -- The Supreme Court has upheld an arbitral award enforcing a 36 percent annual interest rate on British Physical Laboratories (BPL) Limited's dues to Morgan Securities and Credits P... Read More


Fino Payments Bank Gets RBI Nod for Its Conversion into Small Finance Bank

New Delhi, Dec. 6 -- The Reserve Bank of India (RBI) has granted 'in-principle' approval to Fino Payments Bank for its conversion into a Small Finance Bank (SFB). As per RBI guidelines, existing Paym... Read More


India Adds Record 31.25 GW Non-Fossil Fuel Capacity & 24.28 GW Solar In FY25: Pralhad Joshi

Bhubaneswar, Dec. 6 -- India achieved its largest-ever addition of non-fossil fuel energy capacity in the current financial year, totaling 31.25 GW, including 24.28 GW from solar power, Union Minister... Read More


Over 1.6 Lakh Loans Sanctioned As PMFME Scheme Accelerates Nationwide

New Delhi, Dec. 6 -- Stating that Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme has steadily expanded its reach, Minister of State for Food Processing Industries Rav... Read More


India's Exports To Russia Could Jump From USD 5 Bn to USD 35 Bn By 2030: GTRI Report

New Delhi, Dec. 6 -- India has the potential to increase its merchandise exports to Russia from roughly USD 5 billion to nearly USD 35 billion by 2030, according to a report by the Global Trade Resear... Read More


RBI's Rate Cut Stands Out Globally Amid Strong GDP & Low Inflation: SBI Research

New Delhi, Dec. 6 -- SBI Research has described the Reserve Bank of India's decision to cut the policy repo rate by 25 basis points as an exceptional move, noting that the easing comes despite one of ... Read More


UP To Launch ODOP 2.0 & New Cuisine Programme To Boost Exports & Local Heritage: CM Yogi

Lucknow, Dec. 6 -- Uttar Pradesh will scale up its flagship One District One Product (ODOP) initiative with the launch of ODOP 2.0 and a new One District One Cuisine programme, Chief Minister Yogi Adi... Read More


RBI Launches Two-Month Drive To Clear Customer Complaint Backlog: Governor Malhotra

New Delhi, Dec. 6 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday underscored the central bank's continued emphasis on customer-centric banking, urging financial institutions to plac... Read More


Railways Mount Capacity To Ease Travel Disruption from IndiGo Flight Cancellations

New Delhi, Dec. 6 -- Amid Indigo flight disruptions which have been impacting travel plans of lakhs of passengers and causing chaos at various airports, Indian Railways has mounted additional capacity... Read More


GST Rate Cut Has Lowered Production Cost For Farmers: Minister

New Delhi, Dec. 6 -- Reduction in goods and services tax (GST) has made key agricultural inputs cheaper and hence lowered production cost for farmers, said Chemicals & Fertilizers Minister Jagat Praka... Read More