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microfinance institutions (MFIs) on Friday said that it would be difficult for them to lower interest rates unless they have access to cheaper sources of funds which can be ensured by a dedicated credit guarantee scheme, refinance facility or interest subvention. The rates charged by microfinance lenders have always been a contentious issue and have again come under regulatory glare following an increase in defaults seen in the sector. Most lenders charge between 21% and 24% a year. The Department of Financial Services at a meeting with MFI heads earlier this week urged them to reduce rates to make the loans viable for borrowers. «Given the cost structure, it would be difficult for NBFC-MFIs to reduce rates below 20%,» said Sadaf Sayeed, chief executive at Muthoot Microfinance.

World Economic Forum (WEF). The report added that to mitigate the growing shortage of skilled labour, the technology will capture the expertise of retiring employees and transfer it to the next generation. When you combine AI with digital twins its impact becomes even greater. The possibilities include everything from performance monitoring and optimization to creating more realistic simulations and making precise predictions.

Reserve Bank of India (RBI), in its recent buyback auctions of government securities in January, accepted nearly 77% of the total amount the central bank had notified, but received bids worth about double the amount as banks bid aggressively amid deficit liquidity in the banking system, economists said.

The loonie is struggling, putting a premium on anything Canadians buy that comes with a price tag in U.S. dollars.

What is going on with aviation security

An independent watchdog finds the IRS has improved its overall taxpayer service through Democrats' Inflation Reduction Act but still faces delays processing claims from a coronavirus pandemic-era tax credit program and is slow to resolve certain identi...

Subscribe to enjoy similar stories. New Delhi: The draft rules for the Digital Personal Data Protection (DPDP) Act, published on Friday, have ignited discussions among legal and data privacy experts regarding the effective implementation of the law. Experts emphasize that successful enforcement depends on a well-equipped and robust Data Protection Board of India (DPBI).

Bank of Baroda 0.62 per cent to Rs 231.00 in Wednesday's session as of 10:50AM (IST) even as the equity benchmark Sensex traded 472.69 points at 77726.42. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 298.45 and a 52-week low of Rs 219.45 on NSE. Around 51238 shares changed hands on the counter till 10:50AM (IST).

Subscribe to enjoy similar stories. Succession planning among India’s wealthy is a subject that extends far beyond simply naming heirs and dividing assets. Preserving family wealth and ensuring business continuity across generations is intricate and involves legal, financial, and strategic considerations.

The year ahead for Canadian employees was foretold by a front page article on Dec. 31 in the Wall Street Journal, discussing the massive downsizing of middle management.

Au Small Finance Bank Ltd. 2.29 per cent to Rs 560.30 in Monday's session as of 12:27PM (IST) even as the equity benchmark Sensex traded 965.37 points at 78257.74. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 813.00 and a 52-week low of Rs 534.00 on NSE. Around 65989 shares changed hands on the counter till 12:27PM (IST).

InterGlobe Aviation Ltd. 3.83 per cent to Rs 4291.20 at 12:32PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 17,344 shares with a turnover of Rs 7.52 crore till 12:32PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 25.06, while the price-to-book value ratio stood at 68.53.

Voltas Ltd. traded at Rs 1786.90 on BSE at 12:22PM (IST) on Monday, 2.44 per cent from previous close. The scrip quoted a 52-week low price of Rs 985.15 and a high of Rs 1946.20.

Bharat Forge Ltd. 2.23 per cent to Rs 1267.60 at 12:12PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 16,702 shares with a turnover of Rs 2.13 crore till 12:12PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 63.93, while the price-to-book value ratio stood at 7.33.

Stocks soared in 2024.

Morgan Stanley & Co. LLC terminated its membership of a major climate-banking group, joining a wave of Wall Street firms that recently quit a global alliance intended to aid the reduction of greenhouse-gas emissions.

Elon Musk capped off 2024 with an extraordinary boost to his wealth, becoming one of the biggest beneficiaries of the year’s historic surge among the world’s richest billionaires.

Tata Power Company Ltd. 0.21 per cent to Rs 396.40 at 10:41AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 302,364 shares with a turnover of Rs 12.07 crore till 10:41AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 33.87, while the price-to-book value ratio stood at 3.89.

REC Ltd. 1.01 per cent to Rs 524.35 at 10:21AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 203,550 shares with a turnover of Rs 10.73 crore till 10:21AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 9.26, while the price-to-book value ratio stood at 1.73.