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Business - March 5, 2023

Top 10 Business Headlines: NBFC crisis, mobile user base solutions, and more

Top 10 Business Headlines: NBFC crisis, mobile user base solutions, and more 1

RBI regulations out credit score line for NBFCs discusses revised bad mortgage round

The Reserve Bank of India (RBI) board on Tuesday cautioned no longer extending a credit score line to struggling non-banking economic businesses (NBFCs) as it felt there has been no systemic liquidity difficulty however there were solvency worries in a few large entities.

Liquidity-starved DHFL stops sparkling deposits, untimely withdrawals

Liquidity-starved Dewan Housing Finance Ltd (DHFL) has stated it gained’t permit untimely withdrawals of its deposits, with instantaneous impact, with a view to reorganize its liability control.

PNB could take manipulate of OBC, Andhra Bank, Allahabad Bank: Reports


Punjab National Bank (PNB) could take manage of two or 3 small kingdom-run banks, that would consist of Oriental Bank of Commerce, Andhra Bank, and Allahabad Bank. New Delhi has been seeking to merge smaller local nation-run banks with better managed larger government-owned lenders.

After a protracted wait, Sebi notifies regulations for MFs to go into commodity area

Sebi has approved a mutual budget to take part in all alternate-traded commodities except the ‘Sensitive Commodities’. Essential commodities in the Agri phase are regarded as touchy. Along with MFs, gold change-traded price range also has been allowed to take part, but only in gold derivatives.

Mobile consumer base dips 22 mn in March, suffers the biggest fall because of April 2018

The variety of cellular customers in the united states dipped by using 21.87 million in March this year in the space of one month, the largest decline because of April 2018, especially as a result of operators weeding out their low-revenue subscribers.

Explained: Why food and grocery retail seems like a hard nut to crack

An aggregate of excessive leases and overheads, in addition to competition from organized, traditional and e-trade majors, is pushing fringe gamers out of the food and grocery retail marketplace. Constituting two-third of the $820-billion retail marketplace in India, the meals and grocery section does have takers together with Reliance Retail, Future, and RP-Sanjiv Goenka.

Sensex, Nifty slip from a document high as go out poll euphoria subsides

The benchmark indices on Tuesday got here off their report highs as buyers took earnings after judging recent profits as immoderate. The Sensex and the Nifty50 had ended at new all-time highs inside the preceding session after rallying close to 4 percent, after go out polls predicted that the Modi government changed into set to retain power.

Ola drops Foodpanda shipping, lays off numerous personnel

About 18 months after acquiring Foodpanda India, ANI Technologies Pvt. Ltd-owned Ola has suspended the company’s meals delivery business, laid off about forty mid- to entry-degree employees and terminated the contracts of most of its 1,500 food shipping executives, mentioned Livemint.

Commercial vehicles may emerge as in the slow lane, too After a year of fast increase, the Indian commercial automobile market is about to witness a modest pace of expansion this economic, ahead of the industry’s adoption of stricter emission standards from April 2020, pronounced Economic Times.

India on the avenue to ‘vehicle registration portability’

Owners of cars or different cars moving from one State to another could be spared the tedium of re-registering their vehicles and converting the vehicle wide variety plates, if a deliberate move of the Road Ministry takes to the air, said Hindu Business Line.

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