PNB Housing Finance eyes ₹1 lakh crore retail book by March 2027: CEO Kousgi
PNB Housing Finance Ltd (PNBHFL), a retail focused home loan provider, is eyeing a retail home loan book of ₹1 lakh crore by March 2027, its Managing Director & CEO Girish Kousgi has said. Currently, the company’s retail book, which is growing at 17.5 per cent, stood at ₹70,767 crore.
Revamp intangible asset rules to match digital economy growth: CII
The Confederation of Indian Industry (CII) has urged a comprehensive review of the accounting and recognition framework for intangible assets, highlighting the need to align with India’s transition to a digital economy, where intellectual capital is emerging as a critical driver of value creation for entities. Addressing the challenges around
Commerce Department scrutinising ‘America First Trade Policy’ to study impact of each provision
The Commerce Department is minutely scrutinising every provision of ‘America First Trade Policy’ notified this week by US President Donald Trump, including tariff threats, to see what impacts India negatively as well as positively and to prepare accordingly to deal with it, sources have said. Inputs will be sought from
Centre hikes raw jute MSP by 6% to ₹5,650/quintal for marketing season 2025-26
The Union Cabinet on Wednesday approved a minimum support price of ₹5,650 per quintal for raw jute for marketing season 2025-26. This is an increase of ₹315 or around 6 per cent over the previous marketing season 2024-25. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra
Drone firm General Aeronautics closes Series A+ round funding led by Fowler Westrup
General Aeronautics (GA), a drone technology company specialising in precision spraying and agriculture, has raised an undisclosed sum in Series A+ funding round led by Fowler Westrup India which is part of Mahyco Grow, and manufacturer of post harvest machinery and industrial equipment. GA’s cutting-edge solutions have already deployed by
Coffee Board, NLM-Karnataka sign MoU to train women in entrepreneurship
The Coffee Board of India and the National Livelihood Mission-Karnataka have signed a memorandum of understanding (MoU) to empower about one lakh women members of the NLM self help groups across the State on coffee brewing techniques and rural cafe management. The MoU of this project was signed by KG
CIFT conducts training on combating antimicrobial resistance in fisheries and animal sciences
George Ninan, Director of ICAR-Central Institute of Fisheries Technology, has underscored the critical need to address antimicrobial resistance (AMR) in the fisheries and animal sciences sectors. Inaugurating a training programme at CIFT, he highlighted the growing challenge of AMR in these fields and the importance of capacity-building initiatives to combat
High frequency indicators showing signs of revival: BNP Paribas
Several high frequency indicators in the Indian economy such as credit growth, index of industrial production, steel production, auto sales, and GST collections are showing signs of a pick-up after bottoming out in the third quarter of 2024, BNP Paribas said in its latest Indian strategy report. Agriculture gross value
EPFO adds 14.63 lakh net members during November 2024
The Employees’ Provident Fund Organisation (EPFO) on Tuesday released provisional payroll data for November 2024, indicating a net addition of 14.63 lakh members. An increase of 9.07 per cent has been registered in net member addition during the current month as compared to the previous month of October 2024, the
Union Budget likely to raise subsidy spending by 8% to ₹4.1 lakh crore next fiscal
India is likely to raise spending on food, fertiliser, and cooking gas subsidies to ₹4.1 lakh crore ($47.41 billion) in the next fiscal year, government sources said, a moderate 8 per cent year-on-year increase to cover higher food and energy costs. Finance Minister Nirmala Sitharaman will present the national budget