Day: October 5, 2022

India Inc’s foreign commercial borrowings rise by 4.6% in August: RBI data

NEW DELHI: India Inc’s foreign commercial borrowings in August this year rose by nearly 4.6 per cent to USD 2.98 billion, according to the RBI data. In August 2021, the Indian businesses borrowed USD 2.85 billion in the form of external commercial borrowings. Of the total borrowings in August this year, over USD 2.47 billion […]

India’s finance ministry modifies ECLGS; raises loan limit to Rs 1,500 crore for aviation sector

NEW DELHI: India’s finance ministry has modified the Emergency Credit Line Guarantee Scheme (ECLGS) by raising loan limit under the scheme to Rs 1,500 crore from Rs 400 crore to help the COVID-hit industry tide over liquidity stress. Recognising that an efficient and strong civil aviation sector is vital for the economic development of the […]

India’s support to poor during Covid-19 remarkable, says World Bank president

WASHINGTON: India’s support to the poor and needy during the COVID-19 pandemic crisis is remarkable, and other nations should adopt the Indian move of targeted cash transfer instead of broad subsidies, World Bank President David Malpass said on Wednesday. COVID-19 marked the end of a phase of global progress in poverty reduction. During the three […]

Tata Value Homes sells over 100 residential units at New Haven

NEW DELHI: With an aim to address the growing demand for quality homes in Haryana – Bahadurgarh, Tata Value Homes- 100% subsidiary of Tata Housing Development Company, launched the new phase of New Haven in line with the company’s growth and expansion plans in the NCR region. The launch comes at an auspicious times marked […]

Reliance Jio launches beta trial of Jio True 5G services in Mumbai, Delhi, Kolkata, and Varanasi

NEW DELHI: Post the successful demonstration of its True-5G services at the India Mobile Congress 2022, Jio is announcing the Beta trial of its True-5G services on the auspicious occasion of Dussehra, for Jio users in 4 cities – Mumbai, Delhi, Kolkata, and Varanasi. Dussehra symbolizes the triumph over hurdles caused by legacy technologies such […]

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