50 bps CRR cut will unlock Rs 1.16 lakh cr bank funds

To ease the potential liquidity stress, the Reserve Bank on Friday slashed Cash Reserve Ratio (CRR) by 50 basis points to 4 per cent, a move that would unlock Rs 1.16 lakh crore bank funds. The RBI on May 4,

Auto: Are You Ready For The Mahindra BE 6e?

Mahindra Electric’s latest offering, the BE 6e, is not just an electric vehicle, it’s a revolution, asserts Rajesh Karkera. IMAGE: Actress and model Riya Sisodiya poses with the BE 6e. Photograph: Kind courtesy Mahindra Electric The Main Worry of All

Car sales drive up thanks to wedding season, rural buy

Auto majors report positive sales figs for November. Kindly note the images has only been published for representational purposes. Photograph: Kind courtesy Pixabay The domestic passenger vehicle (PV) wholesales have increased by about four per cent year-on-year (Y-o-Y) in November

GST collection rises 8.5% to Rs 1.82 lakh cr in Nov

Gross GST collections grew 8.5 per cent to over Rs 1.82 lakh crore in November on account of increased sales spurred by the festive season. The Central GST collection stood at Rs 34,141 crore, State GST at Rs 43,047 crore,

AIFs gain currency as fundraise tops Rs 5 trn

Alternative investment funds (AIFs) have crossed Rs 5 trillion in terms of funds raised, while the investment commitments have surpassed Rs 12 trillion for the first time as of September, according to data released by the Securities and Exchange Board