Payments banks are expecting to get the rights to offer small-ticket loans sometime soon, according to an industry source familiar with the matter.
The industry has been in talks with the Reserve Bank of India (RBI) for some time in seeking lending rights.
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs.
For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
UltraTech Cement Ltd on Monday reported a 35.24 per cent increase in consolidated net profit at Rs 2,258.58 crore for the fourth quarter ended March 31, 2024.
The leading cement maker had posted a consolidated net profit of Rs 1,670.10 crore in the January-March quarter of the last fiscal, according to a regulatory filing from UltraTech.
Its revenue from operations rose 9.41 per cent to Rs 20,418.94 crore during the period under review.
MDH Spices has denied allegations that its products have traces of cancer-causing agent ethylene oxide (ETO), calling them untrue and lacking any substantiating evidence. Amid speculations doing rounds that there is presence of ETO in our products, we clarify and state unequivocally that these claims are untrue and lack
any substantiating evidence, a statement released by the company said.
Taiwan is keen to collaborate with India and help it become a leader in the semiconductor space, Jason Ho, chairman of the Taiwan Chamber of Commerce in India, said, asserting that the Taiwanese companies have the supply chain for things that the Indian market needs.
Manufacturing semiconductors - used in electric and hybrid cars, drones, and communication devices - is fairly complicated, entails huge investment, and can be a cumbersome process.