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Magma Fincorp Q4 net loss widens to Rs 648 cr; board appoints Adar Poonawalla as chairman

Read more about Magma Fincorp Q4 net loss widens to Rs 648 cr; board appoints Adar Poonawalla as chairman on Business Standard. On a consolidated basis, Magma Fincorp reported net loss of Rs 647.72 crore in Q4 FY21, higher than net loss of Rs 35.51 crore in Q4 FY20. ....

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Tamil Nadu MSMEs appeal to govt for support to overcome Covid led crisis

Read more about Tamil Nadu MSMEs appeal to govt for support to overcome Covid led crisis on Business Standard. The association of Micro, Small and Medium Enterprises (MSME) units across Tamil Nadu have written to the state and central governments for assistance and support to overcome the crisis ....

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Consumer Price Inflation Rises To Around 5% In February Compared To 4% In Last Month

India s retail or consumer price inflation rose to 5.03% in February, data released by the Ministry of Statistics & Programme Implementation (MOSPI) showed on Friday. This marked a sharp jump compared to a final reading of 4.06% in January.
The retail inflation in food prices as measured by consumer food price index almost doubled to 3.87% in February as compared to 1.96% in the previous month. The overall inflation rate stayed within the Reserve Bank Of India s target of 2-6% for the third consecutive month.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) ....

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Why we need uniform micro loan regulations

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Centre lifts embargo on grant of govt businesses to private banks

Read more about Centre lifts embargo on grant of govt businesses to private banks on Business Standard. Move will spur competition, promote efficiency in customer service standards ....

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