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Finance secretary Hasmukh Adhia. Photo: Mint

Sat, Nov 17 2018. 05 28 PM IST

Government likely to name Hasmukh Adhia’s successor today

Finance secretary Hasmukh Adhia will retire on November 30

Finance secretary Hasmukh Adhia. Photo: Mint

Sat, Nov 17 2018. 04 09 PM IST

Finance secretary Hasmukh Adhia to retire on November 30

During his four-year stint in the finance ministry, Adhia spearheaded the roll out of the Goods and Services Tax, besides implementing laws to unearth black money

RBI has taken steps to ease lending to MSMEs and to ensure their faster ‘formalisation’ to bring them on board the GST regime.

Fri, Nov 16 2018. 10 27 PM IST

Most PCA banks meet priority sector lending goals for MSMEs, shows analysis

Of the 12 banks, including one from private sector under ‘prompt corrective action’, 10 have achieved the target as on 31 March 2018

CapitaWorld had undertaken two sets of valuations—in 2017 and in 2018. Photo: Mint

Fri, Nov 16 2018. 08 12 AM IST

Banks paid premium of ₹119 per share for majority stake in CapitaWorld

CapitaWorld processes applications for a 59-minute loan scheme that PM Modi announced on 2 November

There is a clear demand for mid-income housing projects and we expect continued growth in this segment, says Lodha Developers MD Abhishek Lodha.

Thu, Nov 15 2018. 01 52 AM IST

Lodha expects mid-income housing projects to account for 50% of its sales in 2018-19

Mumbai-based Lodha Developers, India’s largest residential developer by sales, expects its housing business in the ₹35 lakh-₹1 crore segment to grow significantly faster than other verticals over the next 2-3 years

RBI is expected to consider special dispensation for MSME sector and NBFCs which have been facing liquidity issues.

Wed, Nov 14 2018. 04 36 PM IST

RBI, govt trying to reach common ground on some key issues

Ahead of RBI board meeting on Nov. 19, both the apex bank and govt are trying to reach an agreeable solution on relaxation of Prompt Corrective Action framework and easing lending norms for MSMEs

Macquarie’s decision to acquire the solar power assets of Canadian Solar in India comes at a time when access to funds for renewable energy is drying up in India. Photo: AFP

Tue, Nov 13 2018. 01 42 AM IST

Macquarie looks to buy Canadian Solar’s India business

Macquarie Group may have to shell out ₹1,000 crore to buy solar power assets of Canadian Solar in India at a valuation of ₹6-6.5 crore per megawatt

Since Moody’s India ratings upgrade around this time last year, whatever could go wrong has indeed gone wrong. Photo: Bloomberg

Mon, Nov 12 2018. 06 22 AM IST

The Moody’s curse on the Indian economy

Risks highlighted by Moody’s a year ago—rise in external vulnerability, deterioration in fiscal metrics and banking health — seem to have materialized in the Indian economy

While cost pressures weighed on profitability, battery makers Amara Raja and Exide registered strong growth in revenue. Graphic: Mint

Sun, Nov 11 2018. 11 53 PM IST

Market share gains propel Exide, Amara Raja, margin improvement key

Compared to an 18% fall in the Nifty Auto index, shares of Amara Raja and Exide have lost 12% and 2%, respectively in the last six months

The bi-monthly GST compensation paid during the June-July period was Rs 14,930 crore. Photo: PTI

Sun, Nov 11 2018. 11 32 AM IST

GST compensation paid to states declines to Rs 11,900 cr in Aug-Sept

The government collected a record Rs 1,00,710 crore from Goods and Services Tax (GST) in the month of October

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