CashNews.co Mumbai: Retail loans by banks and finance companies in India could triple by 2030, driving household leverage to 34 per cent by fiscal year 2031 from about 23 per cent at the end of 2024, according to a new report. Finance companies will sustain loan growth stronger than the banking sector, which is expected […]
CashNews.co Union Finance Minister Nirmala Sitharaman, during her address at the Uzbekistan-India Business Forum on Friday, emphasised the vast trade opportunities between India and Uzbekistan.She pushed for increased trade and urged the chambers of commerce of both countries to create a roadmap to achieve the $ 3 billion trade target set by the leadership of […]
CashNews.co China’s benchmark index, the CSI 300, surged 15.28%, marking its best weekly gain of the year last week and the best rally since 2008, according to Bloomberg. This came after the People’s Bank of China cut one of its short-term policy rates, sparking speculation that officials are preparing to step up efforts to revive […]
CashNews.co After two years of decline, private equity (PE) transactions in India have risen by 8.9 per cent in the first nine months of 2024, reaching $24.2 billion, compared to $22.23 billion in the same period in 2023. The financial services sector led the surge, with deals totalling $6.3 billion, accounting for 26 […]
CashNews.co NEW DELHI: India and Uzbekistan on Friday signed a Bilateral Investment Treaty (BIT) to assure appropriate protection to investors of the two countries. The treaty was signed by Indian finance minister Nirmala Sitharaman and Uzbekistan’s deputy prime minister Khodjayev Jamshid Abdukhakimovich at Tashkent (X/FinMinIndia) The treaty was signed by Indian finance minister Nirmala Sitharaman […]
CashNews.co Wedding planning must involve consideration for expenses (Photo: Shutterstock) 3 min read Last Updated : Sep 27 2024 | 4:35 PM IS In a country where weddings are often grand affairs lasting days, many couples find themselves facing a financial hangover when the festivities end. As the average cost of weddings often exceeds […]
CashNews.co For the week ended Sept. 13, foreign currency assets—a major component of the reserves—rose $2.06 billion to $605.69 billion, according to the data. In dollar terms, foreign currency assets include the effect of the appreciation or depreciation of non-US units like the euro, pound and yen held in foreign exchange reserves. Gold reserves increased […]
CashNews.co India TodayTelangana’s finances | A shocking bequestKCR’s indiscriminate borrowings left Telangana with a huge pile of debt. Over the next decade, the state will pay dearly for the ex-CM’s….1 hour ago Read More #cashnews #India #finance
CashNews.co India, as an emerging economy, offers a wide array of investment opportunities for non-resident Indians (NRIs) across sectors like real estate, mutual funds, and more. Various government-backed investment options enable NRIs to diversify and grow their wealth. The Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) have established […]
CashNews.co In a landmark move for digital transformation in the Caribbean, Trinidad & Tobago has become the first country in the region to adopt India’s Unified Payments Interface (UPI) platform. This development follows an important agreement signed on September 26, 2024, between India’s NPCI International Payments Limited (NIPL) and the Ministry of Digital Transformation (MDT) […]