Specialised non-bank participants to get entry into term money marketThe Reserve Bank of India is opening up the term money market to a wider range of financial institutions, including specialized government-...
100% refund for mis-sold financial products and crackdown on dark patterns: How RBI’s new draft can benefit customersThe Reserve Bank of India is implementing stricter regulations against financial institutions for mis-selling products. New draft direction...
Declining bank deposits raise concerns about NBFC's fund raising capacity: ReportCareEdge Ratings has raised concerns about the credit-deposit ratios of Non-Banking Financial Companies (NBFCs) due to declining deposits. ...
Branches of Indian banks in overseas can deal in financial products not permitted in domestic marketFurther, the financial products dealt with by the foreign branches and subsidiaries as well as IFSCs will attract prudential norms such as ...
Rapid EV adoption, higher input costs to adversely impact forging, casting industry: AIFIThe Association of Indian Forging Industry (AIFI) on Wednesday said the industry, which is also grappling with rising input prices, might e...
NaBFID to commence operations from first quarter of FY23: KamathNaBFID was set up by the government last year as a development financial institution (DFI) to support the development of long-term infrastr...
NaBFID to be regulated as AIFI under RBI ActThe National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021, received the assent of the President on March 28, 2021. ...
RBI proposes stricter capital norms for Exim Bank, Nabard, NHB and Sidbi“As the Indian economy grows further, the AIFIs are increasingly being seen as key institutions to promote the flow of direct or indirect c...
Forging manufacturers seek ban on steel and iron ore exports amid sharp price hikesForging steel manufacturers have hiked prices by 10 per cent over the last six months and now looking for a further 15 per cent increase. T...
AMFI appoints Vikas Bajaj as presidentVikas Bajaj, who is the Managing director of the Gurugram-based Bajaj Motors, was elected to the post at the association's general body mee...
Global manufacturers ring Indian suppliers as they look beyond ChinaEven Indian manufacturers are increasingly looking to reduce their imports from China and increase local sourcing of forged components. If ...
Amazon launches business selling automated checkout to retailersItems picked up by a customer and any guests who enter with them will be added to the shopper's virtual cart. The store will then bill the ...
Auto stocks tank nearly 9% as coronavirus outbreak disrupts supply chainsMaruti Suzuki India was trading with 1.06 per cent losses.
Forging industry to grow by 8 per cent to 35.1 LT by 2020The total turnover of the 419 entities in FY 2012-13 was estimated at Rs 19,500 crore, with an overall capacity utilisation of at around 57...
106 forging units closed in last 18 months,thousands jobless: AIFIThe continuous slowdown in the economy, including slump in demand from auto sector, has led to closure of 106 forging units out of 600 acro...
- Forging industry seeks sops to face Chinese rivals
The Association of Indian Forging Industry (AIFI) on Sunday asked the government to provide a level playing field so that the sector can ma...
- Forging cos to take steel price hike to MRTPC
The forging industry has threatened to approach Monopolies & Restrictive Trade Practices Commission (MRTPC) against steel manufacturers’ mo...