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India's current account deficit to remain 1.5-1.7% of GDP in FY27 but RBI measures may turn BoP surplus: SBI ReportIndia's current account deficit is projected for FY27. However, Reserve Bank of India measures are anticipated to improve the country's ext...- IRCTC launches upgraded Golden Chariot Luxury Train for 2026-27 seasonThe Golden Chariot luxury train is set for a grand relaunch in the 2026-27 tourist season. IRCTC has unveiled a reimagined experience blend...
- In 1892, A North Carolina furnace test for cheap aluminum produced an unexpected solid; that accident helped build the industrial Acetylene AgeA chance discovery in 1892 by Willson in North Carolina led to calcium carbide. This substance could produce acetylene gas. Acetylene provi...
- Former Yes Bank CEO Rana Kapoor, Sudhir Valia booked in a fraud case by the Mumbai PoliceMumbai Police have filed a fresh FIR against former Yes Bank co-founder Rana Kapoor and investor Sudhir Valia for an alleged ₹1,000-crore f...
- Criminal breach of trust case registered against ex-Yes Bank CEO Rana Kapoor, othersMumbai Police have filed a case against former Yes Bank MD Rana Kapoor and others. The FIR alleges illegal transfer of mortgaged property w...
- Is Spotify down today? Spotify outage hits over 15,000 as users report server issues with music streaming platform amid outage; here's how to fixIs Spotify Down Today? Over 15,000 users have flooded Downdetector with reports of Spotify not working. The platform confirmed the outage o...
- India steel sector grows in April, crude output up 5.8%, consumption up 8.1%India's steel sector showed strong growth in April 2026. Production and consumption of steel increased significantly. This performance refl...
- TMC failed to open account in nine of 23 districts of West BengalThe Bharatiya Janata Party secured a landslide victory in West Bengal, winning 206 seats and ending the Trinamool Congress's 15-year reign....
- ARCs seek bigger role in RBI's new securitisation frameworkThe RBI's draft allows pooling and securitising stressed retail and corporate loans, barring categories like farm loans, education loans, f...
- RBI issues draft norms on securitisation of stressed assetsSecuritisation of stressed assets involves transactions where risk of recovery in stressed assets is distributed, among investors, by repac...
- ARC route being misused by "tainted" promoters: RBI deputy governor RaoM Rajeshwar Rao stressed that asked the leaders of the ARC sector to ensure that the sector remains focused on course charted through legis...
- Foreign investors, others edge out ARCs in India's bad loan marketOnly 3.2% of total bad loans were sold to ARCs at the end of 2022, data from the central bank showed. Data also showed that foreign funds a...
- Unholy nexus between ARCs and borrowers found after IT raids: CBDTThe department seized Rs 4 crore cash and a "large volume" of documents and digital records, the Central Board of Direct Taxes (CBDT) said ...
- IT raids 4 ARCs, finds cash transaction of Rs 850 crores in one such companyIt has also been found that the ARCs have been following non-transparent methods in disposal of assets that were acquired by them from the ...
- FDI norm relaxation for asset reconstruction companies to smoothen capital inflowsDIPP last week notified relaxation of FDI norms for ARCs by allowing 100 per cent overseas investment through the automatic route.
- Budget 2016: Foreign investors can now establish ARCs in IndiaThe measures announced by the FM is aimed at enabling banks to clean their balance sheet which is saddled with rising bad loans.
- Budget 2016: ARCs got a big boost as sponsor holding raised to 100%Asset reconstruction companies got a big boost from finance minister Arun Jaitley as he raised the sponsor holding to 100% from 49%.
- RBI seeks finance ministry's nod to relax sponsor capital restriction for ARCsCurrently, foreign investors can in vest up to 49% via the automatic route, and beyond 49% via the government route in the capital of ARCs.
- Asset reconstruction companies want RBI, Finance Ministry to relax ownership rulesAsset reconstruction companies have sought relaxation on ownership rules, a move that could spur sale of bad loan sales in the sector.
- FDI cap in asset reconstruction companies raised to 74% from 49% with a riderThe foreign investment limit of 74% in ARC will be a combined limit of FDI and FII. Hence, the prohibition on investment by FII in ARCs wil...
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