by OverviewFX | Feb 6, 2025 | Industry
Billionaire Uday Kotak, the founder of Kotak Mahindra Bank, has bought an entire residential building located on Worli Sea Face for more than Rs 400 crore, setting a new national pricing benchmark while buying out existing residents to consolidate ownership of the...
by OverviewFX | Feb 6, 2025 | Industry
New Delhi: Small Industries Development Bank of India (SIDBI) has launched their first ever MSME Outlook Survey, a quarterly analysis of MSME business sentiment for the October-December 2024 period.The report, based on a pan-India survey of 1,200 MSMEs across...
by OverviewFX | Feb 6, 2025 | Industry
New Delhi, Tata Power Renewable Energy Ltd (TPREL) on Thursday said it has partnered with Bank of Baroda to facilitate financing of residential rooftop solar projects under the PM – Surya Ghar Muft Bijli Yojana. Both the entities have signed a Memorandum of...
by OverviewFX | Feb 6, 2025 | Industry
Representative ImageThe Union Budget has provided a significant boost to Asset Reconstruction Companies (ARCs) by reducing the tax deducted at source (TDS) on income payable to investors in securitisation trusts. The revised TDS rate of 10%—down from the existing 25%...
by OverviewFX | Feb 6, 2025 | Industry
After experiencing growth rates in the range of 14% to 16% over the past two years, gross credit growth has continued moderating for a few months, reaching 11.2% in December 2024. This deceleration can primarily be attributed to a slowdown in the personal loans and...
by OverviewFX | Feb 5, 2025 | Industry
Indian Service sectorBy Siddhi NawarAfter a strong finish to 2024, India’s services sector began 2025 with a PMI of 56.5, the lowest since November 2022, according to S&P Global data. While growth momentum slowed after December’s figures of 59.3, expansion...
