Credit funds, family offices fill void left by banks at AIFs

The Private wealth funds and family offices are stepping in to fill the gap left by banks and non-banking finance companies (NBFCs) in investments into alternative investment funds (AIFs) following the Reserve Bank of India’s tightened norms for financial institutions investing in AIFs. Vivriti Asset Management, which had a 15% share of banks in its […]

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Private Banks further consolidate lending market share

Private sector banks have further consolidated their position in the lending market post Covid, backed by their expertise in retail and services sector lending. Their cumulative market share has risen to 42% at the end of March from 35% four summers back, when the Covid pandemic began spreading in India in March 2020, according to […]

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Key infrastructure sectors, realty may attract Rs 15 trillion by FY26

The Centre has changed a number of clauses in its model concession agreement to ease the market’s woes, but it remains to be seen whether these will be appreciated by the sector. India’s key infrastructure sectors – real estate, renewable energy and roads – are likely to see investments of Rs 15 trillion over the […]

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Meity hears industry concerns over draft Digital Competition Bill

Representatives of several bodies that speak for the internet and mobile business expressed on Tuesday their concern about the draft Digital Competition Bill. They are the Internet and Mobile Association of India (IAMAI), Digital News Publishers Association, Alliance of Digital India Foundation (ADIF), Federation of Indian Fantasy Sports, and Cyber Cafe Association of India. Information […]

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Govt. plans telecom PLI scheme revamp, may focus on MSMEs and exports

The Government is planning to revamp the production-linked incentive (PLI) scheme for the telecom sector in a bid to quickly boost exports and incorporate more micro and small units into the manufacturing ecosystem. Funding for the expanded scheme may not be a challenge since the Department of Telecomm­unications (DoT) has surplus funds of more than […]

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Taking pole position: Auto, BFSI dominated Q4 corporate earnings circuit

Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortization margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more […]

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Net direct tax collections grew 9.8% to Rs.4.62 trillion till mid-June

India’s net direct tax collections for 2024-25 (FY25) grew 9.81% to Rs 4.62 trillion till June 16 of the first quarter over the same period in FY24. Of the total tax collected until June 16, corporation tax accounted for Rs 1.81 trillion, while personal income tax (I-T) stood at Rs 2.69 trillion. This includes advance […]

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New EU rules seen to restrict exports of textiles & footwears

The European Union’s new eco design regulation, setting stringent sustainability requirements for all products in the bloc, is expected to hit Indian exporters, particularly smaller businesses, as it bans the destruction of unsold textiles and footwear, which could limit orders. The guidelines issued a few weeks ago has mandated product durability, reusability and energy efficiency, and is in line […]

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Corporate capex growth slows in FY24 after picking up pace in FY23

After picking up pace in 2022-23 (FY23), growth in capital expenditure by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24). The combined fixed assets of India’s top 990 listed companies, excluding banks, financial services, and insurance (BFSI) and stockbroking firms, increased by just 7.6% year-on-year (Y-o-Y) in FY24, down from 12.2% […]

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Budget 2024-25 likely to retain FY25 fiscal deficit target of 5.1%

Union Finance Minister, Nirmala Sitharaman could stick to the fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for 2024-25 (FY25), same as the Interim Budget, when she presents the full Budget in the middle of next month, according to three officials who are part of the policymaking team involved in the initial discussions […]

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