On August 1, the government widened the scope of the Rs 3 lakh crore MSME credit guarantee scheme by doubling the upper ceiling of loans outstanding to Rs 50 crore and including certain individual loans given to professionals like doctors, lawyers and chartered accountants for business purposes under its ambit. … [Read more...] about Banks sanction around 44% of targeted Rs 3 lakh crore in liquidity support to MSMEs: CARE Ratings
Powell on rate hikes
DLF share price gains post Q1 result; Citi maintains sell rating
The company has changed its business strategy to focus on mid-income housing and will now monetise its projects during the development phase and not wait for completion which should help augment medium-term cash flows and strengthen the business model. … [Read more...] about DLF share price gains post Q1 result; Citi maintains sell rating
RBI policy review: Why pausing rates does not mean inaction
“The spreads of three-year AAA-rated corporate bonds over G-Secs of similar maturity declined from 276 bps on March 26, 2020 to 50 bps by end-July 2020,” according to the release. A spread is the additional or higher yield on an instrument over another security of better credit quality, but of similar maturity. In March, the bond market was in a stalemate due to various reasons and the RBI stepped in with a host of measures. Bond market conditions eased thereafter, and the easing of spreads referred to by the governor represents that improvement. … [Read more...] about RBI policy review: Why pausing rates does not mean inaction
KTM 250 Duke gets the 390’s LED headlamp for a hike of just Rs 4,000
The older 250 Duke used a single halogen headlamp unit while the new one gets split LEDs. This makes the 250 even more indistinguishable from the 390 Duke, however the instrument cluster remains the orange LCD panel and not the full-colour TFT display from the bigger bikes. … [Read more...] about KTM 250 Duke gets the 390’s LED headlamp for a hike of just Rs 4,000
NASSCOM says Trump’s order banning H-1B workers in federal contracts ‘misinformed’
The order on “Aligning Federal Contracting and Hiring Practices with the Interests of American Workers” focuses on reviewing and policy development around federal contracting and H-1B programme rather than mandating immediate changes, NASSCOM said in the statement. … [Read more...] about NASSCOM says Trump’s order banning H-1B workers in federal contracts ‘misinformed’
