“Banks just aren’t set up to understand small businesses”

“Banks just aren’t set up to understand small businesses”

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Stimulus, farm waiver to push up fiscal deficit by 1%: RBI

Stimulus, farm waiver to push up fiscal deficit by 1%: RBI

Cutting its growth estimate for the current fiscal, the RBI warned on Wednesday that any economic stimulus and farm debt waivers could push up fiscal deficit by 1 percentage point, potentially stoking inflation. Such measure could lead to inflation surging...
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Govt to set up 5 scrap-based steel plants, invest Rs 500 crore

Govt to set up 5 scrap-based steel plants, invest Rs 500 crore

The government is planning to set up five scrap-based steel plants at an investment of Rs 500 crore within a year to ensure that a chunk of the country’s targeted 300 million tonne steel output is met through scrap. India’s...
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95 companies have set up mobile plants in India: IT minister Ravi Shankar Prasad

95 companies have set up mobile plants in India: IT minister Ravi Shankar Prasad

Information technology minister Ravi Shankar Prasad said on Sunday that 95 mobile manufacturing companies have set up their plants under the new government. “Today, 95 mobile manufacturing factories have come in India and India is becoming a big hub of...
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Digital payment bound to pick up with new technology: Jaitley

Digital payment bound to pick up with new technology: Jaitley

Finance minister Arun Jaitley on Monday expressed hope that digital payment is going to pick up momentum with more advanced technology coming into the market. A lot of people went in for digitisation in terms of mode of payment more...
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Infosys to set up innovation hub in Raleigh, hire 2K Americans

Infosys to set up innovation hub in Raleigh, hire 2K Americans

India’s second largest software services firm Infosys said on Tuesday it will set up a technology and innovation hub in Raleigh in North Carolina, where it is expected to hire 2,000 American workers by 2021. In July, Infosys had announced...
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