BUSINESS
Higher bank credit may not always lead to higher investment
The analysis shows that in the banking sector, partial monetary policy transmission happens with a lag. Further, banks respond to changes in money market spreads faster and better than changes in the policy rate.
RBI creates 'Payments Infrastructure Development Fund'
A PoS infrastructure can have physical or digital features to allow online payments for goods or services. "Over the years, payments ecosystem in the country has evolved with a wide range of options such as bank accounts, mobile phones, cards, etc," the RBI said in a statement.
'MSMEs should adopt new digital solution for growth'
At a recent session of the MSME Business Forum, Ramanan Ramanathan, Mission Director, Atal Innovation Mission, Niti Aayog noted that with support from the government for going digital, India is leading the growth in driving digital initiatives.
India's economy shrank 9.6% in 2020-21, can rise with vaccine to 5.4% next fiscal: World Bank
The Bank's Global Economic Prospects Report said that the optimistic forecast for 2021-22 "assumes that a vaccine will be distributed on a large scale in the region starting the second half of 2021 and that there is no widespread resurgence in infections".
Adequate order book to boost construction companies' FY22 performance: ICRA
The ratings agency said the outlook on the construction sector in FY22 is stable and credit profile of players are likely to recover after weakening in FY21. Besides, ICRA pointed out that investments planned under the National Infrastructure Pipeline will be key growth drivers for the sector.
India Exim Bank raises $1 bn via bond issue
In a statement, the bank said that the coupon rate of 2.25 per cent is at a record low for any 10-year bond issuance from India. The funds will be used by the bank to support Indian project exports, overseas investment by way of long-term credit and its export lines of credit portfolio, it said.
Despite ups and downs, Bitcoin set to rule 2021
Earlier, the world's most well-known cryptocurrency smashed through $34,000 for the first time ever in its entire history of 12 years on Sunday. The latest gains come two days after bitcoin closed out a year in which the cryptocurrency rose more than 300 per cent, with an almost 50 per cent gain in December alone.
India in no hurry to seek US nod for oil supplies from Iran, Venezuela
Sources privy to the development said that with oil market globally turning into a buyer's market amid oversupplies and Covid-19 related demand destruction, India sees no point in immediately seeking exemption from sanctions but would rather wait for an opportune time to make its case.
Vaccine High: Sensex to summit 50,000 mark, budget to give added boost
Besides, seasonal factors such as active FII inflows, abundant global and domestic liquidity as well as rising consumption trend, have investors glued to their stock holdings. Even volatility induced via profit booking is not hampering the market's up moves as every dip is seen as a buy in opportunity into the never ending bull run.
NYSE says no longer intends to delist 3 Chinese telecom players
Meanwhile, the NYSE Regulation division will continue to evaluate the applicability of a federal government's executive order to the issuers and their continued listing status, said the NYSE. The NYSE said last week that it has started the process of delisting the American Depositary Shares (ADSs) issued by the three telecom firms, invoking an executive order signed in November 2020.
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