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Home > Calcutta [Kolkata]
Calcutta [Kolkata]
Microfinance is growing at 48 per cent CAGR in the last five years, there is still room for growth given that microfinance penetration is 25 per cent of the addressable market, KPMG India national head (Financial Services) Gayathri Parthasarathy said in the report.
Room for strong growth for microfinance in India: KPMG
19 Dec 2019 11:51 AM

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35 per cent.

Experts point out that heavy rain damaged the kharif oilseeds, especially soybean. Slow sowing in the current rabi season has triggered an upward trend in oil and oilseeds prices. Mustard, a crucial rabi oilseed, is sown during September-October and harvested from February, is also affected. Analysts feel oil and oilseeds prices may go up in the coming days. Mind you that prices of mustard seed have already soared to Rs 300 per quintal and soybean rates jumped by around Rs 400 per quintal.
After onion, it’s turn of edible oil to give price shock
09 Dec 2019 2:25 AM

That's not all. Low productivity and heavy rainfall damage to crops in India is adding to the consumers' woes.

Besides, the RBI would do away with the requirement of escrow accounts to be operated by a bank promoted trustee for fund transfer.
P2P lending limit raised to Rs 50 lakh
06 Dec 2019 1:53 AM

P2P lending limit raised to Rs 50 lakh

The phase-I is expected to be completed by March 2020. It will be followed by four more phases continuing year wise till March 2024. These phases would involve increasing the number of digitized publications by processing 100 volumes of collected works of Mahatma Gandhi, each volume containing several letters, speeches, chapters, etc. and further scaling up the social network construct for all of these hundred books.
Gandhi-giri comes full circle with bots and artificial intelligence
04 Dec 2019 1:34 AM

We will initially use his book My Experiments with Truth for reconstructing the social network: Prof Animesh Mukherjee.

The Centre had earlier set an export target of 6 million MT for sugar. But now, given the current situation, India is expected to export 3.5 million MT of sugar during SY2020. (Photo: AFP)
Estimates of 2020 sugar production, exports vary
02 Dec 2019 2:20 AM

In sync with the lower projected output, export projection has also been brought down.

Little wonder therefore that Emirates is using this popular buttery nut extensively in its international and regionally inspired cuisine, gracing its sumptuous dishes, beginning on November 23, the World Cashew Day.
Emirates offers Indian cashew delicacies to pax
27 Nov 2019 1:33 AM

This is not counting the tonnes of cashews the airline buys to include in its regional and international dishes, Emirates spokesperson added.

The NSO data suggests that the percentage of women in regular wages or as salaried employees has gone up to 58.2 per cent in the quarter ending March 2019, vis-a-vis 56.1 per cent in the year 2018, indicating a rise of 2.1 per cent in women’s employment in urban India. Compared to this, the rise in men’s employment for the same period stood at 1.5 per cent—46.4 per cent in 2018 and 47.9 per cent for the quarter ending March 2019.
Women’s employability sees uptick
27 Nov 2019 1:08 AM

Barriers for increased women’s workforce participation is found relatively more in semi-urban and rural areas.

The overall market of Katha, a vital ingredient for pan masala, is estimated to be nearly Rs 2,000 crore, which is dominated by the unorganized sector. At present, IWP has a market share of 35 per cent in the organised segment.
Indian Wood Products to invest in Kashmir
19 Nov 2019 2:05 AM

The overall market of Katha, a vital ingredient for pan masala, is estimated to be nearly Rs 2K crore, which is dominated by the unorganized sector.

In stark contrast, domestic PE funds pumped nearly $2.4 bn into Indian real estate since 2015, of which nearly 71 per cent (nearly $1.7 bn) went to the housing sector.
Realty space gets $14 billion foreign private equity flows in five years
19 Nov 2019 2:04 AM

The commercial real estate segment, on the other hand, delivered a comparatively stellar performance in the last five years.

Srei Infra’s total consolidated income for the quarter stood at Rs 1,424.18 crore as against Rs 1,537.43 crore recorded during the year-ago quarter.
Srei focuses on co-lending biz; PAT down
13 Nov 2019 1:35 AM

The company's consolidated PAT was at Rs 98.04 crore in the first six months of this financial year against Rs 250.52 crore last year.

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