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Rising fuel costs put brakes on CV financing

Mumbai: Bank lending to the commercial vehicle (CV) segment faces increasing pressure as the ongoing Iran war has sparked a surge in fuel costs and operating expenses for fleet operators across India.Higher fuel prices are inflating overall logistics costs, prompting fleet owners to defer new vehicle purchases and slowing credit offtake for CV loans. Small fleet operators face the twin threats of compressed cash flows and weakening repayment capacity, a combination that analysts warn could accelerate delinquencies in a segment already showing early signs of stress."We are already seeing customers postpone purchases due to prevailing uncertainty, which is likely to significantly impact fleet utilisation," the head of micro, small and medium enterprises lending at a leading private sector bank said on condition of anonymity. "Any increase in retail diesel prices will sharply affect the commercial vehicle segment, particularly lower-end vehicles. With India's exports cl...
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Senior exits shake up Deloitte M&A biz

New Delhi: Deloitte has lost senior executives in recent weeks amidst an influx of dealmakers from rival firms that changed its approach to the mergers and acquisitions advisory business, according to people familiar with the matter.Executives who quit include Rajesh Aggarwal, head of debt advisory, Ruchi Sarna, national head of consumer investment banking, and Suresh Atal, a senior partner in transaction advisory, multiple sources said.Their departure could lead to a movement of more executives as typically such moves at professional services firms trigger team movements, sources added.Aggarwal and Atal are likely to move to PwC while Sarna is also expected to move to a rival outfit.PwC recently named Anmol Bhandari, a former Deloitte executive, as head of its transaction services vertical.Deloitte has shifted its focus in mergers and acquisitions advisory to deals above $250 million in value after the firm brought in Rohit Berry from KPMG as president of that vertical about two years...
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Burmans raise stake in Religare to 30%

New Delhi: The Burman family has increased their stake in Religare Enterprises to about 30% in the past month through open market purchases following a restructuring announcement by the company in mid-February, as per multiple stock exchange filings.Purchases were made by investment companies they control and also by certain family members directly, data showed.Burmans are the promoters of consumer goods company Dabur. They also co-own Indian Premier League team Punjab Kings.They acquired 13 million shares in Religare Enterprises between March 18 and March 27, as per data. This took their ownership to more than 100 million shares. Religare has 332.7 million shares outstanding.On February 15, Religare Enterprises announced that it was transferring its lending, investment, broking, ancillary and support services into Religare Finvest. The entity would be listed and shareholders of Religare Enterprises would be offered shares in Religare Finvest in a ratio of 1:1.Religare Enterprises woul...
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Rollout of all 4 labour codes likely in April

New Delhi: The Centre has firmed up the rules under all four labour codes and could notify them shortly for implementation in April, officials said.A senior government official told ET that the labour and employment ministry has finalised the rules and these will be notified soon after vetting by the law ministry. The four codes-the Code on Wages, the Code on Social Security, the Industrial Relations Code, and the Occupational Safety, Health and Working Conditions Code-have streamlined India's regulatory framework by consolidating 44 labour laws to 29 provisions.The government had notified the labour codes with effect from November 21, 2025, and had put out the draft rules across the 4 codes in public domain for consultation as mandated by law.Views were received till January, after which they were considered by the ministry to finalise the rules in the central sphere.The rules, once notified, will pave the way for social security for unorganised workers, including gig and platform...
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Indian MALE drone plan feels war heat, gets delayed

from Economic Times https://ift.tt/vRONdTt
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New airport brings a $1 bn plot twist for Noida

Jewar’s realty market is flying high as the much-awaited Noida International Airport (NIA) was inaugurated by Prime Minister Narendra Modi on Saturday. An investment of nearly Rs 11,200 crore ($1.2 billion) has been made in the first phase of the project, which will handle 12 million passengers annually. Once fully developed, the airport will have a total capacity of 70 million passengers.Billed as India’s largest upon completion, the six-runway airport is planned across 7,200 acres and counts Zurich Airport International AG as its sole investor.ALSO READ: PM Modi inaugurates Noida International Airport, Delhi-NCR’s second international airport at JewarIt is one of the biggest projects in India’s infrastructure overhaul that has seen billions being poured into building bridges, highways, ports and airports. The success of large-scale projects with foreign investment, such as the Jewar airport, is crucial for India’s economy to continue attracting overseas capital.The Jewar facility is ...
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Who was Vijaypat Singhania?

from Economic Times https://ift.tt/c65zDZ4
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