Naukariadda

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Mumbai: Bank loans given against fresh foreign currency non resident (bank) (FCNR (B)) deposits raised between June 8 and September 30 will not be included in the net bank credit and will hence be exempted from mandatory priority sector calculations, RBI said in a notification.Advances against NRE term deposits raised by banks between June 19 and September 30 will also be excluded from these calculations, RBI said.The RBI had earlier also provided an exemption to banks from maintenance of cash reserve ratio (CRR) and statutory liquidity ratio (SLR) on fresh FCNR (B) deposits including deposits that are renewed upon maturity. Loans given against these deposits will also now be exempt from central bank norms. RBI rules say that a minimum of 40% of net bank credit must be made to so called priority sectors which include loans to agriculture, MSMEs, export credit, education, housing, weaker sections etc.The Reserve Bank of India's special measures to attract foreign exchange have broug...

London/Melbourne: Founders and CEOs of India's largest companies have routinely expressed concern about the country's widening skills gap, declining productivity, and the challenge of preparing young people for the workforce. Anand Mahindra, for instance, had warned that joblessness and unaddressed skill gaps could fuel social unrest. Yet, when such a 'prophesised' social unrest finally did erupt - in the form of NEET protests in support of Cockroach Janta Party (CJP) - Big Business kept quiet.At first glance, it might seem like businesses have nothing to do with the issues and demands raised by CJP. But businesses are, indeed, involved, at every stage. Two decades of extraordinary wealth creation by India Inc has not translated into employment at the scale needed to absorb a growing young workforce. The employment that has been generated is largely precarious and, in many cases, exploitative, especially in gig work that is yet to be provided the security of formal econ...

New Delhi: Vehicle registrations or retail sales by dealers rose 26% to 2.59 million units year-on-year in July, marking the best-ever performance for the month for two-wheelers, three-wheelers, passenger vehicles, commercial vehicles and tractors.The strong growth, however, came on a low base as automobile sales were sluggish last year in the run-up to the overhaul in goods and services tax (GST) rates with effect from September 22, 2025. Automakers dropped prices to pass on the lower GST rates, triggering a sales surge.Also Read: Alternative fuels now within striking distance of petrol in passenger vehicle market, says FADATwo-wheeler sales grew 28% year-on-year last month, per data collated by the Federation of Automobile Dealers Associations (Fada) from the road ministry's Vahan portal. Sales of three-wheelers, passenger vehicles, and commercial vehicles climbed 16%, 19% and 24%, respectively in July. "For the first time on record, every single category posted its best-eve...

Honeywell Aerospace shares plunged as much as 26% on Thursday after supply-chain problems prompted the company to cut its annual sales target and issue a weaker-than-expected profit forecast, Reuters reported.The stock was last down about 20% and headed for its worst session since its recent listing, if the losses held.The aerospace supplier, which began trading on the Nasdaq about a month ago following its spinoff from Honeywell, said supply constraints forced it to prioritise deliveries to Boeing and Airbus over its higher-margin aftermarket business.Honeywell Aerospace lowered its 2026 organic sales-growth outlook to 4%-5% from 7%-9% previously.The company expects adjusted earnings of $7.60-$7.90 per share for the year, significantly below analysts’ average estimate of $8.86, according to LSEG.JP Morgan reduced its price target from $255 to a Street-low $235, saying the stock’s “discount to peers is likely to widen following these results”. The brokerage added that repeated disappoi...

Retail investors flocked to SpaceX shares on Wednesday, buying the dip as the stock fell about 12% following the company’s first earnings report since going public, according to a Reuters report.Individual traders purchased a net $22.7 million worth of SpaceX shares in the first hour of trading, the third-highest opening-hour total in the 37 sessions since its market debut, the report said citing Vanda Research.“This tells us that retail dip-buying has not stepped back after the earnings sell-off — they’ve become even more opportunistic,” Vanda Research said in a note.The financial data firm said Wednesday was on track to become SpaceX’s second-strongest day of retail net buying since its debut if the pace continued. The record was set on June 16, when net purchases reached $144.6 million.SpaceX has not recorded a single day of net retail selling since its June 12 IPO, the largest in US history, which priced the stock at $135 per share. The shares fell as much as 12.9% and slipped belo...