Maruti Escudo: Suzuki plans Creta, Seltos rival to slot between Brezza & Vitara. Check launch details, expected price, and features
Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
More
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Parliament Watch: India finds 7.23 MT rare earth reserves; NH build pace slows, key infra updates shared in Parliament
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The rare earth element resources estimated by the Atomic Minerals Directorate for Exploration and Research (AMD), a unit of the Department of Atomic Energy (DAE), is around 7.23 million tonnes in-situ Rare Earth Elements oxide (REO) contained in 13.15 million tonnes monazite, a mineral of Thorium and Rare Earths occurring in the coastal beach, red sand and inland alluvium in parts of Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat and Maharashtra, minister Jitendra Singh informed the lower house. Around 1.29 million tonnes in-situ REO resource in hard rocks in parts of Gujarat and Rajasthan. Additionally, Geological Survey of India (GSI) has augmented 482.6 Mt resources of REE ore at various cut-off grades in 34 exploration projects. Coal India Ltd has received 186 consumer grievances, other than that of the Comptroller and Auditor General, related to coal quality issues since July 2023, minister G Kishan Reddy said. Out of them, 171 grievances have been resolved, he informed the Lok Sabha. Resolution of these grievances is a continuous process and is as per established procedure, he Dehradun-Delhi access controlled highway with a total capital cost of `11,868.6 crore is targeted for completion by October 2025, road transport and highway minister Nitin Gadkari said on Wednesday in response to a question in Rajya ministry of skill development and entrepreneurship (MSDE), in collaboration with the World Economic Forum (WEF) is working on India Skills Accelerator initiative to close skilling gaps through inclusive upskilling and reskilling, mobilizing investment in lifelong learning, and fostering government industry collaboration, Jayant Chaudhary, minister of state (independent charge), MSDE said in response to a question in Rajya Sabha on government has constructed 10,660 km of length of national highways (NHs) during 2024-25 or 29 km per day, road transport and highway minister Nitin Gadkari said in response to a question in Rajya Sabha on Wednesday. This is the second lowest pace of construction in the last five years, lowest being 28 km per day in 2022-23.
Time of India
2 hours ago
- Time of India
Yes Bank awaits SMBC entry for top deck recast
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: Succession planning at Yes Bank, where Sumitomo Mitsubishi Banking Corp ( SMBC ) has entered into binding deals to buy at least 20% equity, will get a clearer shape once the stake purchase by the Japanese investor is concluded, Prashant Kumar Yes Bank 's managing director and chief executive officer, told ET in an interview."We had applied for a six-month extension (for the current leadership), and the thought process is that since the new investors will be joining the board, they should have an opportunity, and the board can collectively discuss and decide the best way forward," Kumar tenure has been extended by the regulator for a period of six months with effect from also said SMBC had already applied to the Reserve Bank of India (RBI) to acquire a 20% stake from SBI and other banks that came together to bail out the private lender five years ago, after the regulator had ordered its board to be superseded just before the Covid has already applied to the antitrust regulator, the Competition Commission of India (CCI), for buying the Yes Bank stake, Kumar said."They (SMBC) have already made an application to the CCI," Kumar said. "We expect once these two approvals come, then this transaction would be finalised."The Japanese lender's initial application to the RBI was itself for buying 25% ownership, allowing SMBC to immediately increase stake further once the regulatory approvals are in place, ET reported on July Kumar said the September quarter would be the most challenging for the banking sector as credit growth remains sluggish and the full impact of the repo rate cut begins to flow through the system, weighing on margins."Q2 would be the toughest quarter for the entire banking industry, because the 50-bps rate cut would lead to repricing of the entire loan book linked to external benchmarks, though deposits will take some time to reprice," Kumar said. "Quarter three onwards I think it would stabilise, if there is no further rate cut."Sixty percent of Yes Bank 's loan book is linked to external benchmarks, 10% to the marginal cost of funds-based lending rate (MCLR), and the remaining 30% comprises fixed-rate also expressed concern over weak credit demand in the economy. The bank's advances grew at a modest 5% in the June quarter, while deposits rose by 4%."Demand (credit) is low, corporates are either accessing the debt or the overseas market, they have a good balance sheet, they are sitting with the cash, so reliance on the bank loans have come down on the corporate side," he said.
Time of India
2 hours ago
- Time of India
IndiQube signs 320k sq ft lease in Bengaluru
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Bengaluru: IndiQube Spaces has leased approximately 320,000 sq ft spread across three towers in the Central Business District (CBD) of Bengaluru in a strategic move to deepen its footprint in India's largest flexible workspace space, branded as IndiQube Symphony, is part of a renovate-and-upgrade project secured on a 15-year development is part of IndiQube's broader strategy funded through Rs 650 crore being raised from an IPO, of which '462.6 crore has been earmarked for capex.
