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Budget 2025: MSME definition revision a ‘good decision,’ says India Inc; seeks more ‘aha moments’ for ease of doing business

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Govt keeps eye on rate transmission

Govt keeps eye on rate transmission

New Delhi: The government is closely monitoring lenders to ensure they pass on rate cuts announced by the central bank. A senior government official said they will hold discussions with banks if such transmission is not reflected in the next few weeks.“There is no stipulated timeline. Each bank’s asset-liability committee...

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NetSuite opens data centres in Mumbai, Hyderabad; aims to tap Indian SMBs

NetSuite opens data centres in Mumbai, Hyderabad; aims to tap Indian SMBs

NetSuite, an American cloud-based enterprise software company that offers products and services designed for small and medium-sized businesses (SMBs), announced the opening of data centers in Mumbai and Hyderabad on Wednesday. The move aims to support its expanding customer base in India and enhance its global footprint.“I am excited to...

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Lenders chase medium-term deposits for liquidity cover

Lenders chase medium-term deposits for liquidity cover

Kolkata: Banks are tuning their deposit mobilisation strategy to shore up the medium-term maturity bucket in a bid to comply with the proposed liquidity coverage ratio (LCR) rules. The move also helps lenders balance asset-liability management better. “As LCR looks at potential outflows in a span of one month for...

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