Bengaluru, Apr 21 (KNN) The Karnataka Small Scale Industries Association (KASSIA) has expressed concern over a recent order by the Karnataka Electricity Regulatory Commission (KERC) approving an additional 56 paise per unit ‘true-up’ charge for consumers under Bangalore Electricity Supply Company (BESCOM), effective May 1, 2026. The charge is aimedContinue Reading
New Delhi, Apr 21 (KNN) Significant foreign ownership can support the credit profiles of Indian financial institutions by providing long-term capital, funding flexibility, and, in some cases, improved governance standards, Fitch Ratings said on Tuesday. However, the agency cautioned that foreign shareholding alone is not a reliable indicator of strongerContinue Reading
New Delhi, Apr 21 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra has underlined the significant impact of the ongoing crisis in West Asia on India’s economy, citing the country’s deep trade and energy linkages with the region. “Coming to the present crisis, it particularly impacts us as WestContinue Reading
New Delhi, Apr 22 (KNN) Luminous Power Technologies has signed a memorandum of understanding (MoU) with Small Industries Development Bank of India (SIDBI) to enhance access to affordable solar financing for micro, small and medium enterprises (MSMEs) across the country. The collaboration aims to simplify financing for solar energyContinue Reading
New Delhi, Apr 22 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra said that the recent short-term fluctuations such as net FDI outflows and exchange rate movements are cyclical in nature and are being closely monitored. Speaking at a roundtable hosted by the Consulate General of India in NewContinue Reading
New Delhi, Apr 22 (KNN) India and South Korea have signed a Memorandum of Understanding (MoU) to strengthen bilateral cooperation in the micro, small and medium enterprises (MSME) sector, marking a key step in expanding economic ties between the two countries. The agreement was finalised on April 20, 2026,Continue Reading
New Delhi, Apr 22 (KNN) India’s fiscal deficit could exceed the budgeted target in FY2026–27 due to policy responses to the ongoing crisis in West Asia, according to research firm BMI. The government had projected a fiscal deficit of 4.3 per cent of GDP for FY2026–27, marginally lower than theContinue Reading
