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Small industries backbone of Indian economy: Rajnath Singh

Defence Minister Rajnath Singh emphasized the pivotal role of small industries in the country s economy, stating that they create more employment opportunities than larger companies. During the inauguration of the India Manufacturing Show in Bengaluru, Singh credited small industries with stabilizing the economy and ensuring a more equitable distribution of wealth. ....

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Axis Bank well capitalised with self-sustaining capital structure to fund growth: MD Amitabh Chaudhry

"Our overall capital adequacy ratio, including profit, stood at 17.84 per cent with a CET 1 ratio of 14.56 per cent. The Bank accreted 18 bps of CET-1 capital in Q2 FY24 and 54 bps in H1 FY24. Axis Bank is well capitalised with a self-sustaining capital structure for funding organic growth," he said. ....

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