- Pompeo heading to India, Indonesia to bolster support against China Malaysia Today 24 Oct 2020 20:37 Mike Pompeo will conclude his trip in Indonesia, which is also locked in territorial disputes with China. (AP pic) NEW DELHI: US Secretary of State of Mike Pompeo is flying to India next week to strengthen strategic ties with a nation that is locked in a …
- Rashtriya Janata Dal manifesto for Bihar polls: 10 lakh jobs, farm loan waiver 24 Oct 2020 19:17 PATNA: Rashtriya Janata Dal, which heads the opposition Grand Alliance coalition in the Bihar elections, released poll manifesto Saturday reiterating its promise of 10 lakh jobs and loan waiver for the farmers. The manifesto was released by Tejashwi Yadav …
- BJP Politicising Punjab Rape Case Due To Bihar Polls: Rahul Gandhi 24 Oct 2020 16:24 The Congress on Saturday accused the BJP of showing insensitivity towards the Hoshiarpur rape victim and said the ruling party was politicizing the issue due to Bihar elections. Congress leader Rahul Gandhi said that unlike the Uttar Pradesh government, …
- Who is eligible for compound interest waiver during moratorium and how much will be the benefit 24 Oct 2020 13:20 The government has announced guidelines for the waiver of compound interest that was payable by borrowers who had opted for moratorium on their loan equated monthly instalments (EMI) between March 1, 2020 and August 31, 2020. The central government had …
- Income tax return filing deadline for FY20 extended till Dec 31 24 Oct 2020 12:47 The income tax return (ITR) filing deadline for FY 2019-20 has been extended to December 31, 2020, for most individual taxpayers, from the earlier deadline of November 30, 2020. This the second time the tax filing deadline for FY20 has been extended. As …
- 'Everyone was troubled': Arvind Kejriwal pitches for 'free COVID vaccine distribution' across India 24 Oct 2020 10:52 By Online Desk A debate has started on whether the COVID-19 vaccine, once approved by ICMR, should be made available to people for free or not. This came right after the Bharatiya Janata Party (BJP) promised free doses of the vaccine in its manifesto for …
- Didn’t skip EMIs during lockdown? Get cashback from your bank 24 Oct 2020 10:24 The government on Friday spelt out the details of the waiver of interest on interest on loans up to Rs 2 crore where borrowers had taken moratorium during the lockdown and also made it clear that those who didn’t opt for it will get an ex gratia payment or …
- Loan moratorium: Finance ministry issues guidelines to implement interest waiver 24 Oct 2020 09:25 The Centre approved the scheme for ‘grant of ex-gratia payment of difference between compound and simple interest to borrowers of specified loan accounts’ from March 1-August 31. The ‘ex-gratia payment’ or the benefit will have to be routed through lending …
- Growth of data center market in India amid Covid19-led lockdown 24 Oct 2020 08:08 Indian data center market is witnessing robust growth in the era of virtualization and cloud computing. The data center market in India is expected to grow at 12% compound annual growth rate (CAGR) from 2019-2024 according to the Synergy Research Group. …
- Finance ministry issues guidelines to implement interest waiver on loans 24 Oct 2020 07:22 NEW DELHI : The finance ministry has issued guidelines for a scheme for grant of ex-gratia payment of difference between compound and simple interest to borrowers of specified loan accounts from March 1-August 31. The benefit will be routed through lending …
- NBFCs ask RBI again to open TLTRO window to access funds 24 Oct 2020 06:54 Mumbai: Nonbank finance companies (NBFCs) have again called on the Reserve Bank of India (RBI) to give them access to the on-tap TLTRO (targeted long term repo operations) window, which provides long-term funds to banks at the policy rate. Despite the RBI …
- Finance Ministry puts spoke in AP’s Polavaram wheel 24 Oct 2020 03:49 By Express News Service VIJAYAWADA: The approval of the Revised Cost Estimates (RCE) of the Polavaram Irrigation Project has returned to square one with the Union Finance Ministry saying only Rs 7,053.74 crore (at the 2013-14 price level) remains to be …
- In Digital India, SAAS firms are lapping up young execcutives 23 Oct 2020 23:16 Indian firms selling SAAS products have got a bonanza as companies meet, manage and sell remotely. The top five firms - Zoho, Freshworks, HighRadius, Druva, and Icertis - account for 33 per cent of the market share. Chennai, India's SAAS centre, alone …
- Vaccine populism: It endangers India’s painstaking Covid fight 23 Oct 2020 21:23 India’s too-big-to-fail Covid vaccine delivery mission has taken a political turn with Union finance minister Nirmala Sitharaman unveiling BJP’s Bihar election manifesto and promising free vaccines to everyone in the state. Comparatively well-heeled Tamil …
- BJP's use of COVID-19 vaccine as election sop ‘political immorality', says Anand Sharma 23 Oct 2020 18:12 New Delhi: Senior Congress leader Anand Sharma on Friday accused the BJP of "political immorality" for using the COVID-19 vaccine as an election sop and alleged that it was a violation of the model code for which the Election Commission should …
- Day trading guide: Bank Nifty may move towards 25,000-25,200 zone 23 Oct 2020 17:40 Amit Trivedi, YES Securities Nifty almost recovered prior week’s losses, gaining 1.6 per cent on weekly close. Since the past couple of days, Nifty is trading within a narrow trading band. However, throughout the week, it defended 11,800 on a closing basis …
- No solution in sight: Centre must borrow entire GST shortfall, opposition reiterates 23 Oct 2020 17:23 New Delhi: States governed by non-BJP parties have demanded that the Centre borrow the entire amount needed to meet the shortfall in Goods and Services Tax, not 1.1 lakh crore the finance ministry proposed. West Bengal, Kerala, Jharkhand, Chhattisgarh, …
- China not committed to curbing terrorism but using Pakistan as tool against India: Report 23 Oct 2020 17:23 WASHINGTON: Pakistan appears to be counting on China to diplomatically shield Islamabad from accountability for its terror activities while Beijing's desire is to use terrorism as a tool to counter India, according to Public Policy Researcher Michael …
- Believe it or not, engineers now call the shots in India's broking industry! 23 Oct 2020 17:22 Of late, the broking industry has been seeing mushrooming of technology-based discount brokers, who largely focus on having products that suit new-age investors. The biggest force helping the rising clout of engineers on Dalal Street has been the tech- …
- Centre likely to take key decisions on Air India divestment on Saturday 23 Oct 2020 14:41 The Centre's top group of ministers looking into Air India divestment is slated to meet on Saturday with the agenda ranging from extending the process to allowing greater debt re-structuring. These key decisions might come at a time when the divestment …
- Coronavirus India Live Updates: Active caseload below 7 lakh for first time after 2 months, Health Ministry says 23 Oct 2020 14:20 The Karnataka government Friday decided to reopen colleges (engineering, diploma, degree) from November 17. “Students can choose to attend offline, online or blended learning sessions. Batch strength will be decided based on prior registration. Task forces …
- Free vaccine promise cannot be legally faulted: Former poll panel chiefs 23 Oct 2020 14:05 New Delhi: Three former chief election commissioners on Friday said the BJP's move to promise free coronavirus vaccine to people in its manifesto for the Bihar assembly polls cannot be legally faulted. But, the move does raise ethical question as the …
- Didn't know 19 was a smaller number than 10: Chidambaram on BJP's 19 lakh jobs promise in Bihar 23 Oct 2020 14:05 New Delhi: Senior Congress leader P Chidambaram on Friday took a dig at the BJP for "mocking" RJD over its 10 lakh jobs promise and then itself talking about creating 19 lakh jobs in its Bihar election manifesto, saying he did not know that 19 …
- RBI board holds review meet to take stock of economic situation, other challenges 23 Oct 2020 13:38 Amid the uncertainties created by the coronavirus pandemic, the Reserve Bank's central board on Friday held a meeting to discuss, among other things, the economic situation and other challenges. The meeting, which was held through video conferencing, …
- Take the Barbell approach for a safety net in volatile markets 23 Oct 2020 13:37 We have taken the Barbell approach, with defensive sectors like pharma, IT and FMCG on one side and also economic recovery type sectors like banking, consumer discretionary, industrials and energy on the other side, says Andrew Holland, CEO, Avendus …
- Expert committee makes case for expanding scope of retail insurance business at GIFT city 23 Oct 2020 12:55 MUMBAI: Non-resident Indians (NRIs) and People of Indian origins (PIOs) may soon be able buy insurance and reinsurance products from companies having shops at the Gujarat International Finance Tec-City (GIFT), Prime Minister Modi’s pet project that aims to …
- WeWork India appoints new Chief Financial Officer, General Counsel 23 Oct 2020 12:19 Co-working major WeWork India on Friday said it has appointed Clifford Loboas Chief Financial Officer(CFO). It has also appointed Hiranmai Rallabandi as General Counsel while Santosh Martinhas been elevated toHead of Sales. "Clifford Lobohas been …
- Karnataka Govt Decides To Reopen Colleges From Nov 17 23 Oct 2020 11:46 The Karnataka government on Friday decided to reopen engineering, diploma and degree colleges that were shut for students due to the COVID-19 pandemic from November 17. "In a meeting that took place under the chairmanship of the Chief Minister it was …
- Deutsche Bank named Best International Trade Finance and Best Global (EUR and USD) Clearing Bank in Asia Pacific 23 Oct 2020 11:45 The FINANCIAL -- Deutsche Bank was named "Best International Trade Finance Bank" for the third year in a row, and "Best Global (EUR and USD) Clearing Bank" in Asia Pacific for the sixth consecutive year at The Asian Banker Transaction …
- Airtel Africa Q2 results: Net profit down 8.3% YoY as finance costs weigh 23 Oct 2020 10:04 New Delhi: Bharti Airtel’s Africa operations clocked in a net profit of $88 million for the second quarter this fiscal, down 8.3% year-on-year (YoY), hurt by higher net finance costs. Airtel’s profit after tax after exceptional items, however, grew 54.3% …
- Online Cheating Case: J&K Govt Summons FB India Head To Appear In Person 23 Oct 2020 09:19 WhatsApp Facebook Twitter Email 1Shares Jammu- The Jammu and Kashmir government on Thursday summoned the Facebook India managing director and other officials to appear before the adjudicating officer on November 12 in connection with a complaint of an …
- Covid-19: New cases in India below 60,000 for 5th ... 23 Oct 2020 07:33 India has reported below 60,000 new coronavirus cases for a fifth day as the promise of a free Covid-19 vaccine turned into a key state election issue. The Health Ministry says 54,366 new cases have taken the overall tally past 7.7 million on Friday. It …
- Stocks in the news: YES Bank, Nestle India, TechM, Asian Paints and Reliance Power 23 Oct 2020 06:47 Nifty futures on the Singapore Exchange traded 10 points, or 0.08 per cent lower at 11,882.50, in signs that Dalal Street was headed for a muted start on Friday. Here are a few stocks which may buzz the most in today's trade: Earnings Today: Nestle …
- Buy Bajaj Finance, target price Rs 3410: Kotak Securities 23 Oct 2020 06:38 Kotak Securities has given a buy rating to Bajaj Finance with a target price of Rs 3410. The share price moved up by 0.64 per cent from its previous close of Rs 3313.15. The stock’s last traded price is Rs 3334.25. Bajaj Finance Ltd., incorporated in the …
- New cases in India below 60,000 for 5th day 23 Oct 2020 05:21 Two city police officers patrol the Navigli area, a popular evening spot of restaurants and pubs bordering canals in Milan, Italy, Thursday, Oct. 22, 2020. Authorities in regions including Italy's three largest cities have imposed curfews in a bid to …
- The Latest: New cases in India below 60,000 for 5th day 23 Oct 2020 05:07 NEW DELHI — India has reported below 60,000 new coronavirus cases for a fifth day as the promise of a free COVID-19 vaccine turned into a key state election issue. The Health Ministry says 54,366 new cases have taken the overall tally past 7.7 million on …
- Asia Today: Vaccine promise is election issue in India state 23 Oct 2020 04:45 Updated 11:33 pm CDT, Thursday, October 22, 2020 Members of the festival organizing team at the Kali Bari Hindu temple pray via live transmission on the first day of Durga Puja celebrations in New Delhi, India, Thursday, Oct. 22, 2020. Most of the festival …
- RBI revises norms for housing finance firms 23 Oct 2020 02:07 Home financiers must have at least 60% of all their assets in housing finance by 31 March 2024, with individual loans making up at least 50% of all assets, the Reserve Bank of India (RBI) said. By March 2022, they must have 50% in housing finance and 40% …
- Pernod Ricard reports 13% dip in India sales 22 Oct 2020 16:58 New Delhi: French spirits company Pernod Ricard that sells the popular Blenders Pride and Absolute Vodka brand of alcoholic beverages reported a double-digit decline in India business for the three months ended 30 September, 2020 the liquor major said in …
- RBI pegs minimum NOF for housing finance companies at Rs 25 crore 22 Oct 2020 16:28 Mumbai: The Reserve Bank of India (RBI) on Thursday fixed the minimum Net Owned Fund (NOF) size for housing finance companies at Rs 25 crore. The housing finance companies (HFCs) holding a Certificate of Registration (CoR) and having an NOF of less than Rs …
- India makes plans to vaccinate its vast population 22 Oct 2020 16:17 New Delhi — India’s government has set aside about 500-billion rupees ($7bn) to vaccinate the world’s second most populous country against the coronavirus, according to people with knowledge of the matter. Prime Minister Narendra Modi’s administration …
- RBI pegs minimum NOF for housing finance companies at Rs 25 cr 22 Oct 2020 16:11 The Reserve Bank of India (RBI) on Thursday fixed the minimum Net Owned Fund (NOF) size for housing finance companies at Rs 25 crore. The housing finance companies (HFCs) holding a Certificate of Registration (CoR) and having an NOF of less than Rs 25 …
- NextFins Launches Nifty India Financials ETF, ‘INDF’ 22 Oct 2020 16:11 On Wednesday, NextFins announced the launch of the Nifty India Financials ETF (INDF), which is now available for trading. INDF will trade in US Dollars during US market hours. The Nifty India Financials ETF seeks to provide investment results that, before …
- Ex-Indian Finance Minister in Dig at Modi: Economy Not Circus Lion That Will Respond to Ringmaster 22 Oct 2020 16:00 India 07:32 GMT 22.10.2020(updated 11:37 GMT 22.10.2020) Get short URL The Indian government has announced total stimulus worth $298 billion since the COVID-19 pandemic broke out. The Indian Finance Ministry recently said that the government is working on …
- RBI revises rules for housing finance companies 22 Oct 2020 15:54 Mumbai: The Reserve Bank of India has prescribed that housing finance companies should have atleast 60% of total assets towards housing finance by 31 March 2024. Following the review of the regulatory framework for HFCs, the central bank said that these …
- Outcry in India as Modi's ruling party offers 'free vaccines' in election manifesto 22 Oct 2020 15:04 India’s ruling party has sparked an outcry by including a pledge to offer “free vaccines” in its election manifesto for a crucial upcoming state election. Senior figures from Narendra Modi’s BJP are campaigning hard in the populous eastern state of Bihar, …
- L&T Finance Q2 results: Net profit rises 52% to Rs 265 crore 22 Oct 2020 14:58 Mumbai: L&T Finance Holdings on Thursday reported a 52% rise in its September quarter profits at Rs 265 crore versus Rs 174 crore a year earlier. The non-bank lender said it had registered better than expected revival in its rural and infrastructure …
- India has set aside $7 billion to vaccinate the... 22 Oct 2020 13:30 22 Oct 2020 - 15:28 Women wearing protective face masks commute in a suburban train after authorities resumed the train services for women passengers during non-peak hours, amidst the coronavirus disease (COVID-19) outbreak, in Mumbai, India, October 21, …
- Exclusive: India means business, says minister... 22 Oct 2020 12:51 Indian Minister of State for Finance and Corporate Affairs Anurag Thakur is bullish on the country's growth story despite the economic havoc caused by the pandemic. Export-oriented growth is the focus. "We invite the UAE and the world to invest in …
- India sets aside $7 bn to vaccinate the world's second biggest population against coronavirus 22 Oct 2020 11:09 By Siddhartha Singh Government has set aside about Rs 50,000 crore ($7 billion) to vaccinate the world’s most populous nation after China against the coronavirus, according to people with knowledge of the matter. Prime Minister Narendra Modi’s …
- Buy Bajaj Finance, target price Rs 3850: ICICI Direct 22 Oct 2020 07:33 ICICI Direct has given a buy rating to Bajaj Finance with a target price of Rs 3850. The share price moved up by 1.25 per cent from its previous close of Rs 3233.25. The stock’s last traded price is Rs 3273.70. Bajaj Finance Ltd., incorporated in the year …
- Bajaj Finance falls out of analysts’ favour as AUM, profit growth suffer 22 Oct 2020 07:32 NEW DELHI: Most analysts on Dalal Street were disappointed by the September quarter earnings report announced by Bajaj Finance and see the stock performance to suffer in tandem with declining profits. The NBFC on Wednesday posted a 35.94 per cent year-on- …
- India at doorstep of economic revival, says RBI Governor Shaktikanta Das 22 Oct 2020 04:07 Indian economy is nearing revival from the COVID-19 pandemic, said Reserve Bank of India (RBI) Governor Shaktikanta Das, adding it is very important that the financial entities have adequate capital. Das, speaking at the launch of the book 'Portraits …
- Why analysts are upbeat on Bajaj Finance even after a fall in Q2 profits 21 Oct 2020 23:13 Analysts said Bajaj Finance results underline the changed landscape in terms of business traction as well as cautious stance of the management. Near term profits and asset quality could be impacted due to pandemic but the business strengths of the company …
- The many bright spots on India’s innovation horizon 21 Oct 2020 20:25 Recognising the potential, the government is putting in place a framework of collaboration, facilitation and regulation Innovation rearranges existing elements into permutations and combinations that benefit society. In his Brāhmaphutasiddhānta, …
- Equitas Small Finance Bank IPO subscribed 67% on second day of bidding 21 Oct 2020 18:22 The initial public offer of Equitas Small Finance Bank was subscribed 67 per cent on the second day of bidding on Wednesday. The IPO received bids for 7,80,26,850 shares against 11,58,50,001 shares on offer, according to data available with the NSE. The …
- Government Working on Next COVID-Stimulus to Support Economy - India's Economic Affairs Secretary 21 Oct 2020 17:12 India 10:48 GMT 21.10.2020(updated 17:02 GMT 21.10.2020) Get short URL The Indian government has announced two economic stimuli since March when a national lockdown was imposed because of the COVID-19 pandemic. In total, the government has doled out …
- India at doorstep of revival process, says RBI governor Shaktikanta Das 21 Oct 2020 16:27 Oct 21, 2020, 09:15PM ISTSource: TOI.inReserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said that the Indian economy, which has been battered by the ongoing coronavirus pandemic, is at the doorstep of revival. Speaking at the launch of the …
- Cabinet approves mutual recognition pact between India's ICAI and Malaysia's MICPA 21 Oct 2020 16:04 NEW DELHI: The Union Cabinet on Wednesday approved the mutual recognition agreement between the Institute of Chartered Accountants of India (ICAI) and Malaysian Institute of Certified Public Accountants (MICPA). This would enable appropriately qualified …
- India at 'doorstep of revival process' from COVID-19: RBI chief Shaktikanta Das 21 Oct 2020 15:48 "It's very important that the financial entities have adequate capital (to support growth)," he said. Many of them have already raised capital and others are planning, he mentioned, adding they would certainly do so in the coming months. Both …
- Surge in Q2 provisions hurts Bajaj Finance's bottomline: Key takeaways 21 Oct 2020 14:31 MUMBAI: Higher provisioning to tide over the Covid-19 crisis weighed on Bajaj Finance’s September quarter performance, however, cost-cutting helped the company's bottom line. The stock ended 0.88 per cent lower at Rs 3233.25 on the BSE as the largest …
- Bajaj Finance Q2 results: Net profit drops 36% to Rs 965 crore 21 Oct 2020 14:31 Mumbai: Pune based Bajaj Finance reported a 36% drop in net profit to Rs 965 crore for the quarter ended September 30 from Rs 1506 crore a year as the company ramped up provisions to deal with likely stress emerging due to the economic slowdown caused by …
- Samsung unveils interactive e-catalogue for safe shopping in India 21 Oct 2020 13:44 Samsung unveils interactive e-catalogue for safe shopping in India. Samsung on Monday announced an interactive e-catalogue for its diverse portfolio of products aimed at providing a safe and enhanced buying experience for consumers in India. Through the e- …
- Bajaj Finance: Expect improvement from Q3, Q4 onwards 21 Oct 2020 12:57 There could be a little bit of speed breakers in the path of recovery for Bajaj Finance, says Gaurang Shah, VP, Geojit Financial Services. On Bajaj Finance numbers Post the first quarter numbers, the commentary from the management was that for the second …
- Govt may extend deadline for Air India bid to further sweeten deal 21 Oct 2020 12:42 The government may further extend the date for submission of bids for Air India sale date beyond October 30 to give investors more time to make an offer while sweetening the deal terms further, finance minister officials privy to the development said. The …
- Indian government working on next stimulus package: Finance Ministry official 21 Oct 2020 12:14 Surendra Sachdeva36 minutes ago Revival of Autu,infra,reality sector urgently reqd as it will generate millions of job.All ministry sitting on vehicle scrappage policy since March 2020.It is not understood why all big one announces several times that it …
- Air India privatisation: Bidding deadline likely to be extended to Dec 15 21 Oct 2020 10:16 The government is likely to extend the deadline for submission of bids for privatisation of Air India yet another time till December 15. The last date for submission of bids is October 30. Earlier, while issuing a corrigendum to the bid documents, the …
- ‘Our Only Competition Is Poverty’: How Avanti Finance Aims To Create a ‘Population-Scale’ Digital Microfinance Platform in India 21 Oct 2020 10:15 India has long been a hotbed of digital innovation – particularly in the financial inclusion space. Avanti Finance is an emerging innovator in the sector, with a digital lending platform that aims to bring affordable microfinance to even the poorest …
- Bajaj Finance Ltd Q2FY21 consolidated PAT at Rs. 964.88 crore 21 Oct 2020 08:31 Bajaj Finance Limited has reported financial results for the period ended September 30, 2020. Financial Results (Q2 FY20-21) - QoQ Comparison The company has reported total income of Rs.6523.29 crores during the period ended September 30, 2020 as compared …
- A missed opportunity: ITC could build India's digital, agri-business model 21 Oct 2020 05:37 Although one in four of all adult Indians use tobacco, the country’s addiction runs far deeper. The government, too, has a toxic dependence. It’s called ITC Ltd. Formerly known as Imperial Tobacco of India, later renamed India Tobacco Company, and finally …
- Stocks to Watch: Reliance Ind, Prabhat Dairy, Bajaj Finance, Motherson Sumi 21 Oct 2020 03:49 At 8:55 am, the Singapore-traded SGX Nifty rose 36-odd points to 11,943 levels, indicating a firm start for the Indian indices today. Here is a list of stocks that may trade actively today: Reliance Industries: Reliance Jio and Qualcomm Technologies Inc …
- Stocks in the news: Bajaj Finance, UltraTech Cement, Bajaj Finserv, Vedanta & GMM Pfaudler 21 Oct 2020 03:15 Nifty futures on the Singapore Exchange traded 24 points, or 0.36 per cent higher at 11,931.50, in signs that Dalal Street was headed for a positive start on Wednesday. Here are a few stocks which may buzz the most in today's trade: Earnings today: …
- Maldives: Yameen camp’s efforts to take ‘India out’ campaign to Parliament fails 20 Oct 2020 20:30 by N Sathiya Moorthy 19 October 2020 After failing to arouse public enthusiasm for their ‘India out’ campaign, Opposition PPM-PNC combine, identified with the jailed former President Abdulla Yameen, has tried to raise it in Parliament. However, the …
- Equitas Small Finance Bank IPO subscribed 39% on first day of bidding 20 Oct 2020 17:11 The initial public offer of Equitas Small Finance Bank was subscribed 39 per cent on the first day of bidding on Tuesday. The Rs 517-crore IPO received bids for 4,54,01,850 shares against 11,58,50,001 shares on offer, as per data available with the NSE. …
- Jana Small Finance Bank opens 500th branch, plans 600 by March next year 20 Oct 2020 17:04 Small finance lender Jana Small Finance Bank on Tuesday opened its 500th branch in Amruthahalli, Bangalore and said it will convert its remaining asset centres into bank branches to have over 600 branches by March next year. The lender caters to 40 lakh …
- Jana Small Finance Bank plans 600 branches by March next year 20 Oct 2020 16:53 Mumbai: Small finance lender Jana Small Finance Bank on Tuesday opened its 500th branch in Amruthahalli, Bangalore and said it will convert its remaining asset centres into bank branches to have over 600 branches by March next year. The lender caters to 40 …
- You will never get a loan to fund your retirement, says Ajit Menon of PGIM India Mutual Fund 20 Oct 2020 16:21 Retirement tops the agenda of ETMutualFunds.com readers. We receive several queries on our official Facebook page everyday on retirement. That is why PGIM Indian Mutual Fund Retirement Readiness Survey 2020 is extremely important to us. We reached out to …
- Shriram Transport Finance raises Rs 100 crore via NCDs 20 Oct 2020 15:19 New Delhi: Shriram Transport Finance Company (STFC) on Tuesday said it has raised Rs 100 crore by issuing bonds on private placement basis. The allotment committee of the company in its meeting held on Tuesday, approved and allotted senior, secured rated, …
- Bajaj Finance Q2 preview: Profit growth to take a sharp downturn on cautiousness 20 Oct 2020 15:17 NEW DELHI: The bottomline of non banking finance company (NBFC) Bajaj Finance is likely to see a sharp drop in growth during the September quarter, when the company announces earnings on Wednesday, say analysts. Analysts highlighted that Bajaj Finance’s …
- Bank of Baroda, Toyota Kirloskar Motor Sign MoU for Customer, Dealer Finance 20 Oct 2020 12:55 Bank of Baroda, India's third largest public sector bank, today announced a Memorandum of Understanding with Toyota Kirloskar Motor (TKM) to enable finance options for both - its customers and dealers - across a vast number of cities and towns in India …
- Muthoot Finance revamps its Corporate Website 20 Oct 2020 12:55 In line with its belief - Life Mein Aagey Badhiye, Muthoot Finance, the financial services conglomerate and flagship company of The Muthoot Group, has taken yet another leap in the Digital world with their new website launch. A brand known to inspire …
- Equitas Small Finance Bank (ESFB) - Subscribe - YES Securities 20 Oct 2020 12:52 Price Band Rs32-33 - IPO Size Rs5.1-5.2bn (Fresh Issue Rs2.8bn) Promoter's stake (Equitas Holding Ltd.) to decline from 95.5% pre-issue to 82.1% post-issue A diversified and growing SFB franchise - The promoter, Equitas Holdings Limited (EHL) was …
- Equitas Small Finance Bank finalises allocation of 4-crore equity shares to anchor investors 20 Oct 2020 10:04 The Listing Committee of the Board of Directors of Equitas Small Finance Bank (ESFB) has finalised the allocation of about 4.23 crore equity shares to 35 anchor investors at the price of ₹33 per equity share (including a premium of ₹23 per equity share), …
- IndoStar Capital Finance appoints Deep Jaggi as chief business officer 20 Oct 2020 09:54 BENGALURU: Non-banking finance company IndoStar Capital Finance (ICFL) has announced the appointment of Deep Jaggi as its chief business officer, said a statement issued today. He will be based out of the Mumbai office and report to R Sridhar, executive …
- Equitas Small Finance Bank Limited raises Rs 139.68 Cr from 35 anchor investors ahead of the IPO 20 Oct 2020 08:55 Equitas Small Finance Bank Limited (the "Company'), the largest SFB in India in terms of number of banking outlets, and the second largest SFB in India in terms of assets under management and total deposits in Fiscal 2019. (Source: CRISIL Report), …
- Modi govt to ask Coal India, NTPC among others for cash via buybacks 20 Oct 2020 08:18 India is planning to ask some state-owned companies to repurchase shares to help the government shore up its finances amid the coronavirus pandemic, according to a person with knowledge of the matter. Coal India Ltd., NTPC Ltd., NMDC Ltd., MOIL Ltd., KIOCL …
- Equitas Small Finance Bank IPO subscribed 13% on Day 1 so far, grey market premium tepid 20 Oct 2020 08:10 NEW DELHI: The Rs 518 crore initial public offer (IPO) by Equitas Small Finance Bank (SFB) was subscribed 13 per cent on Day 1 of the bidding process so far. By 11.30 am, the IPO had received bids for 1,44,83,700 shares compared with the issue size of 11, …
- Finance Minister Smt. Nirmala Sitharaman holds 4th review meeting on CAPEX of CPSEs 20 Oct 2020 07:00 Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman today held Video Conference with Secretaries of the Ministries of Petroleum & Natural Gas and M/o Coal, along with the CMDs of 14 CPSEs belonging to these Ministries, to …
- IPO Review - Equitas Small Finance Bank - ICICI Securities 20 Oct 2020 06:57 Equitas Small Finance Bank (ESFB) is a mass market focused small finance bank (SFB), providing banking products and services to unserved and underserved segment. It is the largest SFB in India in terms of number of banking outlets and second largest SFB in …
- Equitas Small Finance Bank IPO opens today: Everything you need to know 20 Oct 2020 05:55 Equitas Small Finance Bank had commenced banking operations in 2016 after getting license from the Reserve Bank of India (RBI). (Image source: Facebook/EquitasBank)The Rs 518-crore initial public offering (IPO) of Equitas Small Finance Bank – a …
- World Bank says India can use funds for vaccine plans 20 Oct 2020 05:46 Mumbai: The World Bank’s $1-billion support package to help India fight the novel coronavirus can be used for the country’s Covid-19 vaccine programme, an official of the global financial institution said. The remark was in response to ET's query on …
- Lack of finance forces Bangladesh to consider shelving coal 20 Oct 2020 04:48 Bangladesh will retreat from coal power if a recent proposal is approved by Prime Minister Sheikh Hasina. In August, the Ministry of Power, Energy and Mineral Resources sent a letter to the Prime Minister’s Office. The letter, which The Third Pole has seen …
- India to get $177 million loan from ADB for Maharashtra road improvements 20 Oct 2020 01:25 The Asian Development Bank (ADB) and the Indian government on Monday signed an agreement for $177 million loan to upgrade 450 kilometres of state highways and major district roads in the state of Maharashtra. The signatories to the Maharashtra State Road …
- Blackstone ups India ante with L&T MF bid 20 Oct 2020 01:06 If the deal goes through, it will mark the first buyout of an Indian fund manager by a foreign company that doesn’t handle public funds. L&T AMC, with 39 mutual fund schemes, has assets of around ₹63,057 crore as of end-September. “Sebi (Securities and …
- Economic recovery shows signs of positivism, says Finance Ministry official 20 Oct 2020 00:01 By Express News Service THANJAVUR: The SASTRA deemed to be University on Sunday organised the 15th CUB V Narayanan Memorial lecture through video conference. Delivering the lecture titled “World Economic History and India’s future”, Sanjeev Sanyal, the …
- Bangladesh to overtake India? PR can’t fix all our problems 19 Oct 2020 20:35 This week has come news that in the current financial year, Bangladesh will overtake India in terms of per capita income. Complex problems require many minds. Leadership is important but mostly in terms of directionality. The solutions need to be produced …
- Assessing impact of pandemic on economy, says Finance Minister Nirmala Sitharaman 19 Oct 2020 16:03 NEW DELHI: Finance Minister Nirmala Sitharaman on Monday said the government has begun an exercise to assess the impact of the pandemic on the economy and likely contraction in GDP, even as she did not rule out the possibility of another stimulus to boost …
- Shadow bank recovery stalls in India as loan fears resurface 19 Oct 2020 14:19 By Divya Patil and Anil Poonia Signs of a recovery for India’s troubled shadow banks have taken a step backward as concerns reemerged about the true impact of the pandemic on the lenders. Average spreads on the lenders’ AAA rated five-year bonds rose for …
- Equitas Small Finance Bank IPO opens tomorrow. Should you subscribe? 19 Oct 2020 14:09 MUMBAI: Analysts are divided on whether investors should subscribe to Equitas Small Finance Bank’s (SFB) Rs 518 crore initial public offer (IPO) that kicks off on Tuesday. The price band for the issue is fixed at Rs 32-33 per share, and the issue closed on …
- Innovation, entrepreneurial spirit key to rebuild India say Ronnie Screwvala, CP Gurnani at ET-ILC meet 19 Oct 2020 10:55 By Nikita Rana In many ways Covid-19 has been a great leveller of sorts. Every company, whether big or small feels compelled to innovate. Everything on both, the demand and supply side has changed. Demand is unpredictable and supply poses practical …
