- ADB pledges $2.2 bn to bolster India's health infrastructure, MSMEs 10 Apr 2020 18:08 The Asian Development Bank (ADB) will provide India $2.2 billion (around Rs 16,000 crore) to help the country ramp up health infrastructure and bolster micro, small and medium-sized enterprises (MSMEs) facing hardships because of the coronavirus-related …
- Loan securitisation deprives 1 cr retail customers of moratorium benefit: Report 10 Apr 2020 17:48 MUMBAI: Securitisation of loans by troubled non-bank lenders has led to one crore eligible retail borrowers being deprived of the three-month loan repayment moratorium, a report said on Saturday. Securitisation refers to the pooling of assets by a lender …
- ‘If India has to grow faster, States have to grow faster’ 10 Apr 2020 17:42 To present the economic slowdown as a binary of structural versus cyclical or demand side-driven versus supply-side driven factors is completely unwarranted, says Bibek Debroy, Chairman of the Economic Advisory Council to Prime Minister Narendra Modi. In …
- View: Coronavirus could be India's black swan event 10 Apr 2020 16:22 By Shailesh Haribhakti The PM has demonstrated world recognised leadership by announcing a comprehensive 21 day lockdown and three packages to enable citizens and businesses to cope. Going forward our country will need nine bridges to enable us to emerge …
- Indian-origin Finance Minister eases tax norms for foreign workers fighting COVID-19 in UK 10 Apr 2020 13:55 By PTI LONDON: Chancellor of the Exchequer Rishi Sunak has temporarily eased the tax criteria for highly skilled foreign workers, including those from India, engaged in the coronavirus fightback in the UK during a fixed three-month period. The Indian- …
- NBFCs stare at defaults as banks refuse moratorium benefits 10 Apr 2020 13:31 MUMBAI: Non-bank lenders may be staring at a default-like situation after banks declined to pass on the benefits of a three-month loan moratorium, announced by the Reserve Bank of India last week. Non-banking finance companies (NBFCs), which are themselves …
- G20 meeting of Finance Ministers and Central Bank Governors on Apr 15 10 Apr 2020 09:56 The virtual meeting of the finance ministers and central bank governors comes within a fortnight of their last meeting on March 31 New Delhi: Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das will on April 15 participate in the meeting …
- NBFCs to face liquidity pressure on lack of clarity on RBI's moratorium, poor collection: Crisil 10 Apr 2020 09:31 Mumbai: Non-banking finance companies are likely to face liquidity challenges due to lack of clarity on the applicability of the Reserve Bank's moratorium on their bank loans and poor collection due to the nationwide lockdown, says a report. According …
- Dineout launches Project Thali to help the vulnerable during lockdown 10 Apr 2020 09:23 Dineout has launched a special project with the aim to end hunger and malnutrition and make food available to those struggling to make ends meet during this lockdown. 'Project Thali', a community-driven initiative that aims to connect the dots …
- ADB assures $2.2 bn support package to India to fight Covid-19 pandemic 10 Apr 2020 07:10 Asian Development Bank (ADB) President Masatsugu Asakawa on Friday assured Finance Minister Nirmala Sitharaman of $2.2 billion (about Rs 16,500 crore) support to combat Covid-19 pandemic, PTI reported. In a call, Asakawa commended the government's …
- ADB assures $2.2 billion support package to India for COVID-19 response 10 Apr 2020 06:08 New Delhi: Asian Development Bank (ADB) President Masatsugu Asakawa on Friday assured Finance Minister Nirmala Sitharaman of $2.2 billion (about Rs 16,500 crore) support to India in its fight against the COVID-19 pandemic. In a call, Asakawa commended the …
- After Mumbai, Delhi makes face masks in public places mandatory - cnbctv18.com 10 Apr 2020 05:15 Adani Ports 251.90 (+0.42%) Asian Paints 1651.35 (+2.64%) Axis Bank 420.15 (+7.36%) Bajaj Auto 2435.95 (+8.67%) Bajaj Finance 2551.85 (+9.39%) Bajaj Finserv 4820.25 (+4.59%) Bharti Airtel 488.70 (+5.86%) Bharti Infratel 173.90 (+4.51%) BPCL 344.90 (+0.76%) …
- Pivotal role being played by forces in Covid-19 fight, all assistance to industry: Defence Secretary 10 Apr 2020 03:14 In an interview to [email protected] Defence Secretary Ajay Kumar has said that regular interactions are on with industry to minimize the Covid impact, instructions to release payments have been issued and shares the role the armed forces and …
- A key arsenal in rural India’s pandemic fight 09 Apr 2020 20:10 If you build a fortress to strengthen your defences against an enemy, what is of importance is the strength of its walls. The issue of space or comfort within the fortress is the last question one may dare to ask or even think about, apart from the minimum …
- India Inc likely to get further relief on the loan repayment front 09 Apr 2020 18:47 India Inc is likely to get further relief on the loan repayment front, particularly with regard to unlisted debentures. Sources say the Securities and Exchange Board of India (Sebi) is likely to allow corporate houses to treat unlisted non-convertible …
- EMI moratorium fraud: Banks asking customers to be alert, not to share OTP with imposters 09 Apr 2020 16:00 NEW DELHI: In a bid to warn customers against fraudsters who may attempt to exploit the EMI moratorium scheme, leading banks are reaching out to their customers to caution them against 'EMI moratorium frauds' and strongly advising them not to share …
- COVID-19: Hotels across the board undertake pay cuts, give unpaid leave options to staff 09 Apr 2020 15:43 New Delhi: Ravaged by the worsening COVID-19 pandemic, major hotel chains across the board are announcing pay cuts, or unpaid leave options for some staff members. While chains like Lemon Tree and Treebo Hotels announced pay cuts for their leadership teams …
- NAREDCO calls for $200 billion relief package for real estate sector 09 Apr 2020 14:42 Mumbai (Maharashtra) [India], April 9 (ANI): The National Real Estate Development Council (NAREDCO) has sought 200 billion dollars (about Rs 15 lakh crore) from the government as a relief package to minimise the economic impact of COVID-19 and called for a …
- US CPA exams scheduled to be held in India from June 1, 2020 09 Apr 2020 14:42 Mumbai (Maharashtra) [India], April 9 (ANI/BusinessWire India): Amidst the disruption caused by the COVID-19 pandemic and the resultant lockdown, there is some good news for Indian finance and accounting candidates looking forward to appearing for the …
- F&O: Bulls finally in charge, but Bank Nifty upside looks capped 09 Apr 2020 13:54 By Chandan Taparia Nifty started Thursday’s session on a positive note on the back of favourable global clues. The index remained quite volatile in a narrow range, but concluded the session near to highest point of the day, marking its highest daily close …
- Investor wealth jumps Rs 3.98 lakh crore as markets make strong comeback 09 Apr 2020 13:54 New Delhi: Investor wealth on Thursday climbed Rs 3,98,934.79 crore after markets rallied amid hopes of a second stimulus package from the government. The BSE 30-share Sensex ended the day 1,265.66 points or 4.23 per cent higher at 31,159.62. During the …
- Covid-19 hangs over future like a spectre, says RBI in its report 09 Apr 2020 11:25 The Reserve Bank of India (RBI) has forecast inflation to collapse to 2.4% in the fiscal fourth quarter, albeit largely forced, amid a pronounced slump in overall demand and prices of vegetables, creating enough room for steep interest rate cuts. But RBI …
- Rubber slumps on weak demand, stock pile-up 09 Apr 2020 10:42 Demand crunch and high inventory are keeping Indian rubber prices depressed despite a slight recovery in the global market. The spot market has been closed for nearly two weeks. At the Indian Commodity Exchange(Icex), April contract for delivery was …
- Buy AU Small Finance Bank, target price Rs 800: Motilal Oswal 09 Apr 2020 10:34 Motilal Oswal has maintained the buy rating on AU Small Finance Bank with a target price of Rs 800 (4 times Sep’21BV). The bank has released its business update for the fourth quarter of FY20. Gross AUM has increased 28.4 per cent year-on-year (YoY) and 4. …
- Coronavirus crisis is a chance for India to reform its economy 09 Apr 2020 10:00 By: Bloomberg | Updated: April 9, 2020 2:56:52 pm Migrant labourers relax at a community centre in Chandigarh during India’s coronavirus lockdown. (Express Photo: Kamleshwar Singh) A looming economic crisis triggered by the coronavirus pandemic is a chance …
- Minimal impact on students' job offers, summer internships amid COVID-19 crisis: IIM-C 09 Apr 2020 09:47 KOLKATA: At a time when most business schools of the country are finding it difficult to safeguard students' placements and summer internships in the wake of the COVID-19 outbreak, the Indian Institute of Management-Calcutta claimed to have weathered …
- Congress leader RV Deshpande seeks relief for MSME sector 09 Apr 2020 09:14 BENGALURU: Congress leader RV Deshpande on Wednesday urged finance minister Nirmala Sitharaman to help out the micro, small and medium enterprises (MSME) as they have been badly hit by the lockdown, and many may even face closure post lockdown. The MSMEs, …
- COVID-19: Odisha govt writes to Centre with suggestions to ease burden of power sector in state 09 Apr 2020 09:14 Bhubaneswar: Chief Secretary of Odisha government on Wednesday wrote to the Centre suggesting measures to ease the immediate burden of the power sector, so the state government can provide substantial relief on electricity tariff to public and industry …
- Gain some, lose some: What India's Covid-19 relief package means for biz 09 Apr 2020 08:34 The government and the central bank moved quickly last week to help the economy as India manages life under a 21-day lockdown to stem the spread of the coronavirus pandemic. Their decisions bring opportunity for some businesses as others miss out. The …
- India to buy up Middle Eastern oil for strategic reserves 09 Apr 2020 07:52 By SyndicationThe Washington Post, Bloomberg · Debjit Chakraborty, Vrishti Beniwal India, the world's third biggest oil consumer, is set to snap up millions of barrels of Middle East crude for its strategic reserves, signaling its support for global …
- Deposit min amt in PPF sans penalty till Jun 30 09 Apr 2020 07:21 The Department of Post has waived penalty/revival fees for not investing the minimum amount due for financial year 2019-20 and for April 2020 in various small savings schemes. The penalty/revival fees has been waived till June 30, 2020 on schemes …
- IndiGo enters Brand Finance Top 50 Airlines list recognising the most valuable and strongest airline brands in 2020 09 Apr 2020 07:19 India's leading carrier - IndiGo - has been recognised as one of the most valuable and strongest airlines as per the Brand Finance Airlines 50 report for 2020. The airline was ranked at number 43 in the report as it entered the list for the first time. …
- Share market update: Sambhaav Media , TCI Finance among top losers on BSE 09 Apr 2020 07:15 NEW DELHI: The domestic equity benchmark BSE Sensex was trading 823.11 points up at 30717.07 on account of buying in frontline bluechip counters. Shares of Cian Healthcare Ltd. (down 19.81 per cent), Solitaire (down 12.29 per cent), Sambhaav Media (down 10 …
- Covid19 Impact: Realtors’ body NAREDCO urges for $200 billion package for economy 09 Apr 2020 06:37 MUMBAI: Real estate developers’ body the National Association of Real Estate Developers Council (NAREDCO) has sought $200 billion relief package from the government to ease the impact of COVID19 on various sectors in the economy. As the sector accounts for …
- Virus crisis is a chance for India to finally reform its economy 09 Apr 2020 06:12 By Anirban Nag and Subhadip Sircar A looming economic crisis triggered by the coronavirus pandemic is a chance for India to enact sweeping reforms to fix ailing sectors and attract more foreign investment to the country. That’s a call being made by a …
- Donations pour in but India's 'PM CARES' virus fund faces criticism 09 Apr 2020 05:22 Donations pour in but India’s ‘PM CARES’ virus fund faces criticism NEW DELHI: Indian Prime Minister Narendra Modi is facing criticism for creating a new coronavirus relief fund when about $500 million was lying unspent in an older fund, even as top …
- Buy M&M Financial, target price Rs 225: JM Financial 09 Apr 2020 05:08 JM Financial has given a buy rating to M&M Financial Services (MMFS) with a SOTP-based target price of Rs 225. The NBFC is facing the twin challenges of growth and collections as well as asset quality in a seasonally weak first half which has been …
- Indian Fintech Aye Finance Secures $23.8 Million in Debt Funding within 15 Days from Major Local and International Investors 09 Apr 2020 05:07 April 8, 2020 @ 8:16 pm By Omar Faridi Capital G-backed Aye Finance, a leading Fintech lender, has reportedly secured INR 180 crore (appr. $23.8 million) in debt funding in the past 15 days from several major firms in India and investors located abroad. …
- Covid-19 crisis: Spending curbs on ministries 09 Apr 2020 05:00 NEW DELHI: The Centre has tightened expenditure for the first quarter of FY21 and prioritised frontline spending to combat the Covid-19 pandemic as it seeks to cope with the strain of the economy coming to a near-standstill. In new directions issued to all …
- Buy Cholamandalam Investment & Finance Company, target price Rs 160: Jayesh Bhanushali 09 Apr 2020 03:53 Jayesh Bhanushali of IIFL has a buy call on Cholamandalam Investment & Finance Company Ltd. with a target price of Rs 160.0 . The current price of Cholamandalam Investment & Finance Company Ltd. is Rs 150.85 Time period given by the analyst is …
- Cash ‘stress’: Finance tells ministries to limit spends during Q1 09 Apr 2020 01:41 Written by Liz Mathew | New Delhi | Updated: April 9, 2020 6:49:44 am Finance Minister Nirmala Sitharaman had revised downward the estimate of expenditure to Rs 26.99 lakh for 2019-20 and projected a nominal growth of 10 per cent to budget the expenditure …
- India, US in talks for dollar swap line to strengthen macro outlook 08 Apr 2020 23:32 According to Reserve Bank of India (RBI) data, 63.7 per cent of India’s foreign currency assets — or 6.17 billion — is invested in overseas securities, mainly in the US treasury. India is working with the United States to secure a dollar swap line that …
- Govt to immediately issue Rs 18,000 crore as pending tax refunds to individuals, businesses 08 Apr 2020 19:58 The government will immediately issue about Rs 18,000 crore as pending income tax refunds to individuals and businesses, in a bid to provide relief to taxpayers amid the Covid 19 crisis. Income tax refunds to individuals, upto Rs 5 lakh that have been …
- New wind farm financing in Europe to face delays in 2020 08 Apr 2020 19:58 LONDON: Investment in new wind power projects in Europe fell almost 25 per cent to 19 billion euros ($20.7 billion) in 2019 compared to a year earlier and projects are likely to face financing delays this year, industry group WindEurope said on Tuesday. …
- Latest on Covid: Delhi, UP seal all hotspots 08 Apr 2020 18:12 !1 New UpdateClick here for latest updates Delhi Chief Secretary Vijay Dev on Wednesday ordered the deployment ACP-rank officers at all quarantine centres in the national capital for their strict monitoring. According to an order, Dev said the Assistant …
- To help small firms, India seen unveiling second coronavirus stimulus worth $13 billion 08 Apr 2020 17:21 NEW DELHI: A second stimulus package India is poised to announce in coming days will be worth around Rs 1 lakh crore ($13 billion) and focus on help for small and medium businesses weathering the coronavirus outbreak, two senior officials said on Wednesday …
- Lockdown: Large retail-focused NBFCs facing cash flow difficulties; debt servicing a challenge 08 Apr 2020 17:18 Mumbai: Nearly a dozen of large retail-focused non-banking finance companies (NBFCs) may need around Rs 10,000-20,000 crore of funds over the next few months for servicing their debt obligations and to run their operations, says a report. Due to the …
- India Inc seeks urgent stimulus package worth Rs 9-Rs 11 lakh cr (Roundup) 08 Apr 2020 17:15 New Delhi, April 8 (IANS) India Inc has requested the Centre to immediately institute a stimulus package ranging from Rs 9 to Rs 11 lakh crore to mitigate the impact of Covid-19 outbreak. Accordingly, several leading industry bodies including CII, Ficci, …
- Funds squeezed states pay a steep price 08 Apr 2020 16:58 MUMBAI: State governments’ borrowing costs surge as many investors drop out of bond auctions due to lockdown and fears that there could be a surge in their borrowings in coming months as they are squeezed by sliding revenues and higher expenses to treat …
- Bulk & Block Deals: Fidelity sells Tata Communications shares 08 Apr 2020 16:58 MUMBAI: Companies such as Sobha, RBL Bank and Tata Communications saw bulk deals in Wednesday’s trade. On Wednesday, the 30-share Sensex closed 0.58 per cent or 173.25 points higher at 29,893.96, while 50-share Nifty declined 0.49 per cent or 43.45 points …
- India to buy Middle East crude oil for its strategic reserves 08 Apr 2020 16:26 India, the world’s third biggest oil consumer, is set to snap up millions of barrels of Middle East crude for its strategic reserves to take advantage of low prices, according to officials with knowledge of the matter. The purchases are also in line with …
- India needs to beef up its fiscal response to COVID-19, say industry bodies 08 Apr 2020 15:39 Express News Service NEW DELHI: India's fiscal response to COVID-19 is inadequate and the country needs a stimulus package of $200-300 billion (about ₹15-22 lakh crore) over the next 12-18 months to weather the impact of the pandemic, say industry …
- Cash payment company CMS to offer cash at doorstep to senior citizens 08 Apr 2020 14:25 Mumbai: To deal with social distancing and address the cash withdrawal concerns from banks and ATMs, following the RBI directive, cash and payments solution CMS is offering free doorstep cash delivery service to help senior citizens and disabled get cash …
- India Inc seeks Rs 2 trillion in govt relief as lockdown hits businesses 08 Apr 2020 14:14 India Inc on Wednesday sought Rs 2 trillion as economic package to tide over losses from the 21-day nationwide lockdown to prevent the spread of the coronavirus. The Confederation of Indian Industry (CII) has submitted recommendations to the government …
- Finance Ministry allows states to borrow Rs 3.2 lakh crore from market amid coronavirus pandemic 08 Apr 2020 12:49 By PTI NEW DELHI: The Finance Ministry has allowed all states to borrow a cumulative Rs 3.20 lakh crore from market between April-December. The move comes amid states' demand for higher funds from the Centre to meet the expenses in dealing with COVID- …
- Geojit: Manappuram Finance Ltd - Company update - Buy (08th April 2020) 08 Apr 2020 11:14 Valuations moderated, high upside potential Manappuram Finance (MGFL) is one of the leading gold loan NBFCs in India and is well diversified into other business segments like housing loan, vehicle loan and microfinance, with a branch network size of around …
- EU finance deal fails; UK PM remains in ICU: Virus update 08 Apr 2020 10:35 European Union finance ministers failed to agree on a recovery plan for the bloc after 16 hours of talks, driving the euro and Italian bonds lower. UK Prime Minister Boris Johnson’s condition remains stable and he is not on a ventilator. China relaxed its …
- Donations pour in but India's 'PM CARES' coronavirus fund faces criticism 08 Apr 2020 10:23 NEW DELHI/MUMBAI (Reuters) - Indian Prime Minister Narendra Modi is facing criticism for creating a new coronavirus relief fund when about $500 million was lying unspent in an older fund, even as top businesses and celebrities pledge millions of …
- European Finance Ministers Can’t Agree on Coronavirus Bailout: Live Coverage 08 Apr 2020 08:19 European finance ministers split on ‘coronabonds’ to help the countries worst hit by the pandemic. European finance ministers broke off a marathon overnight teleconference without reaching an agreement on measures the eurozone will take together to counter …
- View: Providing a true picture of the world, only science can help India against coronavirus 08 Apr 2020 05:34 By Jayant Sinha As the coronavirus continues its deadly spread around the world, it is only science that protects us. Many different scientists and experts are responding to the global challenge: geneticists, emergency care physicians, epidemiologists, …
- Growth a worry, EM-focused funds turn neutral on India 08 Apr 2020 04:14 ET Intelligence Group: After an overweight stance for eight years in a row, the fund managers focusing on emerging markets (EMs) have turned neutral to Indian equities following rising uncertainty over the country’s economic growth amid the Covid-19 …
- 'No economic activity will cost India $120 billion' 08 Apr 2020 01:07 'We believe there will be a full shutdown for four weeks and a partial shutdown for eight weeks.' 'Hence, economic activity is unlikely to normalise before the end of May.' IMAGE: Cargo operations at Bengaluru airport, April 2, 2020. Photo: …
- India’s textile export, MSME hubs come to a grinding halt 07 Apr 2020 21:17 Until 24 March, Ratnakala held a job at a garment factory, sewing children’s frocks destined for Europe, at a factory in Sarjapur, a textile hub in Bengaluru. Over the last few weeks, she’s been looking for work as a domestic help, after the factory …
- Covid is pushing world economy to the brink. Is India immune? 07 Apr 2020 18:18 The coronavirus and lockdown-induced recession have fueled huge distress in India. A third connected problem has been the crash in stock markets. A fourth misfortune, an extension of the third, is now threatened by loan defaults by developing countries …
- Bitbuddy launches bitcoin marketplace in India 07 Apr 2020 18:00 Bitbuddy, a bitcoin marketplace, recently announced its launch in India. Bitbuddy will allow sellers and shoppers to sell and buy directly on its platform, similar to how online retailers function. According to press release issued by the company, " …
- Covid-19 throws a wrench into India's disinvestment plans 07 Apr 2020 16:57 NEW DELHI: With the stock markets volatile, India has put disinvestment plans – both strategic and non-strategic – on the back-burner. Strategic divestment in Shipping Corporation of India and Container Corporation of India has been put on hold in the wake …
- Speciality chemicals to be the next great export pillar for India: Varun Goel 07 Apr 2020 16:22 I was going through your portfolio and I saw a lot of consumer names in your portfolio. We will not talk about names in particular but what are your thoughts when you look at some of the consumer stocks? Do you think the aggregate demand amongst consumers …
- Portugal slams Dutch finance minister for repugnant comments 07 Apr 2020 13:29 Updates with Portugal’s coronavirus confirmed cases. Actual number: 5,962 The Capitals brings you the latest news from across Europe, through on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here. Before you start …
- The Finance 202: Small businesses struggle to secure coronavirus relief amid glitchy loan rollout 07 Apr 2020 13:07 Adam Milne doesn't have time to wait. The owner of Old Town Pizza & Brewing, in Portland, Ore., laid off two-thirds of his staff in late March after the state imposed social distancing measures in response to the coronavirus. He shifted the two- …
- Groupe PSA postpones 1st product launch in India to 2021 due to COVID-19 07 Apr 2020 12:59 New Delhi: European auto major Groupe PSA on Tuesday said it has decided to postpone the launch of its first model in India to first quarter of next year due to the challenging business environment right now owing to coronavirus pandemic. The company, …
- Hold Bajaj Finance, target price Rs 2,331: Emkay Global 07 Apr 2020 11:45 Emkay Global has downgraded Bajaj Finance to hold from buy rating with a target price of Rs 2,331 (Rs 3,570 earlier) over 12 months, showing an upside of 5.6 per cent over a CMP of Rs 2,208. The lowered target price corresponded to around 3.2 times P/B …
- Career in Data Science in India: Courses, certifications, salary & future growth 07 Apr 2020 07:11 There has been an increase in demand for certified and trained data scientists in India as organisations have been adopting new technologies to analyse the data extensively to draw meaningful insights. Data science has emerged as an attractive career …
- Bajaj Finance slips 5% after Co briefs on business impact due to Covid-19 07 Apr 2020 07:00 Shares of Bajaj Finance slipped 5.7 per cent to a fresh 52-week low of Rs 2,081.50 on the NSE on Tuesday in an otherwise strong market after the company's management team said that over the past 10 days, the company had lost nearly 350,000 customers, …
- India hiring declines 18% in March, Delhi-NCR most affected 07 Apr 2020 06:39 New Delhi, April 7 (IANS) Overall hiring activity in India declined by 18 per cent in March, with travel and airlines, hospitality and retail industries witnessing a massive 56 per cent drop in offering jobs as compared to March last year, leading job …
- Alternative Finance Market Size, Share 2020 Global Competitors Strategy, Industry Trends, Segments, Regional Analysis, Review, Key Players Profile, Statistics and Growth to 2024 Analysis 07 Apr 2020 06:29 The MarketWatch News Department was not involved in the creation of the content. Apr 07, 2020 (The Expresswire) -- Global Alternative Finance Market 2020 Research Report provides fundamental strategies with top-down and bottom-up approaches and further …
- India may get $1.3-bn passive flow; MSCI EM weight may rise: Morgan Stanley 07 Apr 2020 03:20 With India swiftly responding to the delay in notifying sector-wise limits for investment in stocks by overseas investors, analysts at Morgan Stanley now expect MSCI to rebalance MSCI India weight in the emerging market (EM) index to reflect this change …
- Bajaj Finance reports AUMs of Rs 1.47 lakh crore as FY20 ends 07 Apr 2020 01:38 Mumbai (Maharashtra) [India], April 6 (ANI): Bajaj Finance said on Monday that its assets under management (AUM) stood at Rs 1.47 lakh crore as of March 31 as compared to Rs 1.15 lakh crore in the year-ago period. The company continues to remain well …
- Power projects in India may come to a grinding halt, warns Hemant Kanori 06 Apr 2020 22:11 KOLKATA: Power projects in India may come to a grinding halt unless generation companies are supported with easier access to fuel and restructuring of loans in the wake of coronavirus outbreak and the ensuing lockdown, warned Hemant Kanoria, chairman, Srei …
- AU Small Finance Bank Limited updates on Q4 FY2019-20 performance 06 Apr 2020 16:28 During FY20, AU Small Finance Bank Limited continued its thrust on building a granular, retail, low cost deposit franchise. The aggregate deposit as of March 31, 2020 was at Rs. 26,163 Crores as against Rs. 19,422 crores, up 34% YoY. The deposit has …
- PNB Housing Finance signed an agreement with JICA to raise US$ 75 Million with co-financing of US$25 Million by Citibank to finance mortgage loans in affordable housing segment 06 Apr 2020 15:10 PNB Housing Finance Ltd, 4th largest housing finance Company (PNBHF) in India and second largest deposit taking HFC, has signed an agreement with Japan International Cooperation Agency (JICA), one of the largest bilateral development organisations in the …
- Testing times for India in race to head off coronavirus epidemic 06 Apr 2020 10:57 NEW DELHI (Reuters) - India, like a lot of countries plunged into crisis by the pandemic, is struggling to ramp up testing for the coronavirus, but in few places would the odds of containing the disease appear so bleak should domestic transmission start to …
- Mukesh Ambani hails RIL staff as 'frontline warriors', reiterates co's role in India's war against COVID-19 06 Apr 2020 10:31 NEW DELHI: With thousands of his company employees helping run lifelines in a lockdown country - from phone lines to stores to fuel, billionaire Mukesh Ambani has hailed them as 'frontline warriors' as he reiterated Reliance Industries' role in …
- Why India Follows Modi's Call For 06 Apr 2020 09:09 Even his biggest detractors will grudgingly admit that Narendra Modi is a master tactician. So when he asks people to individually, yet collectively, bang thalis, clap and switch off their lights, it is prudent to assume there's a well-thought-out …
- India has closed its railways for the first time in 167 years. Now trains are being turned into hospitals 06 Apr 2020 05:04 It was the first time in 167 years that Asia's oldest rail network had been suspended.Now the railway network has decided to convert as many as 20,000 old train carriages into isolation wards for patients as the virus spreads. The network, which is the …
- Revenue to fall over 10%, profit over 5%: India Inc 06 Apr 2020 03:48 New Delhi: Most Indian companies have said revenue and profits will be impacted significantly in the aftermath of Covid-19, according to an industry poll. The cross-industry poll of company chiefs revealed that a majority of firms expect revenues to …
- As the country completes 10 days of lockdown, India Inc still awaits fiscal package 05 Apr 2020 20:58 Ford joins General Motors to make ventilators for fight against Coronavirus The lockdown in India has entered the 11th day with all the businesses shut except for essentials. The lockdown has already resulted in daily wagers losing their jobs and going …
- Castrol India Ltd appoints Mr. Udayan Sen as Nominee Director 05 Apr 2020 18:12 Mr. Udayan Sen (DIN: 02083527) has been appointed as a Non-Executive, Nominee Director on the Board of Castrol India Ltd with effect from 2 April 2020. Mr Udayan Sen is a finance professional with 28 years of industry experience with the last 21 years in …
- India reassures banks of capital infusion: sources 05 Apr 2020 10:27 NEW DELHI/MUMBAI, April 5 (Reuters) - India has assured state banks it is ready to provide capital support as the coronavirus pandemic may lead to a surge in bad loans when economic growth is slowing, three government and banking sources told Reuters. …
- Crash Landing - India Legal 05 Apr 2020 06:07 The disastrous effect of Covid-19 has been especially hard on the aviation sector globally. In India, the 21-day lockdown led to the grounding of over 1,400 aircraft, including 674 commercial ones. This was accompanied by massive cancellations and …
- Time Running Out For Financial Package For India 05 Apr 2020 02:23 Ten days into the COVID-19 lockdown and I'm hoping beyond hope that the next time the Prime Minister warns us he's coming on television, he will ditch the "motivational" announcements and grandstanding and finally announce a proper …
- Report: India's H-1B Companies Ask Labor Department to Let Foreign Workers Stay amid Crash 05 Apr 2020 01:30 The India-based NASSCOM business lobby is asking the Department of Labor to help the lobby keep its huge workforce of Indian H-1B temporary workers in American jobs throughout the coronavirus crash, according to a report in the Times of India newspaper. “ …
- 'Lockdown Won't Yield Desired Results Unless India Does Extensive Testing': P Chidambaram 04 Apr 2020 23:02 Congress leader and former Finance Minister P. Chidambaram has expressed disappointment over PM Narendra Modi’s video message in which he asked the people of India to voluntarily switch off lights between 9:00 p.m to 9:09 pm on April 5. The Prime Minister …
- Don’t rule out India rebounding to 7% growth in H2FY21: Arvind Panagariya 04 Apr 2020 13:20 I want to begin by asking if you are doing fine. You are joining us from New York, where there seems to be a mess. They have just crossed over one lakh cases. Yes, indeed. I think New York state has been the most affected within the US. The US is the most …
- India’s pied piper 04 Apr 2020 12:09 His steely-eyed gaze bores into me through the TV set. He seems to get handsomer as he grows older. The beard suits him. Is he my pied piper? Will he take me to safety or to my doom? Looking down from the manned space station, on Sunday, April 5 at 9pm …
- India's tech cities are choking on their success 04 Apr 2020 02:44 Like thousands of others, Megha Mathur moved to the Indian city of Gurgaon for a coveted job in tech. She soon realized she wouldn’t be able to live there very long. The pollution was so bad she had to check an air quality app on her phone several times a …
- Corona live: India at highest one-day death count 04 Apr 2020 02:28 Read: Centre grants Rs 17,000cr to states to tackle coronavirus crisis While the home ministry approved an advance release of Rs 11,092 crore to all states under the State Disaster Risk Management Fund (SDRMF), in line with the assurance given by PM …
- Just a feel-good moment curated by India's Photo-Op PM: Tharoor 03 Apr 2020 23:59 Opposition parties expressed disappointment over Prime Minister Narendra Modi’s address to the nation and said that that they had expected some concrete steps to tackle the economic downturn due to Covid-19 outbreak instead of an appeal to “light lamps”. …
- HC restrains ICRA from making public Indiabulls Housing Finance credit score 03 Apr 2020 16:16 New Delhi: The Delhi High Court Friday restrained a private credit rating company, ICRA Ltd, from making public the credit score of Indiabulls Housing Finance Ltd (IHFL) till April 6. The interim direction by Justice Sanjeev Sachdeva came on a plea to …
- Buy Bajaj Finance, target price Rs 3,570: Emkay Global 03 Apr 2020 07:04 Emkay Global has given a buy rating to Bajaj Finance with a target price of Rs 3,570 for 12 months, marking an upside of 59.2 per cent over the CMP of Rs 2,242 as of April 1, 2020. The NBFC has a well-balanced liability franchise, with excessive cash on …
- Trending stocks: Sundaram Finance shares flat in early session 03 Apr 2020 07:03 NEW DELHI: Shares of Sundaram Finance traded flat in Friday 's trade at 10:44 am. Around 21179 shares changed hands on the counter. The stock opened at Rs 1175.4 and touched an intraday high and low of Rs 1181.1 and Rs 1150.05 , respectively, in the …
