- Testing B-school students on Innovation - OnePlus ETPrime Intellect 25 Jan 2020 10:37 The recently launched OnePlus ETPrime Intellect B-school challenge calls for innovative solutions to solve real business problems. The business case is curated by senior editors of ETPrime and senior faculty of Bennett University. “Innovation lies is in …
- 2012-13, 2013-14 slowdowns were a lot worse than the present one: Arvind Panagariya 25 Jan 2020 10:23 Arvind Panagariya, Former VC, Niti Aayog, says in FY20-21, we should get to above 6% growth rate and then we could jump back to about 8% or so. Excerpts from an interview with Tamanna Inamdar of ETNOW. What is your assessment of the economic slowdown and …
- Operate Only With J&K Bank: Admin Tells Officers 25 Jan 2020 10:23 JK Bank Headquarters in Srinagar (File Photo: Abid Bhat / KO) JAMMU – The Jammu and Kashmir administration on Friday directed officers to close all official accounts in banks other than the J&K Bank by January 31 or face stern disciplinary action. …
- Assam government to file a case against Sharjeel Imam for ‘carve Assam out of India’ comment 25 Jan 2020 09:27 By Express News Service GUWAHATI: Assam’s BJP-led coalition government will file a case against the alleged mastermind of Shaheen Bagh protest and former Jawaharlal Nehru University student Sharjeel Imam for his alleged statement that Assam will be carved …
- Mastercard just gave the country its first unicorn of 2020 25 Jan 2020 08:19 BENGALURU: Point-of-sales (PoS) services provider Pine Labs has raised a new round of funding from the global card network major Mastercard. While transaction details were not disclosed, the new round is pegged at $100-150 million (Rs 713-1,069 crore). …
- Global Banking & Finance Review® Award Winners 2019 25 Jan 2020 08:09 Global Banking & Finance Review® would like to congratulate the award winners and look forward to their continued success. LONDON, ENGLAND, January 25, 2020 /24-7PressRelease/ -- Global Banking and Finance Review is privileged to honour …
- Fiscal Deficit Target Cannot be Sacrosanct, India to Focus on Growth - BJP's Economic Wing Chief 25 Jan 2020 07:32 Gopal Krishna Agarwal, head of the Bharatiya Janata Party’s (BJP) economic wing, spearheaded consultations with representatives of 11 sectors and has handed over three sets of suggestions to the finance minister as well as prime minister’s office. Though a …
- Brookfield may buy majority stake in IndoStar 25 Jan 2020 06:15 Mumbai: Canada’s Brookfield Asset Management is in talks to acquire a majority stake in Mumbai-based IndoStar Capital Finance, said two people with direct knowledge of the matter. The asset manager focussed on alternative assets could either buy the …
- Mr Market will come crashing down if Budget disappoints it 25 Jan 2020 06:15 During the week gone by, Mr Market was jittery ahead of the Union Budget and on concerns over high valuation of frontline stocks. However, strong buying emerged in the smallcap and midcap space, helping Nifty50 to surpass its previous highs by a wide …
- Bank of Baroda tumbles into red with Rs 1,407-cr net loss on higher provisions 25 Jan 2020 03:45 Mumbai: State-owned Bank of Baroda (BoB) slid into a surprise net loss in the third quarter due a rise in provisions after its own assessment of bad loans diverged from that by the banking regulator. The bank reported a loss of Rs 1,407 crore in December …
- Cut in personal tax possible: CLSA 25 Jan 2020 03:45 Mumbai: The government could cut personal income tax rates in the Union Budget on February 1in order to revive growth, said foreign brokerage CLSA. The brokerage said any income tax cut would be seen as a boost for discretionary companies. “To spur …
- India likely to raise import duties on 50 items in Feb 25 Jan 2020 02:55 India likely to raise import duties on 50 items in Feb NEW DELHI: India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports from China and …
- HDFC to tap Egon Zehnder to identify Aditya Puri's successor 25 Jan 2020 02:11 MUMBAI: India's HDFC Bank will retain global executive search firm Egon Zehnder to find a successor to managing director Aditya Puri, four sources familiar with the matter said, as its board seeks to end an impasse and zero in on a candidate. The board …
- IndiGrid to raise Rs 7,500 crore debt in 18 months to finance acquisitions 25 Jan 2020 01:51 MUMBAI: Infrastructure investment trust IndiGrid plans to raise Rs 7,500 crore debt over the next 18 months to finance the acquisition of assets from its sponsor Sterlite Power Grid Ventures, Harsh Shah, Chief Executive Officer told ET. IndiGrid is on …
- Gold prices inch lower as markets eye ECB decision 25 Jan 2020 01:49 Gold prices edged lower on Thursday, consolidating near the $1,550 level, ahead of a policy decision by the European Central Bank, although mounting concerns over a virus outbreak in China limited losses. The euro zone's central bank will announce its …
- NLC India to raise Rs 525 crore via bonds 25 Jan 2020 01:26 New Delhi: State-owned NLC India on Friday said it will raise Rs 525 crore through issuance of bonds on a private placement basis. The proceeds of the proposed issue will be utilised to replace the equity deployed in the projects and operation over the …
- Palm oil falls more than 2% on weak India, China demand, stronger ringgit 25 Jan 2020 01:24 Malaysian palm oil futures fell for a second straight session on Friday, hit by weak demand from India and China, with a strengthening ringgit also weighing on prices. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives …
- DC at Jaipur Literature fest: I won't be ex-writer - Shashi Tharoor 24 Jan 2020 23:01 Jaipur: I am a former minister, and one day I will be a former MP, but I hope I will never be a former writer, said Shashi Tharoor on the second day of JLF 2020 in a freewheeling talk where he also reminisced about how he began his writing life as a campus …
- India's shadow lending sector is in a 'better position' after clean-up efforts, says bank chairman 24 Jan 2020 22:07 India's troubled shadow banking sector is not out of the woods yet, but it may be in a "much better position" than before, said the chairman of the country's largest public lender. Rajnish Kumar, chairman of the State Bank of India, …
- India’s economy risks swapping stagnation for stagflation 24 Jan 2020 21:55 Inflation is not only an onion phenomenon Jan 23rd 2020 MUMBAIMUMBAI’S CHEFS were quick to spot the latest threat facing India’s economy. As they foraged for ingredients in Crawford market, where hawkers sell fruit, vegetables and other kitchen staples, …
- Piramal's Rs 3,650 crore rights issue over-subscribed 1.14 times 24 Jan 2020 19:21 Mumbai (Maharashtra) [India], Jan 23 (ANI): Piramal Enterprises Ltd has announced the successful completion of its Rs 3,650 crore rights issue that saw participation from most of its existing large institutional investors as well as retail investors. The …
- BPCL launches Start-up Grand Slam with mega prize money 24 Jan 2020 19:20 Mumbai (Maharashtra) [India] Jan 24 (ANI/NewsVoir): Bharat Petroleum Corporation, India's leading fuel retailer has launched BPCL Start-up Grand Slam Season1; a grand challenge for start-ups in India. Under this challenge, BPCL has publicized six …
- 15th Finance Commission holds meeting with Goa govt, discuss tourism 24 Jan 2020 19:00 The 15th Finance Commission headed by Chairman, NK Singh along with its members and senior officials met Chief Minister of Goa, Pramod Sawant along with his cabinet colleagues and senior state government officials. 15th Finance Commission observed: Goa …
- India's fiscal math could go for a toss 24 Jan 2020 18:49 Mumbai: The country's fiscal deficit for 2019-20 is expected to widen to 3.8 per cent and the upcoming Budget may set a target of 3.5 per cent for 2020-21, a report said on Friday. The first full-year Budget of the current government, to be presented …
- Why tax cut won't fix India's bruised economy 24 Jan 2020 18:27 By Ram Singh As Budget day 2020 draws near, the clamour for a cut in income-tax rates is growing louder. Several commentators have joined the chorus for reducing income tax that, they argue, would boost consumption, eradicate both tax evasion, and expand …
- How best to change the mindset of gold buyers 24 Jan 2020 17:57 By Nilesh Shah In eight years between FY11 and FY18 India remitted $245 billion for net import of gold and precious stones. In FY19 gold smuggling is expected to be around $7 billion. Net import of gold and precious stones in eight years (FY11-18) is …
- Brides reject gold, pair with platinum this season 24 Jan 2020 17:57 Kolkata: Platinum is 27.52 per cent percent cheaper than gold, making the noble metal a favourite this wedding season. Besides, high gold prices have seen jewellery made of polki, or uncut diamond, and other precious gemstones become new trends among …
- CII for higher tax benefits for home buyers to boost demand in real estate sector 24 Jan 2020 17:57
- 8 financial lessons learnt over the decades 24 Jan 2020 17:46 By Ajit Menon As we embark on yet another decade, I was reminded of the past; the decades that have passed since I started my career. I was able to reflect on how my financial journey has evolved over the years, and my learning from it. While my middle- …
- Gold, international mutual funds offer 20% returns in 2019. What should be your strategy? 24 Jan 2020 17:46 International and gold mutual fund categories are underlining their importance as a diversification tool in investor portfolios. Both the categories, often dismissed by many advisors and investors, are topping the charts in the last one year. In fact, both …
- From Budget 2019 to 2020: How to sustain a culture of innovation 24 Jan 2020 17:27 By Ravi Narayan With the start of a new year, perhaps now is an opportune time to take stock of how the Union Budget 2019 has impacted the startup community. Six months forward, let us recap the highlights of the budget for startups. Among the bonanza of …
- CAIT seeks probe into business models of 16 online platforms, e-commerce firms 24 Jan 2020 17:27 NEW DELHI: A traders association has written to the government, seeking a probe into the business models of 16 technology startups and e-commerce companies such as Flipkart, Amazon, Zomato Swiggy and Oyo. In a letter to Commerce minister Piyush Goyal dated …
- ETRise Top MSMEs Ranking: Union Bank CMD says conventional credit worthiness model does disservice to millions of entrepreneurs 24 Jan 2020 17:20 Access to formal sources of credit has been a perennial issue for small businesses with large number of entrepreneurs being dependant on the informal sources to fund their business. Within the sources of institutional credit, businesses largely relied on …
- India may raise duties on $56 bn worth of imports from China, elsewhere 24 Jan 2020 17:03 India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports from China and elsewhere, officials and industry sources said. Finance Minister …
- Budget 2020: Commerce department seeks funds to boost export finance 24 Jan 2020 17:03 As the Centre is reducing various export subsides, the Commerce Department is pitching for larger funds to develop exports and provide more trade finance, as part of the upcoming Budget. The subsidies form main component of the department’s budgetary …
- Nepal wants India to take back demonetised notes worth Rs 7 crore from its Central Bank 24 Jan 2020 16:46 By PTI KATHMANDU: Nepal's Central Bank is saddled with Rs 7 crore of demonetised Indian currency but India is not making "adjustments" to take back the notes, Foreign Minister Pradeep Kumar Gyawali said on Friday, hoping the scrapped notes …
- ‘India going through a slowdown like 2001-03, but there’s no crisis’ 24 Jan 2020 16:41 Our Bureau “There is a slowdown in India but not a crisis situation,” said Rashesh Shah, Chairman and CEO, Edelweiss Financial Group. Shah was speaking at the ‘BusinessLine Count Down to Budget 2020’ event in Mumbai. The event was presented by Shriram …
- Credit Suisse buys Indiabulls Housing shares worth Rs 72 crore 24 Jan 2020 16:24 New Delhi: Credit Suisse (Singapore) on Friday picked up Indiabulls Housing Finance Ltd shares worth over Rs 72 crore through an open market transaction. As per the bulk deal data on NSE, 22,36,394 shares, representing 0.52 per cent of the total shares of …
- Before new finance law worsens poverty index – The Guardian 24 Jan 2020 15:29 The spate of multiple taxation and arbitrary increase in taxes and local levies in the country has come under intense fire by many concerned stakeholders and citizens in recent times. With the passage of the new Finance Bill by the National Assembly and …
- Inequality, Stagnation and Instability ‒ the New Normal for Finance Capitalism 24 Jan 2020 15:12 Economy & Trade, Editors' Choice, Global, Headlines, Trade & Investment | Analysis Economy & Trade Yilmaz Akyüz is former Director, UNCTAD, and former Chief Economist, South Centre, Geneva Inequality out in the open. Credit: A.D. McKenzie…
- India may raise import duties on over 50 items 24 Jan 2020 14:39 NEW DELHI: India plans to increase import duties on more than 50 items including electronics, electrical goods, chemicals and handicrafts, targeting about $56 billion worth of imports from China and elsewhere, officials and industry sources said. Finance …
- Congress seeks calls from jobless 24 Jan 2020 14:35 New Delhi: The Congress on Thurs-day launched a helpline to register unemployed youth across the country and demanded that the government bring out a National Register of Unemployed (NRU) using those numbers. The programme launc-hed by the Indian Youth …
- 'He is chindi chor': BJP minister's jibe at Chidambaram's 'real tukde tuke gang' barb 24 Jan 2020 14:33 New Delhi: Union Minister Dharmendra Pradhan on Thursday called senior Congress leader P Chidambaram a "Chindi Chor" for accusing the central government of being the real "Tukde Tukde" gang. Pradhan's retaliation comes after former …
- Stock multiples looking pricey due to under-trend earnings: Rahul Bhasin 24 Jan 2020 12:37 Rahul Bhasin, Managing Partner, Baring Private Equity, says valuation distortions in the current market need to be seen in the context of cost of money, which is lower in the whole world today than what it was in last 1,000 years. Excerpts from an …
- F&O: Nifty negates lower lows of past 4 sessions to signal strength 24 Jan 2020 12:37 By Chandan Taparia Nifty50 opened flattish on Friday but witnessed buying throughout the session. The benchmark indices took support around the 50 DEMA on the daily chart and moved higher for the second consecutive session. It negated the formation of …
- India cenbank chief: govt must continue reforms, announce fiscal measures 24 Jan 2020 12:22 MUMBAI, Jan 24 (Reuters) - Monetary policy has its limits and the Indian government will have to use fiscal measures and structural reforms to revive demand and support the sagging economy, Reserve Bank of India governor Shaktikanta Das said in a speech on …
- Enemy property to the finance minister's rescue? 24 Jan 2020 11:24 NEW DELHI: The Centre on Thursday announced the formation of committees and a group of ministers to sell properties of Chinese and Pakistani nationals seized by the Indian government after the 1962 war against China and the 1965 and 1971 wars against …
- India’s economy seems to be shaking off a slump 24 Jan 2020 11:23 NEW DELHI: India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December. The needle on a gauge measuring so-called animal spirits signaled the economy may be …
- India's Cholamandalam Investment And Finance Company Dec-Quarter Consol Profit Rises 24 Jan 2020 10:19
- India Inc expecting budget to lower personal income tax rates 24 Jan 2020 08:14 India Inc is banking on the budget to see a reduction in personal income tax to revive the sagging consumption demand after getting the biggest tax break by way of a steep reduction in corporate tax rates, says a pre-budget survey. Finance Minister Nirmala …
- Mobile handsets & components under Make in India to get special push in Budget 24 Jan 2020 08:14 In late December, at one of the extensive closed door meetings that the PM has had with various industry vertical heads, a high-profile team representing India's digital economy outlined with way forward. At the meeting where the PM was most candid …
- India likely to fund some $28 billion of 2020/21 expenditure via off-budget borrowings: Sources 24 Jan 2020 08:13 NEW DELHI: India is likely to fund roughly $28 billion of its expenditure outlay in its budget for fiscal 2020/21 via off-budget borrowings, three government sources said, as it seeks to revive a sagging economy while keeping its fiscal deficit in …
- Shriram Transport Finance NCD manages to just scrape through 23 Jan 2020 06:38 The non-convertible debentures (NCD) issue of Shriram Transport Finance scraped through as many investors gave the offering a miss in the absence of topnotch rating. The issue, which closed on Wednesday, raised Rs 210 crore, slightly more than the base …
- Sodexo India appoints new country president 23 Jan 2020 06:09 NEW DELHI: Sodexo India has appointed Rohit Bahety to the role of country president, said the company. Bahety, who took over his new role this month, will also continue to be chief financial officer of the company. The company’s earlier country president …
- Finance Professional Bhavik Vasa Launches New Fintech Project GetVantage for India’s E-commerce Sector 23 Jan 2020 02:18 January 22, 2020 @ 5:43 pm By Omar Faridi Bhavik Vasa, an experienced Fintech entrepreneur and former CBO of the first online wallet ItzCash in India, has introduced a new financial technology project, called GetVantage, which is a revenue-based financing …
- Understanding India's Chilly Reception of Jeff Bezos - Harvard Business Review 22 Jan 2020 23:38 Executive Summary Jeff Bezos’s recent visit to India was marred by protests, an antagonistic remark by the Indian finance minister, and a refusal to meet by the Indian prime minister — all despite Bezos’s promising to spend a billion dollars and generate …
- India Stares at a Wide Revenue Gap Ahead of the National Budget on 1 February 22 Jan 2020 17:41 India 19:03 22.01.2020Get short URL New Delhi (Sputnik): All eyes will be on Indian Finance Minister Nirmala Sitharaman when she tables her second budget on 1 February in Parliament. Her second budget comes at a time when the country’s GDP growth is …
- Khelo India Youth Games conclude with colourful closing ceremony 22 Jan 2020 15:48 GUWAHATI: The third edition of the Khelo India Youth Games came to a close on Wednesday with a colourful ceremony, with Maharashtra being adjudged as the champion team with 256 medals, including 78 gold. After 13 days of intense competition, Maharashtra …
- Air India’s plane audit tender out, disinvestment EoI on way 22 Jan 2020 15:17 New Delhi, Jan 22 (IANS) The second attempt to sell Air India and its subsidiary Air India Express has begun with the national career floating tender for physical aircraft inspection of its fleet and data room related matters. The bid has been invited for …
- Personal Finance Software Market Study: An Introduction to Fundamental Charting 22 Jan 2020 15:02 HTF MI recently Announced Global Personal Finance Software study with 100+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on “Personal Finance Software. Global Personal Finance Software research allows you to get …
- Edelweiss Finance & Investments Limited announces Public Issue of Secured Redeemable NCDs amounting to Rs 250 crores 22 Jan 2020 14:26 Edelweiss Finance & Investments Limited ("EFIL"), the NBFC arm of Edelweiss group, today announced the public issue of Secured Redeemable Non-Convertible Debentures ("NCDs") of a face value of Rs. 1,000 each, amounting to Rs. 125 …
- India's Ujjivan Small Finance Bank Dec Quarter Profit Rises 22 Jan 2020 13:50
- India-Brazil pact on legal aid in criminal matters approved 22 Jan 2020 12:48 New Delhi, Jan 22 (IANS) The Union cabinet on Wednesday accorded approval to the agreement between India and Brazil on mutual legal assistance in criminal matters. The agreement aims to enhance the effectiveness of both countries in investigation and …
- Finance Ministry to showcase achievements of financial inclusion at Republic Day parade 22 Jan 2020 12:32 NEW DELHI: The Finance Ministry will showcase achievements of the financial inclusion drive through a tableau during the Republic Day parade on January 26. The Defence Ministry has selected the design of Department of Financial Services (DFS) of Ministry …
- Explained: A sweet tale of how India imported halwa, and made it its own 22 Jan 2020 12:10 Written by Yashee | New Delhi | Published: January 22, 2020 5:15:34 pm Finance minister Nirmala Sitharaman along with MoS Anurag Thakur at the halwa ceremony on January 20. (Source: Twitter/ Ministry of Finance) Finance Minister Nirmala Sitharaman on …
- Western Union and Bharti Airtel Unveil Real-time Global Payments into Millions of Bank Accounts in India and Mobile Wallets Across Africa 22 Jan 2020 11:55 DENVER & NEW DELHI & NAIROBI, Kenya--(BUSINESS WIRE)--Jan 22, 2020-- Western Union, a global leader in cross-border, cross-currency money movement and payments, and Bharti Airtel Limited, a leading global telecommunications company with operations …
- Airtel, Western Union team up to soon launch real-time cross-border money movements in India, Africa 22 Jan 2020 11:51 KOLKATA: Bharti Airtel has partnered with Western Union, a leading global money transfer company, to shortly launch real-time cross-border money movement and, in turn, drive financial inclusion and economic growth across India and Africa. Western Union has …
- Exim Bank LOCs demonstrate India’s project execution capabilities abroad 22 Jan 2020 10:48 The lines of credit (LOC) extended by Exim Bank to overseas governments has grown exponentially in the last 10 years with credit commitments aggregating $25.15 billion as on December 31, 2019. The bank has signed 257 LOCs, covering 61 countries. Besides, …
- Why Jeff Bezos was booed in India after promising a million jobs and a billion dollars 22 Jan 2020 10:17 Last week, Jeff Bezos landed in India, paid tribute to Mahatma Gandhi at the Raj Ghat memorial in New Delhi, and flew kites with locals. Those were among the only uncontroversial moments of his visit to a country where he wasn’t really welcomed with open …
- World doesn’t celebrate India’s achievement in climate tech enough: COP26 president Claire Perry 22 Jan 2020 10:08 As the ghost of Madrid looms large over this year’s annual UN climate talks, O’Neill has a challenging task ahead of her. (Source: British High Commission) Claire Perry O’Neill, president of the 2020 UN Climate Change Conference (COP26), has expressed …
- US watching developments between India-Pakistan over Kashmir very closely: Trump 22 Jan 2020 09:49 22 January, 2020 DAVOS: US President Donald Trump said the United States was watching developments between India and Pakistan over Kashmir “very closely” and was prepared to help if necessary. Speaking ahead of talks with Prime Minister Imran Khan on the …
- Cholamandalam Financial to invest Rs 350 cr in Chola Investment and Finance 22 Jan 2020 09:33 Cholamandalam Financial Holdings Limited's, formerly known as TI Financial Holdings Limited, Board of Directors approved an investment of upto Rs 350 crore in the proposed preferential issue of Cholamandalam Investment and Finance Company Limited ( …
- India Ratings pegs 2020-21 GDP growth at 5.5 per cent 22 Jan 2020 09:02 Domestic rating and research agency India Ratings and Research on Wednesday estimated India’s Gross Domestic Product (GDP) would grow at 5.5 per cent in fiscal year 2020-21 (FY21). Though, this is slightly higher than the 5 per cent GDP growth rate …
- Adani Capital acquires Essel Finance’s MSME loan business 22 Jan 2020 09:00 MUMBAI: Adani Capital Pvt. Ltd, the NBFC arm of the Adani Group, focused on lending to small & micro entrepreneurs, has acquired Essel Finance’s MSME loan business. The business has a secured loan book of approximately Rs 145 crore comprising 1100 …
- India's GDP to grow at 5.5% in FY21, says India Ratings 22 Jan 2020 08:44 India Ratings and Research (Ind-Ra) expects a marginal improvement in economic growth in next fiscal, however, it cautioned that the downside risks persist. Ind-Ra expects gross domestic product (GDP) to grow at 5.5 per cent in FY21. The ratings agency …
- Nifty CPSE index slips 3%; IOCL, Oil India hit 52-week lows 22 Jan 2020 08:36 Shares of Central Public Sector Enterprises (CPSEs) were under pressure with Nifty CPSE index falling 3 per cent on the National Stock Exchange (NSE) on Wednesday. Oil and Natural Gas Corporation (ONGC), Oil India and Coal India dipped more than 4 per cent …
- Pak-India conflict: Trump willing to help as Imran seeks US role 22 Jan 2020 08:33 Pak-India conflict: Trump willing to help as Imran seeks US role DAVOS, Switzerland: President Donald Trump said the United States was watching developments between India and Pakistan over Kashmir “very closely” and was prepared to help if necessary, but …
- India initiates probe into alleged dumping of newsprint from 5 countries 22 Jan 2020 08:21 NEW DELHI: India has started a probe into alleged dumping of newsprint, used in printing of newspapers, from five countries, including Australia and Canada, following a complaint by an industry association. Indian Newsprint Manufacturers Association has …
- Investors in India hope to see tax on equity gains scrapped 22 Jan 2020 07:56 By Nupur Acharya, Moxy Ying and Ronojoy Mazumdar Removal of the long-term capital gains tax and measures to boost consumption are high on equity investors’ wish list from India’s federal budget due Feb. 1. With the economy facing its worst growth, …
- Share market update: PSU shares decline; Oil India falls 5% 22 Jan 2020 07:12 NEW DELHI: Shares of PSU were trading with losses in Wednesday's afternoon session. Shares of Oil India (down 4.76 per cent), Coal India (down 4.67 per cent), Oil & Natural Gas Corporation (down 4.15 per cent), NTPC (down 3.5 per cent), Bharat …
- Deals Buzz: Adani Capital acquires Essel Finance’s MSME lending biz 22 Jan 2020 06:21 Adani Capital acquires Essel Finance’s MSME lending biz Adani Capital Pvt. Ltd, the non-banking financial company (NBFC) arm of Adani Group focused on small and micro-entrepreneurs, has acquired Essel Finance’s micro, small and medium enterprises (MSME) …
- India Inc seeks liquidity boost for NBFCs, HFCs 22 Jan 2020 04:49 New Delhi: India Inc has asked the government to take steps to enhance liquidity available to Non-Banking Finance Companies (NBFC) and Housing Finance Companies (HFC) to boost demand. The Confederation of Indian Industry (CII) has recommended that the RBI …
- India attractive in itself, not just as alternative to China: PAG Boss 22 Jan 2020 03:58 Hong Kong-based private equity group Pacific Alliance Group (PAG) is looking to invest upwards of a billion dollars in India over the next three years to buy out targets, provide growth equity and even structured finance with an eye to fix broken balance …
- IMF growth downgrade ups pressure on India 22 Jan 2020 03:45 NEW DELHI: A decision by the International Monetary Fund (IMF) to downgrade its economic growth forecast for India is adding to pressure on Indian Prime Minister Narendra Modi over his policies. Opposition leaders and economists on Tuesday blasted the …
- Not enough EV sales yet to build viable finance plan, say lenders 22 Jan 2020 03:08 MUMBAI: Inadequate charging infrastructure, reliance on battery imports, range anxiety and high prices are not the only problems in India’s EV industry. Financing these cars isn’t too easy either. At the core is viability – and volumes. Financiers said …
- Where India fits in Japan’s Indo-Pacific strategy 21 Jan 2020 21:18 NEW DELHI – The arrival of China as a major actor in the international system is causing structural shifts in the distribution of power as it challenges the role of the United States and its allies. In its attempt to alter the existing hierarchy of states …
- Addressing Rape in India 21 Jan 2020 19:32 AdvertisementOn February 1, four convicts in the Nirbhaya rape-murder case, which occurred in December 2012 in India’s capital city of New Delhi, will be hanged as per the court’s order.* The sheer barbarity involved in the crime committed against the 23- …
- Adani Capital acquires Essel Finance’s MSME lending business 21 Jan 2020 19:00 Through the acquisition, Adani Capital has secured a loan book of around ₹145 crore, operating out of 10 cities, comprising approximately 1,100 customers and 40 employees. This is the second asset of debt-laden Subash Chandra group that Adani has acquired. …
- How India can fix its problem of not collecting enough taxes 21 Jan 2020 17:57 India simply does not collect as much tax as it should. The Centre and the states together collect tax worth about 17% of GDP, as much as Burkina Faso or Honduras does. Poor tax collections crimp the government’s ability to spend on the things it alone can …
- Letter to BS: RBI won't be required if generalists could manage finance 21 Jan 2020 17:52 This refers to the well written letter by the veteran RBI-ite Shri R C Mody ("History repeats itself", January 20). As an officer who was engaged in the inspection of commercial banks across the country for over 20 years, I can say that if …
- WekaIO Appoints Intekhab Nazeer as Chief Finance Officer 21 Jan 2020 16:14 CAMPBELL, Calif., Jan. 21, 2020 – WekaIO (Weka), the innovation leader in high-performance, scalable file storage for data-intensive applications, today announced the appointment of Intekhab Nazeer as Chief Finance Officer (CFO). Intekhab Nazeer. Image …
- Zero budget natural farming good for soil, but may leave India hungry: Study 21 Jan 2020 15:58 Wider adoption of zero budget natural farming (ZBNF), which the Central government is seeking to promote as a way to help farmers double their income, can actually lead to India not being able to meet its requirement for food for all its population in …
- Indian Navy signs MoU with Geological Survey of India | LIVE 21 Jan 2020 15:53 Jan 21, 2020 8:35 PM (IST) Posted by Rashi Hardaha Bengaluru airport starts virus screening of Far East arrivals Bengaluru's Kempegowda International Airport (KIA) has set up a Novel Corona Virus screening mechanism in the premises in a bid to prevent …
- Here’s how the ‘winners’ from India’s Budget last year fared 21 Jan 2020 11:09 NEW DELHI: From banks to farmers to the property market, the gains from India’s Budget in July haven’t yet panned out as expected. In her maiden Budget six months ago, finance minister Nirmala Sitharaman pledged to boost revenue collection by 13%, narrow …
- IMF downgrade of growth outlook ups pressure on India's Modi 21 Jan 2020 10:37 SHEIKH SAALIQ, Associated Press Updated 2:31 am PST, Tuesday, January 21, 2020 Photo: Mahesh Kumar A, AP Indian workers repair an advertising hoarding in Hyderabad, India, Tuesday, Jan. 21, 2020. The IMF on Monday lowered India’s economic growth estimate …
- Ministry of Commerce to showcase Startup India tableau at Republic Day Parade 21 Jan 2020 10:23 NEW DELHI: The commerce and industry ministry on Tuesday said it will showcase a tableau on Startup India, which aims to promote innovation and entrepreneurship in the country, at the Republic Day Parade. With the theme 'Startups: Reach for the Sky…
- Two-player telecom market would be too risky in India: Trai officials 21 Jan 2020 08:04 NEW DELHI: A two-private player duopoly in the telecom market would be too risky in India, especially for the consumers, senior officials at the sectoral watchdog said. They pointed out that the telecom regulator had recommended relief measures such as a …
- Few will be able to avail SBI's new home finance 'buyer guarantee' scheme: Here's why 21 Jan 2020 06:04 Early in January, the State Bank of India (SBI) introduced a 'Residential Builder Finance with Buyer Guarantee' (RBBG) scheme to safeguard homebuyers financially against non-completion of projects. Those home buyers taking a loan from SBI under …
- Sell Indiabulls Housing Finance, price target Rs 282: CK Narayan 21 Jan 2020 04:02 CK Narayan of Chart Advise has a sell call on Indiabulls Housing Finance Ltd. with a target price of Rs 282.0 . The current price of Indiabulls Housing Finance Ltd. is Rs 294.4 Time period given by the analyst is Intra Day when Indiabulls Housing Finance …
- New India Co-operative Bank shareholders approve conversion to small finance bank 20 Jan 2020 19:11 MUMBAI: The New India Co-operative Bank (NICB) on Monday said its shareholders have decided to convert it into a small finance bank. The move comes after a slew of regulatory changes by the RBI following the Rs 4,500-crore PMC Bank fraud and to ensure …
