Financial

  • Polycab India hits new lifetime high of Rs 950, surges 71% in three months 21 Nov 2019 10:17 Polycab India (PIL) shares continued its northward journey, climbing 1 per cent on the BSE on Thursday in an otherwise range-bound market to clock a new lifetime high of Rs 950. The stock was trading at the highest level since its listing on April 16, 2019 …
  • India Post Payments Bank may be turned into a small finance lender 21 Nov 2019 10:09
  • New LCR framework to strengthen NBFCs' liability profile: Ind-Ra 21 Nov 2019 09:36 Mumbai (Maharashtra) [India], Nov 21 (ANI): New guidelines on liquidity risk management (LCR) announced by the Reserve Bank of India (RBI) for non-banking finance companies (NBFCs) including core investment companies (CICs) will increase discipline in …
  • India govt approves deferred spectrum payments for telecom operators 21 Nov 2019 09:10 The Indian Cabinet has approved a 2-year moratorium on spectrum fees for domestic telecommunications operators, The Economic Times reports, citing Finance Minister Nirmala Sitharaman. "In view of the current fin stress faced by major telecom service …
  • DHFL plunges 5% as RBI to refer NBFC to bankruptcy court 21 Nov 2019 08:57 Shares of Dewan Housing Finance Corporation (DHFL) declined over 4 per cent intraday on Thursday after the Reserve Bank of India on Wednesday placed the beleaguered NBFC under an administrator and said the resolution process will begin shortly. The scrip …
  • Decentralized Renewable Energy Can Drive Modern Electricity System In India 21 Nov 2019 08:25 Electricity systems across the globe are undergoing a paradigm shift towards decentralization. This shift is being brought about by technological disruptions, coupled with innovations in business models. As countries seek to meet their emission reduction …
  • Share market update: Nifty Financial Services index up; HDFC Life up 1% 21 Nov 2019 08:10 NEW DELHI: The Nifty Financial Services index was up with its components trading mixed in Thursday's afternoon session. Shares of ICICI Bank (up 1.35 per cent) , HDFC Life Insurance Company (up 1.27 per cent) , ICICI Lombard General Insurance Company ( …
  • This Bill will decide how India Inc will hire and fire 21 Nov 2019 07:24 Sitharaman said the Bill has proposed giving a legal framework for fixed-term employment through which contract workers serving a fixed-tenure will get equal statutory social security benefits as regular workers in the same unit. The Centre on Wednesday …
  • Haircuts for Indian Finance — Bald or Bold? 21 Nov 2019 07:04 As I wrote earlier, for the lenders to pretend that they were going to restructure Dewan’s $12 billion in liabilities outside of court supervision was just a Bollywood fantasy. The problem is that India’s 2016 insolvency law, modeled on the U.K. system, is …
  • RBI takes control of DHFL board over governance issues 21 Nov 2019 05:27 Mumbai: The Reserve Bank of India (RBI) superseded the board of troubled mortgage lender Dewan Housing Finance Corp Ltd (DHFL), citing “governance concerns and defaults” and said it will start insolvency proceedings against the nonbanking finance company ( …
  • Zee Entertainment shares rally 10% as promoters sell stake 21 Nov 2019 05:27 Shares of Zee Entertainment hit the upper circuit in opening deals on Thursday after reports said 14.52 crore shares of the company changed hands in a block deal on the National Stock Exchange (NSE). The scrip rallied 10 per cent to Rs 337.85, while the …
  • Homebuyers seek PM's help on right to take errant realtors to NCLT 21 Nov 2019 02:54 Mumbai: Homebuyers’ lobby Forum for People’s Collective Efforts (FPCE) has sought Prime Minister Narendra Modi’s intervention to stop any move to restrict homebuyers from moving the National Company Law Tribunal (NCLT) against errant builders. Last year, …
  • Paytm's Vijay Shekhar Sharma cautions customers of scam messages and emails 21 Nov 2019 02:54 MUMBAI: Paytm founder Vijay Shekhar Sharma has taken to social media to plead with customers to maintain caution and not fall for scam messages and emails from fraudsters pretending to be company officials. “Pls (please) don’t trust any SMS sent on …
  • Best of BS Opinion: RCEP and the two futures for India and its industry 21 Nov 2019 02:03 From the opportunities India might lose out on by staying out of the Regional Comprehensive Economic Partnership and the inherent flaws in the government’s flagship crop insurance programme to the economic and political challenges hobbling Sri Lanka, here…
  • Business Maverick: India Approves Privatisation of State-Run Refiner 21 Nov 2019 01:19 India’s cabinet committee on economic affairs decided to sell government’s entire stake in Shipping Corp. of India Ltd. while transferring ownership in Container Corp. of India Ltd., Finance Minister Nirmala Sitharaman said in New Delhi. A proposal to pare …
  • Assam rejects SC-led NRC, seeks encore 20 Nov 2019 22:29 Guwahati: Within hours of Union home minister Amit Shah announcing that the National Register of Citizens (NRC) will be held for the entire country, Assam finance minister Himanta Biswa Sarma on Wednesday said the state government has requested the Centre …
  • India grants MVR 1.9 million to refurbish Fiyavathi 20 Nov 2019 22:28 The Indian government has issued a grant of MVR 1.9 million for the refurbishment of Fiyavathi – the state-run children’s shelter located in suburban Hulhumale’. Finance Ministry reports the grant will be used to upgrade the shelter’s security system, …
  • ED Attaches Properties Of 6 Militants 20 Nov 2019 20:08 File Pic SRINAGAR –  Enforcement Directorate has attached properties of at least 6 Hizbul Mujhadeen militants so for in Kashmir Valley. The properties have been attached in South Kashmir’s Islamabad district and Bandipora and Sopore areas of North Kashmir. …
  • Administrative Council Set Up In JK With LG Murmu As Chairman 20 Nov 2019 20:06 Lt Governor G C Murmu – File Pic JAMMU – The Union Territory of Jammu and Kashmir has constituted an administrative council with Lt Governor G C Murmu as its chairman to discharge the functions of a government. “Sanction is hereby accorded to the …
  • Govt recognised 7,141 startups till Nov 5: Piyush Goyal 20 Nov 2019 19:23 NEW DELHI: Commerce and industry minister Piyush Goyal on Wednesday said the said 7,141 start-ups are recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) in this fiscal till November 5. Out of this, a maximum of 1,778 are from …
  • Taking India’s economy beyond US$5 trillion 20 Nov 2019 19:04 Author: NR Bhanumurthy, National Institute of Public Finance and Policy The government of India has set a new medium-term macro growth target, hoping the economy will grow to US$5 trillion by the end of 2024–25. Currently, it sits at US$2.3 trillion. The …
  • COAI welcomes 2-year spectrum moratorium but says financial stress continues 20 Nov 2019 18:58 Cellular Operators Association of India (COAI)- an industry body representing private telcos welcomed government's call to give a two year spectrum moratorium but said that the financial stress in the sector continues. " ...this will certainly …
  • Cabinet makes key changes to TOT framework, allows NHAI to raise funds against toll revenue 20 Nov 2019 18:55 NEW DELHI: The cabinet on Wednesday approved a slew of measures to make monetisation of road assets more investor friendly, as the government gets cracking on raising funds through asset recycling. Among key changes, the National highways authority of …
  • India to offload Bharat Petroleum in state stake sell-off 20 Nov 2019 17:53 NEW DELHI — India has agreed to sell stakes in five state-run companies, including oil refiner Bharat Petroleum Corp (BPCL), its finance minister said on Wednesday, a move that could help bridge a widening fiscal gap. Prime Minister Narendra Modi’s …
  • India allows telecoms firms to defer spectrum payments 20 Nov 2019 17:44 NEW DELHI, Nov 20 (Reuters) - India will allow mobile operators to defer payments due for airwave capacity bought via auction until the end of March 2022, the federal finance minister said late on Wednesday. The decision of Prime Minister Narendra Modi’s …
  • Cabinet approves import of 1.2 lakh tonnes onion: Finance Minister Nirmala Sitharaman 20 Nov 2019 17:21 By PTI NEW DELHI: The Cabinet on Wednesday gave its approval to the Food Ministry's recent decision to import 1.2 lakh tonnes of onions in a bid to improve the domestic availability of the key kitchen staple and check prices. Finance Minister Nirmala …
  • India to start DHFL's bankruptcy proceedings in latest shadow banking crisis 20 Nov 2019 17:07 * DHFL owes 1 trillion rupees to lenders * India c.bank takes decision because of DHFL’s defaults * Move comes after another firm IL&FS defaulted last year * Shadow banks ailing but play key role in India’s economy (Updates throughout with comments, …
  • Stalled residential projects worth $66 billion face bankruptcy proceedings 20 Nov 2019 16:32 MUMBAI: Owing to the financial crisis and the slowdown in the real estate sector, residential projects worth around USD 66 billion are facing bankruptcy proceedings, a recent survey said. According to property consultant JLL, nearly 4.54 lakh units running …
  • Task force studying feasibility of converting India Post Payments Bank into small finance bank: Prasad 20 Nov 2019 15:36
  • Five state finance ministers lash out at Centre over delay in GST compensation 20 Nov 2019 14:39 New Delhi, Nov 20 () Five opposition-ruled states on Wednesday hit out at the Centre over delays in releasing GST compensation saying their finances are in dire strait due to delays. AAP-ruled Delhi, TMC-run West Bengal, Congress-ruled Punjab and Rajasthan …
  • India tightens rules on loan default disclosure for public firms 20 Nov 2019 13:17 MUMBAI/BENGALURU, Nov 20 (Reuters) - India’s publicly listed firms must disclose any failure to repay loans within 24 hours in cases where 30 days have passed since the default, its securities regulator said on Wednesday, tightening rules at a time …
  • India cenbank to begin bankruptcy proceedings against shadow lender DHFL 20 Nov 2019 12:58 BENGALURU, Nov 20 (Reuters) - The Reserve Bank of India on Wednesday said it will initiate bankruptcy proceedings against shadow lender Dewan Housing Finance Ltd (DHFL). The central bank has here superseded the board of DHFL and appointed an administrator …
  • Lendingkart makes key hires to leadership team as part of ongoing growth strategy 20 Nov 2019 12:27 BENGALURU: Fintech company Lendingkart Technologies has announced two key senior appointments as part of its continuing strategy to grow services and outreach - Mohit Bajaj as chief financial officer for the group’s NBFC arm, Lendingkart Finance, and …
  • 2020 may see PSBs, pharma outperforming: Sanjiv Bhasin 20 Nov 2019 12:25 SBI, Bank of Baroda, Canara Bank and PNB can give at least a 30% upside from present prices, says Sanjiv Bhasin, Executive V-P, IIFL Securities. Excerpts from an interview with ETNOW. On Aviation Stocks There has been a relative slowdown of the economy but …
  • RCEP did not address outstanding issues, concerns of India: Goyal 20 Nov 2019 12:12 New Delhi, Nov 20 () The government told Lok Sabha on Wednesday that it did not join the mega free trade agreement RCEP as the grouping did not address the outstanding issues and concerns of India. Commerce and Industry Minister Piyush Goyal in a written …
  • Aye Finance raises 20 Nov 2019 11:31 Small business lender Aye Finance Pvt. Ltd on Tuesday said it has raised ₹ 125 crore in debt from Dutch development bank FMO — its second such debt infusion in the last three months. FMO said it will work closely with Aye Finance to expand services to …
  • Govt mulling converting India Post Bank to small fin bank 20 Nov 2019 09:48 New Delhi, Nov 20 (IANS) The government on Wednesday told Lok Sabha that it is exploring the possibility of converting India Post and Payments Bank into a small finance bank. “Possibilities of converting it (IPPB) into a small finance bank is being …
  • Fossil Fuel Production From India To US To Blow Past Climate Goals: UN 20 Nov 2019 08:31 China and the US plan to produce fuels by 2030 at levels between 50-120%. (File) London: The world's major fossil fuel producers are set to bust global environmental goals with excessive coal, oil and gas extraction in the next decade, the United …
  • FASTag mandatory for all vehicles from Dec 1: Here's how to buy, activate it 20 Nov 2019 07:35 How to buy and activate your FASTag FASTags are issued by 22 certified banks through various channels such as Point-of-Sale (POS) at National Highway toll plazas and select bank branches. They are also available on e-commerce platform such as Amazon. After …
  • Aye Finance raises Rs 125 crore from Dutch bank FMO 20 Nov 2019 07:21 New Delhi, Nov 20 () Fintech startup Aye Finance on Wednesday said it has raised Rs 125 crore from Dutch entrepreneurial development bank FMO through issuance of non-convertible debentures. With this fundraising, Aye plans to expand its outreach in …
  • Hopeless cases! These stocks need up to 3,000% rise to hit 52-week highs 20 Nov 2019 06:56 NEW DELHI: At least 58 stocks from the BSE500 basket need to surge anywhere between 100 per cent and 3,000 per cent if they were to revisit their 52-week highs. If the same set of stocks are to touch new record highs, they would need a near-impossible …
  • Bank Fraud Worth $13.68 Billion Reported in India, Finance Minister Reveals 20 Nov 2019 06:39 World 17:54 19.11.2019(updated 07:59 20.11.2019) Get short URL New Delhi (Sputnik): Fraud in the Indian banking system is being reported despite the government having a framework for the timely detection, reporting, an investigation of such incidents. The …
  • Can India get to $5 trillion? 20 Nov 2019 06:36 'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan. Illustration: Dominic Xavier/Rediff.com   There is simply no way to get away from the fact that the clouds …
  • BJP making India's best organisations hollow, selling them: Priyanka Gandhi 20 Nov 2019 05:36 By PTI NEW DELHI: Congress leader Priyanka Gandhi Vadra on Wednesday hit out at the government over Finance Minister Nirmala Sitharaman's reported remarks that Air India and Bharat Petroleum Corporation could be sold by March, alleging the BJP is …
  • India is heading for an economic growth of below 5% 20 Nov 2019 04:56 By Vrishti Beniwal India’s economic growth probably hit a new low last quarter, with early forecasts showing expansion below 5%. Economists at State Bank of India, Nomura Holdings Inc. and Capital Economics Ltd. lowered their growth forecasts for the …
  • Kenya risks losing port to China casting shadow over India's outreach in Eastern Africa 20 Nov 2019 04:51 NEW DELHI: Kenya risks losing the lucrative Mombasa port to China should the country fail to repay huge loans advanced by Chinese lenders in what would be a rerun of Hambantota episode in Sri Lanka casting a shadow on India's outreach in Eastern Africa …
  • Buy L&T Finance Holdings, target Rs 108: Nirav Chheda 20 Nov 2019 04:33 Nirav Chheda of Nirmal Bang Securities has a buy call on L&T Finance Holdings Ltd. with a target price of Rs 108.0 . The current market price of L&T Finance Holdings Ltd. is Rs 99.9 Time period given by analyst is Intra Day when L&T Finance …
  • Not bottomed out yet? India may grow at less than 5% in FY20, say forecasts 20 Nov 2019 03:39 India’s economic growth probably hit a new low last quarter, with early forecasts showing expansion below 5%. Economists at State Bank of India, Nomura Holdings Inc and Capital Economics Ltd lowered their growth forecasts for the quarter ended September to …
  • Ascendas India Trust raises $150m from oversubscribed private placement 20 Nov 2019 01:57 It will be used to fund a business park development in Bangalore. Ascendas India Trust (a-iTrust) has raised $150m from a 4.1 times oversubscribed private placement of 99.47 million units, an announcement revealed. Also read: Ascendas property fund to …
  • People, not oil, are the Nigeria’s greatest asset — Ex Finance Minister 19 Nov 2019 22:44 Dr Mansur Muhtar, Vice- President, Islamic Development Bank and Former Minister of Finance, says the greatest potential Nigeria needs to explore is its people and not oil. Muhtar said this while unveiling of the Book “Pathways to Political and Economic …
  • Muthoot Finance acquires stake in IDBI MF 19 Nov 2019 22:32 On November 8, the IDBI Bank said that its board had approved sale of its entire stake in IDBI Asset Management. Chennai: Gold loan company Muthoot Finance has acquired stakes in IDBI Asset Management and IDBI MF Trustee Company. In a clarification made to …
  • India vulnerable to oil price, capital flows shocks: YV Reddy 19 Nov 2019 16:58 Recent developments in China, Iran and the Middle East have the potential to generate two types of shocks — oil price and capital flows — and India is vulnerable to both, according to YV Reddy, former RBI Governor. Reddy said: “there is a bipolar world …
  • Finance panel may reject Rs 835-bn package to help fight air pollution 19 Nov 2019 15:31 The Finance Commission has told the power ministry that its proposal to award utilities Rs 835 billion ($11.6 billion) in incentives to install equipment to curb emissions is "unviable," a senior official at the ministry told Reuters on Tuesday. …
  • F&O: Call writers exit shorts at 12,000; India VIX declines 2.20% 19 Nov 2019 12:59 By Chandan Taparia Nifty on Tuesday managed to hold Monday’s low and gradually extended its gains towards the 11,960 mark. On daily chart, the index formed a small green-bodied candle with a lower shadow, as we saw buying interest from lower levels. …
  • India's state-run banks report fraud of more than $13 bln in 6 months 19 Nov 2019 12:54 (Adds details) By Manoj Kumar NEW DELHI, Nov 19 (Reuters) - India’s state-run banks reported fraud worth 958 billion rupees ($13.3 billion) from April to end-September of this year, the country’s finance minister said on Tuesday, as the government …
  • All That Glitters Is Not Gold: India’s Yellow Metal Rationing Plan to Have Heavy Tax Component 19 Nov 2019 12:17 World 14:04 19.11.2019Get short URL New Delhi (Sputnik): The Indian government is set to clamp down on undeclared forms of finance, known as black money. It earlier launched two schemes for the disclosure of such monies and implemented a currency swap in …
  • India's state-run banks report frauds of more than $13 bln in 6 months: minister 19 Nov 2019 11:07 NEW DELHI, Nov 19 (Reuters) - India’s state-run banks reported fraud worth 957.6 billion rupees ($13.34 billion) in the first six months of the fiscal year 2019/20 ending in March, finance minister told lawmakers on Tuesday. The number of fraud cases …
  • 15 foreign banks keen to open branches in India 19 Nov 2019 09:30 New Delhi:  India could have more foreign banks soon as in the case of other Asian countries like China, Singapore and Hong Kong with 15 overseas banks have been in touch with the Central Bank, to open branches in the country. As per RBI Data, already 46 …
  • Buy M&M Finance target price Rs 350: Kunal Bothra 19 Nov 2019 06:56 Kunal Bothra of Independent Analyst has buy call on Mahindra & Mahindra Financial Services Ltd. with a target price of Rs 350.0 . The current market price of Mahindra & Mahindra Financial Services Ltd. is Rs 328.95 Kunal Bothra recommended to keep …
  • Buy Power Finance Corporation, target price Rs 126: CK Narayan 19 Nov 2019 06:56 CK Narayan of Chart Advise has buy call on Power Finance Corporation Ltd. with a target price of Rs 126.0 . The current market price of Power Finance Corporation Ltd. is Rs 117.85 CK Narayan recommended to keep stoploss at Rs 113 Power Finance Corporation …
  • ET Awards: A Bandhan that ties micro credit, branch banking and home finance 19 Nov 2019 04:34 KOLKATA: On September 28, 2018, Bandhan Bank founder Chandra Shekhar Ghosh was in for a rude shock. The regulator came down heavily on him and the bank he had founded for his failure to pare down the promoter stake to the prescribed 40%. The Reserve Bank …
  • SA Bobde takes charge as India's 47th Chief Justice of India 19 Nov 2019 02:29 New Delhi: Justice Sharad Arvind Bobde was on Monday sworn in as the Chief Justice of India. He was administered the oath of office by President Ram Nath Kovind at Rashtrapati Bhavan’s Durbar Hall. Justice Bobde, 63, the 47th Chief Justice of India, will …
  • Finance Minister Nirmala Sitharaman and Commerce Minister Piyush Goyal to speak at ET Awards 2019 19 Nov 2019 01:29 NEW DELHI: For India Inc, the near-future course of the country’s economy and global trade negotiations are top-of-themind issues. In less than a fortnight, business leaders will get the opportunity to listen to two policymakers who will directly influence …
  • Justice Bobde takes charge as India’s 47th Chief Justice 19 Nov 2019 01:27 Justice Bobde, 63, the 47th Chief Justice of India, will serve till April 23, 2021 — a tenure of over 17 months, or 522 days to be precise. New Delhi: Justice Sharad Arvind Bobde was on Monday sworn in as the Chief Justice of India. He was administered the …
  • Pilot vs Air India: Supreme Court gives nod for NCLT case 19 Nov 2019 01:23 The Supreme Court has asked the National Company Law Tribunal (NCLT) to consider afresh a plea by a serving Air India (AI) pilot who has sought to initiate insolvency proceedings against the airline for failing to pay his past dues. (Representational image …
  • How India’s growth bubble fizzled out 18 Nov 2019 21:42 Through the 1990s, India steadily ceded ground to neighbouring China, which emerged as a global export powerhouse of labour-intensive products (Jayachandran /Mint) 18 Nov 2019 Ashoka Mody The Live Mint The slowdown is not a short-term disruption. What …
  • India is still fastest-growing economy among G-20 nations: Nirmala Sitharaman 18 Nov 2019 20:27 She said the average growth rate was 7.5 per cent in 2014-19, which is the highest amongst G-20 countries. New Delhi: The Centre on Monday said that India's economic growth has decelerated but still remains the fastest-growing economy among G-20 …
  • Punjab National Bank, Union Bank of India get in-principal nod from government for proposed merger 18 Nov 2019 18:31 Punjab National Bank (PNB) and Union Bank of India on Monday said they have received in-principal approval from the government for their amalgamation with other public sector banks. “Bank has received a letter dated November 13, 2019 from Department of …
  • Finance Minister To Table Chit Fund Amendment Bill In Lok Sabha Today 18 Nov 2019 18:29 The Parliament will take up the Chit Fund (Amendment) Bill, 2019 on the first day of the Winter Session, which is aimed at putting in place a mechanism to ensure transparency in chit fund schemes and protect subscribers and regulate the industry. The …
  • Not facing 5% slowdown, India remains fastest-growing economy: Govt 18 Nov 2019 17:59 Amid Opposition protests and demands for a discussion on economic slowdown, the Narendra Modi government on Monday said India did not face a 5 per cent gross domestic product (GDP) slump. The country continues to be the fastest growing economy in the world …
  • 15th Finance Commission likely to get extension for J&K and Ladakh 18 Nov 2019 17:59 The 15th Finance Commission is likely to get an extension, as the panel has to examine devolution to Union Territories of Jammu and Kashmir and Ladakh in the light of Jammu and Kashmir Reorganisation Act, 2019. Chairman NK Singh, on the sidelines of an …
  • India's Competition Regulator Approves Welspun Corp Unit Sale To Laptev Finance 18 Nov 2019 17:10
  • Laptev Finance gets CCI nod to acquire Welspun's plates and coils biz 18 Nov 2019 13:14 New Delhi, Nov 18 () The Competition Commission on Monday said it has approved the acquisition of Welspun Corp's plates and coils mill division by Laptev Finance Pvt Ltd. Welspun Corp in March had said it will sell its assets worth Rs 940 crore to two …
  • India needs to build venture capital industry: Uday Kotak 18 Nov 2019 13:02 From a policy point of view, find ways of giving big incentives for domestic savings moving into venture capital, says Uday Kotak, executive vice chairman and MD, Kotak Mahindra Bank. Excerpts from an interview with ETNOW. What is your view on the Indian …
  • Finance Commission likely to get extension for working on devolution to UTs of J&K, Ladakh 18 Nov 2019 12:51 NEW DELHI: The Finance Commission may get extension as the panel has to examine devolution to Union territories of Jammu and Kashmir and Ladakh in the light of Jammu and Kashmir Reorganisation Act, 2019. According to the Act, the distribution of taxes …
  • India still projected as fastest growing economy: FM 18 Nov 2019 11:06 New Delhi, Nov 18 (IANS) Finance Minister Nirmala Sitharaman on Monday said in the Lok Sabha that growth has decelerated, but there is no slump and India is still projected to be the fastest growing economy in FY20 among the G-20 nations. She said the …
  • Stock pick of the week: Why analysts are bullish on M&M Finance 18 Nov 2019 10:17 With a 34% y-o-y fall in net profit, Mahindra & Mahindra Financial Services has reported weak numbers for the second quarter of 2019-20. However, analysts are getting bullish on this counter due to several reasons. First, the 10% y-o-y and 8% q-o-q …
  • Rajya Sabha represents soul of India's federal structure, says PM Modi | LIVE 18 Nov 2019 09:33 Nov 18, 2019 2:46 PM (IST) Posted by Manas Joshi PM Modi concludes his speech in Rajya Sabha PM Narendra Modi has concluded his speech in Rajya Sabha. Nov 18, 2019 2:46 PM (IST) Posted by Manas Joshi PM Modi praises NCP and BJD during Rajya Sabha speech PM …
  • No five per cent slum; India continues to be fastest growing economy: Modi government in Lok Sabha 18 Nov 2019 09:08 By PTI NEW DELHI: India is not facing 5 per cent economic slowdown and continues to be the fastest-growing economy in the world, Union Minister Anurag Thakur said in Lok Sabha on Monday. During Question Hour, Thakur also said that a number of steps are …
  • India plans strategic stake sales in 28 state-run companies: minister 18 Nov 2019 08:48 NEW DELHI (Reuters) - India's cabinet has given 'in-principle' approval for the sale of strategic stakes in 28 state-run companies including state carrier Air India (AIN.UL), junior finance minister Anurag Singh Thakur told lawmakers on Monday. …
  • Govt to sell Air India, BPCL by March 2020: Sitharaman 18 Nov 2019 07:56 In 2018, government put up 76 per cent stake of Air India for sale, which saw a lukewarm response by investors. New Delhi: The government is planning to sell two state-run companies Air India and Bharat Petroleum Corporation Limited (BPCL) by March 2020, …
  • Muthoot Finance expects over 15% AUM growth after Q3 and Q4 18 Nov 2019 07:50 In order to tide over liquidity problem, we have done one retail NCD issue where we have collected Rs 460 crore two weeks back and another NCD retail is also coming up for a like amount in the next 10 days. Also, we also went for the external commercial …
  • India’s only largecap that vaulted 1,000% in last 5 years still has some steam left 18 Nov 2019 06:07 ‘Unstoppable’ is the term that can be used for non-banking finance company Bajaj Finance, whose shares have rallied 1,318 per cent, the most in the largecap space, in last five years. This break-neck rally shrugged off everything, from a painful downturn …
  • Parliament LIVE Updates: Hope this session takes India’s journey forward, says PM Modi 18 Nov 2019 04:54 Parliament winter session is scheduled to conclude on December 13 Parliament Winter Session 2019 Today LIVE Updates: The Winter Session of Parliament will commence today amid concerns over the economic slowdown, farm distress and the political situation in …
  • Stocks in the news: Vodafone Idea, Bank of India, IOB, DHFL, RCom and NBCC 18 Nov 2019 02:57 NEW DELHI: Nifty futures on the Singapore Exchange traded 3 points, or 0.03 per cent, higher at 11,941, indicating a flat start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade: Bank of India, Indian Overseas Bank: State- …
  • Family finance: Prakashs need to speed up investment, revamp insurance portfolio to achieve goals 18 Nov 2019 01:28 S Prakash is salaried and lives with his wife, a teacher, and 24-year-old son, in his parents’ house in Kolkata. The couple brings in a monthly income of Rs 1.9 lakh. Their portfolio is worth Rs 1.3 crore, inlcuding Rs 9.5 lakh in cash, debt in the form of …
  • KPMG in India and NIIT launch the KPMG NIIT Finance Academy to address the changing talent requirements of the Industry 17 Nov 2019 18:01 KPMG in India, a leading professional services firm and NIIT Limited, a global leader in Skills and Talent Development, have entered into an exclusive partnership to launch the KPMG NIIT Finance Academy in India for building skills and talent for Finance …
  • View: India needs new green industries to ensure economic growth 17 Nov 2019 17:59 By Jayant Sinha The apocalyptic air pollution over northern India once again reminded us that our future is threatened by severe environmental challenges. Significant policy initiatives are underway to address them. Nonetheless, India’s longterm …
  • Air India, Bharat Petroleum sale to be completed... 17 Nov 2019 16:39 Strategic disinvestment of two state-run companies critical for Delhi to meet Rs1T target The government of India will complete the sale of two iconic public sector companies - Air India and Bharat Petroleum Corporation Limited - by March 2020. The …
  • Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman 17 Nov 2019 06:15 Finance Minister Nirmala Sitharaman on Saturday said the government would wrap up the sale of Air India and Bharat Petroleum Corporation Limited (BPCL) by March 2020, according to a news report in The Times of India. Sitharaman also said there is a " …
  • Air India, BPCL sale by March 2020, says finance... 17 Nov 2019 04:00 Indian finance minister Nirmala Sitharaman on Saturday said the government is planning to sell state-run airline Air India and the oil marketing company Bharat Petroleum Corporation (BPCL) by March 2020. According to  Times of India (TOI) report, the …
  • India Seeks Global Petrodollars To Cope With Burgeoning Energy Demand Through 2035 16 Nov 2019 21:17 Of late, few countries are being as proactive as India when it comes to courting foreign investment in the oil and gas sector. It isn't hard to guess why, as the Indian economy is largely driven by imported oil to the tune of over 80% of its headline …
  • Air India, Bharat Petroleum Corporation to be sold by March: FM 16 Nov 2019 20:40 NEW DELHI: The government is looking to wrap up the sale of state-run airline Air India and oil refiner and marketer Bharat Petroleum Corporation (BPCL) by March, finance minister Nirmala Sitharaman said on Saturday. “We are moving on both with the …
  • India x Cleantech — November 2019 16 Nov 2019 19:41 Cars Published on November 16th, 2019 | by Saurabh 0 November 16th, 2019 by Saurabh  Originally published on Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology …
  • NCAER pegs India's FY20 GDP growth at 4.9% as slowing demand weighs 16 Nov 2019 18:39 The National Council of Applied Economic Research (NCAER) has pegged India’s gross domestic product (GDP) growth for 2019-20 at 4.9 per cent, the lowest among the recent forecasts by rating agencies, multilateral institutions, research firms, and …
  • How the economic slowdown has impacted India Inc 16 Nov 2019 17:35 Banking: Lending little comfort It has been one hell of a year for the financial services space. Just about a year ago, the IL&FS, and the subsequent DHFL crisis had taken the sector by storm. While the liquidity crunch that hit the NBFC sector offered …
  • Iran Disappointed with India’s Lack of ‘Resilience’ in the Face of US Pressure 16 Nov 2019 11:21 World 13:09 16.11.2019Get short URL New Delhi (Sputnik): Iran has expressed disappointment with India for adhering to US sanctions, saying it expected its long standing ally to be more resilient in the face of Washington’s bullying. Iran has also voiced …
  • Overcome outstanding issues to get India into RCEP, says Singapore minister 16 Nov 2019 10:41 A senior Singapore minister has expressed hope that outstanding issues with India can be overcome by other countries to get the large South Asian market into the Regional Comprehensive Economic Partnership (RCEP). "We hope that India and the other 15 …
  • Kiren Rijiju calls for joint efforts from centre and states in making India a sporting nation 16 Nov 2019 09:34 NET Bureau Sports Minister Kiren Rijiju has called for collective efforts from the centre and the states in making India a fit nation and help build a sporting culture in the country. Rijiju made the appeal during his inaugural address at the Conference of …
  • F&O: India VIX drops 4%, Nifty range shifts to 11,700-12,100 15 Nov 2019 11:19 By Chandan Taparia Nifty50 opened positive on Friday and extended its gains towards the 11,973 mark in the first half of the session. However, profit booking towards the fag end of the session dragged the index below the 11,900 mark. It formed a Doji …