- India proposes stricter regulations for large shadow banks 24 Jan 2021 03:10 The Reserve Bank of India has proposed tighter, bank-like regulation of the so-called shadow lending sector to prevent the turmoil caused by the collapse of an infrastructure financing firm in 2018. The country's central bank has gradually moved …
- Final stage of Union Budget 2021-22 commences with Halwa Ceremony 24 Jan 2021 00:35 The Halwa ceremony, marking the final stage of the Budget making process for Union Budget 2021-22, was held in North Block here today afternoon in the presence of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. A customary Halwa …
- Budget Documents Compilation Process Kickstarts With Customary 'Halwa Ceremony' 23 Jan 2021 22:24 Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur and senior officials of the finance ministry on Saturday participated in the symbolic 'Halwa Ceremony' that marks the beginning of compilation of budget documents. …
- Insurance, investment and real estate changes personal finance experts want from Budget 2021 23 Jan 2021 20:41 This time, the Finance Ministry has many to please. Almost every industry and the common man are expecting major coronavirus-led damage control. In this video, we bring in 6 personal finance and financial industry experts to share their wish lists from …
- Why Budget needs to up India's resilience 23 Jan 2021 19:49 After a year that had a devastating impact on human and economic capital, India is beginning to show signs of recovery. Growth for 2020-21 is likely to be at (-)7.7%, but, RBI’s forecast for growth in the first half of 2021-22 is an optimistic 6.5% to 21. …
- Churn in insurance: Life is good, non-life is a drag 23 Jan 2021 18:48 Life insurers have reported a shrinkage in first-year premiums to end the quarter ended December at `1.91 lakh crore. The fall, though marginal, can be attributed to Covid-prompted lockdown and business disruption in the first quarter of this fiscal year. …
- Should you subscribe to Home First Finance IPO? 23 Jan 2021 16:32 BL Research Bureau Investors can avoid the initial public offer of Home First Finance opening today. The company is an affordable housing financier that has been in business for more than a decade now. While there’s huge untapped potential in the …
- India Inc expects infra boost from Budget 2021-22: Deloitte Survey 23 Jan 2021 15:41 Majority of India Inc expects the Union Budget 2021-22 to focus on giving a boost to infrastructure while offering simpler tax regimes to promote ease of doing business, according to a survey conducted by Deloitte Touche Tohmatsu. Of the 180 survey …
- InCred Finance ropes in Philipp Orgler to spearhead AI and ML capabilities 23 Jan 2021 14:40 Mumbai headquartered new-age financial company, InCred Finance has hired Philipp Orgler to lead the development of artificial intelligence and machine learning tools to power the next phase of its business growth. Orgler has over 20 years of experience in …
- PIL in SC seeks direction to Centre to fill vacancies in tribunal on money laundering 23 Jan 2021 12:40 A PIL seeking a direction to the Centre to fill vacant posts of the chairperson, members and other staff at the Appellate Tribunal Prevention of Money Laundering Act (ATPMLA) in the national capital has been filed in the Supreme Court. The PIL, filed by …
- From Language Bill to Cemeteries Act, Kerala Assembly passes 109 laws in four & half years 23 Jan 2021 12:38 Thiruvananthapuram: From the much-awaited Malayalam Language Bill to the path-breaking Christian Cemeteries (Right to Burial of Corpse) Bill, Kerala Assembly has passed 109 significant legislations, in the last four and half years of the LDF government, …
- Discussion paper proposes restrictions on NBFCs’ lending for IPOs, real estate deals 23 Jan 2021 12:21 Mumbai: A Reserve Bank of India (RBI) discussion paper on a new regulatory framework for non-banking finance companies (NBFCs) has proposed a cap on lending by NBFCs for subscriptions in IPOs and in lending to real estate unless government approvals are …
- RIL Q3 results: Net profit rises 26% on strong retail, digital play 23 Jan 2021 12:21 Mumbai: Reliance Industries Ltd. (RIL) reported a 26% growth in third-quarter net profit from a year earlier, buoyed by its retail and digital units and a sharp decline in costs, while the oil-to-chemicals business posted a significant fall in revenue. The …
- Gold prices may hit $1,920-mark in one month; vaccination drive, dollar movement key 23 Jan 2021 12:19 The year gone by (2020) will be etched in human minds for a very long time as mankind has never faced a situation wherein the global world was in a lockdown mode due to the havoc created by Covid-19 pandemic. The United States, which accounts for just 4 …
- ETMarkets Investors' Guide: Policy focus may shift from 'repair' to 'growth' this Budget 23 Jan 2021 12:19 Hi there, this is ETMarkets’ Investor’s Guide, a show about asset classes, market trends and investment opportunities. This is Nikhil Aggarwal. Policy focus is all set to shift from ‘repair’ to ‘growth’ and this would be the biggest investment theme in the …
- Adamas University to collaborate with the Boston Pledge to celebrate its 20th Anniversary 23 Jan 2021 11:18 A series of global event to discuss the undiscovered will start from 23rd January Adamas University rated as one of the best private Universities in Eastern India, partners with The Boston Pledge to celebrate its 20th anniversary on 23rd January, 2021 …
- Seven members who robbed TN branch of Muthoot Finance held near Hyderabad 23 Jan 2021 08:35 Seven members of an armed gang who robbed 25,091 grams of gold jewellery worth around ₹7.5 crore and ₹96,000 cash in broad daylight from a Muthoot Finance Limited branch at Hosur of Krishnagiri district in Tamil Nadu on Friday, were arrested on the …
- Budget 2021 needs to hike gratuity exemption limit, tax benefits on EPF, NPS due to new labour laws 23 Jan 2021 04:49 The year 2020 ended with hope for a better 2021 in all facets of our lives - economic, social and health. The novel coronavirus pandemic hit the Indian economy adversely impacting almost all sectors be it agriculture, aviation, manufacturing or the service …
- ET Wealth Wisdom Ep 106: The common man's expectations from Budget 2021 23 Jan 2021 04:49 Hi everyone and welcome to episode 106 of the ET Wealth Wisdom podcast I am Tania Jaleel On February 1, finance minister Nirmala Sitharaman will present the Union Budget 2021 There a lot of expectations from this budget from all quarters thanks to the …
- Budget 2021: How indirect tax can provide a roadmap to recovery 23 Jan 2021 04:45 The Union Budget 2021 promises to be unique in many ways. Apart from the fact that it will be a budget amid a full-blown pandemic, it will perhaps also present challenges that no previous Finance Minister has encountered in the history of the country. …
- What MSMEs expect from Budget 2021 to put behind the COVID-19 affect 23 Jan 2021 04:45 Every year, the Union Budget is keenly followed by the industry which sends their wish list to the Finance Minister sector by sector, seeking sops and stimulus. This year is no different, except the extent of assistance that will be required as industries …
- Imbalances in India’s cereal economy need more than a short-term fix 23 Jan 2021 02:03 The paradox of “hunger amidst plenty” has haunted India for a long time and shows no sign of going away. On the contrary, it reached a new plane in 2020. On the one hand, the economic recession precipitated by the COVID-19 crisis and national lockdown …
- UP may give ‘denotified MBC tribes’ SC/ST status 23 Jan 2021 00:54 Lucknow: The Uttar Pradesh government is looking to speed up discussions on sub-categorising ‘other backwards classes’ and is also weighing the option of giving reservation as available to SC/STs to ‘denotified tribes’ within ‘most backward classes’, …
- RLDA concludes online roadshows on the redevelopment of New Delhi Railway Station 22 Jan 2021 20:44 New Delhi: The Rail Land Development Authority (RLDA), conducted the online roadshows on the redevelopment of the New Delhi Railway Station (NDLS)- the first project to be undertaken on the Transit-Oriented Development (TOD) concept in Delhi-NCR. Macquarie …
- Input Tax Credit must be paid on towers: TAIPA 22 Jan 2021 20:44 New Delhi: India’s telecom tower body has urged the telecom department and finance ministry for inclusion of towers in the definition of items eligible to avail input tax credit under the GST Act. "Currently, the telecom infrastructure providers can …
- RBI paper suggests caps on NBFCs IPO, real estate financing, tighter regulations 22 Jan 2021 20:42 Mumbai: A Reserve Bank of India (RBI) discussion paper on a new regulatory framework for non banking finance companies (NBFCs) has proposed a cap on lending by NBFCs to subscriptions in initial public offerings (IPOs) and in lending to real estate unless …
- IndiGrid Q3 results: Net profit down 28% at Rs 94.58 cr; firm declares Rs 3.10 distribution per unit 22 Jan 2021 20:36 Infrastructure investment trust IndiGrid on Friday posted a 28 per cent drop in consolidated net profit at Rs 94.58 crore for the December quarter, mainly due to higher depreciation and finance cost on account of acquisitions. The consolidated net profit …
- Tesla and other green energy investments look bubble-like 22 Jan 2021 20:36 By Liam Denning We have to wait a few weeks to see just how green President Joe Biden’s stimulus plan turns out to be. But we’re already in the middle of an unplanned green investment boom. It will end both badly and usefully. Energy of all varieties is a …
- RIL Q3 Results: PAT rises 12.5% YoY, beats estimates; sales slump 21% 22 Jan 2021 20:36 MUMBAI: India’s largest listed company Reliance Industries today reported a 12.5 per cent year-on-year rise in its consolidated net profit to Rs 13,101 crore, which was above analysts’ estimates. The oil-to-telecom conglomerate reported consolidated …
- Market Watch: Is Dalal Street headed for a steep correction? 22 Jan 2021 20:34 Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Nikhil Agarwal and here are the top headlines at this hour. Sensex’s longest weekly run since 2009 ends Biocon Q3 net profit falls 19 pc to Rs 186.6 crore IL& …
- PFC raises $500 mn via notes 22 Jan 2021 20:34 State-owned power giant Power Finance Corporation (PFC) on Friday said it has raised USD 500 million (Rs 3,651 crore) through issuance of notes (bonds) under its USD 5 billion Global Medium Term Note Programme. "PFC launched issuance of USD 500,000, …
- DCB Plus, partner settle case with Sebi; pay Rs 2.23 cr as settlement charges 22 Jan 2021 20:34 DCB Plus N Holdings and its partner Prashant Jain have settled with markets regulator Sebi a case of alleged fraudulent trading in the shares of Sunrise Asian Ltd, by paying a total amount of Rs 2.23 crore towards settlement charges. An amount of Rs 2.23 …
- Reliance Home Finance Q3 results: Loss widens to Rs 340 cr 22 Jan 2021 20:34 Reliance Home Finance, part of the Anil Ambani-promoted Reliance Group, on Friday reported a net loss of Rs 339.55 crore for the third quarter of 2020-21.The company had posted a loss of Rs 73.52 crore in the corresponding period of the previous fiscal …
- Burglar alarm at Muthoot Finance was dysfunctional: SP 22 Jan 2021 19:06 Muthoot Finance, the non-banking finance company has been constantly in the news for reports of robbery in its various offices across the country. In the wake of the robbery here on Friday, a few anxious customers gathered outside the firm for information …
- TRS officials say increase fares, put on hold pay hike 22 Jan 2021 18:35 TSRTC officials told Chief Minister K. Chandrashekar Rao that the corporation’s losses were continuing due to the increase in price of diesel and the lockdown impact while it was still awaiting its dues being cleared. They explained that if salaries of the …
- RBI proposes revised regulatory framework for NBFCs 22 Jan 2021 17:32 Mumbai (Maharashtra) [India], January 22 (ANI): The Reserve Bank of India (RBI) on Friday proposed tighter regulations for large non-banking finance companies (NBFCs) and creation of a multi-layer model in the fast-growing industry. In a discussion paper …
- Film industry delegation meets Finance Minister Nirmala Sitharaman ahead of Union Budget 22 Jan 2021 14:29 By ANI MUMBAI: Ahead of the upcoming Union Budget, representatives of India's top multiplex chains along with BJP MP Sunny Deol met the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman on Friday and received an assurance that the …
- Buoyed By Global Events, India’s Markets Reach Record Highs 22 Jan 2021 14:08 KOLKATA, India — Led by gains in IT and auto shares, and buoyed by global events, India’s S&P BSE Sensex reached an all-time high of 50,184.01 in early trading on Jan. 20. The Nifty 50 index also hit an all-time high of 14,666.50 points. At the closing …
- India's Reliance Home Finance Dec-Qtr Net Loss Widens 22 Jan 2021 13:52
- Budget 2021 should focus on three Rs: Relief, recovery and reforms 22 Jan 2021 12:16 Chief Investment Strategist, Geojit Financial Services He is known for his articles on capital markets, wealth management, and Indian and global economy. He has presented many papers and delivered many lectures on the capital market in national and …
- Sensex closes 746 points lower, Nifty gives up 14,400 amid global selloff 22 Jan 2021 12:16 NEW DELHI: Bears dominated the session on Friday taking benchmark indices lower for the second day on a trot, dragged by a selloff in global markets, and as investors were spooked by poor Q3 numbers from some financial companies. The market has in recent …
- F&O: Doji on Nifty charts, rising VIX signal market’s bearish bias 22 Jan 2021 12:16 Nifty opened flattish on Friday but failed to hold above 14,600 level and drifted sharply towards 14,350 zone. It cascaded more than 250 points and closed the session deep in the red with around 1.5 per cent loss. Nifty formed a bearish candle on the daily …
- Remarkable journey says invest in India 22 Jan 2021 12:06 The establishment of BSE in 1875 as the Native Share & Stockbrokers Association, the first stock exchange in Asia and one of the oldest working public institutions in India was a major milestone for the Indian economy. Its benchmark index, the S&P …
- Jersey Finance and Durrell launch new fund for wildlife 22 Jan 2021 10:38 The Jersey Fund for a Wilder World allows finance companies to allocate a portion of their fees, earned from work in the area of eco-friendly sustainable finance, to a pooled central pot that will be used to support environmental initiatives. Contributions …
- Armed gang robs 25kg of gold from Muthoot Finance in Hosur 22 Jan 2021 10:30 In a robbery in broad daylight, Muthoot Finance, the private gold loan financing firm, was robbed of over 25 kg (25,091 grams) of gold worth around ₹7 crore at gun-point, by a six-member gang on Friday. ₹96,000 in cash was also stolen from its offices. Six …
- 69% in India keen on subscription-based vehicle ownership: Deloitte study finds 22 Jan 2021 08:57 Image for representational purposes only A new study shows that 69 percent of Indian consumers are willing to try subscription-based ownership and servicing of different models from the same brand. Deloitte Global Automotive Consumer Study 2021 states that …
- Kamala Harris’s rise is celebrated in India, especially in her ancestral village. 22 Jan 2021 08:22 Last Updated Jan. 22, 2021, 1:25 a.m. ET Jan. 22, 2021, 1:25 a.m. ET President Biden signed a series of executive orders, including ones on mask wearing and international travelers, and is aiming for 100 million vaccine shots in his first 100 days. Senator …
- Will budget sops help India reach $5t economy... 22 Jan 2021 04:45 India’s economy is expected to contract 7.7 per cent in the current financial year ending on March 31. The Indian government’s aim to make the nation a $5 trillion economy did encounter loads of challenges in 2020, despite multiple stimulus and sops to …
- Will take the 1st shot of Covid-19 vaccine in Bangladesh: finance minister 21 Jan 2021 18:25 The Cabinet Committee on Public Procurement has approved a proposal to buy Covid-19 vaccines at a cost of Tk 1,273.55 crore. The committee approved the proposal today in a meeting chaired by Finance Minister AHM Mustafa Kamal, said a statement of the …
- Budget 2021: CropLife India demands GST rate cut on agrochemicals and focus on R&D 21 Jan 2021 14:37 NEW DELHI: Industry body CropLife India on Thursday demanded that the government reduce GST rate on agrochemicals to 12 per cent in the forthcoming Union Budget. In a statement, the industry body said slashing the rate of goods and services tax (GST) will …
- Strong India-US partnership key to address challenges impacting global community: USISPF 21 Jan 2021 13:55 A strong and durable India-US partnership will be key to address the broad range of challenges impacting the global community today, a top India-centric American business advocacy group said. The US-India Strategic and Partnership Forum (USISPF) submitted …
- Hold Bajaj Finance, target price Rs 5200: Emkay Global 21 Jan 2021 12:08 Emkay Global has hold call on Bajaj Finance with a target price of Rs 5200. The current market price of Bajaj Finance Ltd. is Rs 5148. Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 308283.68 Crore) …
- Stocks to watch: RIL, Axis Bank, Bajaj Auto, Bajaj Finance, Lauras Labs 21 Jan 2021 11:00 Nifty futures on the Singapore Exchange traded 45 points higher at 14,689, around 8.30 am, indicating a firm start for the domestic benchmark indices in Thursday's session. Here are the top stocks to watch out for today: Reliance Industries, Future …
- Credit risks better-managed at small finance banks: RBI bulletin 21 Jan 2021 10:41 Written by Richa Saraf and Pallavi Chavan from the Department of Supervision as part of the bulletin, the report was accompanied by the usual disclaimer that views expressed are those of the authors and do not reflect those of the Reserve Bank of India ( …
- India's Sensex Breaches the 50,000-Mark for First Time Ever 21 Jan 2021 05:56 Business 05:53 GMT 21.01.2021Get short URL Indian stock markets have been bucking the trends of macro-economic indicators since the beginning of the pandemic last year. Despite the Indian economy shrinking at a record pace, Sensex and Nifty have attracted …
- Aye Finance brings on board RBL Bank's Ujual George as chief risk officer 21 Jan 2021 03:49 Aye Finance - a fintech lender to the MSME sector has brought on board Ujual George as its chief risk officer. George, an alumnus of Indian Institute of Management Bangalore, has held various leadership positions in his career of over 25 years in banking …
- Bridging India’s Rural-Urban Divide 21 Jan 2021 00:37 The latest study conducted by the World Economic Forum (WEF) has brought to light a deep urban-rural divide that exists in India. According to the study, on an average 25-30 people migrate to cities from rural areas every minute in search of livelihoods. …
- Global Trade Finance Market 2020 Industry Overview, Competition by Manufacturers, Production Capacity by Region, Forecast by 2025 21 Jan 2021 00:05 The MarketWatch News Department was not involved in the creation of this content. Jan 20, 2021 (CDN Newswire via Comtex) -- The statistical report titled Global Trade Finance Market 2020 by Company, Type and Application, Forecast to 2025 has all the …
- Bajaj Finance Q3 results: Net profit falls 29% to Rs 1,146 cr; provisions, bad loans rise 20 Jan 2021 23:37 NEW DELHI: Bajaj Finance on Wednesday posted a 29 per cent year-on-year (YoY) drop in net profit at Rs 1,145.98 crore for the quarter ended December 30. Net Interest Income (NII) for the quarter was Rs 4,296 crore as against Rs 4,535 crore in the year ago …
- Bajaj Finance Q3 results: Profit falls on slow loan growth, high provisions 20 Jan 2021 23:35 Consumer lending company Bajaj Finance said its net profit declined 29% in the third quarter as loan growth remained weak and the firm had to also reverse some interest income. Profit shrank to Rs 1,146 crore from Rs 1,614 crore a year ago. New loans …
- Bajaj Finance Q3 results: Profit falls 29% on slow loan growth 20 Jan 2021 23:35 Consumer lending company Bajaj Finance said its net profit declined 29% in the third quarter as loan growth remained weak and the firm had to also reverse some interest income.Profit shrank to Rs 1,146 crore from Rs 1,614 crore a year ago. Bajaj Finance…
- Management education in India is poised for a major transformation 20 Jan 2021 23:30 Management education in India has evolved considerably over the past 70 years. The economic liberalization era of 1990s and the consequent rapid economic development witnessed substantial demand for MBA education. This paved the entry of large number of …
- Home First Finance garners Rs 346 cr from anchor investors ahead of IPO 20 Jan 2021 19:34 Mortgage financier Home First Finance Company (HFFC) on Wednesday raised a little over Rs 346 crore from anchor investors, ahead of its initial share-sale, which will open for public subscription on Thursday. A total of 66,81,766 shares have been allotted …
- Arunachal CM Khandu called on Finance Minister Sitharaman 20 Jan 2021 18:40 Arunachal Pradesh Chief Minister Pema Khandu called on the Union Finance Minister N Sitharaman in New Delhi on Tuesday. He was accompanied by Union Minister of Sports and Youth Affairs Kiren Rijiju and Member of Parliament from Arunachal East Tapir Gao …
- Indian Railway Finance Corporation IPO subscribed 3.49 times on final day 20 Jan 2021 18:06 The initial public offer of Indian Railway Finance Corporation Limited was subscribed 3.49 times on the final day of bidding on Wednesday. The offer received bids for 4,35,22,57,225 shares against 1,24,75,05,993 shares on offer. Qualified Institutional …
- Finance ministry holds meeting to discuss roadmap for asset monetisation 20 Jan 2021 16:55 The finance ministry held a consultative meeting in partnership with the World Bank to discuss roadmap on asset monetisation, and accelerate sale of non-core assets of public sector enterprises. Department of Investment and Public Asset Management (DIPAM) …
- Stocks to watch: Bajaj Finance, Federal Bank, Tata Comm, Garden Reach 20 Jan 2021 16:29 Nifty futures on the Singapore Exchange traded 45 points down at 14,509 levels around 8.30 am, indicating a tepid start for the Indian benchmark indices on Wednesday. Here are the top stocks to track today: Q3 earnings: Bajaj Finance, Bajaj Finserv, HDFC …
- A surge in bad debt is set to further worsen India's shadow bank crisis 20 Jan 2021 15:37 India’s troubled shadow banks face mounting challenges to a nascent recovery from the pandemic, with their asset quality set to deteriorate further as flagged recently by the financial regulator. Non-performing assets already swelled in the most recent …
- Bajaj Finance to enter payment solutions market with 'Bajaj Pay' 20 Jan 2021 12:50 "The Company is in the process of launching 'Bajaj Pay for consumers' in Q4," the lender said in its investor presentation. 'Bajaj Pay' will offer an integrated payment solution comprising of UPI, PPI, EMI card and credit card to …
- Bajaj Finance Q3 net drops 29%, writes off 20 Jan 2021 11:31 Mumbai: Bajaj Finance Ltd on Wednesday reported a 29% year-on-year (y-o-y) decline in consolidated net profit at ₹1,145.98 crore for the three months to December, owing to higher losses and provisions. Loan losses and provisions rose 63% y-o-y to ₹1,351.67 …
- Sundaram Finance makes top level changes 20 Jan 2021 11:19 Sundaram Finance Ltd has made top level changes as the current managing director T.T. Srinivasaraghavan will be retiring on March 31, 2020. The board of Sundaram Finance met on Wednesday and named Rajiv Lochan (director Strategy) as managing director with …
- Budget 2021: Meet Finance Minister Nirmala Sitharaman's A-Team 20 Jan 2021 08:43 FM Sitharaman is set to present the budget on February 1st. This is undoubtedly one of the most challenging budget of modern India after coronavirus sent the Indian economy into a coma. Reeling from the aftershocks of a lingering slowdown and the Covid-19- …
- Home First Finance sets IPO price band of ₹517-518 per share 20 Jan 2021 08:22 Global private equity firm Warburg Pincus-backed Home First Finance Company India Ltd (HFFC) has fixed a price band of ₹517-518 per share for its ₹1,153.72-crore initial public offering (IPO), which opens on Thursday. The offer comprises a fresh issue of …
- Elon Musk's Tesla faces bumpier ride breaking into India after China success 20 Jan 2021 02:28 The world’s richest man on Jan. 13 tweeted “as promised" in response to a report on a Tesla-focused blog that the automaker was in talks with several Indian states to open an office, showrooms, a research and development center -- and possibly a …
- Sensex spurts 834 points led by finance and metal scrips 20 Jan 2021 01:31 Mumbai (Maharashtra) [India], Jan 19 (ANI): Equity benchmark indices rallied 1.7 per cent on Tuesday on the back of across-the-board buying amid firm cues from their Asian peers. Foreign and domestic investors were upbeat as the incoming US administration …
- End of an Era: Doyen of Cancer Care in India Dr V Shanta Passes Away 19 Jan 2021 22:45 India 07:16 GMT 19.01.2021Get short URL Dr V Shanta belonged to the distinguished Chandrasekhar family of Chennai. Two members of the family, Sir C.V. Raman and Subrahmanyan Chandrasekhar, are Nobel Prize winners for their work in the field of physics. Dr …
- Buy L&T Finance Holdings, target price Rs 110: JM Financial 19 Jan 2021 22:40 JM Financial has buy call on L&T Finance Holdings Ltd. with a target price of Rs 110. The current market price of L&T Finance Holdings Ltd. is Rs 107.35 . L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having …
- Joe Biden names Indian-American Rohit Chopra to helm consumer finance body 19 Jan 2021 18:33 Washington: US President-elect Joe Biden on Monday named Indian-American Rohit Chopra as the head of a federal agency tasked with protecting the interests of consumers financials. If confirmed by the Senate, Chopra would be succeeding Kathleen Laura …
- A correction is very much possible in the market, says Ajit Menon of PGIM India MF 19 Jan 2021 17:16 While the Indian markets touch new highs every other day in 2021, fund managers are cautious, yet positive about the outlook for the the equity market in this year. We spoke to Ajit Menon, CEO, PGIM India Mutual Fund. The fund house has garnered a good …
- India blames Saudi oil output cut for surge in oil prices 19 Jan 2021 17:03 India, the world's third biggest oil importer and consumer, on Tuesday complained that recent output cuts by some OPEC nations had created uncertainty for customers and led to a surge in prices. Top exporter Saudi Arabia has pledged additional …
- Bajaj Finance Q3 preview: Bottomline likely to fall by 25%, margins may be under pressure 19 Jan 2021 16:42 NEW DELHI: Risk aversion policy adopted by Bajaj Finance is likely to hit its bottomline during the third quarter as the company reported a drop in assets, said analysts tracking the company. The NBFC is scheduled to post its earnings report on Wednesday. …
- Union Budget must include reforms to revive aluminium Industry: Aluminium Association of India 19 Jan 2021 16:28 Mumbai: Aluminium Association of India (AAI), the industry body representing aluminium manufacturers, has written to the ministry of finance urging the government to increase the basic custom duty on primary aluminium and aluminium scrap to 10% and to …
- Coca-Cola re-interviews India employees to realign roles in sweeping revamp 19 Jan 2021 16:12 New Delhi: In a rare instance for India Inc., Coca-Cola is re-interviewing employees across functions and roles as the country’s biggest beverage maker restructures operations after a pandemic that took a significant toll on its business. A Coca-Cola India …
- Jan Dhan accounts cross 41 crore: Finance Ministry 19 Jan 2021 15:54 New Delhi: The Finance Ministry on Tuesday said that more than 41 crore people benefited from the Pradhan Mantri Jan Dhan Yojana (PMJDY), a flagship scheme of the government to promote financial inclusion. As on January 6, 2021, the total number of Jan …
- Project launched to define role of finance in South Africa and India’s ‘just transitions’ 19 Jan 2021 15:43 A new multi-partner initiative has been launched with the aim of defining the role that finance can and should play in supporting both South Africa and India’s aspirations to implement “just transitions” to more climate-resilient economies. The ‘Just …
- Power Finance Corporation NCD: Should you invest? 19 Jan 2021 14:51 Power Finance Corporation’s first tranche of NCD (non-convertible debenture) issue for Rs 5,000 crore opens for subscription on January 15. The issue closes on January 29 and has an option for early closure, too. The proceeds will be used for fresh lending …
- Home First Finance IPO opens on Jan 21 19 Jan 2021 13:05 Mumbai (Maharashtra) [India], January 19 (ANI): Affordable housing financier Home First will open its initial public offering (IPO) of equity shares on January 21 and close on January 25. The price band for offer has been decided at Rs 517 to 518 per …
- IIFL Home Finance ties up with Standard Chartered Bank for co-lending 19 Jan 2021 12:22 Fairfax-backed IIFL Finance on Tuesday said its home loan subsidiary IIFL Home Finance and Standard Chartered Bank entered into a co-lending arrangement for extending credit to MSME loans (loan against property). This is one of the first co-lending …
- Home First Finance IPO to open on Thursday: price band, grey market trend and other key details 19 Jan 2021 08:48 NEW DELHI: Home First Finance on Tuesday set the price band for its forthcoming IPO in the Rs 517-518 range. The Rs 1,153.71-crore IPO, which will open on Thursday, comprises of a fresh issue of Rs 265 crore, and an offer for sale of Rs 888.72 crore by …
- View: New labour laws will improve India's ease of doing business ranking 19 Jan 2021 07:25 Labour laws are one of the most complex and hotly debated issues in India. A labour surplus economy, such as India, should be protective of its workers but laws solely guided by this principle makes it difficult for businesses to operate. This hinders …
- Arun Alagappan, MD of Chola Investment and Finance, resigns 19 Jan 2021 07:23 Chennai: Cholamandalam Investment and Finance Company has announced that its MD Arun Alagappan, has resigned inorder to assume a larger role in the Murugappa Group. His tenure with the company was to end effective February 14, 2021. In a statement to …
- Kamal Morarka was a man of many parts who was engaged with, and comfortable in, the many different worlds of a diverse India 18 Jan 2021 23:45 Kamal Morarka, distinguished citizen and good samaritan, passed away at home in Mumbai on January 15 at the age of 74. He was a remarkable person who contributed to polity, economy and society in many different ways. The multiple dimensions of his persona …
- Cholamandalam Investment and Finance MD Arun Alagappan quits; to assume larger role within group 18 Jan 2021 16:32 Suresh Kamath2 days ago Good steps these to assume a BIGGER ROLE Play for the GROUP and it is this Gesture of such Persons which earns RESPECT from their PEERS and also the Stake holders in INDIA. God Bless and Guide him to steer the Group and achieve the …
- L&T Finance to open 18 Jan 2021 15:58 Mumbai: Non-bank lender L&T Finance Holdings (LTFH) on Monday said its board has approved raising of up to ₹3,000 crore through a rights issue. A rights issue is a fundraising tool to mobilize capital from existing shareholders of a company. Shares are …
- CAG report tabled in Kerala Assembly amid strong objection of finance minister Isaac 18 Jan 2021 14:53 By Express News Service THIRUVANANTHAPURAM: Setting a new precedent in the assembly, the CAG report was tabled in the House amid the strong objection of finance minister Thomas Isaac. This is the first time in the history of assembly that the CAG report …
- India's budget seen raising import duties by 5%-10% on dozens of items: Sources 18 Jan 2021 13:35 India is considering hiking import duties by 5%- 10% on more than 50 items including smartphones, electronic components and appliances in the upcoming budget, three government sources privy to the discussions told Reuters on Monday. The move to increase …
- Two Budget ideas for you, Finance Minister 18 Jan 2021 08:56 The Union Budget will be presented in about two weeks. We have been told by Finance Minister Nirmala Sitharaman, who will present her third Budget, that it will be like never before. It is not clear whether she meant the size of spending or reduction in …
- Maritime cooperation key to effective blue economy and India’s security: experts 17 Jan 2021 20:07 Experts believe that the maritime sector occupies a significant place in India’s national security and economic prosperity and the country should actively pursue and promote its geopolitical, strategic and economic interests on the seas. A webinar on ‘A …
- India will launch ₹1,000-crore seed fund for start-ups: PM 17 Jan 2021 16:13 Prime Minister Narendra Modi has said that India will launch a ‘Startup India Seed Fund’ with a ₹1,000-crore corpus to help start-ups get seed money for starting their ventures and help them grow. In the future, the government will also help start-ups …
- L&T Finance profit falls but loan book back to pre Covid levels 16 Jan 2021 14:00 Mumbai: L&T Finance Holdings' net profit halved to Rs 291 crore in the quarter ended December 2020 compared to Rs 581 crore a year earlier as income dropped and expenses remained elevated, results released by the company showed. However, the third …
