ICICI Pru invests Rs 334 cr in own credit risk fund
The fund house poured Rs 78 crore and Rs 256 crore in October and December, respectively, last year.
Best tax-saving options: Ranking of the top 10 instruments
ET assessed 10 tax-saving instruments on 8 parameters. Find out how the different ...
'Chhapaak' row: Delhi HC upholds trial court orders, restrains screening from Jan 15 if credit not restored
The court directed the film's mak...
Virat Kohli retains top spot; Rahane, Pujara slip in ICC Test rankings
Pujara was placed sixth, down one rung, with 791 points, while Rahane occupied the ninth spot after slipping a couple of positions with 759 points. In bowling, India's pace spearhead Jasprit Bumrah, returning from an injury layoff, remained static at sixth position with 794 points, while spinner Ravichandran Ashwin (772 points) and seamer Mohammed Shami (771) were ninth and 10th respectively.
Paytm top-up via credit card faces 2% fee
It would be crucial to see how consumers react to this change, as many use their credit cards to load money in their Paytm wallets for frequent use-case like paying taxi fares.
Revenue department detects 931 GST fraud cases through data analytics
Refunds of over Rs 28,000 crore are said to have been filed by over 27,000 taxpayers so far on account of inverted duty structure in the current financial year.
'Chhapaak' row: Delhi HC reserves judgement on Fox Studio's plea against trial court order of crediting victim's lawyer
Justice Pratibha M Singh will pass order on Saturday on the producer's plea.
NBFCs set to face asset quality woes
However, a majority in the once buzzing NBFC sector will continue to reel under liquidity concerns with the economic slowdown putting elevated pressure on asset quality.
With new Maha offer, farm loan write-offs touch Rs 4.7 lakh cr in last 10 yrs
Even though agriculture NPA was only Rs 1.1 lakh crore or 12.4 per cent of the overall NPAs in FY19, if we accounted for Rs 3.14 lakh crore worth of farm loan waivers announced in the last decade, agri NPAs/burden for the exchequer/banks could be as much as staggering Rs 4.2 lakh crore and if the latest Rs 45,000-51,000 crore of write-offs announced by Maharashtra this could be at Rs 4.7 lakh crore.
Risk aversion ebbing, credit flow has begun but with high premium: Deepak Mittal, ECL finance
With risk aversion receding, we expect risk premiums to also come down.
World Bank's ease of doing biz: DPIIT focusing on 6 parameters to push India's ranking
India has jumped 14 places to rank 63rd out of 190 countries in the World Bank's Doing Business 2020 report.
Liquidity surges to Rs 4 lakh cr, due to redemption, sluggish credit
The reluctance of local banks to lend has led to flow of foreign funds into the market, with global investors chasing yield in a negative rate environment in developed markets. This has also aided non-banking finance companies develop a new avenue to raise money when the local market shut its doors on them.
Signature Global to invest Rs 375 cr on new affordable housing project in Gurugram
Signature Global in a statement said that it has started construction work on a new project 'Signature Global Proxima I and II' comprising 1,410 units with a total investment of around Rs 375 crore.
India extends USD 75 mn line of credit for solar parks in Cuba
Exim Bank has entered into an agreement dated July 16, 2019 with Banco Exterior De Cuba, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 75 million for the purpose of financing installation of 75 MW Photovoltaic Solar Parks in the Republic of Cuba.
Credit Suisse announces $1 billion 2020 share buyback programme
In 2019, Credit Suisse repurchased nearly 80 million shares
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