DHFL posts net loss of Rs 6,641 crore in July-September period
It had posted consolidated net profit of Rs 439.51 crore in the year-ago period.
Terms set for DHFL liquidation after big loss
India’s bankruptcy courts attempt to resolve its first shadow bank insolvency.
This fund that beat 96% of peers bets on financial stocks
India’s lending crisis isn’t over. And yet, the counts financial stocks as its bigg...
China virus outbreak may wallop economy, financial markets
The first cases of what has been identified as a novel coronavirus were linked to a seafood market in Wuhan, suggesting animal-to-human transmission, but it now is also thought to be spread between people.
India’s painful double whammy spreads to other emerging markets
An analysis of 30 major emerging economies shows half of them slowing or stagnating in 2020.
Fund managers expect global growth to rise
“Investors are bullish, but not euphoric,” said Michael Hartnett, chief investment strategist at BofA.
Letter from Wall Street: Dear PM Modi, your politics can wait, but the economy cannot
Use the mandate to implement policies that will make their lives better in the short, medium and long term.
Trades in junk bonds touch a new record
DHFL bonds were traded in two tranches on Thursday and Friday last week at 80-73 per cent discounts.
Ujjivan SFB eyes small businesses amid retreat by NBFCs
Many Indian lenders are focusing their efforts on the lucrative retail loans’ business.
Stalled projects: Centre's stand differs on Amrapali, Unitech
In December 2019, for Amrapali Group, the Centre made an application having a five-point criterion for financing the selected stalled projects. But for Unitech, the Centre refused to infuse funds from the Rs 25,000 crore corpus created to salvage stalled residential projects.
Will Bru-Reang refugee crisis end with the fresh agreement?
Bru-Reang representatives signed an accord with the Union Government and state governments of Tripura and Mizoram on Thursday. The 'historic...
Amit Shah signs pact to end Bru refugee crisis
New Delhi, Jan 16 (ANI): Union Home Minister Amit Shah and representatives of Bru refugees on January 16 signed an agreement to end crisis f...
It’s one step forward, one back for troubled Indian shadow banks
Shadow lender woes have made it harder for policy makers to prop up the economy, which grew at its weakest pace since 2009. The slowdown hurts borrowers’ ability to repay debt, and has prompted the central bank to predict that an improvement in banks’ bad-loan ratios will reverse. In a sign that creditors remain jittery, borrowing costs rose.
Sachin Bansal buys DHFL General Insurance
Flipkart co-founder Sachin Bansal’s bet on the insurance firm is part of his broader ambition in financial services industry.
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