Medium scale companies may be given credit risk cover
The Credit Guarantee Fund Trust for Micro and Small Enterprises, run by the government and financial institution Sidbi, has floated a consultation paper to banks, where it has estimated that it will get business of around Rs 4,000 crore during the first year.
Sachin Bansal to put $400m in banking biz
Bansal could likely invest $400-450 million in the new venture, according to estimates, which will ...
Kotak Standard Multicap Fund: Fund Review
Among multi-cap schemes, Kotak Standard Mulitcap is a stable performer in longer duration cycles of...
What changed for D-Street while you were sleeping
Nifty futures on the Singapore Exchange traded 62.50 points, or 0.51 per cent, lower at 12,210, indicating a negative start for Dalal Street.
India’s SWF gets ready to launch non-bank lender
NIIF already counts CPPIB, Abu Dhabi Investment Authority, AustralianSuper, Ontario Teachers’ Pension Plan, Temasek, Axis Bank, HDFC Group, ICICI Bank and Kotak Mahindra Life Insurance as investors in the NIIF Master Fund, along with the government of India.
Emkay Securities maintains sell on L&T Finance, target price Rs 98
The brokerage said it remains skeptical about uncertainty and volatility in the business model of the company.
Telecom companies seek modification in AGR ruling, move SC
The ‘modification’ applications were filed on Monday after the Supreme Court last week rejected the pleas of the three phone companies to review the October 24 verdict that widened the definition of adjusted gross revenue (AGR).
TRAI deferring zero-IUC regime to hit Voda Idea & Airtel, benefit Jio: Analysts
Mukesh Ambani-led Reliance Jio now stands to pocket as much as Rs 1,600 crore in interconnect fees from the two older carriers over the next one year, having become a net IUC recipient in the October-December period, analysts said.
Strategic investors find new roads to growth as banks play safe
In the coming quarters, the industry’s attractiveness will be gauged more from individual projects than the order book.
RBI releases minutes of board meeting for first time
The channels of communication with outside stakeholders have opened up ever since Das took over as RBI guv.
HCL Technologies expects strong demand across sectors in coming quarters
The company, which posted 15.5 per cent rise in revenue in the December quarter, is also seeing strong growth in the European and US markets.
IMF cuts India’s FY20 growth forecast to 4.8%
The IMF cut its estimate citing a sharper-than-expected slowdown in local demand and stress in NBFC sector.
Govt likely to take more steps to deal with financial sector problem: Rajiv Kumar, NITI Aayog VC
The government since August has taken several steps, including liquidity support to housing finance companies, one-time partial credit guarantee to public sector banks for purchase of high-rated pooled assets of non-banking finance companies (NBFCs) and mega merger of public sector banks.
New India Co-operative Bank shareholders approve conversion to 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 better regulation of such lenders which are heavily influenced by regional political heavyweights. NICB shareholders will now be approaching the RBI and Central Registrar of Societies for further action, the bank said.
ASCI announces new code for brands to claim awards, rankings in ads
Now, brands and services need to ensure that the accrediting bodies involved in disseminating or presenting awards or rankings are authentic and credible, while validating their claims in advertisements. Now, brands and services need to ensure that the accrediting bodies involved in disseminating or presenting awards or rankings are authentic and credible.
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