Finance

Hela February 15, 2019

Competition from large, established technology companies (BigTech) and financial technology (FinTech) could put pressure on the profitability of financial institutions and lead them to take on more risks to protect their margins.  As part of its ongoing monitoring of BigTech and FinTech influence on financial institutions, the Financial Stability Board (FSB),  today published “FinTech and market structure […]

Hela February 15, 2019

Reliance Home Finance, part of Reliance Capital, on Tuesday posted a 37.5 increase in net profit after tax at Rs 55 crore in three months ended December 31, 2018. In comparison, the company had reported a net profit after tax of Rs 40 crore in October-December quarter of 2017, Reliance Home Finance Ltd (RHFL) said […]

Hela February 15, 2019

The Rajya Sabha passed the Interim Budget and Finance Bill 2019-20 without a debate on February 13– the last day of the Budget session of Parliament. The Interim Budget, Appropriation Bills and Finance Bill were passed by a voice vote in the Upper House after a broad consensus was arrived among political parties to pass […]

Hela February 15, 2019

Shares of Repco Home Financedeclined 10 percent intraday Thursday despite company posted robust numbers for the quarter ended December 2018. The company has reported 31 percent jump in its Q3 net profit to Rs 55.64 crore versus Rs 42.42 crore in the same quarter last fiscal. Revenue jumped 11 percent to Rs 304 crore versus Rs […]

Hela February 15, 2019

Non-banking finance company, Muthoot Finance on Wednesday said it plans to raise up to Rs 750 crore through non-convertible debentures (NCDs). The base size of the issue of Rs 100 crore, with an option to retain oversubscription up to Rs 650 crore. It offers nine investment options for secured NCDs with monthly, annual interest payment frequency or […]

Hela February 15, 2019

In a relief to the Congress-JDS government, the Karnataka Assembly Thursday passed the Finance bill amid the ongoing political turmoil that had kept the ruling coalition on the edge over its numbers. It was passed without discussion amid uproarious scenes with BJP members staging protests over the attack on party MLA Pritam Gowda’s house at […]

Hela February 15, 2019

Union Minister Arun Jaitley has assumed charge as Finance Minister on February 15. Jaitley attended a Cabinet Committee meeting on Security at 9.15 am. The Cabinet discussed the terror attack in Jammu & Kashmir’s Pulwama that left nearly 40 jawans of the Central Reserve Police Force (CRPF) dead and over 18 critically injured. “Attack on CRPF in […]

admin February 11, 2019

The Delhi Police had been pursuing the couple because they were proclaimed offenders in a case registered by the city police’s economic offences wing.(HT Photo used for representative purpose) A couple who are professional con artists and have scammed several persons and financial institutions of at least Rs 30 crore were arrested by Delhi police on […]

admin February 11, 2019

The Indian Navy and the Indian Air Force will not have funds to pay for platforms and equipment they have agreed to buy (or have actually bought) in the past years in the coming financial year 2019-2020, unless the government allocates more money to them. The Indian Army is better off, but in general the […]

admin February 11, 2019

Caught in the tight grip of debt, the Captain Amarinder Singh-led Congress government in Punjab is planning to seek a debt relief package from the 15th Finance Commission to come out of its financial difficulties. The debt issue will be taken by the state top brass led by the CM in its meetings with the […]