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 […]

Hela February 15, 2019

Karnataka and Maharashtra have high microfinance density. KOLKATA: Anushree Jindal, daughter-in-law of JSW Group chairman Sajjan Jindal, has announced the beginning of her microfinanceventure Svamaan Financial Services with Rs 10 crore “personal family money” as seed capital. The entity has started lending last week after receiving an NBFC-MFI license from Reserve Bank of India, Anushree Jindal told ET in a telephonic interview. This makes Svamaan the […]

Hela February 13, 2019

SME lending in India tends to be a higher margin business because banks can charge hefty interest rates. By Ronojoy Mazumdar A policy of cautious lending to the silk weavers and shopkeepers of Tamil Nadu has allowed a small local bankto outpace the largest Indian banks in terms of share price performance. City UnionNSE -0.78 % Bank, […]

Hela February 12, 2019

India is now the world’s fastest growing major economy. This is worth celebrating although there is a long road to catch up. In nominal terms, the US economy is still seven times as large as India’s. China’s GDP was 140% larger than India’s in 1998. Twenty years later, its faster growth rates have ensured that […]

Hela February 12, 2019

Facebook says it is investing $300 million over the next three years in local news programmes, partnerships and other initiatives. The money will go toward reporting grants for local newsrooms, expanding Facebook’s programme to help local newsrooms with subscription business models and investing in nonprofits aimed at supporting local news. The move comes at a […]

Hela February 12, 2019

CM Yogi Adityanath (PTI) Chief minister Yogi Adityanath said on Monday the Supreme Court should respect the faith of the people on the Ram Janambhoomi issue. Replying to the debate on motion of thanks on Governor address, Adityanath said earlier the Allahabad High Court had resolved the dispute stating that the spot where Ram Lala temple […]