15th Finance Commission cuts states’ share of central taxes to 41% vs 42%
New Delhi: The 15th Finance Commission, in its interim report for 2020-21, has marginally reduced the share of states in the divisible pool of central […]
Finance
Finance Ministry and exporters spar over GST refunds
NEW DELHI: Small businesses, mainly exporters, are at loggerheads with Finance Ministry over the input tax credit refunds. While exporters claim the government has been withholding […]
Ratan Tata, Nandan Nilekani promoted Avanti Finance to soon raise $30-40 mn
Ratan Tata and Nandan Nilekani invested Rs 50 crore each into Avanti Finance two years ago. Avanti Finance, the microloan-focused NBFC promoted by Ratan Tata and Nandan […]
Indiabulls Housing Finance Shares Crack 38% on Doubts Over Merger with Lakshmi Vilas Bank
Indiabulls Housing Finance Ltd shares cracked over 38% on Monday on the apprehensions that the proposed merger with Lakshmi Vilas Bank Ltd could face a […]
Payments banks may be allowed to convert into small finance banks
Reserve Bank of India comes out with draft norms for ‘on-tap’ licensing of SFBs The Reserve Bank of India may allow existing payments banks to […]
ADCB launches real time trade finance for customers on dltledgers Blockchain platform
UAE’s Abu Dhabi Commercial Bank (ADCB) has digitised trade finance for its customers using the Singapore-based dltledgers Blockchain platform. ADCB reported completion of its first […]
Still in talks with PMO to revive industry sentiment, says Finance Minister Nirmala Sitharaman
Finance minister Nirmala Sitharaman August 16 said her officials are in discussions with their counterparts in the PMO and once the talks are over government […]
Analyst Calls: HCL Tech, Bajaj Finance, Tata Steel, Cipla
The domestic stock market on Friday showed early signs of a possible breakout from its consolidation range. And Nifty futures on Singapore traded 7.50 points higher this […]
Bajaj Finance Q1 result 2019: AUM rises 41% to Rs 1.29 lakh crore, new loan grows
Bajaj Finance, a part of Bajaj Holdings and Investments Limited, has said its assets under management (AUM) grew 41 per cent on a consolidated basis […]
Finance ministry mapping out action plan for new government
NEW DELHI: Finance ministry mandarins putting finishing touches to an action plan for the new central government said it includes plans to raise fresh capital for […]