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Finance

Buy Cholamanadalam Investment & Finance, target price Rs 225: Motilal Oswal

June 6, 2020 Alok 0

Motilal Oswal has given a buy rating to Cholamandalam Investment & Finance with a target price of Rs 225. Disbursements declined 36 per cent year […]

How important is Hong Kong to China as a free finance hub?

June 1, 2020 Alok 0

Bankers and investors fear China’s push to impose national security laws on Hong Kong threaten the city’s future as an international financial centre. If it […]

Reliance Home Finance defaulted on loan repayment of Rs 40 crore in February: Regulatory filing

March 11, 2020 Alok 0

The Anil Ambani-controlled Reliance Capital group firm Reliance Home Finance has defaulted on loan repayment of Rs 40.08 crore in February, it said in a regulatory filing. The company […]

15th Finance Commission cuts states’ share of central taxes to 41% vs 42%

February 1, 2020 Alok 0

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 Ministry and exporters spar over GST refunds

January 19, 2020 Alok 0

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

December 23, 2019 Alok 0

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

September 30, 2019 Alok 0

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

September 14, 2019 Alok 0

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

September 4, 2019 Alok 0

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

August 19, 2019 Alok 0

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 […]

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