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Author Archives: Loknath Das

Italy Drafts ‘No-Mobile-Phone Phobia’ Law

Italy’s anti-establishment Five Star Movement (M5S) has drafted a law aimed at preventing and treating the rising phenomenon of addiction to mobile phones and computers, particularly among the young. The bill seeks to treat so-called “no-mobile-phone phobia” (also known as “nomophobia”) or the fear of not being able to get regular access to social networks or messaging apps. It proposes ... Read More »

Micromax’s Rahul Sharma: From mobile to mobility

Rahul Sharma, founder, Revolt Intellicorp Rahul Sharma had many reasons to start making electric bikes. To begin with, there were the dwindling fortunes of his company Micromax Informatics, once India’s second-largest phone maker with a market share of over 20 percent in 2014; today it is a fringe player, with less than 2 percent market share. Then there is his ... Read More »

Personal Finance wrap: From financial advice for planning a sabbatical to gilt funds

Are you planning to take a sabbatical? We’ve got you covered! From financial advice for your sabbatical to FDI in insurance intermediaries, find all the major personal finance stories of the week here. Credit quality woes for debt fund investors Earlier last week, rating agency CARE came with a report on how credit quality of the companies that it rates is ... Read More »

Lok Sabha passes Finance Bill

The Finance (No. 2) Bill, 2019 was passed in the 17th Lok Sabha on July 18. Finance Minister Sitharaman said that the tax proposals in the Finance Bill 2019 are aimed at improving the ease of living and reducing pain of the citizens. While replying to discussion on the Finance Bill, Sitharaman said Budget proposals will promote Make in India ... Read More »

European fintech MODIFI launches digital trade finance platform for Indian SME exporters

European fintech MODIFI today announced the launch of its digital export finance in India, with an objective to enable small and medium-sized (SMEs) exporters to thrive and offer attractive payment terms to their international buyers. A press statement said the company has chosen India as the first market for its expansion into Asia after having successfully launched its digital trade finance platform ... Read More »

Indian real estate developers at risk as credit dries up

Indian developers are at risk of going belly-up as mounting stress in the nation’s credit market dries up funding even for those willing to pay decade-high rates. “With the worsening shadow-banking crisis, borrowing rates for most developers have surged to the highest in more than a decade, in some cases about 20%,” said Amit Goenka, managing director of Nisus Finance ... Read More »

Consumer finance focus can bring SoftBank to Piramal

MUMBAI: A potential investment by Japanese multinational conglomerate SoftBank into the financial services arm of the Piramal Group will likely depend on the Indian company’s willingness to aggressively move into the consumer finance segment away from its current wholesale focus, two people in the know of the matter said. Billionaire industrialist Ajay Piramal has held talks with at least four private equity funds, including ... Read More »

Real Estate Registry on Blockchain: Promise Land or Wishful Thinking?

Why have blockchain pilots in real estate abated somewhat? Those projects bump up against the fundamental inconsistency of blockchain and existing state system, and it seems they cannot confessed to this. First, there is no such thing as the use of blockchain for real estate. There are plenty of different concepts and ideas, and as you will find below, some ... Read More »

L&T Finance arm gets $100m from AIIB for green energy funding

The Beijing-headquartered multi- lateral developmental lender Asian Infrastructure Investment Bank (AIIB) Friday said it will provide USD 100 million in loans to L&T Infrastructure FinanceNSE -0.28 % Company for on-lending to wind and solar powerinfrastructure projects in the country. This deal with the arm of L&T Finance Holdings marks the bank’s first loan to a non-banking finance company. “Our latest project will increase the supply ... Read More »

Sanjeev Zarbade’s top 5 real estate and cement stock picks

Infosys is all slated to come out with their numbers tomorrow. How do you expect the stock to shape up? So far as the IT sector earnings are concerned, we have seen that in FY19 they had the benefit of good growth on the BFSI segment. Also, there was some rupee depreciation which was a tailwind for the IT sector. ... Read More »