Tuesday , 17 September 2019
Breaking News


How The Finance Prof Who Discovered The ‘Inverted Yield Curve’ Explains It To Grandma

NEW YORK, NEW YORK – AUGUST 14: A board displays the closing numbers on the floor of the New York Stock Exchange (NYSE) on August 14, 2019 in New York City. Following news of an economic slowdown in both Germany and China, concerns over a recession GETTY IMAGES On the morning of Wednesday, August 14, an unusual event took place ... Read More »

Ujjivan Small Finance Bank files draft papers for ₹1,200 crore IPO

NEW DELHI: Ujjivan Small Finance Bank has filed draft prospectus for ₹1,200 crore initial public offer with market regulator Securities and Exchange Board of India (Sebi). The bank is proposing to undertake an initial public offering of equity shares of face value of ₹10 each, comprising a fresh issue of shares aggregating up to ₹12,000 million ( ₹1,200 crore) in accordance with the Companies Act, 2013, ... Read More »

Finance ministry may consult Law ministry on FPI surcharge

NEW DELHI: The finance ministry may soon consult the law ministry on how best to provide relief to foreign portfolio investors (FPIs) from the super-rich surcharge that was announced in the July 5 budget. The government is exploring various options and the one considered most effective and legally feasible will be taken up, said people with knowledge of the matter. ... Read More »

The urgent case for green finance

Mumbai: A silent revolution is taking place, one which we cannot ignore. Climate change has been thrust into the foreground of the public consciousness and institutional investors are under pressure to act. This year’s annual general meeting of BP Plc signalled this shift quite unabashedly. While protesters lined the streets outside, a number of institutional investors, including Aviva Investors and Hermes Investment Management, ... Read More »

Address concerns, provide stimulus: Market players to Finance Minister

NEW DELHI: A rollback of the super-rich tax surcharge, removal of long-term capital gains tax (LTCG) on shares and tax policy certainty topped the wish list of market participants, including foreign portfolio investors (FPIs). They also sought a fiscal stimulus from the government to rev up the slowing economy at a meeting with finance minister Nirmala Sitharaman that she had called on ... Read More »

Rajiv Kumar appointed as new Finance Secretary

The Appointments Committtee of the Cabinet has approved the appoitment of Rajiv Kumar as the new Secretary of the Ministry of Finance on Tuesday. Kumar, a 1984 batch IAS officer from the Jharkhand cadre, was working as the Secretary, Department of Financial Services (DFS) at Ministry of Finance. Kumar will succeed Subhash Chandra Garg as the Finance Secretary. Garg, who ... Read More »

Mahindra Finance netslips 75% to ₹68 crore

Amid turbulence in the NBFC sector, Mahindra and Mahindra Financial Services reported a 75 per cent drop in standalone net profit to a mere ₹68 crore in the first quarter of the fiscal. Its net profit stood at ₹269 crore in the same period a year ago. Total income increased by 24 per cent at ₹2,413 crore during the quarter ended June 30, ... 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 »