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Finance

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 »

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 »

RBI to consider ‘on tap’ licensing for small finance banks

The Reserve Bank of India (RBI) on June 6 said it was considering “on tap” licensing for small finance banks. The central bank said it would issue draft guidelines on the licensing of such banks by the end of August 2019. “There is a case for more players to be included to enhance access to banking facilities to the small ... Read More »

Hopes of cheaper finance, consumption growth to propel equities

Reserve bank of India will announce the FY20’s second bi-monthly monetary policy on June 6. Currently, the policy repo, or central bank’s short-term lending rate for commercial banks, stands at 6 per cent (Representational Image) Mumbai: Prospects of cheaper finance along with a liquidity boost from the apex bank will sustain the uptrend in equity markets during the coming week, analysts ... Read More »

Eveready Appoints Two Senior Finance Officials, Co Denies

Eveready Industries India Ltd (EIIL) has appointed two joint chief financial officers, amid talks that its parent, the Williamson Magor Group, is scouting for a strategic partner for the dry cell battery major. Eveready Industries has denied the appointments to be any indication of a possible restructuring in the company, maintaining that the move was a part of the career ... Read More »

New To The Finance Field? 10 Industry Pros Offer Tips For Young Executives

Today’s finance professionals are entering the workforce at a difficult time. New technology and currencies are rising, the market is in flux, and the economy is increasingly global, making it difficult for them to settle into their careers. To feel grounded, these workers might consider seeking guidance from a seasoned pro. That’s why we asked the experts of Forbes Finance Council for ... Read More »

Venice floods show Europe needs sustainable finance to avoid disaster

In November last year, high winds combined with a seasonal high tide put much of Venice under water as well as causing the devastating loss of life and destruction elsewhere in Italy. The Venetian floods had a high cost both to the local economy and to priceless cultural heritage including St Mark’s Basilica. Work to install innovative underwater flood barriers ... Read More »

Indiabulls Housing Finance falls 2% post Moody’s corporate family rating

Shares of Indiabulls Housing Finance slipped more than 2 percent intraday Monday after Moody’s initiated the corporate family rating at Ba1. The international rating agency Moody’s has initiated the corporate family rating of Indiabulls Housing Finance at ‘Ba1’ with stable outlook. At 09:56 hrs Indiabulls Housing Finance was quoting at Rs 680.05, down Rs 16.35, or 2.35 percent on the BSE. The ... Read More »

Finance panel to reconcile data for its report

Amid a cloud over the credibility of India’s key economic statistics, the 15th Finance Commission  has said that it will reconcile data from various public sources to come up with its own conclusion of a reliable economic data. This was stated by N K Singh, Chairman of the Commission, during a two-day meeting with the Governor of Reserve Bank of India  ... Read More »

EXCLUSIVE: Godrej group plans to foray into financial services business

The Godrej group is looking to enter the financial services business as the company sees a big opportunity in the sector after the liquidity situation is seen easing, sources told CNBC-TV18. The 121-year-old conglomerate, which is present in businesses ranging from real estate to locks to soaps, is planning to launch the financial services business this year, starting with home ... Read More »