Finance news

IFC to invest $200 million in Shriram Transport Finance to fund CV purchases  The Financial ExpressHalf of the total amount will come from IFC's own account and the rest mobilised from like-minded partners.

Understanding Annuities With The Help Of Behavioral Finance  ForbesVet your financial planners with the same care you use to select your healthcare practitioners.

Two New Platforms Provide Latest Knowledge on Green Finance and Green Business | News  IISD Reporting Services16 July 2019: Two new knowledge platforms have been launched to provide the financial and private sectors with the latest research, data, guidance and tools ...

AU Small Finance net profit more than doubles to Rs 190 cr in June quarter  MoneycontrolAU Small Finance Bank on July 25 said its net profit more than doubled to Rs 190 crore in the first quarter ended June 30. The company's net profit had stood at ...

IIFL Finance likely to raise up to Rs 1,000 crore via bonds  Economic TimesMumbai: IIFL Finance, an NBFC backed by the UK-based CDC Group, plans its first public bond sale this financial year to raise up to Rs 1,000 crore, said three ...

IFC to lend half of $200 million support to Shriram Transport Finance  Economic TimesMUMBAI: The World Bank group member International Finance Corporation (IFC) will lend USD 100 million of the USD 200-million to support Shriram Transport ...

PMO wants finance ministry to restudy issuing overseas sovereign bond  LivemintNEW DELHI: The Indian Prime Minister's Office (PMO) wants the finance ministry to reassess the idea of issuing foreign currency overseas sovereign bonds, two ...

Aadhar architect Nandan Nilekani has come up with a new platform Sahamati via which, the Infosys co-founder plans to make bank accounts operations paperless.

Bajaj Finance: Growth, asset quality issues resurface after a long hiatus  Business StandardEven as the liquidity crisis broke out last September, the conviction on Bajaj Finance stock remained high. Despite its expensive valuations, investors were ...

Finance Secretary Subhash Garg seeks VRS after being shifted to Power Ministry  Economic TimesA day after he was shifted from the high profile Ministry of Finance to the Power Ministry, senior bureaucrat Subhash Chandra Garg on Thursday applied for ...

The funding stress has been most severe for wholesale financiers, smaller NBFCs and fintechs, which have struggled to get even bank funds, while large NBFCs still have good access to funding, albeit at a rising cost, the report said.

Everyone Claims They’re Worried About Global Finance. But Only One Side Has a Plan.  The New York TimesBy “democratizing finance,” the left is pushing reforms that will allow workers to get their fair share of wealth. By Quinn Slobodian and Alexander Kentikelenis.

The government last week cleared seven amendments to the Insolvency and Bankruptcy Code (IBC) seeking to put in place a 330-day deadline for corporate resolution process, including litigation and other judicial processes, as well as make resolution plan binding on all stakeholders.

Bajaj Finance’s Q1 show strong, but some warning signs worry investors  LivemintBajaj Finance's assets under management grew by 41% on a consolidated basis, similar to previous quarters.The percentage of loans having non-payment ...

Bajaj Finance Q1 net jumps; Here are the key takeaways  Economic TimesMumbai: Bajaj Finance on Thursday reported a 43 per cent year-on-year (YoY) surge in net profit at Rs 1,195 crore in June quarter. This was the highest ...

Trouble in Finance Ministry: Did Subhash Chandra Garg quit to avoid demotion?  India TodaySubhash Chandra Garg, finance secretary, opted for VRS (voluntary retirement scheme) when he was ordered to move to Power Ministry, a demotion of sorts.

New World Fund sells Shriram Transport Finance's shares worth Rs 148 cr  MoneycontrolNew World Fund on July 25 offloaded over 15 lakh shares of NBFC firm Shriram Transport Finance Company Ltd for about Rs 148 crore through open market ...

M&M Finance has worst 1-day fall since Jan 2008  Economic TimesThe stock ended at its lowest level since May 2017.

HDFC Bank stops finance for some Eicher sellers  Times of IndiaIndia Business News: HDFC Bank has discontinued inventory finance to some dealers of Eicher Motors — makers of the Royal Enfield motorcycle.

Finance companies may face bank-like restrictions  Times of IndiaIndia Business News: After forcing banks to recognise stressed loans as non-performing assets (NPAs) last year, the Reserve Bank of India (RBI) is talking tough ...