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Finance Minister Chairs India-UK Investor Roundtable In London
Finance Minister Nirmala Sitharaman has chaired an India-UK Investor Roundtable in London, attracting around 60 UK investors representing various pension funds, insurance companies, banks and other financial institutions.
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In India's Largest Bank Loan This Year, SBI Seeks $1.25 Billion
Non-banking finance companies, or so-called shadow banks, in particular, have increasingly tapped dollar-denominated facilities amid stricter regulations at home.
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RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
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RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
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"Onboarding More Merchants, Heartening To See Unwavering Support": Paytm
Paytm founder, Vijay Shekhar met with Union Finance Minister Nirmala Sitharaman on Tuesday and discussed the ongoing issue of the company, ANI reported quoting its sources.
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HDFC Leaps To 4th In World's Most Valuable Banks List After Mega Merger
In what is being called the biggest transaction in the history of India Inc, HDFC Bank will take over its parent, housing finance major HDFC, on Saturday. Following the reverse merger, the country's first home finance company, would cease to exist.
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Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar ...
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World Bank Group's IFC to Invest Rs. 600 Crore in Mahindra's New EV Unit for Last-Mile Electric Mobility
Mahindra & Mahindra on Wednesday said World Bank Group arm IFC will invest Rs. 600 crore in a new unit of the company, which is being incorporated to scale up the last-mile electric mobility business.
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Adani Row: "LIC, State Bank Exposure Tiny," Finance Secretary Tells NDTV
"SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor," Finance Secretary TV Somanathan told NDTV.
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Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
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Banks Forced To Hold On To Twitter Deal Debt: Report
The banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses.
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Samsung, Axis Bank Launch Credit Card With Year-Long Cashback Discounts: All Details
Samsung has partnered with Axis Bank to offer a new credit card that offers 10 percent cashback to users around the year for customers who purchase the company's products, as the South Korean firm targets repeat purchases from its 175 million-strong customer base in the country. The company's move to offer cashbacks to customers via a credit card c...
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ED Freezes WazirX Funds Worth Rs 64-Cr for 'Assisting' in Money Laundering
The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...
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Oppo, Vivo India and Xiaomi Under Government Scanner in India as ED Takes ActionÂ
Oppo, Vivo India and Xiaomi are under scanner in India as the government is looking into alleged tax evasion cases by the Chinese tech firms. Finance Minister Nirmala Sitharaman announced DRI issued notice to Oppo for duty evasion, while ED is conducting search on Vivo. Xiaomi has been issued three showcase notices so far. Â
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CBI Files Fresh Case Of Cheating Against Fugitive Mehul Choksi
The Central Bureau of Investigation (CBI) has registered a fresh case against fugitive diamantaire Mehul Choksi and his company Gitanjali Gems for allegedly defrauding the Industrial Finance Corporation of India (IFCI).
-
Finance Minister Chairs India-UK Investor Roundtable In London
Finance Minister Nirmala Sitharaman has chaired an India-UK Investor Roundtable in London, attracting around 60 UK investors representing various pension funds, insurance companies, banks and other financial institutions.
-
In India's Largest Bank Loan This Year, SBI Seeks $1.25 Billion
Non-banking finance companies, or so-called shadow banks, in particular, have increasingly tapped dollar-denominated facilities amid stricter regulations at home.
-
RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
-
RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
-
"Onboarding More Merchants, Heartening To See Unwavering Support": Paytm
Paytm founder, Vijay Shekhar met with Union Finance Minister Nirmala Sitharaman on Tuesday and discussed the ongoing issue of the company, ANI reported quoting its sources.
-
HDFC Leaps To 4th In World's Most Valuable Banks List After Mega Merger
In what is being called the biggest transaction in the history of India Inc, HDFC Bank will take over its parent, housing finance major HDFC, on Saturday. Following the reverse merger, the country's first home finance company, would cease to exist.
-
Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar ...
-
World Bank Group's IFC to Invest Rs. 600 Crore in Mahindra's New EV Unit for Last-Mile Electric Mobility
Mahindra & Mahindra on Wednesday said World Bank Group arm IFC will invest Rs. 600 crore in a new unit of the company, which is being incorporated to scale up the last-mile electric mobility business.
-
Adani Row: "LIC, State Bank Exposure Tiny," Finance Secretary Tells NDTV
"SBI and LIC's exposure to any given company is far below the level where it should be a concern to any investor," Finance Secretary TV Somanathan told NDTV.
-
Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
-
Banks Forced To Hold On To Twitter Deal Debt: Report
The banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses.
-
Samsung, Axis Bank Launch Credit Card With Year-Long Cashback Discounts: All Details
Samsung has partnered with Axis Bank to offer a new credit card that offers 10 percent cashback to users around the year for customers who purchase the company's products, as the South Korean firm targets repeat purchases from its 175 million-strong customer base in the country. The company's move to offer cashbacks to customers via a credit card c...
-
ED Freezes WazirX Funds Worth Rs 64-Cr for 'Assisting' in Money Laundering
The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...
-
Oppo, Vivo India and Xiaomi Under Government Scanner in India as ED Takes ActionÂ
Oppo, Vivo India and Xiaomi are under scanner in India as the government is looking into alleged tax evasion cases by the Chinese tech firms. Finance Minister Nirmala Sitharaman announced DRI issued notice to Oppo for duty evasion, while ED is conducting search on Vivo. Xiaomi has been issued three showcase notices so far. Â
-
CBI Files Fresh Case Of Cheating Against Fugitive Mehul Choksi
The Central Bureau of Investigation (CBI) has registered a fresh case against fugitive diamantaire Mehul Choksi and his company Gitanjali Gems for allegedly defrauding the Industrial Finance Corporation of India (IFCI).
