Despite the coronavirus pandemic, financial wealth in India has a growth of 11 percent to USD 3.4 trillion in 2020, a global consultancy estimated on Tuesday. The 11 percent growth in financial wealth was at par with the compounded annual growth...
.jpg "RBI Proposes New Regulatory Framework for MFIs; Limit on Repayment Terms and No Rate Cap")
The Reserve Bank of India (RBI) has proposed a new regulatory framework for microfinance institutions (MFIs) that includes capping the outflow on account of repayment of a household's loan obligations to a maximum of 50 percent of the...
India’s unemployment rate improved to a six-week low of 8.7% as falling coronavirus infections lead states to relax the lockdown curbs and monsoon rains cover some parts of the country. Economists, however, said that the recovery is...
Bharat Heavy Electricals Ltd (BHEL) share price tumbled as much as 18 per cent to Rs 62.55 apiece in intraday on BSE, after the company reported lower-than-expected Jan-Mar quarter results. At NSE, the stock plummeted 20 per cent. BHEL’s...
Running a side business is a great way to create another source of income for you and if done properly, this side business can even help you to make a lot of money if you plan accordingly. It is also important to know the fact that you have to...
.jpg "Four Companies to Launch IPOs Next Week worth Rs 9123 Crore")
After a two-month hiatus, the IPO market is picking up steam, with four companies conducting IPOs next week, raising a total of Rs 9,123 crore. Macrotech Developers (formerly Lodha Developers) had its most recent initial public offering (IPO)...
The government plans to bring in a clutch of anchor investors to invest up to Rupees 25,000 crore in the shares of Life Insurance Corp. of India (LIC) in its planned mega initial public offering (IPO), said two people, including a top central...
Overseas investors poured in a net Rs 13,424 crore so far in the month of June as risk-on sentiment improved amid a decline Covid-19 cases and expectations of early opening of the economy. As per depositories data, foreign portfolio investors...
The Reserve Bank of India (RBI) approved an increase in the interchange fees per transaction using automated teller machines (ATMs) for financial transactions from 15 to 17 on Thursday. The costs for non-financial transactions have been raised...
With decline in the number of fresh COVID-19 cases and easing of restrictions, the country’s gross domestic product (GDP) will grow at 8.5 per cent in FY2021-22, according to credit rating agency Icra Ratings. It expects the gross value...
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