Bajaj Finance Shares Bounce Back On Strong Loan Book

July 16, 2019

Share of Bajaj Finance bounced back strongly on Tuesday after falling over 8 per cent in the previous session. Shares of the Pune-based NBFC (non-banking financial company) jumped over 6 per cent to touch an intraday high of Rs. 3,624.05 on the Bombay Stock Exchange. The jump in Bajaj Finance share price came after it reported an […]

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Finance Ministry restricts access to journalists: Here is all you need to know

July 14, 2019

The Ministry of Finance has decided not to let journalists, even those with Press Information Bureau (PIB) accredited cards, enter its premises in North Block without prior appointment. Earlier, this restriction was imposed only ahead of Budget presentation, when the entire ministry is quarantined in order to maintain secrecy. However, these restrictions were lifted on […]

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PWC resigns as statutory auditor of Reliance Capital and Reliance Home Finance

June 12, 2019

Anil Ambani-led Reliance Capital and Reliance Home Finance Wednesday said Price Waterhouse & Co Chartered Accountants (PWC) has resigned as statutory auditor of both the companies. PWC has put in its resignation, with effect from June 11, 2019, citing unsatisfactory response to “certain observations” made by it as a part of the ongoing audit for […]

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Nirmala Sitharaman is Finance Minister: 10 facts about the senior-most woman in Modi’s cabinet

May 31, 2019

Nirmala Sitharaman is all set to step into Arun Jaitley’s shoes as she takes charge of the finance portfolio in Modi’s Cabinet 2.0. She has served as the defence minister in the Modi government’s first term from September 2017 to May 2019. She took charge as the Finance Minister on Friday afternoon. Here are 10 […]

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Muthoot Finance Q4 profit rises 11% for FY19

May 14, 2019

Kochi: Major gold finance company Muthoot FinanceNSE 4.52 % Ltd (MFIN) recorded 11% increase in net profit year-on-year for FY19 at Rs 1972 crore . The loan assets for the year stood at Rs 34246 crore, 18% rise over previous year. The total income grew by 9% to Rs 6881 crore and the gold loan outstanding touched […]

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PNB Housing Finance profit up 51% at ₹380 crore

May 10, 2019

NEW DELHI: PNB Housing Finance Limited said on Thursday its net interest income registered a growth of 13% to ₹609.7 crore in the quarter ending 31 March from ₹540.8 crore in the corresponding period of previous fiscal year. While profit after tax grew by 51% to ₹379.7 crore from ₹251.6 crore. The spread on loans for Q4 FY18-19 stood at 2.59% […]

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Have Finances Played A Part In Scuppering Atletico Madrid’s Bid For Glory?

May 6, 2019

Atletico Madrid have spent heavily in order to accrue silverware and deliver sustained success, but now it appears a player exodus could be on the cards. (AP Photo/Manu Fernandez) Atletico Madrid coach, Diego Simeone, admitted in the week leading up to Barcelona’s La Liga title win that his club were, realistically, waiting for the Blaugrana or […]

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Shares of Reliance Capital, Reliance Home Finance fall on ICRA downgrade, stake sale report

April 30, 2019

Shares of Reliance Capital fell over 11 percent on Tuesday after the rating agency ICRA has revised its ratings for Anil Ambani-led Reliance Capital and its subsidiaries from A2 to A4 with negative implications. At 11:40 am, Reliance Capital was trading at Rs 133.7 per share, down 8 percent on BSE, while Reliance Home Finance […]

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Aye Finance launches its not for profit company for advancement of micro enterprises

April 20, 2019

NEW DELHI: After successfully enabling the financial inclusion of over 1,00,000 micro enterprises, Aye Finance is launching its not for profit Company FAME (Foundation for Advancement of Micro Enterprises), under which it will run its CSR interventions. Social good is a core value at Aye and has been an inherent part of the impact the lender is making in the micro […]

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4 key ways countries can finance their SDG ambitions

April 12, 2019

A new global framework for financing sustainable development was established in 2015. Every country on earth signed up to the Global Goals, having recognized the critical importance of attracting private capital to finance those goals under the Addis Ababa Action Agenda. Over the past four years, the development finance community has made significant progress: a number of […]

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