Page 282 - Finance News

India Inc's fundraising from overseas up 12% to $9.7 billion in H1 2023

Several companies, led by Reliance Industries, raised funds from overseas

A snapshot of company fixed deposit rated offered by various companies

Here is how the company fixed deposit rates offered by various firms stack up

Fund pick: Nippon India Growth Fund

Fund pick of Nippon India Growth Fund

Rupee makes a strong comeback in 2023 on back of strong portfolio inflows

The rupee has moved within a band of Rs 81.5 per dollar to Rs 83 per dollar in six months

Personal loans galore: Credit offtake to outpace deposit growth in FY24

CareEdge estimates the credit growth to be in the range of 13%-13.5% and deposit growth to be in the range of 10-10.5% during FY24.

Sundaram Alternates launches Rs 1,500 cr realty private credit fund

The new fund seeks to raise Rs 750 crore with a green shoe option worth Rs 750 crore, taking the aggregated target size to Rs 1,500 crore

Singapore's Instarem sees huge inflow of diaspora remittances into India

Instarem is continuously working on new products, as Sangle sees a lot more headroom for growth in the fragmented global remittance market

Culture Ministry, Canara Bank sign MoU for financial assistance to artists

A Memorandum of Understanding was signed between the Ministry of Culture and a PSU bank on Wednesday for the disbursal of financial assistance to veteran artists, officials said

Deposit claims worth Rs 752 cr settled in FY23: Financial Stability Report

In absolute terms, the insured deposits amounted to Rs 83.89 trillion as of March 31, 2023

Pace of retail loan growth double of total advances, says RBI report

Share of unsecured retail loans increased from 22.9% to 25.2%, shows data

GNPAs fall to decadal best of 3.9% in March; set to improve further: RBI

Das said that the balance sheets of corporates and banks have strengthened, which present a "twin balance sheet advantage" for growth going forward

Private equity investments in real estate sector down by 20% YoY in H23

Investors turn cautious on geo-political worries, recession fears

ITC can't be denied under GST even when post-supply discounts received: AAR

Value of supply would stand reduced, while tax liability remains as it is: Andhra authority

Rupee gains 5 paise to 81.97 against US dollar on foreign fund inflows

The rupee was trading at 81.97 against the US dollar at 9.35 am, registering a gain of 5 paise over the previous close of 82.02

Rate hikes revealed hidden stresses of banking sector: Chandrasekaran

"This could impact global growth in the coming year," he said

RBI relaxes restrictions on HDFC Credila over on-boarding of new customers

The RBI had also asked for the shareholding of HDFC Bank in HDFC Credila to be brought down to 10% on or before March 31, 2024, the company said in the filing

RuPay cardholders will be able to access airport lounges in major cities

Priority Pass Access India has partnered with the National Payments Corporation of India, offering airport lounge access to RuPay card holders

CreditAccess Grameen syndicates social loan facility of up to $200 mn

This will qualify as External Commercial Borrowing (ECB) under the automatic route of the RBI, the company said in a statement

Monsoon-proof your vehicle with engine protection insurance cover

If you own an EV, buying a battery-protection add-on would be prudent

India's Jan-March current account deficit narrows as trade gap shrinks: RBI

Net services receipts increased, sequentially and on a year-on-year (y-o-y) basis, on the back of a rise in net earnings from computer services, the RBI said