Page 3561 - Business Finance
Assess your eligibility to avail home loan from Bajaj Finserv
Buying a home is one of the most important decisions in life, and one should look for good options when it comes to applying for a home loan.Home Loans are secured loans provided by all major financial institutions in India against the purchase of a residential property. The property is hypothecated with the financial institution while you continue living in your house peacefully, by just paying your monthly installments on time.The tenor for a home loan goes up to 20 years, and rate of interest varies across different institutions.Home Loans from Bajaj FinservBajaj Finance Ltd, the lending arm of Bajaj Finserv, through its fully owned subsidiary Bajaj Housing Finance Ltd offers its customers the facility to purchase their dream home through flexible home loan repayment options. Bajaj Finserv offers home loans up to Rs. 3.5 crores with interest rate starting at 8.40 percent. Borrowers who have a running home loan with other lenders can also transfer their loans to Bajaj Finserv at ...
Pak economy in limbo ahead of polls
London [United Kingdom]/Islamabad [Pakistan], June 13 (ANI): In present uncertain financial and political situation, it is certain that Pakistan Government will seek foreign aid and loans for survival.According to informed sources in Islamabad, the government wants to acquire financial strength before the July 25 general elections.Sources quoted economic pundits in the government as suggesting that the current account deficit can be stabilised by using rapidly dwindling foreign currency reserves.There is growing speculation that the government will have to seek a loan package from the International Monetary Fund (IMF) following the elections, for the second time since 2013, amid fears of being faced with a balance of payments crisis.Caretaker Finance Minister Shamshad Akhtar told a press conference in Islamabad on Tuesday that the government has to finance this trade deficit gap of USD 25 billion.The announcement came hours after the State Bank of Pakistan devalued the rupee by 3.7 ...
Nivesh.com raises Rs. 3 Cr seed funding through LetsVenture
Nivesh.com, an innovative mass market mutual funds investment platform, on Wednesday announced raising a seed funding of Rs. 3 crore through LetsVenture.With prominent names like Google India MD -Rajan Anandan and former Infosys Global Sales Head - Basab Pradhan as major angel investors, the startup has customers across 200 cities and business partners in over 15 cities.Other prominent investors include VivekKhare, Advisor Corporate Development at Naukri.com, Debasish Hota, CEO at CompuGain Corporation, USA, Windrose Capital, Bijoy George, Partner at Full Circle Tech LLP, and LetsVenture LLC.Mutual Fund market has grown over three times in the last five years from Rs. 7.01 trillion in March 2013 to Rs. 23.26 trillion in April 2018.With an extremely low penetration of around 3-4 percent, the industry is poised to continue growing at a steady pace."This investment further cements our belief in the business model. We are witnessing extremely good response from our target audience and ...
Indices trim gains after hitting day's high
Key indices trimmed gains after hitting fresh intraday high in afternoon trade. At 13:24 IST, the barometer index, the S&P BSE Sensex, was up 119.80 points or 0.34% at 35,812.32. The Nifty 50 index was up 29.55 points or 0.27% at 10,872.40. Encouraging monthly industrial growth data on Tuesday boosted market sentiment.
Global oil demand to grow steadily in 2019 but trade risks loom: IEA
LONDON (Reuters) - Oil demand will grow steadily in 2019 thanks to a solid global economy and stable prices, although trade tensions remain the largest risk, the International Energy Agency said on Wednesday.
U.S. trade policies, Italy's government cloud outlook for German economy: ministry
BERLIN (Reuters) - Germany's economic upswing is losing some momentum and the outlook for growth is clouded by a trade dispute with the United States as well as risks linked to Italy's new coalition government, the economy ministry said on Wednesday.
Coriander futures extend gains on spot demand
Coriander prices rose by 1.37 per cent to Rs 4,375 per quintal in futures trade today as participants raised bets, taking positive cues from spot market on rising domestic and export demand. Besides, tight stocks on account of restricted arrivals from the major growing belts, too, supported the up-trend in prices. At the National Commodity and Derivatives Exchange, coriander for delivery in July advanced by Rs 59, or 1.37 per cent, to Rs 4,375 per quintal with an open interest of 35,600 lots. Similarly, the spice for delivery in the current month traded higher by Rs 52, or 1.22 per cent, at Rs 4,315 per quintal, with an open interest of 290 lots. Marketmen attributed the persistent rise in coriander prices to pick-up in domestic as well as overseas demand against low stocks position on fall in supplies from producing regions.
Telecom industry revenue down 7% in Q4: Jefferies
Indian telecom revenues (adjusted gross revenues, AGR) fell another 7 per cent quarter-on-quarter (QoQ) and are down 25 per cent from the fourth quarter of 2015-16 levels, revealed a report by Jefferies.
Cabinet may consider leasing out Pragati Maidan land for 5-star hotel
At its meeting on Wednesday, the Union Cabinet is likely to consider among other things a proposal to lease out 3.7 acres of land at Pragati Maidan to private players for building a five star hotel, informed sources said.
Odisha can produce 100 million tonnes of steel: Steel Minister
Odisha is a major steel producing State contributing more than half of steel production in the country. It is rich in minerals and mines and has a potential to produce 100 million tonnes of steel out of 300 million tonnes envisaged in National Steel Policy by the year 2030-31. Kalinganagar is a major industrial hub. Around 15 steel plants are located in this region which include public sector plants like NINL and private sector plants like TATA Steel, Jindal Stainless Limited, Visa Steel and MESCO. To achieve the common objective of producing 300 million tonnes by 2030, enhanced production from Kalinganagar and Odisha State is important. The Minister expressed the hope that Kalinganagarwill develop potential for downstream facilities which include ferro alloy plants, duct iron pipes, steel furniture, power component manufacturing as well as stainless steel units.
Healthy macro data lift key equity indices
The key Indian equity indices traded in the green on Wednesday afternoon as a healthy industrial production data boosted investor sentiments.
Co-working space stock crosses 8 mln sq ft in top 8 cities: C&W
Co-working operators have taken on lease over 8 million sq ft of office space till April across the eight major cities, driven by rising demand for flexible workspace particularly from startups, according to property consultant Cushman & Wakefield. "The love for co-working spaces has been on a rise...co-working spaces have become a place for collaboration, networking and innovating with like-minded millennials," the consultant said in its latest report 'Who Moved Your Workplace? Flexible Workplace On Turbocharge'. Intense competition among shared workplace operators is leading to rapid expansion with stock exceeding 8 million sq ft across top eight cities, where more than 120 co-working operators are present and competing with each other. Awfis, WeWork, CoWrks, SmartWorks, Skootr, 91 Springboard, Innova8 are some of the major players operating in this business. "We foresee current ramp-up stage to continue for the next couple of years," the report said. Bengaluru accounts for 32 ..
Infibeam Incorporation Ltd rose for a third straight session today
The stock is quoting at Rs 154.5, up 1.64% on the day as on 12:59 IST on the NSE. Infibeam Incorporation Ltd is up 52.62% in last one year as compared to a 13.1% gain in NIFTY and a 35.26% gain in the Nifty IT index.
Rural Electrification Corporation Ltd is up for a third straight session today
The stock is quoting at Rs 118.25, up 1.55% on the day as on 12:59 IST on the NSE. Rural Electrification Corporation Ltd is down 36.06% in last one year as compared to a 13.1% jump in NIFTY and a 15.07% jump in the Nifty Financial Services index.
Bharat Petroleum Corporation Ltd is up for a third straight session in a row
The stock is quoting at Rs 419.55, up 1.07% on the day as on 12:59 IST on the NSE. Bharat Petroleum Corporation Ltd is down 9.06% in last one year as compared to a 13.1% spurt in NIFTY and a 18.31% spurt in the Nifty Energy index.
Bajaj Auto Ltd is up for a third straight session in a row
The stock is quoting at Rs 2920.2, up 1.14% on the day as on 12:59 IST on the NSE. Bajaj Auto Ltd is up 3.36% in last one year as compared to a 13.1% spurt in NIFTY and a 3.52% spurt in the Nifty Auto index.
IDFC Bank Ltd is up for a third straight session in a row
The stock is quoting at Rs 43.75, up 1.86% on the day as on 12:59 IST on the NSE. IDFC Bank Ltd is down 24.57% in last one year as compared to a 13.1% spurt in NIFTY and a 13.48% spurt in the Nifty Bank index.
Cipla Ltd is up for a fifth straight session in a row
The stock is quoting at Rs 586.05, up 3.34% on the day as on 12:54 IST on the NSE. Cipla Ltd is up 8.55% in last one year as compared to a 13.12% spurt in NIFTY and a 5.65% spurt in the Nifty Pharma.
Shares in Dutch payments company Adyen soar 70 percent after hot IPO
AMSTERDAM (Reuters) - Shares in Adyen, which handles the payments backend for Netflix, Facebook and eBay, surged more than 70 percent at the start of trading on Wednesday following its initial public offering.
Maruti Suzuki India's AllNewSwift clocks sales of 1-lakh units
Since its launch in 2005, cumulatively Swift has sold over 1.89 million units in India. Incidentally, Suzuki's 20 millionth vehicle produced in India was also a Swift.