Page 29 - Finance
Government approves 22nd tranche of electoral bonds; sale from October 1-10
Ahead of assembly elections in Gujarat and Himachal Pradesh, the government on Thursday approved issuance of 22nd tranche of electoral bonds that will open for sale on October 1. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. State Bank of India (SBI), in the 22nd phase of sale, has been authorised to issue and encash electoral bonds through its 29 authorised branches from October 1-10, the finance ministry said in a statement. The authorised SBI branches include those in Lucknow, Shimla, Dehradun, Kolkata, Guwahati, Chennai, Patna, New Delhi, Chandigarh, Srinagar, Gandhinagar, Bhopal, Raipur, and Mumbai. Assembly election dates for Gujarat and Himachal Pradesh are likely to be announced in few weeks. The 21st tranche of bond sales took place from July 1-10, 2022. Sale of the first batch of electoral bonds happened from March 1-10, 2018. SBI is the only authorised bank
 "Government approves 22nd tranche of electoral bonds; sale from October 1-10")
Samsung forays into finance, launches credit card with Axis Bank and Visa
Samsung Axis Bank Credit Card will allow customers to avail of a 10 per cent cashback across all Samsung products and services throughout the year
 "Samsung forays into finance, launches credit card with Axis Bank and Visa")
UK's financial support for Ukrainian military to run out by end of 2022
UK citizens are starting to realize the scale of sacrifices they have to make for the sake of Kiev and fearing surging gas prices in the country
 "UK's financial support for Ukrainian military to run out by end of 2022")
Inflation to ease to 4% in two years after peaking, says RBI Governor
The RBI has raised policy repurchase rate by a total of 140 basis points since May, including back-to-back half point increases in June and August, to cool down inflation within its mandate
 "Inflation to ease to 4% in two years after peaking, says RBI Governor")
How to plan your finances before you take the leap into entrepreneurship
Creating an adequate reserve, reduce the risk in your investment portfolio, and buy sufficient life and health insurance
 "How to plan your finances before you take the leap into entrepreneurship")
MPC minutes suggest further repo rate hikes to tackle rising inflation
Sequence of policy measures is expected to anchor inflation expectations, said Das
 "MPC minutes suggest further repo rate hikes to tackle rising inflation")
Indian higher education may find capital at home rather than in FDI
The data shows that much capital can be tapped domestically through alumni and corporate endowments
 "Indian higher education may find capital at home rather than in FDI")
Buy a house only if you don't plan to change city and can afford it
Renting provides flexibility vis-a-vis size of the house and geography, frees up finances
 "Buy a house only if you don't plan to change city and can afford it")
Fitch downgrades Jubilant Pharma to "BB-" indicating higher default risk
Rating agency foresees firm's financial leverage worsening as a rise in capex will coincide with lower profitability
 "Fitch downgrades Jubilant Pharma to \"BB-\" indicating higher default risk")
Unacademy 'not efficient' in finances, will shut some businesses: CEO
Unacademy, valued at $3.44 billion, will restrict business class travel end meals and snacks as complimentary perk at the startup
 "Unacademy 'not efficient' in finances, will shut some businesses: CEO")
TCS beats street estimates with 16.2% Q1 revenue growth; margins disappoint
The consolidated revenue of the IT major grew to Rs crore in the quarter under review from Rs 45,411 crore a year ago
 "TCS beats street estimates with 16.2% Q1 revenue growth; margins disappoint")
Rajasthan front-ranker in delivering online services: NeSDA report
Rajasthan ranks first in state/UT service portals in Group B across all sectors (55 services provided online)
 "Rajasthan front-ranker in delivering online services: NeSDA report")
Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO
Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out
 "Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO")
Annapurna Fin eyes Rs 8,500 cr in assets by March 23; mulls SME credit arm
Gets $15 mn in equity from French investors, total fundraise reaches $100 mn
 "Annapurna Fin eyes Rs 8,500 cr in assets by March 23; mulls SME credit arm")
AlphaSense looks to increase India presence, raises $225 mn in funding
The firm said its annual recurring revenue (ARR) now exceeds $100 million
 "AlphaSense looks to increase India presence, raises $225 mn in funding")
STFC not considering increase in lending rates: Company vice-chairman
It will be 'nimble-footed' as a NBFC and not seek a banking license, says Umesh Revankar
 "STFC not considering increase in lending rates: Company vice-chairman")
 "SP Enterprises CMD Sachin Bamgude Felicitated For Highest Disbursement Figure In Country")
 "Sachin Bamgude's SP Enterprises Is Now Named As MYSP Enterprises Private Limited")
What is Fiscal Deficit?
Equity markets will have a reason to cheer if the government reins in its fiscal deficit target at 6.25% of gross domestic product, a recent survey claimed. Find out how the government manages it
 "What is Fiscal Deficit?")
 "How Ricky Campbell Saw Recent Struggles in the Hospitality Industry as an Opportunity to Explore Tech Ventures")