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Icra downgrades Rs12k cr of IL&FS debt
Ratings firm Icra, on Monday, downgraded about Rs 12,000 crore of debt by IL&FS Financial Services by several notches.
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‘Fin Services sector gets highest ever half-yearly PE/VC funding at $4.2 bn’
The first half of calendar year 2018 has seen financial services emerge as a key sector attracting investments by private equity (PE)/Venture Capital (VC) players at $4.2 billion across 74 deals, a report by EY-IVCA has said.
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Infosys makes additional funding of $1.5 million in TidalScale
Infosys has made an additional investment of $1.5 million in TidalScale, a provider of software-defined servers that simplify the way companies can apply computing resources to tackle big problems.
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Increasing credit reach: Data powering lending to MSMEs
Even as the digital architecture featuring AAdhaar, Pan, Tin & GSTN makes it easier for MSMEs to access credit, the next frontier is pre-qualified and pre-approved loans.
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Section 377: Walking into a new dawn
The first step towards a just and free society
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Yield down 3 bps after RBI, govt bring measures to stem rupee fall
The benchmark yield has seen an increase of more than 30 basis points from the level of 7.77% in the middle of June.
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Analyst corner: Welspun’s Rs 7-bn cash pile shows firm’s potential
A strong balance sheet and an asset-light business model are just some of the findings in the whole wonder that is Welspun Enterprises.
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Icra downgrades long-term rating of OBC with negative outlook
Rating agency Icra on Monday downgraded the long-term ratings of state-run Oriental Bank of Commerce (OBC) to A+ from AA- on weak financial performances and high non-performing assets (NPAs).
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Chola gets $150-million funding from ADB through NCDs
ADB provides medium- and long-term financing to banks, NBFCs, FIs with focus on promoting financial inclusion in lesser developed regions, especially for underserved and lower income customer segments.
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Non-food credit growth hits 4-year high of 13.6%
Growth in non-food credit hit a four-year high of 13.6% year-on-year (y-o-y) for the fortnight ended August 31, showed data released by the Reserve Bank of India (RBI).
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Aavas Financiers aims Rs 1,734 cr via IPO
Jaipur-based Aavas Financiers is planning to raise around Rs 1,734 crore through an initial public offering (IPO).
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Income Tax: Rental income taxed in hands of that co-owner who paid for property
Exemption from LTCG tax is provided to the taxpayer if he uses the LTCG to buy a property within two years from the date of transfer or construct a property within three years from the date of transfer.
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PM Narendra Modi’s ethanol solution won’t lower cane arrears; here’s why
If ethanol substitutes for petrol, it must be priced at Rs 47 per litre but since the govt has massively over-priced cane, sugar mills need at least Rs 52 to be viable.
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Michael Porter has given three generic strategies for all businesses; follow them or get stuck in the middle
Strategies look good in PPT; they never fail in the boardroom, but in the execution
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Six tips to reduce your two-wheeler insurance premium
You can go for a three-year policy and save on the insurance premium.
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Wharton courses to be soon available in India
NSE and Wharton are designing customised content for the course; it will be delivered through a digital platform.
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FICCI Global Skill Summit: ‘We need more rojgar melas, robust monitoring’
The future job market will be shaped by India’s response to the inevitable impact created by the interplay of three primary forces—Digital Economy, Industry 4.0 and Exponential Technologies by industries.
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Modi’s economic review: Disinvestment gets leg-up, no cuts in expenditure
Economists hail fiscal prudence, call for dynamic policy-making to address CAD, rupee worries.
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LIC comes to rescue of ILFS; revival plan approved
IL&FS’s largest shareholder, LIC, which holds 25.34%, is believed to have agreed to subscribe to the forthcoming rights issue and extend some immediate working capital loan.
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Housing, schools, jobs should be on Parliament agenda: Harivansh Narayan Singh
Dy chairman of Rajya Sabha Harivansh Narayan Singh talks about his transition to politics, says journalists must continue to work with passion, underlines the importance of debates on national issues, backs reservation for women in Parliament and says former PM Chandra Shekhar did not get the respect he deserved
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Book Review: Jairam Ramesh’s Interwined Lives: PH Haksar and Indira Gandhi
A fascinating account of PN Haksar’s role in shaping India’s history during Indira Gandhi’s regime.
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Review of economy: Government steps to control CAD
NRI bonds to stem rupee’s fall, curbs on non-essential imports, review of projects on agenda
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Sibling feud: NCLT allows Shivinder to withdraw petition
The National Company Law Tribunal (NCLT) on Friday allowed former Fortis Healthcare promoter Shivinder Singh to withdraw his petition against elder brother Malvinder Singh and ex-Religare chief Sunil Godhwani.
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ISRO spy case: SC awards Rs 50 lakh damages to ex-scientist Narayanan
Says ‘arrested unnecessarily, harassed and subjected to mental cruelty’
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Note ban: CMIE’s Vyas says 3.5 million jobs lost, PMEAC’s Bhalla demurs
Demonetisation may have caused job losses of at least 3.5 million and the damaging impact on labour force was even starker, Centre for Monitoring Indian Economy (CMIE) chief executive Mahesh Vyas said on Friday, citing a CMIE survey that covers around 1.72 lakh households across the country.
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LIC may offer a lifeline if IL&FS has a revival plan
The company’s largest shareholder is understood to be considering a loan to the defaulting Mumbai-based firm
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HCC stock surges 2.6% on rights issue news
Ajit Gulabchand-led Hindustan Construction Company’s (HCC) share price surged 2.6% in intra-day trade on Friday on the Bombay Stock Exchange and closed 1.67% up at Rs 14.57, after the company informed stock exchanges that it has filed a draft letter of offer for its first ever rights issue of up to Rs 500 crore, with the Securities and Exchange Board of India (Sebi).
