Rajesh Ravi
Kerala fibre optic network: Phase 1 of project comes on stream
The inauguration of KFON has linked over 8,000 govt offices and educational institutions to the network, providing them high-speed connectivity
Gegadyne Energy: Fast-charging battery tech for the future
This Mumbai-based startup has developed a technology which allows a non-lithium based battery to charge from 0 to 100% in just 15 minutes
I want to run the bank professionally, create value for shareholders: JK Shivan, MD & CEO, Dhanlaxmi Bank
Corporate advances are marginally lower while gold loans have increased by 48.64% year-on-year and now stand at 26.06% of the total loan book.
Union Budget 2021: Gold, silver demand likely to see boost on lowered import duties
Union Budget 2021 India: “The rationalisation of import duty on gold to around 10.75% from 12.5% is a welcome move and timely. Hopefully, this is the first of a series of such cuts to make bullion an asset class that operat
Demand for gold loan surging: Muthoot Finance
Muthoot exited its white label ATM business in December 2020 as the venture was not making money. He said digital transactions are increasing and more than 60% of customers do some digital transactions.
COVID-19 pandemic fallout: A third of Kerala expats who returned may not go back
Of over seven lakh emigrants who returned to Kerala from abroad due to the pandemic, about a third are unlikely to get a job in the state or go back soon.
Dip in demand from China, fewer containers hit seafood exports
India exported 1,289,651 tonne of seafood in 2019-20, valued at $6.68 billion. China was the largest seafood export destination for India in terms of quantity, with imports of 3,29,479 tonne worth $1,374.63 million accounting
India’s natural rubber (NR) production expected to be lower by 5.7% in 2020
ANRPC pegs the world production of natural rubber during 2020 at 12.597 million tonne, down 9 % from the previous year, as climatic change, extreme weather, and leaf diseases disrupted the production in major rubber-growing c
‘Any mid-way change in an ongoing scheme will put exporters into tremendous hassle’
In an interview, Prashant Bhansali, president, Upasi, tells Rajesh Ravi about the concerns and outlook of the plantation sector. Excerpts:
Demand for gold loans slows down after recording a good growth in the second quarter: CSB Bank chief
The Thrissur based lender said its gold loan portfolio grew by Rs 1,100 crore in the second quarter, an increase of 30% quarter-on-quarter and 47% year-on-year.
‘Plan to raise Rs 5,000 cr from markets this month’
Regarding gold under custody, when gold prices go up, the gold kept as collateral comes down. The average ticket size of our loans is Rs 45,000. Almost 4,500 new customers come to us daily on an average.
Indian whiskys make a mark on the global map
Amrut Fusion Single Malt and Paul John’s Mithuna have won top awards from Jim Murray and his ‘Whisky Bible’, in addition to awards from the San Francisco World Spirits Competition and the World Whiskies Award.
Muthoot Finance loan-to-value currently at 61%
Total weight of gold pledged with the company stood at 163 tonne at the end of the second quarter, against 171 tonne in the corresponding period of last fiscal.
ESAF Small Finance Bank plans to float IPO in Q4
K Paul Thomas, managing director and CEO, said the business is back to normal and the bank will go ahead with the IPO by March.
Retail lending activities offer tremendous potential: PK Vijayakumar, member of COD, Dhanlaxmi Bank
Indian economic activity gradually moved past the worst and is showing signs of resumption in activities. The bright spot in this otherwise bleak scenario is an upbeat rural India.
India’s first defence park ready for launch
In a boost for Make-in-India initiative, the project aimed at MSMEs is being promoted by the Kerala govt as a centre for world-class defence manufacturing
Zappyhire: Talent hiring goes high-tech
This Kochi-based startup enables digital hiring for enterprises using AI, NLP, gamification and Machine Learning
No more happy hours! High Corona tax backfires, liquor sales halved in last 5 months
Currently, Pudduchery, West Bengal , Andhra Pradesh, Jammu & Kashmir and Rajasthan have a tax of 25% more than what it was in March 2020.
Tight control on cost has helped report our strongest operating profit: Shyam Srinivasan, MD & CEO of Federal Bank
Federal Bank's net profit for the September quarter declined 26 % year on year (YoY) to `307.6 crore, impacted by a significant step up in provisions. Shyam Srinivasan, MD & CEO of Federal Bank, talks to Rajesh Ravi about the
Gold loans account for 35% of our loan book and can go up to 45%: CVR Rajendran, Managing Director & Chief Executive, CSB Bank
Our yield on advances has gone up substantially and yield on the treasury has also gone up by 40 bps, whereas the cost of the deposit has come down by 30 bps and the Net Interest Margin (NIM) has increased for the quarter.
India’s natural rubber production in 2020 scaled down by 42,000 tonne: ANRPC
RB Premadasa, secretary-general of ANRPC, said in the report that NR prices further improved in September at varying degrees across different grades and different physical markets.
Will exceed guidance of 15% growth in FY21: Muthoot Finance
Regarding the new policy on on-tap targeted long-term repo operations (TLTRO), Muthoot said the cost of borrowing could come down for the NBFCs and benefits could be passed down to customers in the form of lower interest rate
Expecting 23% growth in gold loan business: Thomas John Muthoot, managing director, Muthoot Fincorp
The gold loan business witnessed a demand after Covid in comparison to the pre-Covid period. Non-availability of unsecured loans during the moratorium led more customers to shift to gold loans.
Indian shrimp exports to US increase 6.6 % to 31,676 tonne in August
During the initial days of the lockdown, the seafood sector was working at about 20-25% capacity with most of the laboratories closed.
Cochin Shipyard Ltd increases workforce to ramp up operations
The shipbuilder had reported a net profit of Rs 632.01 crore in the year ended March from a revenue of Rs 3,422.49 crore.
Cashew nut prices on revival path
“Cashew industry went through an upheaval not seen in a long time. In less than a month, raw cashew prices came down about 30% and kernel prices came down about 20%.The third quarter has seen things becoming stable but no
Dhanlaxmi Bank CEO Sunil Gurbaxani resigns
Gopinathan, who is a shareholder of the bank along with NRIs B Ravindran Pillai and MA Yusuf Ali, told FE that Gurbaxani was trying to change the nature of the bank and harm the interests of the shareholders.
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