Rajesh Ravi

Articles By Rajesh Ravi

293 Articles

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

The second phase of the project would see the state leveraging the KFON infrastructure to provide free Internet connectivity to economically backward families and subsidised connectivity to others.

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

(L-R) Gegadyne Energy co-founders Jubin Varghese and Ameya Gadiwan

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.

JK Shivan

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

"Setting up of a new regulated gold exchange and the announcement that Securities and Exchange Board of India (Sebi), will be notified as the regulator for gold exchanges will surely help marketability and sale of gold,” Colin said.

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.

Muthoot said its gold loan business is likely to grow by more than 15% in the next three years.

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.

domestic flights in India, domestic flights news, domestic flights booking, domestic flights guidelines, domestic flights india news,

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

Fofandi said that demand from major markets of US and EU is improving slowly, but exporters are concerned because of the delay in announcing the new export incentive scheme.

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

The rubber futures are of compulsory delivery logic contracts. They would finally be settled at expiry on the last business day of the contract month.

‘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.

The current LTV is 63% because the price of gold has come down. When gold prices were high, the LTV had gone below 60%. The long-term average LTV for the company would be 66-67%.

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.

The lender has more than 96% of its exposure to the micro segment, with the average ticket size of the loan being Rs 33,000.

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.

Bank registered a net profit of Rs 14 crore in Q2 compared to Rs 6 crore in Q1.

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

The focus on MSMEs is expected to push self-reliance in defence manufacturing which the Union government has been promoting.

Zappyhire: Talent hiring goes high-tech

This Kochi-based startup enables digital hiring for enterprises using AI, NLP, gamification and Machine Learning

Zappyhire founders Deepu Xavier (L) and Jyothis KS

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.

State excise duty on alcohol accounts for around 10-15% of its own tax revenue for majority of states, according to RBI report on ‘State Finances: A Study of Budgets of 2019-20’.

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.

CVR Rajendran, managing director & chief executive, CSB Bank,

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.

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

Muthoot Finance managing director George Alexander Muthoot told FE that business had achieved the pre-Covid level.

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.

Also it is seen that more than 65% customers take gold loans for their micro and small businesses.

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.

US, the largest market, is followed by China with 1, 45,710 tonne.

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

Vietnam W320 which had gone down to $2.50-2.70 by June-July has recovered to $2.85-3.05 with reasonable demand at current levels.

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.

The interim arrangement will not continue beyond four months within which the bank will complete the process of identification and appointment of a new MD & CEO.
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