Weakness in the broader markets, along with expensive valuations that these companies had commanded during their IPOs, has led to this fall
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India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
India's biggest life insurer and financial institution has turned to its 'turnaround man' to restore credibility to prime subsidiary LIC Housing Finance (LICHF). Vijay Kumar Sharma, 52, formally took over as its CEO on Wednesday. Sharma comes from Chennai, where over the past one year he turned LIC's south zone into the best performer after a 20-month slowdown.
Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three years.
There is no escaping the paperwork while investing in financial products. Be it, opening a new bank account, demat account or buying insurance, filling the Know Your Client (KYC) documents is a mandatory procedure today.
While no exact dates have been announced yet, the flights could take off from San Francisco, New York, Chicago and Washington DC, the officials said.
A day after global brokerage firm Macquarie painted a rosy picture of the Indian economy and raised its target level for the stock indices for the next 12 months, Goldman Sachs said India is set to overtake China and become the fastest-growing emerging market during 2016-18.
If India has more billionaires than before, it is because the Indian economy began to look more attractive to FIIs, notes T N Ninan.
The one thing holding back the plucky youngster who has never hesitated to plunge into unknown territory, is funds
The government has been taking steps to promote cashless or digital transactions to take India towards a less-cash economy
In the changed scenario of Indian private equity, where institutions and individuals are busy with fund raising, the fund houses are exploring untapped markets.
The State Bank of India, ICICI Bank, HDFC Bank, IndusInd Bank, ABN Amro and others are all set to hardsell themselves to pravasis in the Gulf at the two-day 'NRI Money Show 2003' beginning June 27 in Dubai.
It took a lockdown for us in India to even recognise that the plight of migrants needs to be addressed. They were faceless and unrecognised. They were unappreciated and even hounded. They were poorly paid and exploited, notes Ramesh Menon.
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
India and the US inked a tax information sharing agreement under FATCA which will enable automatic exchange of financial information.
Government planning to slash the number of days required to start a business in Mumbai, Delhi from the current 26.
'I'll give it to the vaccine manufacturers without guarantees, take the payment in advance and give me the supplies.' 'The moment you give me one lot of supply, I'll give you more.'
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
An alternative approach has been demonstrated by IIT Bombay, which has been transmitting live, through Edusat and webcast, about 1,000 hours of its own classroom teaching free of cost every semester.
Cairn, which is sitting on a cash pile of about $3 billion, in a statement said its board has approved buying 17.09 crore shares or 8.9 per cent of the total shareholding, from open market at no more than Rs 335 apiece.
On the capital raising, where there are reports of the bank needing at least Rs 20,000 crore to spring back to normalcy, Yes Bank administrator Prashant Kumar declined to give an estimate of the requirement but said it would like for most of the fund raising to happen in the first round itself.
The budgetary allocation for the sector is Rs 60,908.22 crore, with Rs 6,400 crore earmarked for the centre's flagship health insurance scheme Ayushman Bharat- Pradhan Mantri Jan Arogya Yojna (AB-PMJAY).
In a time of tight credit, the facility will support grants to bank and non-bank institutions for activities to increase access to financial services, such as savings, credit, payments and insurance, in rural areas in developing countries as profitable business lines, the World Bank said.
Seven public sector entities including the Life Insurance Corporation and State Bank of India on Friday submitted expressions of interest to the Pension Fund Regulatory and Development Authority
Be well prepared. Support your argument clearly, precisely.
Praising them for "being forthright and transparent with shareholders", a magazine has named three India-origin chief executives-- Indra Nooyi, Francisco D'Souza and Ramani Ayer among the best CEOs in the US.
In the aftermath of the PMC Bank mess which was in the RBI's highest rating of 'A' category, trustworthiness of these ratings may be up for a review.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
Sebi to fix promoters' side deals with PE investors
Because of the slowdown, GIC's housing loan disbursement had been 'static', but it would pick up by the second half of this fiscal. Till september this year, the disbursal was Rs 290 crore (Rs 2.9 billion), M Sivaraman, managing director, told reporters in Kochi on Monday night.
SBI, LIC and HDFC, have showed double digit growth.
'Mr Modi has inherited a system that taxes businessmen and fritters the money away over ministries.'
To begin with, there would be the immediate integration of various technology stacks. This would create more business for global consulting and IT services entities such as KPMG, PwC, EY, Accenture and IBM, among others. Indian service providers - Infosys, Tata Consultancy Services (TCS), and Wipro, for instance - would also cash in.
'We have great demographics, and are the fastest growing large economy. And we save.' 'All of which is great for financial services,' Aditya Birla Capital CEO Ajay Srinivasan tells Niraj Bhatt.
The government must expand the farm insurance cover and advice banks and financial institutions to settle crop insurance claims in the drought-hit areas without delay.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
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