The IL&FS management is also talking to its second-largest shareholder, Orix Corporation of Japan, to infuse more funds into the company - in case any shareholder backs out during the rights issue.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In IT, the two-way flow of investments and intellect has been central to the growing linkage, which provides a great opportunity for both nations to improve the quality of life of their citizens, says Raman Roy.
The government, he said, has implemented 'bold reforms'.
Recently, the government announced yet another ambitious scheme aimed at providing health insurance to 50 crore individuals.
'The IPO window has been more or less open since the new government in 2014.'
Experts say one in every four mental health problems is due to depression and anxiety at the workplace.
MF investors may not be able to support markets fall if selling intensifies
UP is an important state to roll out the government's agrarian reforms and job growth policies.
In a nation divided by many things, the 12-digit unique identity number is holding lives to ransom.
UTI's legacy and brand recognition, together with a robust distribution network and access to public sector money, could work in its favour, and help it command a premium
The Monsoon Session of the Lok Sabha was adjourned sine die on Friday after 19 sittings that saw the passage of 14 legislation while Rajya Sabha came to an end after passing nine bills.
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks, Jefferies says, are most prune to "high risk" emanating from ADAG, Cox & Kings, CG Power, DHFL and Essar Shipping.
RBI Governor cautioned against more volatility.
In spite of Budget's rural focus, the government has consistently stumbled in agriculture, says Shreekant Sambrani.
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
Expenditure on health in India is at a global low of 1.2% of GDP.
An Aadhaar card can fast-track the KYC procedure for some instruments.
'Don't panic. Believe in yourself.' 'This is a preventable illness. Only you can prevent it.'
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
One can expect significant changes at India's banks in ensuing months.
Officials said Sebi first proposed to the FinMin to amend the relevant provisions in the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world".
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.
Here are the key highlights of the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha on Friday.
Prime Minister Narendra Modi has created a flutter with his first Independence Day speech. While diverted the national attention to social issues, Modi smartly avoided political traps.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
Hena Mehta will answer Your Questions on personal finance on a weekly basis. Please mail your questions to getahead@rediff.co.in with the subject line 'Personal Finance Query' along with your name and Hena will offer his helpful advice.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The amount would depend on the time period that would elapse from the start to when capacity reaches 1.5 million cars
In his press conference on Wednesday, Trump targeted drug-makers and vowed to bring back production in the US.
'We are rolling out a vaccine when we don't even have the phase 2 trial results; forget about phase 3 trial results.' 'Why are we playing with people's lives?'
Harassment, corruption and the burden of compound interest for years are also the reasons.
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
Banks are clear that lending rates are not going to fall further, say Hamsini Karthik and Anup Roy.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
NDA government has shunned populism.
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