The Reserve Bank of India’s announcement of new open market purchases of government bonds is a sign the central bank is using great efforts to increase the economic impact of its policy... Read more »
Maruti Suzuki India, the country’s largest car maker, has reported 2.91 per cent year-on-year decline in its consolidated profit after tax (PAT) at Rs 7,650.60 crore for the full year ended March... Read more »
Three NBFCs, Indiabulls Housing Finance Limited, Industrial Finance Corporation of India Limited and PNB Housing Finance Limited, have come under the scanner for allowing an important provision in the Real Estate (Regulation... Read more »
Even as its petition is pending at the National Company Law Tribunal (NCLAT) have asked for review of the ban on banks classifying the IL&FS accounts as non-performing assets (NPAs), the Reserve... Read more »
The Reserve Bank of India has recently exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), divesting its entire stakes to government for Rs 1,450... Read more »
Mahindra Finance announced its audited financial results for the quarter ended March 2019. Mahindra Finance has seen a stellar growth of 87% in net profit to Rs 588 crores for the fourth... Read more »
Tata Global Beverages, a subsidiary of Tata Group, has announced a 16.4 per cent year-on-year decline in consolidated profit after tax (PAT) at Rs 474 crore for the year ended March 31,... Read more »
Indiabulls Group chairman has said that the company is looking to divest the real estate business, its proposed merger of Indiabulls Housing Finance Ltd with Lakhsmi Vilas Bank. The promoters are in talks with... Read more »
The S&P 500 index and the Nasdaq achieved record closing highs after a broadbased rally on Tuesday, as a clutch of better-than-expected earnings reports eased concerns about a slowdown. In Tuesday’s trading... Read more »
The risk of over-leveraging in the microfinance sector has risen owing to the changing landscape of the sector, varying interpretation of the RBI guidelines as well as some gaps in the credit bureau data,... Read more »