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Lend Money, Earn Interest? Not Easy in Europe’s Loan Market

(Bloomberg) — For investors still waiting for the first interest payment on the leveraged loan they joined, there may be a glimmer of hope. The Loan Market Association, an industry body, is preparing to publish guidelines aimed at speeding up the settlement process and making the European leveraged loan market more efficient. “We are in the final stages of drawing ... Read More »

Prasan Firodia: ‘Our conservatism reflects in our business’

Prasan Firodia. The only indulgence that Prasan Firodia likes to talk about is getting behind the wheel and heading out of the city with his family—wife Sejal and twin 10-year-old sons, Ameya and Anant. The managing director of Pune-based Force Motors Ltd, which powers one in every two Mercedes and BMW cars and sports utility vehicles (SUVs) seen on Indian ... Read More »

Top 9 hot stocks which fund managers bought for the first time in August

Retail investors are not leaving any opportunity to miss out on the big bull market which India is witnessing and this is now started reflecting in the massive flows which pushed asset under management (AUM) to a record high of Rs 20 lakh crore last month. The total category wise AUM of the mutual fund industry increased by 3.1 percent ... Read More »

Market Live: Sensex gains, Nifty above 10100; Reliance up 3%, pharma in focus

The benchmark indices are trading firm with Nifty trading above 10100 level. The Sensex was up 78.63 points at 32237.29, and the Nifty was up 15.50 points at 10108.55. About 1234 shares have advanced, 950 shares declined, and 115 shares are unchanged. Reliance Indistries, Sun Pharma, Dr Reddys Labs, M&M, BHEL, Tata Power and Bank of Baroda are top gainers ... Read More »

SICCI holds session on business opportunities in South Africa

(from left) R Ganapathi, Senior Vice President, SICCI; Ben Joubert, Deputy High Commissioner of South Africa to India and MM Murugappan, Vice Chairman, Murugappa Group and Honorary Consul of South Africa in Chennai at an interactive session on ‘Doing Business with South Africa’, in Chennai on Monday. – Bijoy Ghosh CHENNAI, SEPTEMBER 11:   To enhance business cooperation between India and ... Read More »

Unions threaten strike over pending wage revision in IDBI Bank

AIBEA and AIBOA have jointly written a letter to the MD and CEO of the bank THIRUVANANTHAPURAM, SEPT 5:   Bank employees and officers’ unions have expressed deep concern over the long-pending wage revision in IDBI Bank. The All India Bank Employees’ Association (AIBEA) and All India Bank Officers’ Association (AIBOA) have jointly written a letter to the MD & CEO ... Read More »

5.7% GDP growth in Q1 matter of concern, says Arun Jaitley

Finance minster Arun Jaitley on Thursday attributed the lower GDP numbers to pre-GST destocking of goods and expressed hope that the economy will grow at 7 per cent, saying manufacturing has bottomed out. He further said that improvement in the global economy and good monsoon will aid GDP growth in the coming quarters which ought to be better if the country is ... Read More »

Demonetisation benefits visible in IT enforcements, tax filings: Finance ministry

A day after the RBI’s report revealed that 99% of demonetised currency had come back into the banking system, the finance ministry on Thursday claimed that the note ban’s benefits were clearly visible in terms of a quantum jump in enforcement actions and growth in direct tax collections. “The government launched a concerted drive against black money with demonetisation being ... Read More »

Indian mindset for ownership of Air India, in theory all open, says aviation minister

Civil aviation minister Ashok Gajapathi Raju on Thursday said the “Indian mindset” is to keep the ownership of Air India within the country but “theoretically everything is open”, including allowing foreign bidders. His comments assume significance as it indicates that the government might tweak the Foreign Direct Investment (FDI) norms with respect to Air India — the loss- making national ... Read More »

Zoho One Launched: New All in One Pricing for Zoho Apps

Zoho just announced Zoho One, a new all-in-one suite of applications to help small businesses run essentially all aspects of their operations. Think of Zoho One as a bundle of existing Zoho applications delivered in one central place, with an exciting new pricing model that small businesses will love. It includes more than 35 integrated software applications and an equal number ... Read More »