Tag Archives: at

Indian startups make a beeline for funding at RISE

Organisers say there is a 40% increase in number of participants this year and more than 500 investors are attending From tattooing to dress rentals to security solutions, there is an astounding variety of Indian startup dreams searching for funding at ‘RISE 2018’, Asia’s largest tech event currently on in this bustling Asian business capital. By a rough count, as ... Read More »

Sensex, Nifty close at over four-month highs; Dr Reddy’s, SBI, IndusInd Bank top gainers

The Sensex and Nifty closed higher on rise in pharma and banking stocks amid higher Asian markets buoyed by the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore. While the Sensex closed 209 points higher at 35,692 level, the Nifty ended at 10,842, a gain of 56 points. Both the indices closed at over ... Read More »

Why creating a ‘bad bank’ is a better idea than simply throwing money at PSBs

The financial year 2017-18 was among the bleakest for public sector banks (PSBs) as they together reported a record loss of Rs 85,370 crore. The banks had to make higher provisions for bad asset recognition as the Reserve Bank of India’s latest guidelines meant they could no longer restructure loans the way they had been doing in the past. Much ... Read More »

Fitch Holds India’s Sovereign Rating At Lowest Investment Grade

New Delhi: Global credit rating agency Fitch on Friday affirmed India’s sovereign rating at ‘BBB-‘ with ‘stable’ outlook, saying that the country’s medium-term growth potential is strong. ‘BBB-‘ rating indicates lowest investment grade. “India’s rating balances a strong medium-term growth outlook and favourable external balances with weak fiscal finances and some lagging structural factors, including governance standards and a still-difficult, but improving, business ... Read More »

Chanda Kochhar, family’s links to Videocon group date back to at least 2001

Chanda Kochhar and six members of the Kochhar family held shares in a little-known firm called Credential Finance Ltd, along with Videocon group, at least as far back as 2001, regulatory filings show. Three of the Kochhars were also directors on the company’s board in 1995, when it was founded, though it’s not clear if Videocon held a stake in ... Read More »

What the Heck is Happening at Your Bank These Days?

If you’re like many Americans, you may be making fewer trips to the bank and instead taking care of check deposits with a mobile app or tracking account balances with a few mouse clicks. Digital banking is undeniably gaining ground over the old brick-and-mortar process. But about 84 percent (PDF) of banking customers still visit branches at least occasionally, according to a March 2016 Federal ... Read More »

Ripple Jumps 41% To Trade At $1.50

Ripple’s market cap rose from $45 billion to $55 billion in just one day. Following the upward trajectory of bitcoins and ethereum, ripple also rose by 41% in one day, following the continuous fall reported in past few days. Ripple rose to $1.50 on Thursday, as per the BitStamp data. All cryptocurrencies were battered in past two days after media ... Read More »

India will need at least $125 billion to fund renewables dream: Govt official

India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead. The nation is one of the world’s most important growth markets for renewable energy. Millions of Indians are not yet linked up ... Read More »

Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

New Delhi: The banking sector fears accretion of more than Rs. 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The Reserve Bank has directed certain reclassifications in the private sector lender’s asset classification and provisioning as on March 2017, subsequent to the annual Risk ... Read More »

Trump Executive Order on Health Insurance Aimed Directly at Small Business

Obamacare still hasn’t been repealed. And the chances it happens before the end of the year seem unlikely. Executive Order on Health Insurance However, last week President Donald Trump performed a bit of an end-around on the stifling healthcare bill by signing an executive order aimed specifically at providing small businesses some relief — and more affordable health insurance options. ... Read More »