MUMBAI: India’s retail credit market is showing a widening gap between the number of borrowers being added and the value of loans being accumulated, with consumer durable loans driving new borrower acquisition, while home and gold loans account for much of the portfolio growth.According to credit bureau CRIF’s ‘How India Lends’ report, gold loan outstandings…
MUMBAI: In one of the busiest weeks for the primary market in recent times, six mainboard IPOs closed on Friday, along with three on SME platforms of the two bourses. The nine primary offers together saw total demand worth about Rs 1.4 lakh crore against a mobilisation target of about Rs 3,100 crore, bidding data…
BENGALURU: Boardroom turmoil at Coforge has deepened with independent director and Nomination and Remuneration Committee (NRC) chair DK Singh resigning days after chairman OP Bhatt stepped down amid an internal audit that flagged concerns over how board-evaluation findings were presented to directors.Singh resigned with immediate effect, citing “differences and tension” between independent and executive directors…
MUMBAI: The much-awaited NSE IPO will open on Sept 17 and close on Sept 21 with the listing slotted for Sept 24, the bourse said on Friday. With some of the existing shareholders together selling a 5.1% stake in the country’s largest stock exchange, at the upper end of the Rs 1,700-1,785/share price band, the…
MUMBAI: The $136.4 billion raised by banks from non-residents and foreign lenders, then swapped with RBI, has swelled India’s foreign-exchange reserves by a record $44.9 billion to $785.7 billion in the week ended Sept 4. The windfall gives RBI a larger war chest to defend the rupee, but creates a problem at home with too…
India’s FTA with the EU will offer European automakers concessional tariffs on passenger vehicles, with annual quotas rising to 1.6 lakh, alongside tariff concessions on wines and select agricultural products. European carmakers will get a significantly wider opening to India’s passenger vehicle market under the proposed India-EU free trade agreement, with the draft pact released…
The two homebuyers received an allotment letter dated February 18, 2013. (Image for representative purpose only) Two homebuyers booked flats on the sixth and seventh floors of a Mumbai housing project in 2013. They were assured that they would get possession for the flats by December 2014. But their dream of getting the flats remains…
Wall Street inches higher as oil prices ease, inflation data calms markets US stocks moved higher on Friday as a retreat in oil prices helped ease some of the pressure on markets, and fresh inflation data came broadly in line with expectations.The S&P 500 gained 1%, putting the index on course to end a four-day…
The latest reserve build-up comes after a sharp turnaround in foreign-currency inflows following the RBI’s measures announced in June. India’s foreign exchange reserves surged by a record $44.903 billion in the week ended September 4, taking the country’s forex kitty to a fresh lifetime high of $785.706 billion, according to data released by the Reserve…
UIDAI is working towards expanding Aadhaar beyond India. (Image for representative purpose only) India launched its first Aadhaar card in 2010. And sixteen years later, the Aadhaar card which has now become an integral part of important documentation work in the country is now set to go global.The Unique Identification Authority of India (UIDAI) is…
