Sensex rallies 250 points, Nifty near 10,700 at close, Axis Bank rises 9%

Equity benchmark BSE Sensex rallied over 250 points to close only 30 points short of the 35,000 mark on Friday, amid positive global cues and strong corporate earnings announced this week. At close, the 30-share strong gauge was256.10 points or 0.74% higher at 34,969.70. The broader NSE Nifty 50 too rose 74.50 points or 0.70% to end at 10,692.30. Gains in the Sensex pack were led by Axis Bank, SBI, ICICI Bank, Reliance Industries, Maruti Suzuki and Yes Bank, rising as much as 8.97%. Axis Bank shares had fallen 3%…

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3 Tips for Better Business Organization

No one likes to waste time, especially when it results in things like late meetings and badly-filed documents. If your office has an organization problem, however, these kinds of delays are probably a common occurrence. How can you stop suffering because of your own messiness? Here are just a few ideas for tidying things up and getting your business on the right track. 1. Use Dividers Dividers can be quickly and easily installed in your desk drawers to help you keep things organized. For example, if you have a two-way…

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You have at least 2 years to revive a lapsed policy

Let us say you miss paying the premium on your life insurance policy, and as a result, your policy has lapsed. For people who may find themselves in situations like this, life insurance companies offer a small window of opportunity to revive the policy during the revival period. The rules state that insurers need to offer a revival period of at least 2 years within which you can reinstate your policy. Here is how you can revive a lapsed life insurance policy. When do insurance policies lapse? A policy lapses…

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See N Chandrasekaran as a software man with niche in finance: Vallabh Bhanshali

N Chandrasekaran completes a year as Tata Sons’ Chairman and keeps to his promise of stabilising the conglomerate by simplifying the structure. In an interview to CNBC-TV18, Vallabh Bhanshali, Chairman of Enam Securities shared his views on the same. Bhanshali said that would rate Chandra’s performance as 9 on 10 this year, as Tata Group Chairman. He further said that Chandra provides an exemplary depiction of an uncluttered mind. I see Chandra as a software man with niche in finance, he added. He also mentioned that subject to external limitations,…

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Will see if more devolution to states served its purpose: Finance Commission

Headed by former RBI Governor Y V Reddy, the 14th Finance Commission had recommended a record increase in the states’ share in the Union taxes. NEW DELHI: Finance Commission chairman N K Singh today said the panel will ascertain whether increasing the share of Union taxes to states to 42 per cent, along with rationalisation with Centrally Sponsored Schemes, has served its purpose. The 15th Finance Commission has been asked to recommend, among other things, a road map for sound management of government finances. “We will also look at whether the much higher devolution…

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How Indian Government Is Bridging Finance And Transaction Gaps In MSME Industry

Anita Roddick, a British businesswoman and founder of The Body Shop, once quoted, “If I had learned more about business ahead of time, I would have been shaped into believing that it was only about finances and quality management.” She pins down two key factors that drive business growth for entrepreneurs and understanding of ‘finance’ being the first one. Other growth factors like quality management, strategy, people, operations, risk management, customer centricity etc., may also be relevant. However, in this article, we will focus on the significance of finance and transactions as a…

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South Korea to Support ‘Normal’ Crypto Trading, Says Finance Watchdog

South Korea appears to be softening its stance on cryptocurrency trading. According to Yonhap News, Choe Heung-sik, governor of the Financial Supervisory Service, has said the government “will support [cryptocurrency trading] if normal transactions are made.” At a meeting with representatives from cryptocurrency exchanges, Choe also said the government will “encourage” banks to work with cryptocurrency exchanges, the report states. While brief, the statements will likely be seen positively by South Korea’s crypto community, as well as world markets, since the option to outright ban cryptocurrency exchanges had been mulled by…

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Aye Finance raises Rs 25 cr from Hinduja Finance & Intellegrow

Delhi-based MSME lending platform Aye Finance has raised Rs 25 crore from Hinduja Leyland Finance and Intellegrow. This is the second securitisation deal for the company. Last year it had raised Rs 10 crore by securitising part of its portfolio. Sanjay Sharma, Founder and Managing Director Aye Finance said, “The loan requirements of these businesses ranges between Rs 50,000 and Rs 5 lakh, which makes servicing these small ticket loans an expensive proposition. We at Aye have not only designed our processes and automation at minimum cost but we have also partnered with…

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