Little Joe’s Coffee & Books, Katonah NY MARY ANN DAVIS Growing up, most of us (adults) weren’t taught about finance. Money was considered taboo, and it simply wasn’t spoken of. Today we are paying for it. It’s obvious now the problems that come along with not having a financial education. Adults are swimming in debt through credit cards and student …
The Appointments Committee of Cabinet (ACC) headed by Prime Minister Narendra Modi on Tuesday approved the appointment of Rajiv Kumar as the administrative head of one of the key economic policy making divisions of the government – the ministry of finance. The finance secretary is the senior-most bureaucrat among the finance ministry’s five departments—economic affairs, revenue, expenditure, financial services and department of …
S C Garg (right) takes charge as Power Secretary from A K Bhalla on Friday. (PIB/PTI Photo) Taking charge as Power Secretary, former Finance Secretary Subhash Chandra Garg Friday said “no one in the government” had opposed the idea of sovereign bond issuance during his tenure in the Finance Ministry. On Thursday, the day after he was moved out of the …
Bajaj Finance stock fell 4% today post the announcement of its first quarter results, for the period ended June 2019. In all, the stock has lost 12% in the last two months as the slowdown in consumption has begun to show in the company’s performance. Bajaj Finance, the country’s most valuable lender, said in its investor presentation that credit disbursals …
Aye Finance, CapitalG backed fintech lender, has announced plans for aggressive Pan-India expansion in the current fiscal. After a successful year which saw Aye reaching a milestone AUM figure of INR 1000 crores, the fintech lender will be opening 67 new branches to service the credit needs of a larger number of Indian micro enterprises. Aye has been rapidly expanding …
New Delhi: Ajay Piramal-controlled Piramal Enterprises Ltd on Monday sold its entire stake of about 10% stake in commercial vehicle financier Shriram Transport Finance Co Ltd., citing a “broader strategy” to leverage opportunities for growth in its financial services business. As of 31 March, Piramal held 22.6 million shares in Shriram Transport, which specialises in financing second-hand trucks, representing a 9.96% …
NEW DELHI: Hitting their fresh 52-week lows, shares of Reliance CapitalNSE -10.36 % fell over 13 per cent to Rs 73.30 while those of RelianceNSE -0.73 % Home FinanceNSE -0.49 % declined over 7 per cent to Rs 13.85 in Friday’s session. Both stocks extended their losing streak to third consecutive session amid reports that Sebi and the Ministry of Corporate Affairs are looking into the …
Edelweiss Securities has initiated coverage on AU Small Finance Bank with a buy rating and target price of Rs 880 apiece, implying 24 percent potential upside from current levels. At 0916 hours IST, it was quoting at Rs 712, up Rs 3.85, or 0.54 percent on the BSE. The non-banking finance company continues to deliver high loan growth without any asset quality …
NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal …
NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal …