Muthoot Finance to buy IDBI Bank’s MF business

Gold loan financier Muthoot Finance Ltd is in advanced stages of acquiring IDBI Asset Management Ltd, the mutual fund unit of Life Insurance Corp. of India (LIC)-owned private sector lender IDBI Bank Ltd, three people aware of the development said. “The deal is expected to close this week. Initially, the binding offers had come in from Muthoot Finance and Vikas […]

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Cholamandalam Investment & Finance Company Q2 Net Profit may dip 0.3% YoY to Rs. 304 cr: KR Choksey

KR Choksey has come out with its second quarter (July-September’ 19) earnings estimates for the NBFC sector. The brokerage house expects Cholamandalam Investment & Finance Company to report net profit at Rs. 304 crore down 0.3% year-on-year (down 3.3% quarter-on-quarter). Net Interest Income (NII) is expected to increase by 11.2 percent Y-o-Y (down 1.5 percent Q-o-Q) to Rs. 812 crore, […]

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India needs a minister of investment, not just finance

India needs a minister for investment. Whoever wins the May 23 election count, the next government must find somebody who will boldly open the doors to American and Japanese capital. Another statist intervention in a country that labors under an excess of bureaucracy might not look like much of a solution to anything. But for […]

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Finance Minister Arun Jaitley Reviews Sovereign Wealth Fund Status

New Delhi: A panel headed by Finance Minister Arun Jaitley on Wednesday took stock of the progress made on operationalizing National Investment and Infrastructure Fund (NIIF), India’s maiden sovereign wealth fund, including selection of its CEO and projects shortlisted for making initial investments. The second Governing Council meeting of the Rs 40,000 crore National Investment […]

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Finance Minister Arun Jaitley Reviews Sovereign Wealth Fund Status

holds forty nine according tocent at the same time as the rest will be held with the aid of private buyers. The Council turned into additionally apprised of the refinement within the structure of NIIF pursuant to discussions with investors. NIIF can have diverse area–specific or investor-unique close ended Finances and they’d issuenumerous instructions of […]

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6 Small enterprise Finance basics You must understand

Bookkeeping is essential to properly coping with your enterprise resources. additionally you’ll needthese information for tax functions. whether you DIY or hire a person to hold music of the entirety youhave to understand the importance and the basics of bookkeeping. maintaining suitable statistics of operations will provide you with a warning to any cash drift […]

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