financial news of India

Week: 13th Dec 2020 to 20 dec 2020

Only two of six bids for Reliance Home Finance are compliant and binding
Six bidders have submitted bids for Reliance Home Finance Limited (RHFL). Of these, only two bidders submitted compliant and binding bids and other four bids

Redwood Investments sells AU Small Finance Bank shares worth over Rs 1,247 crore
NEW DELHI: Redwood Investments Ltd on Friday sold more than 1 crore shares of AU Small Finance Bank worth over Rs 1,247 crore through an open market

Agreements of finance for Jewar Airport to be closed by April next year
The concessionaire of the upcoming airport at Jewar, Yamuna International Airport Pvt. Ltd (YIAPL), plans to complete all the financing agreements for the

Time ripe for M&A in financial services
Read more about Time ripe for M&A in financial services on Business-standard. Financial services have been a mainstay for the broader M&A markets across

Volumes spurt at AU Small Finance Bank Ltd counter
AU Small Finance Bank Ltd registered volume of 161.51 lakh shares by 10:48 IST on BSE, a 629.49 fold spurt over two-week average daily volume of 25657

All three bidders for Dewan Housing Finance are likely to junk some conditions
Lenders held a marathon meeting over the weekend and negotiated hard with bidders, who have promised to come back with new adjustments without tweaking

After 2 suicides, another case of harassment by app-based finance company in Telangana surfaces
Hyderabad: Another incident of harassment by mobile-based companies came to light in Telangana after he approached the cops. The 22-year-old man lodged

Buy Equitas Small Finance Bank, target price Rs 51: JM Financial
Equitas Small Finance Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 4450.56 Crore).

ARCIL, Authum and 3 others bid for Reliance Home Finance
Lenders to Reliance Home Finance Ltd, part of the debt-ridden Anil Dhirubhai Ambani Group (ADAG), have received bids from five entities, two bankers aware

Integrating ESG into financial sector to benefit all stakeholders: Report
Integrating environmental, social and governance aspects in the financial sector will benefit all stakeholders, and such factors are expected to remain

Bajaj Finance m-cap crosses Rs 3 trillion as stock hits new high
Bajaj Finance entered the elite club of companies with a market capitalisation (market-cap) of Rs 3 trillion after the company’s stock price hit a new high of Rs

s over 4% stake in AU Small Finance Bank
Westbridge AIF I bought 5.95 million shares of the bank for ₹542 crore.In July, Warburg Pincus sold 6.92 million shares, or a 2.26% stake, in the bank at an

10 money insights from 25 years of financial writing
The importance of money has less to do with affording the newest iPhone or measuring career success, and far more to do with the core of being human.

Andhra Pradesh, Karnataka and Madhya Pradesh are the other states which have been permitted to borrow the extra amount.
Finance Ministry permits 5 states to borrow extra Rs 16,728 cr
The Finance Ministry on Sunday said five states, including Tamil Nadu and Telangana, have been permitted to borrow an additional Rs 16,728 crore following

It is important to understand how personal finance services work to make better, informed decisions
Personal finance services are a hard thing to form a mental model of. If we understand exactly how a *service* works, who is the provider, who is the seller,

4 key personal finance takeaways from today’s RBI announcements
The RBI decision to maintain status quo and keep the repo rate and reverse repo rate unchanged could have some significant personal finance implications.

Compliance with new rules for audit reports deferred to next financial year
The Ministry of Corporate Affairs has deferred the implementation of Company Auditor’s Report Order (CARO) 2020, which brought about important disclosure