Finance

New vehicle for long-term infra finance on the anvil

India is proposing to create a new entity for financing infrastructureNSE 2.95 % that will seek to bolster lower-rated bonds issued by companies in the sector. The National Housing Bank (NHB), National Bank for Agriculture and Rural Development (Nabard) and India Infrastructure Finance Company Ltd will be roped in as investors for the proposed entity National Infrastructure Credit Enhancement Ltd or NICE. ” We have had ... Read More »

Bajaj Finance puts up a strong show, but consumption slowdown emerges

Investors have nothing but adulation for Bajaj Finance Ltd, which is visible in the outperformance of the stock compared to the broader market since last December. The fact that the scrip gained more than 4% intraday on Thursday shows investors were happy with its fourth quarter performance. It closed the day with a gain of 3.6%. After all, net profit growth ... Read More »

Behavioural finance: Why you invest the way you do and how to improve it

.Behavioural finance is an interdisciplinary field that studies of how people make financial decisions in the real world. One of the core focuses of behavioural finance is to identify the shortcuts (heuristics) and other mental quirks (biases) that affect people’s financial decisions, and how they can often go astray. Behavioural researchers then look for practical, empirically tested techniques to overcome these obstacles, where possible. The field is simply fascinating ... Read More »

There should be a mechanism by which GST Council and Finance Commission can coordinate: N.K. Singh

N. K. Singh, Chairman 15th Finance commission, at a press conference in Mumbai on September 19, 2018. File photo: Vivek Bendre The Fifteenth Finance Commission is up against unprecedented challenges. First, the Goods and Services Tax has introduced an element of uncertainty in the revenue projections of the Union and State governments. More importantly, the Terms of Reference notified for the ... Read More »

Not enough prop for AU Small Finance Bank’s lofty valuations

Mumbai: The highlights of AU Small Finance Bank Ltd’s fourth quarter (Q4) results would indicate that the lender deserves the lofty valuations it has currently. After all, net profit grew at an impressive 42% in Q4, backed by a healthy 35% growth in net interest income. What’s more, growth in assets under management was 51%, and the fact that deposit growth ... Read More »

Family finance: Biraris need to start planning early, invest surplus income to meet money goals

Kumar, 27, and Veta Birari, 28, are both software developers, who live in their own house, in Pune. They get a combined monthly salary of Rs 1.36 lakh, of which they are left with a surplus of Rs 57,930. In order to achieve their goals, they will need to put this amount to work instead of letting it idle in ... Read More »

Indiabulls Housing Finance shares jump 4% on fundraising plans

Indiabulls Housing Finance share price rose in trade today after the firm said it would deliver 17-19 per cent net profit growth in FY20 & plans to raise Rs 26,000 crore in four quarters of FY20. Reacting to this, shares of the company rose by almost 4 per cent on Thursday. The total resources raised in Q4FY19 were Rs 17,300 ... Read More »

Manappuram Finance withdraws release on securing funding from NABARD

Non-banking finance company Manappuram Finance Thursday withdrew a release it had issued earlier in the day regarding securing debt funding from NABARD. The release titled ‘Manappuram Finance secures Rs 695 crore debt funding from NABARD’ is being “retracted with immediate effect due to factual inaccuracies in statement as well as transaction”, the company said. Manappuram Finance also said it would come out with a revised announcement ... Read More »

Siemens’ finance arm buys 46% stake in Greenko’s wind unit

Mumbai: German engineering conglomerate Siemens’ financing arm has signed a pact with Greenko group to acquire 46% stake in its 200 MW-Poovani wind powerproject, German conglomerate said on Monday. This is SiemensNSE 0.61 % Financial Services’ first investment in a wind farm in Asia. Its group company Siemens Gamesa Renewable Energy is building the project for Greenko. “Completing our first equity investment in ... Read More »

An Indian view from Wall Street on women in finance

My inspiration has come from within my own family. My mother who had a doctorate and was a Professor at a time when women in India barely went to college. She took a leap of faith from Dalal Street to Wall Street to manage some key initiatives at S&P DJI. Alka Banerjee shares her views on how hard it is to stay ahead of ... Read More »