Finance

Mahindra Finance looks to raise $460 million from offshore markets

Mahindra and Mahindra Financial Services, the non-bank arm of the Mahindra group, is looking to tap the overseas markets to raise at least $460 million through a mix of loans and bonds. The company had raised $200 million in FY19 through the external ECB route, and is in the process of raising another $160 million in overseas loans, said Ramesh ... Read More »

Budget 2019: Halwa ceremony held at finance ministry, printing of budget documents starts

Union Finance Minister Nirmala Sitharaman serving halwa to her colleague Anurag Thakur. (Photo: Twitter/Finance Ministry) Preparations for the Union Budget 2019-20 are on full swing with the Union finance ministry organising the traditional ‘halwa ceremony’ today. Every year a halwa ceremony is organised at the finance ministry to mark the beginning of printing of documents related to the Union budget. ... Read More »

M&M Finance to announce strategic tie-up for asset management arm

Mahindra & Mahindra Financial Services will rope in a strategic partner for its asset management arm-Mahindra Asset Management, sources told Moneycontrol. The company is expected to make the announcement at a press conference in Mumbai on June 21. “The strategic partner is an Indonesian player,” an industry source said without divulging details. As on March 2019, the assets under management (AUM) of Mahindra Mutual ... Read More »

Piramal Enterprises divests its stake in Shriram Transport Finance

Piramal Enterprises (PEL) announced the sale of its investment of 9.96% in the fully paid-up share capital of Shriram Transport Finance Company Limited (STFCL). Piramal has a long-standing track record of shareholder value creation and has consistently leveraged the right opportunities at the appropriate time to deliver an annualized shareholder return of approx. 28% over the last 31 years. Earlier this year in ... Read More »

Former ELP partner Deep Roy starts finance + fashionable insolvency boutique law firm Equilex

Former Economic Laws Practice (ELP) partner Deep Roy, whom we had reported to have resigned in March, has started up a boutique firm under the name Equilex, in the finance and sexy flavour-of-the-month insolvency space. “I had this in my mind ever since I was planning to move on,” he said about the firm, which he started on 1 May in a temporary office ... Read More »

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 »