Bhubaneswar-based non-banking financial company (NBFC) Annapurna Finance Pvt. Ltd has raised Rs 155 crore ($23 million) from mid-market private equity firm Oman India Joint Investment Fund (OIJIF). OIJIF is a joint venture of Oman’s State General Reserve Fund and State Bank of India. The firm said in a statement that the infusion was part of OIJIF’s commitment to invest Rs ... Read More »
Real Vision is entering the crowded business and financial new space with a bang. The company, which recently raised a $10 million Series B after a $5 million A round, is working on a number of new initiatives including distribution on Apple TV, a content distribution partnership with Thomson Reuters and an upcoming documentary on PBS. The documentary, “A World ... Read More »
Shares of chemicals firm SRF plunged by as much as 14 percent on Friday after the company reported a decline in its March quarter net profit and an increase in its debt. The company’s net profit for the March quarter fell 4 percent year on year to Rs 124 crore, dented by higher finance and depreciation costs. Revenue from operations grew 21.5 percent ... Read More »
MUMBAI: The Finance Ministry on Friday sought fresh applications from eligible candidates for the post of deputy governor which remains vacant after SS Mundra retired in July last year after a three-year term. The latest notice released in National dailies, says that the applicants should have an understanding of bankruptcy, restructuring, turn around and overseeing risk management functions in a large financial ... Read More »
The 15th Finance Commission is supposed to submit its recommendations by October 30, 2019. NEW DELHI: The 15th Finance Commission, set up to recommend the devolution of central pool taxes to states, as well as a fiscal consolidation roadmap for government finances, has invited suggestions from the public, according to the Union Finance Ministry on Thursday Headed by NK Singh, the ... Read More »
Manas Jaiswal of manasjaiswal.com has a buy call on Cholamandalam Investment & Finance Company with a target price of Rs 1,485. The current market price of Cholamandalam Investment & Finance Company is Rs 1,417.10. Time period given by the analyst is ‘Intra Day’ when Cholamandalam Investment & Finance Company price can reach defined target. Manas Jaiswal recommended to keep a stop ... Read More »
The CBEC has issued the clarification in view of queries regarding the tax liability and the rate of GST on services provided by a college hostel mess. Photo: Mint New Delhi: Mess facility provided to students and staff will attract 5% GST irrespective of whether it is provided by educational institution or outside contractor, the finance ministry said on Wednesday. The ... Read More »
Deputy Chief Minister N. Chinarajappa, Finance Minister Yanamala Ramakrishnudu, with Collector Kartikeya Misra in Kakinada on Sunday. | Photo Credit: S_RAMBABU ‘Efforts are on to recruit employees in a phased manner’ The State government is planning to undertake construction of office buildings to the Finance Department in all the districts, besides ensuring permanent buildings to house the sub-treasury offices, according ... Read More »
AHMEDABAD: Gujarat Deputy Chief Minister Nitin Patel, who was unhappy over not getting portfolios of his choice in the new cabinet, took charge today after he was given the finance portfolio, following BJP president Amit Shah’s intervention. “BJP president Amit Shah called up in the morning and assured me that I will be given a portfolio which befits my stature as the ... Read More »
Don’t know about any such proposal: Drabu Srinagar: The J&K Health Department has submitted phase-wise regularisation of nearly ten thousand National Health Mission employees to the Finance department for approval. Minister of State for Health and Medical Education, Asiea Naqash told Kashmir Reader that the Department has agreed on various demands of National Health Mission (NHM) employees including their regularisation ... Read More »
Tutevilla Tutevilla