Finance Minister Nirmala Sitharaman has proposed closing the buyback route used by corporates to avoid paying taxes. Earlier, corporates used to prefer using the buyback route after the government levied a dividend distribution tax of 10 percent in 2007, which was further hiked by a similar quantum in 2016. In the last three years, more than 170 companies have bought back shares worth ... Read More »
Shares of Reliance Home Financeshed 7.3 percent in the early trade on July 1 after the company extended maturity on certain NCDs of Rs 400 crore. The company in its press release dated June 29 said that in view of the continuing severe liquidity crisis in the sector, the maturity of certain NCDs of Rs 400 crore has been extended till October 31, ... Read More »
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 »
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 »
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 »
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 »
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 »
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 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 »
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 »
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