Sunday, December 22

Tag: finance news india

Indiabulls Housing Finance says that Crisil has Stabilized the Upgrade
2Apr By Nikita Dhyani1 Comment
Finance

Indiabulls Housing Finance says that Crisil has Stabilized the Upgrade

Rating agency Crisil has upgraded its outlook for Indiabulls Housing Finance Limited from negative to stable. This confirmed the company's short-term long-term credit ratings of "AA" and "A1+" In a filing with the BSE, the Indiabulls Housing Finance company said it received Crisil's communication on 31 March. Modification of rating factors in fundraising is less than the expected increase in asset quality and non-performing asset (NPA) levels in retail segments. Also, read | Now recharge your Delhi metro card with amazon pay  The credit rating agency also observed regularisation of collection efficiency to pre-Covid levels, strong capitalization with healthy cover for asset-side risks, and a strong liquidity position of the company. During early trade, Indiabulls Housing Finance Ltd...
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Indian Railways Will Never be Privatized Says Piyush Goyal
18Mar By Nikita Dhyani1 Comment
Business, Finance, Indian Railways, news, Politics

Indian Railways Will Never be Privatized Says Piyush Goyal

Clearing the air over the privatization of Indian Railways, which has been opposed by several leaders, Union Railway Minister Piyush Goyal on Tuesday said that Indian Railways will not be privatized and will always remain with the government. However, the Minister also stressed the need for private investment for the more efficient functioning of the railways. Also, read | Nirmala Sitharaman discussed the global economic outlook with US Treasury Secretary Speaking on the Demand for Grants of Ministry of Railways 2021-22 in the Lok Sabha, Goyal Said - That there has been no death of any passenger due to a rail accident in two years. Mr. Goyal said the Modi government has hiked investment in railways to ₹ 2.15 lakh crore in 2021-22 fiscal, from ₹ 1.5 lakh crore in 2019-20 ...
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Nirmala Sitharaman discussed the global economic outlook with US Treasury Secretary
16Mar By Nikita Dhyani1 Comment
Business, Finance, finance minister, Joe Biden, news

Nirmala Sitharaman discussed the global economic outlook with US Treasury Secretary

  FM Nirmala Sitharaman on Monday discussed the global economic outlook and exchanged notes on issues of mutual interest with US Treasury Secretary Janet Yellen. https://twitter.com/FinMinIndia/status/1371499851645513728?s=20 In a series of tweets, the finance ministry said both Sitharaman and Yellen agreed to work closely through common economic and strategic collaboration in various multilateral fora, including the G20. Also, read | IT Employee Union Files Complaint Against Tata Technologies - sources The Ministry also said that Ms. Sitharaman and Ms. Yellen exchanged notes on the economic issues of mutual interest and looked forward to the meeting of the India-US Economic and Financial Partnership later this year. Finance Minister Nirmala Sitharaman had a frui...
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Chinese Smartphone Company Vivo Return as the IPL Title Sponsor
13Mar By Nikita Dhyani1 Comment
cricket, Finance, IPL, Sports

Chinese Smartphone Company Vivo Return as the IPL Title Sponsor

    Chinese smartphone company Vivo has returned as the title sponsor of the Indian Premium League cricket tournament, almost a year after the sponsorship deal with the BCCI was suspended amid the India-China border standoff. The company, which competes with players like Xiaomi and Samsung in the Indian market, also said that it will expand its portfolio of premium devices, and focus on new technologies like 5G. https://twitter.com/IPL/status/1368535256014356488?s=20 Vivo India Director Brand Strategy Nipun Marya told PTI on Wednesday Vivo is back as the Title Sponsor of the IPL and it is very encouraging and exciting for us. The IPL is the biggest asset in India and a perfect combination of sports and entertainment, so we are waiting for the IPL to start...
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Finance Minister hints at a review of tax limit on EPF
22Feb By Nikita Dhyani1 Comment
Business, Finance, Politics

Finance Minister hints at a review of tax limit on EPF

Finance Minister Nirmala Sitharaman has commented that there is no intent to discourage higher income earners from saving with the Employees Provident Fund (EPF) and that she was open to reviewing the contribution limit of ₹2.5 lakh a year for tax-free interest, imposed in the recent Union Budget. Reiterating that the EPF will continue to remain in its present form, the Minister said there was no plan to merge the EPF with the National Pension Scheme. Also learn- For rich/affluent, EPF is not a nest egg but a goose that lays golden eggs. “We want to continue with the EPF. We understand that there is a certain comfort with people, particularly middle-income earners when they are assured of a return,” she mentioned in an exclusive interview with Business Line. “We have taken ...
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Bharti Airtel adds maximum number of wireless users than Jio for 5 months in a row
19Feb By Nikita DhyaniNo Comments
Business, Communication, Finance, Jio, news, Politics

Bharti Airtel adds maximum number of wireless users than Jio for 5 months in a row

Airtel acquired 4.05 million wireless subscribers against Jio's 0.47 million while battling Vodafone-Idea once again lost almost 5.7 million users in December, as per Telecom Regulatory Authority of India (Trai) data delivered on Thursday. Bharti Airtel adds maximum numbers of wireless users 5th times successfully in a row which is more than market leader Reliance Jio. Airtel added 4.05 million wireless subscribers in December to take its base to 338.70 million, followed by Reliance Jio, which added 478,917 subscribers to take its base to 408.77 million. With solid additions, Airtel has also narrowed the gap with market pioneer Reliance Jio, which has seen its subscriber additions slowing down. Reliance Jio’s wireless market share stood at 35.43% in December, followed by Airte...
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Govt to set up a digital intelligence unit to tackle pesky calls, financial duplicity
16Feb By Nikita Dhyani1 Comment
Business, Finance, financial fraud, news, pesky calls, Politics

Govt to set up a digital intelligence unit to tackle pesky calls, financial duplicity

The telecom ministry will set up an intelligence unit and a consumer protection system to tackle pesky calls, financial duplicity. "In the meeting, the Minister of Communication directed the authorities to take strict action against the telemarketers and individuals involved in harassment of telecom subscribers. Further, the minister observed that telecom resources are also being used to carry out financial frauds and dupe the common man of his hard-earned money,” the statement read. To take strict action against financial irregularities, the government is planning to set up an intelligence unit and a consumer protection system to address the rising concern and irritation of consumers over Unsolicited Messages on mobile phones, repeated harassment through SMS, promising fraudulen...
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