Finance News

Indian rupee may struggle on more Fed rate hike bets, US yields surge By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to struggle on Friday following a jump in U.S. yields and the dollar index on expectations that more Federal Reserve rate hikes were on the way. Non-deliverable forwards indicate rupee will open at ...

India Inc’s fundraising from overseas up 12% to $9.7 billion in H1 2023 Indian companies raising funds from foreign sources rose 12 per cent to $9.7 billion in the first half of calendar year 2023, compared with $8.6 billion raised in the same period of 2021-22. Several companies, led by Reliance Industries, raised funds from overseas, notwithstanding the ...

What happens if you fail to do so? The last date to link the Aadhaar card and PAN card has been fixed at June 30. The Centre had earlier fixed the last date to link the PAN and Aadhaar cards as March 31, 2023. This was, however, later postponed. While linking the two cards, the users will have ...

Fund pick: Nippon India Growth Fund Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Fund pick: SBI Magnum Midcap Fund Personal loans galore: Credit offtake to outpace deposit growth in FY24 Sundaram Alternates launches Rs 1,500 cr realty ...

A snapshot of company fixed deposit rated offered by various companies Company Fixed Deposit Rates *At Monthly Rests. Additional interest of 0.25% p.a on all renewals, where the deposit is matured. Additional interest of 0.10% p.a. for women depositors. Data as on 28 June 2023 First Published: Jun 29 2023 | 6:21 PM IST

Tour operators welcome govt move to defer hike in TCS on overseas packages Domestic tour operators on Thursday welcomed the government’s move to defer hike in tax collection at source on overseas tour packages till September 30 calling but reiterated that it should be brought down to 2.5 per cent. In a statement, Indian Association of Tour Operators ...

Advocacy by institutional shareholders surges 44% When it came to ESOPs, renumeration and board changes, shareholder meetings in financial year 2022-23 saw a surge in advocacy by institutional shareholders who made their voices heard by voting against several resolutions proposed by managements.  The number of resolutions where more than 20 per cent of institutional shareholders expressed their dissent ...

Sundaram Alternates launches Rs 1,500 cr realty private credit fund Sundaram Alternates, an arm of Chennai-based Sundaram Group, on Thursday launched its fourth high-yield credit fund with a corpus of Rs 1,500 crore. The new fund seeks to raise Rs 750 crore with a green shoe option worth Rs 750 crore, taking the aggregated target size to Rs ...

Credit offtake to outpace deposit growth in FY24 Personal loans have been the biggest drivers for India’s banking sector as corporate lending  has stalled due to rising non-performing assets and deleveraging in fiscal year 2023. Despite consecutive repo rate hikes, borrowings increased by 15 per cent year on year till March 2023,  the longest annual jump in credit offtake ...

Singapore’s Instarem sees huge inflow of diaspora remittances into India Singapore-headquartered Instarem sees huge inbound flow of remittances into India, citing the World Bank projection that money sent home by the Indian diaspora will reach USD 100 billion a year in the coming year or so, up from USD 82 billion received last year. India is a huge ...