Finance News

NabFID seeks to raise about $1 billion from multilateral institutions National Bank for Financing Infrastructure and Development (NaBFID) on Thursday said it was looking to raise about $1 billion from multilateral institutions to reduce overall cost of funds and diversify funding sources. The state-owned company’s debut 10-year non-convertible debenture offering received bids of Rs 23,629 crore, almost 2.4 times ...

EXIM Bank plans to step up funding to Indian firms eyeing African markets By Manoj Kumar NEW DELHI (Reuters) – India’s Export-Import Bank plans to step up investments under a government-supported line of credit programme to finance Indian companies looking to access fast-growing African markets, the bank’s top official said, part of a move to expand trade ties. ...

Unlikely that the RBI will precede the US Fed in pivoting to a rate cut US Federal Reserve Chair Jerome Powell had a direct message this week: rate cuts could be a “couple years out.” It’s probably giving India’s policymakers something to pause about.   Economists tracking India aren’t altering their forecasts for a rate cut as yet, which they ...

Binance launches AMP Summer Internship to develop talent in blockchain tech Allegations made by Binance ‘false and unsubstantiated’, says WazirX Crypto wrap: Market trading flat amid regulatory crackdown on Binance Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance Ahead of searing summer, analysts bet on consumer appliance stocks Web Werks to invest Rs 1,400 crore ...

A snapshot of term insurance plans with 2 riders offered by various firms 2023 may see an M&A surge in insurance sector: Shriram General Insurance MD Composite insurance licence regime may trigger M&A activity: HDFC Life CFO LIC may look at composite licence post amendment in Insurance Laws Proposed changes to insurance laws may cause health claim disputes: Unions New ...

In a first, Bajaj Housing Fin offers extended home loans: Should you opt? Bajaj Housing Finance has extended the maximum tenor on its home loans to 40 years from 30 years now for salaried applicants. The tenor extension offer is only for new buyers. This comes a few days after the Reserve Bank of India (RBI) kept interest rates steady ...

CAG to explore new audit areas as it adopts end-to-end digital framework Comptroller and Auditor General of India will be exploring new audit areas, like extraction industries underwater and releasing more reports as the apex government auditor adopts end-to-end digital framework from this fiscal year. In a media interaction post the three-day SAI20 Summit under the Indian Presidency ...

Fund pick: Kotak Bluechip 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: UTI Flexi Cap Fund Profit from your paradise: Enjoy vacations, earn rent in tourist hotspots Senior citizen saving scheme vs bank FD: What ...

considers rule changes to bolster $731 billion By Saikat Das India is considering rule changes to bolster insurance penetration in the country as more companies, including foreigners, line up to enter the segment.   “Proposals for amendments to insurance laws include rationalized capital requirements, composite registration, one-time registration for intermediaries, value-added services by insurers, and sale of other financial ...

What is the right strategy for you Now that interest rates are peaking, investors, especially senior citizens are looking to park their funds. Bank fixed deposits (FDs) and small savings schemes are two  low-risk investment options for those who prefer the safety of their capital. Compared to fixed deposits, which are provided by banks, small saving schemes are managed by ...