The Government has cleared 25 Foreign Direct Investment proposals worth ₹1,546.12 crore which includes six related to single brand retail trade. The Finance Ministry, which gave the approvals based on recommendations made by the Foreign Investment Promotion Board, also cleared…
Category: Finance
Amazon and Future Group ink deal to sell goods online
The world’s largest online store Amazon and India’s largest listed retailer Future Group have signed a deal to jointly sell goods over the Internet amid growing friction between online and offline retailers over heavy discounting. Future Group will sell more…
Royal Bank of Scotland plans to sell its banking business in India
Royal Bank of Scotland (RBS) plans to exit its private banking business in India as part of a global decision to sell international operations of its private banking arm Coutts, which manages nearly $36 billion in client assets in markets,…
My Portfoilo- A Excel Utility for maintaining your Share Market portfolio in Realtime
a simple Excel Utility that manages your Share market portfolio in real time. Its basic features are: This sheet gets updated automatically in every 2 minutes to give realtime position If your stock is todays gainer Current price will automatically become…
Housing Loan Down Payment/Margin money Product by Muthoot Finance
Muthoot Finance has launched a new scheme to finance margin money needed to avail of home loans. As per norms, a home loan borrower has to contribute 20 per cent margin money (equity) to avail a housing loan for up…
Online retail, finance firms care less for client data safety: Survey
About half the e‑commerce/online retail businesses and about 40% financial services organizations surveyed by IT security firm Kasperky Lab over a year-long period have reported losing some type of finance-related information to cybercriminal activities. The survey also notes that a…
Ministry of Finance to Implement New Monetary Policy by New Year
Ministry of Finance has announced a new monetary policy framework to be put in place by the New Year. Details have not yet been finalized but will be confirmed by the end of December in order to be included in…
India plans to raise around Rs 58,425 crore through selling Stakes in Companies
India plans to raise around 50 billion rupees ($813.4 million) this fiscal year by selling stakes in companies including ITC, Larsen & Toubro and Axis Bank, a senior official with knowledge of policymakers’ discussions said on Wednesday. The sales could…
PSUs need to comply with 25% minimum public shareholding by August 2017
Listed public sector companies will have to comply with the norm of 25 per cent minimum public shareholding by August 21, 2017. This will help the Government’s disinvestment programme as well as ensure more PSU shares for retail investors. At…
Delhi Development Authority Housing Finance Schemes
The Delhi Development Authority’s housing scheme for over 25,000 flats in the national capital presents a great opportunity for banks to earn some easy money. No wonder, most banks have rolled out schemes to finance Rs. 1 lakh registration money necessary to…