People in the age group of 18-70 who have a savings bank account or a post office account are entitled to enrol under the scheme. The central government has settled 96.55 per cent of claims under PM Suraksha Bima Yojana till February, amounting to Rs 2, 610 crore, officials informed. An official at the… Continue reading 96.55% claims under PM Suraksha Bima Yojana settled, says official | Personal Finance
Tag: Finance
Income from shares gifted to minor child gets clubbed with donor’s income | Personal Finance
Infosys co-founder N R Narayana Murthy recently gifted 15 lakh shares of the company to his grandson Ekagrah Rohan Murty, valued at approximately Rs 240 crore, according to a regulatory filing. Even if you are not a tech billionaire, gifting financial assets to family members is a great idea, as such gifts have the… Continue reading Income from shares gifted to minor child gets clubbed with donor’s income | Personal Finance
Bank direct lending to NBFCs to moderate at Rs 1.7-1.9 trn in FY25: ICRA | Finance News
With increased risk weights and exposure reaching sectoral limits, bank direct lending to non-banking finance companies (NBFCs) in the country is expected to be Rs 1.7-1.9 trillion in the next financial year (FY25), according to rating agency ICRA. The incremental direct bank lending to NBFCs was Rs 1.61 trillion in the 10-month of… Continue reading Bank direct lending to NBFCs to moderate at Rs 1.7-1.9 trn in FY25: ICRA | Finance News
Explainer: What are meme coins and should you add them in your portfolio? | Finance News
Meme coins, a unique category of cryptocurrencies, have gained significant popularity in the digital currency space. These coins trace their origin to the growth of meme culture on the internet. Often lacking in any real underlying value, these coins have seen massive price fluctuations in the past and crypto traders have burnt their fingers… Continue reading Explainer: What are meme coins and should you add them in your portfolio? | Finance News
NBFC’s mission to diversify funding may see them struggle in the quest | Finance News
In 2009, Tata Capital’s Rs 500 crore bond issue was subscribed a tad over six times; the non-banking financial company (NBFC) retained Rs 1,500 crore. “We feel such bonds will become an instrument of choice for investors and other corporates, leading to the development of a strong corporate bond market,” said Praveen P Kadle,… Continue reading NBFC’s mission to diversify funding may see them struggle in the quest | Finance News
Street Signs: Shriram Finance and NTPC in spotlight, IPO blues, and more | Stock Market Today
Nifty shake-up: Shriram Finance and NTPC in the spotlight Shriram Finance, NTPC, and several other companies impacted by the latest rebalancing in the National Stock Exchange Nifty indices will be in focus when trading resumes on Tuesday. According to a note by IIFL Alternatives, Shriram Finance is expected to see inflows of nearly… Continue reading Street Signs: Shriram Finance and NTPC in spotlight, IPO blues, and more | Stock Market Today
How the RBI is minting a new nationwide currency logistics framework | Finance News
Mint Road’s refined currency management system has led to a marked fall in its holding pens. The number of currency chests (CCs) in the country stands at 2,838 in FY23 from 3,812 in FY19 while that of coin depots is at 2,293 (3,519). This follows the Reserve Bank of India (RBI) revamping its… Continue reading How the RBI is minting a new nationwide currency logistics framework | Finance News
Bajaj Auto to invest over Rs 3,000 crore in finance arm BACL: Official | Company News
Pune-headquartered two-wheeler and three-wheeler major Bajaj Auto is ramping up its wholly-owned captive finance subsidiary Bajaj Auto Credit Ltd (BACL) and plans to invest more than Rs 3,000 crore over financial years 2024-25 and 2025-26, a senior company official said. Rajiv Bajaj, managing director of Bajaj Auto Ltd, said that BACL has already… Continue reading Bajaj Auto to invest over Rs 3,000 crore in finance arm BACL: Official | Company News
RJio gets $2.2 bn from Swedish export credit agency to finance 5G rollout
The country’s largest telecom player Reliance Jio has received a USD 2.2 billion fund support from the Swedish export credit agency to finance equipment for the 5G rollout, according to Reliance Industries’ annual report. The company has largely procured telecom gears from Swedish firm Ericsson and Finnish company Nokia to deploy its 5G… Continue reading RJio gets $2.2 bn from Swedish export credit agency to finance 5G rollout
LIC Housing Finance to aggressively use OTS, ARC for loan recoveries
PSBs stepping up recovery of bad loans to meet FinMin’s 40% target: Report Intel announces Arc Pro A60 and Pro A60M GPUs with up to 12GB video memory Tata Capital to LIC Housing finance: Companies to raise funds from markets LIC Housing Finance, HDFC: Trading strategies for housing finance companies LIC Housing Finance Q4 result:… Continue reading LIC Housing Finance to aggressively use OTS, ARC for loan recoveries