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GST Council likely to levy 18% tax rate on corporate guarantees for loans
The GST Council is likely to introduce an 18 per cent tax rate on corporate guarantees extended by …
IIFL Finance shares bounce back after two days of sharp fall
Shares of IIFL Finance Ltd bounced back on Thursday and climbed nearly 10 per cent after tumbling …
PTI
RBI cancels licence of Pune-based The Seva Vikas Co-op Bank
"The bank does not have adequate capital and earning prospects," the RBI said. It also stated that …
PTI
RBI cancels licence of Laxmi Co-operative Bank, Solapur
The Reserve Bank of India (RBI) on Thursday cancelled the licence of The Laxmi Co-operative Bank Lt…
RBI cancels license of Pune-based Rupee Cooperative Bank, says 99% depositors will receive full refund
Interestingly, in its order, RBI outlined that the continuance of Rupee Cooperative Bank wou…
Former EY partner shares how he climbed the corporate ladder to walk away from it all and become a math teacher
A partner at EY career swapped in his 50s retraining to become a math teacher. He said he doesn't m…
MaryLou Costa
Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty
India is on track to become the world's third-largest economy by 2027, but Narendra Modi faces a pi…
Theron Mohamed
HDFC raises Rs 25,000 crore via India's largest privately placed corporate bond issue
Housing Development Finance Corp raised its target of Rs 25,000 crore on Thursday, in what is the c…
ANI
Prem Watsa-backed Fairfax India commits up to $200 mn to IIFL Finance
Indian-Canadian billionaire Prem Watsa-backed Fairfax India on Wednesday announced its commitment t…
PTI
EXPLAINED: A stock split helps increase liquidity in a stock by making it more affordable for retail investors, but does not guarantee an uptick
It is a season of stock splits as big and small corporations are actively increasing the supply of …
India now the 14th priciest residential real estate market
India climbed 18 spots up to 14th rank in Knight Frank’s global house price index in the third quar…
Indians pay too much interest on home loans, reveals study
The study also showed that people in the age bracket of 25 to 44 years in smaller towns are much mo…
Siemens AG to acquire 18% in Siemens India for €2.1 billion
Siemens AG intends to acquire an 18% stake in Siemens India from Siemens Energy for €2.1 billion in…
What caused the Great Recession? Understanding the key factors that led to one of the worst economic downturns in US history
The Great Recession was caused by the collapse of the subprime mortgage market, which led to a cred…
Anne Field
Silicon Valley Bank's new CEO urges depositors to bring back their money
Tim Mayopoulos, new CEO of collapsed Silicon Valley Bank (SVB), has urged depositors to return with…
Nifty50 set to clock 10% increase in profit in Q3; banks likely to outperform
Yet another earnings season has begun, as always, with IT services companies reporting a mixed set …
Finance Minister Nirmala Sitharaman announces over ₹1 trillion loan guarantee scheme for COVID-19 affected sectors such as healthcare
It announced an additional ₹1.5 trillion to the Emergency Credit Line Guarantee Scheme (…
Home Buyers May Soon Get 90% Loan In India
The measure helps mitigate default risk. This can also prove financially viable when they securitis…
Economic Times
India Budget 2020: Bank scam victims are assured of ₹5 lakh instead of ₹1 lakh
“A robust mechanism is in place to monitor the health of all banks and the money of deposito…
Can Congress' basic income scheme end India's poverty?
In case of the just launched PM-Kisan scheme only landowners who own less than two hectares …