Tag Archives: Finance

IndoStar Capital Finance raises Rs 1,225 crore

New Delhi: Non-banking financial player IndoStar Capital FinanceNSE -0.43 % on Wednesday said it has raised Rs 1,225 crore equity capital from Brookfield, an alternative asset manager. The investment by Brookfield in the retail-focussed NBFC is a combination of primary investment in equity shares and compulsorily convertible preference shares (CCPS). With this investment, Brookfield will become a co-promoter with 24.6 ... Read More »

AU Small Finance Bank jumps 4% after Singapore govt buys stake in lender

MUMBAI: Shares of AU Small Finance Bank rose 4.3% on Tuesday following the government of Singapore buying stake in the lender. The Singapore government bought 1.9 million shares of the lender, or 0.65% stake, at ₹414.6 apiece, according to bulk deal data on the NSE. At 1210 pm, AU Small Finance Bank traded 0.6% higher at ₹400.15, while the benchmark ... Read More »

Spruce Finance Acquires Clearway Energy’s Residential Solar Assets

Spruce Finance has announced that it has bought Clearway Energy’s entire portfolio of residential solar assets in the US worth around 53 MW. Spruce Finance, the largest private owner and operator of distributed generation solar residential assets in the US, has bought Clearway Energy’s entire portfolio of residential solar assets. The deal is Spruce’s largest to date and the latest ... Read More »

Fitch Affirms Bank Maybank Indonesia and Finance Subsidiaries

Fitch Ratings – Sydney/Jakarta – 11 May 2020: Fitch Ratings has affirmed PT Bank Maybank Indonesia Tbk’s (Maybank Indonesia) Long-Term Issuer Default Rating (IDR) at ‘BBB’. The bank’s other international ratings have also been affirmed. At the same time, Fitch Ratings Indonesia has affirmed the National Long-Term Rating on Maybank Indonesia at ‘AAA(idn)’, and the National Long-Term Ratings on its ... Read More »

Hyundai introduces 5 new car finance schemes

. Hyundai has announced five new car finance schemes for customers. Here are the details: 3 Months Low EMI Scheme: Customers can opt for low EMIs for the first 3 months and the balance amount in remaining equal EMIs for 3 year, 4 year and 5 year loan tenures. This scheme is valid for all Hyundai models. Step-up Scheme: Customers ... Read More »

Piramal Capital’s corporate finance group chief quits, joins Bank of America

MUMBAI: Vikas Deep Gupta, head of Piramal Capital and Housing Finance’s corporate finance group (CFG), has quit the non-bank lender to join Bank of America, said three people aware of the development. Gupta, who has joined the Bank of America a few days ago, heads the bank’s structured and distressed credit business as managing director, one of the people cited ... Read More »

Sundaram Finance Q3 PAT rises 4% to Rs 253 crore

Non-banking finance company Sundaram FinanceNSE -2.02 % Ltd on Tuesday reported a 3.8 per cent rise in consolidated profit after tax (PAT) at Rs 252.90 crore for the quarter ended December 31, 2019. It had posted a consolidated PAT of Rs 243.64 crore in the year-ago period, Sundaram Finance said in a regulatory filing. However, the consolidated income of Sundaram Finance declined to Rs ... Read More »

Family Finance: Government employee Kumar should focus on main money goals for now

Bipin Kumar and Jyoti Sharma stay with their two children, aged four and one, in Delhi. They get a combined monthly income of Rs 1.1 lakh and being government employees, they have been provided free accommodation. Their portfolio worth Rs 34.04 lakh comprises equity worth Rs 3.3 lakh, debt of Rs 32.04 lakh, and cash of Rs 20,000. After considering household ... Read More »

Finance ministry makes a budget case for small investors

Mumbai: Finance minister Nirmala Sitharaman told Indian industry on Friday that proposed changes in dividend distribution tax (DDT) rules were aimed at putting more money in the hands of small shareholders, declaring, “let them decide what they want to do with it”. While admitting that promoters and high net-worth individuals (HNIs) will face a higher tax rate, she justified the move on the ... Read More »

Budget 2020 Live: Finance Minister Nirmala Sitharaman Begins Her Budget Speech

Budget 2020 | Government Debt Cut To 48.7% Of GDP In March 2019: FM The central government’s debt in March 2019 to 48.7 percent of GDP from 52.2 percent in March 2014. Got FDI Of $284 Billion In 2014 To 2019 Economic Development To Involve Yielding More Space For Private Sector 11:16 AM FM Lists Out Three Theme Of Budget ... Read More »