Reliance Industries’ annual report said the telco has largely procured gears from Swedish company Ericsson and Finnish company Nokia to deploy its 5G network, said the report. ‘RJIL tied up its first-ever Swedish Export Credit Agency (EKN) supported facilities of USD 2.2 billion equivalent making it the largest cover ever provided by EKN for a… Continue reading Reliance Jio gets $2.2 bn from Swedish export credit agency to finance 5G rollout
Category: Finance
Emerging market stocks are having a moment as growth bets return
There are early signs of a rotation under way, with equity benchmarks beating local-currency bonds since the beginning of July. And traders are already starting to chase the rally, with Bank of America Corp. reporting that emerging-market equities have absorbed $4.1 billion in the week to Aug. 2, adding to inflows in the previous three… Continue reading Emerging market stocks are having a moment as growth bets return
L&T Finance launches Digital Sakhi project in Murshidabad
L&T Finance Holdings Ltd (LTFH), a non-banking financial company, August 5 announced the launch of its ‘Digital Sakhi’ project in Baharampur town in West Bengal’s Murshidabad district. A CSR project of the company, ‘Digital Sakhi’ trains and nurtures rural women, who in turn promote women entrepreneurship and digital financial literacy in their communities, the company… Continue reading L&T Finance launches Digital Sakhi project in Murshidabad
Mahindra Finance July biz update steady; NIM and monsoon progress key going ahead
Mahindra & Mahindra Financial Services Ltd. provided a promising business update for July, with positive growth indicators to note. The non-banking financial company reported a 12% year-on-year (YoY) increase in monthly disbursements, reaching 4,400 crore, and a 4% sequential growth. Robust disbursements contributed to a substantial 28% YoY surge in business assets, totalling ₹88,100 crore.… Continue reading Mahindra Finance July biz update steady; NIM and monsoon progress key going ahead
If numbers don’t scare you, consider these emerging roles in finance
If you love working with numbers, chances are that you might have thought of embarking on a career in finance. Beyond the financial career options you might be already aware of – accountant, banker, stockbroker or financial advisor – what are the other emerging finance careers that can help you build a strong future-proof career? Here’s a… Continue reading If numbers don’t scare you, consider these emerging roles in finance
Finance Minister Sitharaman urges regional rural banks to boost digital banking
One of the key points emphasised by FM Sitharaman was the need to improve the Current and Savings Account (CASA) Ratio of RRBs. She highlighted that although the CD Ratio, Gross NPAs, and Provision Coverage Ratio (PCR) of RRBs in the Southern region were already better than the national average, enhancing CASA Ratio would bolster… Continue reading Finance Minister Sitharaman urges regional rural banks to boost digital banking
Bain Capital offers 7.9 crore L&T Finance shares in block trade: Report
Bain Capital has offered 7.9 crore share in L&T Finance Holdings Ltd for block trade for which the floor price has been set at 128.1 per share, reported CNBC TV-18. The US-based investment firm seeks $123 million through the block deal. On August 2, shares of L&T Finance Holdings settled 2 per cent lower at… Continue reading Bain Capital offers 7.9 crore L&T Finance shares in block trade: Report
Maruti Suzuki Finance enables 1 million customers with loans worth Rs 64,000 crore through its finance partners
Since its inception in 2020, collaborating with its finance partners, MSSF has enabled hassle-free loans worth over Rs 64,000 crore to customers across NEXA and Arena channels. MSSF is a cutting-edge AI-driven, end-to-end digitised platform that facilitates and enables customers to avail car finance in a convenient and transparent way. Shashank Srivastava, Senior Executive Officer,… Continue reading Maruti Suzuki Finance enables 1 million customers with loans worth Rs 64,000 crore through its finance partners
Credit Agricole’s Q2 results beat estimates on insurance, consumer finance
Credit Agricole SA (CAGR.PA), France’s second-biggest listed bank, posted better-than-expected quarterly earnings on Friday, driven by a strong performance of its insurance and consumer finance divisions. The listed entity of Credit Agricole Group, controlled by 39 French mutual banks, also announced it had agreed to buy a majority stake in Belgian wealth manager Degroof Petercam for… Continue reading Credit Agricole’s Q2 results beat estimates on insurance, consumer finance
TORK Motors partners with HDFC Bank to offer easy finance options – ET Auto
The partnership is to offer tailor-made finance solutions to suit the needs of TORK Motors’ customers, making the KRATOS-R more accessible to new buyers with affordable EMIs of as low as INR 4,999. As a part of the agreement, HDFC Bank representatives will soon be available at TORK Motors experience centres to assist customers. Kapil Shelke, Founder… Continue reading TORK Motors partners with HDFC Bank to offer easy finance options – ET Auto