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Finance-Banking/Finance-Industry-The Economic Times

The Economic Times: Latest business, finance, markets, stocks, company news from India.

Last Build Date: Sat, 25 Mar 2017 03:45:09 GMT

Copyright: Copyright:(C)2017 Bennett Coleman & Co. Ltd,

India’s foreign exchange reserves up by $2.6 billion to $366.7 billion: RBI

Fri, 24 Mar 2017 13:47:39 GMT

(image) Sources say that the RBI has been defending the value of Rupee against Dollar at levels around Rs 65.60 and even before that the regulator had intervened to maintain the level at Rs 66.40.

Reliance Capital completes transfer of commercial finance business into a separate subsidiary

Fri, 24 Mar 2017 13:12:56 GMT

(image) Reliance Capital is a non-banking finance space with a focus on asset backed lending.

Altico Capital provides credit line of up to Rs 300 crore to Phoenix Group

Thu, 23 Mar 2017 19:51:41 GMT

(image) “Track record of the group, location of the projects, product offering and stage of construction were key reasons for Altico's investment,” said Sanjay Grewal, CEO of Altico Capital.

Profit growth for manufacturing cos improved significantly in Q3: RBI

Thu, 23 Mar 2017 16:38:11 GMT

(image) Sales of services sector constituents (other than IT), however, continued to contract for three successive quarters.

Central Excise mop-up from Mumbai jumps 29% in Apr-Feb period

Thu, 23 Mar 2017 16:04:07 GMT

(image) Revenue collection from the cigarette major Godfrey Phillips grew by 14 per cent to Rs 774 crore from Rs 678 crore a year ago.

Nirmal Lifestyle in talks with 2 realtors to develop Mulund land

Thu, 23 Mar 2017 07:58:10 GMT

(image) The ratio in which developed space will be shared between both the partners will be dictated by the upfront payment to be made by the incoming partner.

FDI in India see a substantial jump across sectors: Nomura

Wed, 22 Mar 2017 17:58:01 GMT

(image) According to a Nomura research FDI jumped by 28 per cent compounded annual growth rate (CAGR) between 2014 and 2016.

Edelweiss Group strengthens 'turnaround management' platform

Wed, 22 Mar 2017 13:18:00 GMT

(image) The group has identified several large assets in diverse sectors including power, steel, infrastructure and logistics for operational turnarounds.

Affordable housing to be growth driver for housing finance market

Wed, 22 Mar 2017 12:29:19 GMT

(image) The rating agency said it expects affordable housing segment to grow at a faster pace than industry at over 30 per cent over the medium term.

Carlyle frontrunner to buy 26% stake in SBI Cards for Rs 2000 crore, GE to fully exit JV

Tue, 21 Mar 2017 19:19:30 GMT

(image) The US headquartered IT giant will however not bring in any equity but only provide technology support as a preferred vendor.

Chemicals, construction material exports stand at $27 bn by December 2016

Tue, 21 Mar 2017 15:00:13 GMT

(image) The response to CAPIndia 2017 can well be considered as a good indicator of constantly improving world's preference towards Indian products.

India Inc borrows $2.23 bn from foreign sources in February 2017

Tue, 21 Mar 2017 14:53:47 GMT

(image) Under the approval route (ECB), Reliance Industries raised $550 million to refinance its earlier ECB loan.

NBFCs will show up better asset quality: Moody's

Tue, 21 Mar 2017 07:24:39 GMT

(image) NBFCs in India (Baa3 positive) will demonstrate broadly stable asset quality, but delinquencies will likely rise over the next 1-2 quarters.

Irrational competition can play havoc in market: Deepak Parekh

Mon, 20 Mar 2017 13:18:36 GMT

(image) In the financial services space, retail finance is seen as particularly promising in India due to a significant level of under-penetration.

CoinTribe ties up with credit rating agency SMERA

Mon, 20 Mar 2017 12:18:13 GMT

(image) The joint collaboration will tap SMERA’s proficiency in assessment, vast MSME-centric database, physical touchpoints, and on-ground validation of companies.