Nov 14, 2016 - HDFC Life, Max Financial Services group's mega insurance merger plan hits IRDAI's roadblock

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from India Finance

Sree Vijaykumar

From the Editor's Desk
Most American blue-collar workers have little direct contact with the rich outside of Lifestyles of the Rich and Famous. But professionals order them around every day. The dream is not to become upper-middle-class, with its different food, family, and friendship patterns; the dream is to live in your own class milieu, where you feel comfortable - just with more money. "The main thing is to be independent and give your own orders and not have to take them from anybody else," a machine operator told Lamont. Owning one's own business - that's the goal. That's another part of Trump's appeal. Hillary Clinton, by contrast, epitomizes the dorky arrogance and smugness of the professional elite. The dorkiness: the pantsuits. The arrogance: the email server. The smugness: the basket of deplorables. Worse, her mere presence rubs it in that even women from her class can treat working-class men with disrespect. Look at how she condescends to Trump as unfit to hold the office of the presidency and dismisses his supporters as racist, sexist, homophobic, or xenophobic. More here

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Top 12 Corporate NPAs Cost Exchequer Twice As Much As Farm Loan Waivers

Total gross NPAs in Indian banking was Rs 10.3 lakh crore as of March 2018, according to RBI data.

Uday Kotak believes it is time for consolidation in NBFC space

Kotak also said India needs a long-term solution to woes of public sector banks.

Understanding IPOs: Process and benefits of listing a company

Getting listed on a stock exchange not only brings a wider recognition to the company, it also gives the company an opportunity to raise funds from one of the most traditional investor class, the public. By listing, the risk of ownership is spread among a wider group of shareholders thereby allowing the original shareholders to make profits while retaining a stake in the company.

Why do people hate finance?

It's important for young finance professionals to understand the weaknesses of the Indian financial system, for them to take the industry forward

HDFC Bank has no plans to cut down branch expansion: Aditya Puri

India is the fastest growing major economy in the world and banking services are yet to reach all the people, Puri added.

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

The state-owned lender would also expedite payment of insurance amount of Rs 30 lakh each to the families of CRPF personnel killed.

Headroom to cut rates does not exist: SBI Chairman

Kumar was responding to a query on why the bank had not cut the marginal cost of funds based lending rates.

India needs fewer and mega banks: Arun Jaitley

"With the experience in the past really has been of SBI merger, now it is second one which is taking place," Jaitley said.

A year after India's biggest bank fraud, PNB on road for annual profit

India Business News: State-run PNB has already surprised markets with an earlier-than-expected profit for the quarter ended Dec. 31 as it completed setting aside funds to

General Atlantic may sell Mu Sigma stake to Carlyle, KKR

General Atlantic has been looking to sell its stake in Mu Sigma for a while now, discussions have gained momentum in recent monthsGeneral Atlantic's stake is expected to be valued at at least $200 million, given Mu Sigma's unicorn status

Varun Beverages a step closer to pan-India ownership of PepsiCo franchisee rights

Varun Beverages Ltd said on Monday that its board has approved a plan to acquire beverage giant PepsiCo India’s franchisee

Actis abandons plan to acquire Essel Infra's solar portfolio in India

February 18 (Renewables Now) - Private equity firm Actis LLP has lost interest in buying the 685-MW Indian solar portfolio of Essel Infraprojects Ltd, but

Piramal Realty puts off plans to float PE fund for commercial real estate

It had planned to acquire brownfield and greenfield commercial properties and later sell them to other private equity funds

Bain Capital, co-investor pull high returns on latest India-linked partial exit

Private equity firm Bain Capital and its co-investor in an India-related transaction have pulled out another tranche of money

EverSource eyes minority stake in CDC-backed Ayana

EverSource plans to invest about $100 million in Ayana, backed by CDC Group Plc, the development finance institution owned by the UK govt, according to two people aware of the issue.

Dailyhunt is closing $60 Mn round from Goldman Sachs VC arm

Vernacular news aggregation platform Dailyhunt is about to close $60 million round from Goldman Sachs venture capital arm Goldman Sachs Investment Partners.

Investment banking jobs return, salaries rise by 20% at B-schools in India

Both IIMs and other management institutes witnessed a rise in the number of job offers and average compensation being offered to students.

Investing in global companies can give you an edge: Saurabh Mukherjea

American cos can tap into EMs' economic growth much better than their Indian counterparts.

Gruh Finance to merge with Bandhan Bank

Bandhan Bank announced the merger of low-cost housing finance company Gruh Finance into the Kolkata-based lender. The merger will help Bandhan Bank achieve product and geographic diversification while improving penetration in its core customer segment. Gruh will get access to a wider distribution network, a larger customer base and low-cost deposit base of Bandhan Bank.

IFC plans debt investment of $75 million in Manappuram Finance

IFC’s three-year loan will provide Manappuram Finance liquidity and support asset-liability managementManappuram Finance will be International Finance Corporation's (IFC's) first gold loan-focused investment

Explainer: Six factors that influence interest rates in an economy

Demand for and supply of money, government borrowing, inflation, Central Bank’s monetary policy objectives affect the interest rates.

Apax, Baring PE India-backed Manappuram to get debt funding from IFC

International Finance Corporation plans to make a debt investment of up to Rs 540 crore ($75 million) in Manappuram Finance Ltd,

No new tax in Punjab budget, focus on agriculture, health, education

India Business News: Punjab Finance Minister Manpreet Singh Badal Monday presented the state budget for 2019-20 with a total outlay of Rs 1,58,493 crore with no new taxes.

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