Monday, September 16, 2019
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NEWS
BUSINESS

NBFCs, HFCs to face growth, funding headwinds: India Ratings
Mumbai | Monday, 2019 6:45:05 PM IST
Non-Banking Finance Companies (NBFC) and Housing Finance Companies (HFCs) will face pressures on both growth and fundings, India Ratings, a Fitch group company, said on Monday. ... read..


Best Roadways steps into air and rail cargo services, announces Group Director - Suyashh Gupta
Corporate | September 9, 2019 6:41:40 PM IST
Mumbai (Maharashtra) [India] Sept 9 (ANI/NewsVoir): The logistics industry, at a closer look, is the backbone of a nation's economy. Whatever might be the nature of a business, both raw materials and finished products have to be moved from one place to an ... read..


Honeywell powers India's Auric and Faridabad Smart City Projects
Corporate | September 9, 2019 6:41:39 PM IST
New Delhi (Delhi) [India] Sept 9 (ANI/BusinessWire India): Honeywell on Monday announced that it is working with the Aurangabad Industrial Township Ltd. and Faridabad Smart City Ltd. to run cities more effectively and improve citizens' living standards th ... read..


Get instant approval, quick disbursal on your personal loan with Bajaj Finserv App
Corporate | September 9, 2019 6:11:44 PM IST
Pune (Maharashtra) [India] Sept 9 (ANI/BusinessWire India): When it comes to leveraging the latest technology, the world of finance is not far behind. Today, it is possible to read up about loans, learn the eligibility criteria, avail the financing you ne ... read..


NBFCs and HFCs to face growth headwinds along with continued funding challenges
Mumbai (Maharashtra) | September 9, 2019 6:11:28 PM IST
India Ratings and Research (Ind-Ra) on Monday revised its sector outlook on non-banking finance companies (NBFCs) to negative from stable and maintained its negative outlook on large ticket housing finance companies (HFCs). ... read..


Bajaj Housing Finance lowers home loan interest rates to 8.6 pc
New Delhi | September 9, 2019 5:11:41 PM IST
Bajaj Housing Finance on Monday lowered home loan interest rates to 8.6 per cent from 8.8 per cent for amounts up to Rs 30 lakh. ... read..


Nifty settles above 11,000 mark, banking stocks gain
Mumbai (Maharashtra) | September 9, 2019 4:41:30 PM IST
Equity benchmark indices traded in the green on Monday amid positive gains in global markets and an uptick in banking and financial stocks. ... read..


Sensex down 175 points after opening flat
Mumbai | Monday, 2019 3:45:05 PM IST
The Sensex on Monday fell by 175 points during the early trade after it opened marginally lower. ... read..


Infosys collaborates with Microsoft to enable digital transformation for Philippines-based JG Summit Holdings
Bengaluru (Karnataka) | September 9, 2019 3:11:29 PM IST
Digital services and consulting major Infosys in collaboration with Microsoft on Monday announced a long-term strategic partnership with JG Summit Holdings Inc, one of the largest and most diversified conglomerates headquartered at Manila in the Philippin ... read..


Ashok Leyland to observe non-working days at five manufacturing plants
Chennai (Tamil Nadu) | September 9, 2019 2:41:35 PM IST
Commercial vehicle manufacturer Ashok Leyland announced on Monday that five of its plants will observe non-working days during September due to continuing weak demand for its products. ... read..


Avantika University, India's first design-centred university will now create fashion designers
| September 9, 2019 2:41:25 PM IST
Ujjain (Madhya Pradesh) [India] Sept 09 (ANI/NewsVoir): Avantika University is one of the pioneer universities of India. Situated in Ujjain in the state of Madhya Pradesh, Avantika is the first and only design-centric university of the country. ... read..


Automobile sales plunge over 31 pc in August, slide continues for 10th straight month: SIAM
New Delhi | September 9, 2019 2:11:41 PM IST
Domestic passenger vehicle sales skidded for the 10th consecutive month, falling from 287,198 units in August last year to 196,524 units last month and registering a 31.57 per cent decline. ... read..


Breaking the concrete ceiling with Gera's Misty Waters - The first project built by an all-women team
| September 9, 2019 2:11:38 PM IST
Pune (Maharashtra) [India] Sept 09 (ANI/BusinessWire India): Gera Developments Pvt. Ltd., pioneers of real estate and the award-winning creators of premium residential and commercial projects in Pune, Goa and Bengaluru, today commenced the handing over pr ... read..


ORRA launches ASTRA diamond necklaces, priced at Rs 99,999 only
| September 9, 2019 2:11:26 PM IST
Mumbai (Maharashtra) [India] Sept 09 (ANI/BusinessWire India): ORRA introduces the ASTRA diamond necklace collection at Rs 99,999/- only - an attractive price point affordable to every woman aspiring to own a diamond necklace. ... read..


Himanshu Khanna joins Resulticks as Director of Sales, India (West)
| September 9, 2019 1:11:30 PM IST
Mumbai (Maharashtra) [India] Sept 09 (ANI/NewsVoir): Real-time omnichannel marketing solutions provider Resulticks has announced the appointment of Himanshu Khanna as its Director of Sales, India (West). ... read..


Equity indices erase morning losses, private banks gain
Mumbai (Maharashtra) | September 9, 2019 12:41:29 PM IST
Equity benchmark indices reversed early morning losses and drifted into the green zone around noon on Monday amid positive Asian cues. ... read..


Here's why NRIs should consider investing in the Bajaj Finance Fixed Deposit
| September 9, 2019 11:41:27 AM IST
Pune (Maharashtra) [India] Sept 09 (ANI/BusinessWire India): Non-Resident Indians (NRIs) who wish to have a savings account or a fixed deposit account in India cannot open standard savings account like Indian residents. If you opened a savings account bef ... read..


Slowing economic growth is credit negative for Indian auto ABS: Moody's
| September 9, 2019 11:11:34 AM IST
The slowdown in the Indian economy is credit negative for auto asset-backed securities (ABS) backed by commercial vehicle loans because the performance of such loans is highly correlated to economic conditions, according to Moody's Analytics credit outloo ... read..


SBI reduces MCLR and interest rates on time deposits across all maturities
Mumbai (Maharashtra) | September 9, 2019 11:11:29 AM IST
The country's largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all tenors. ... read..


Equity indices in negative zone, auto and metal stocks falter
Mumbai (Maharashtra) | September 9, 2019 10:41:34 AM IST
Equity benchmark indices were in the negative territory during early hours on Monday, dragged by a substantial fall in auto and metal stocks, despite their Asian peers showing gains. ... read..


Finance panel raises concern on Rajasthan civic bodies
New Delhi | Monday, 2019 3:15:05 AM IST
The 15th Finance Commission on Sunday expressed concern over the accountability mechanism and financial reporting of Panchayati Raj Institutions (PRIs) and Urban Local Bodies (ULBs) in Rajasthan. ... read..


'Response to Sabka Vishwas amnesty scheme encouraging'
New Delhi | Monday, 2019 2:15:05 AM IST
Initial trends suggest success of the amnesty scheme for legacy cases pertaining to excise and service taxes. As many as 375 applications have been filed under Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 that kicked in this month. ... read..


100 days of Modinomics 2.0: Battling slowdown
New Delhi | Monday, 2019 1:45:05 AM IST
When the Modi government stormed back to power in May, the stock market was the first to react. Both the Sensex and Nifty scaled lifetime highs in expectation that a stable government will soon result in quick fixes for the economy losing steam, but the f ... read..


Punjab farmers to attend crop residue management meet
Chandigarh | Monday, 2019 1:15:05 AM IST
Four hundred farmers from Punjab will participate in the national conference on crop residue management in New Delhi on Monday. ... read..


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