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Reserve Bank of India stumbles on 1,000 illegal mobile lending apps
The working group formed by the Reserve Bank of India (RBI) to study aspects of digital lending activities by regulated as well as un-regulated players, has listed out over 1,000 illegal mobile lending apps that are busy wooing hapless customers stuck in urgent need of cash. “We do not know how many mobile app-based lending companies are […]
Anto T JosephJanuary 26, 2021/8:31 AM IST -
ESIC scheme adds 9.33 lakh new members in November
New Delhi: Around 9.33 lakh new members joined the ESIC-run social security scheme in November against 11.99 lakh in the previous month. The latest data is part of a report released by the National Statistical Office (NSO). Gross new enrolments with the Employees’ State Insurance Corporation (ESIC) were 8.87 lakh in June, 4.89 lakh in […]
Press Trust of IndiaJanuary 26, 2021/8:23 AM IST -
TCS surpasses Reliance Industries to become most valued firm on BSE
IT major Tata Consultancy Services (TCS) on Monday surpassed energy-to-telecom behemoth Reliance Industries (RIL) yet again to become the most valued firm by market capitalisation on the BSE. At the close of trade, the market capitalisation (mcap) of TCS was at Rs 12,34,609.62 crore, which is Rs 4,948.30 crore higher than that of RIL’s Rs […]
Money9January 26, 2021/8:02 AM IST -
Want to invest in equities? Amisha Vora of Prabhudas Lilladher has this to say
Last year was an unprecedented year in many ways with the NSE Nifty first nosediving to the lows of 7,500 and then registering a dramatic recovery. The rally, which extended to the New Year, is showing the first signs of fatigue, according to some experts. So, should you pull out your profits or is there […]
Sakshi BatraJanuary 25, 2021/3:52 PM IST -
Avanti Finance secures Rs 15 crore from Dell Foundation, to provide affordable loans to small businesses
Mumbai: Avanti Finance, an NBFC founded by Ratan Tata, Vijay Kelkar and Nandan Nilekani, has tied up with the Michael & Susan Dell Foundation to provide affordable loans to the pandemic-hit small businesses. Under the collaboration, the Dell Foundation will provide low-cost Rs 15 crore debt to Avanti, which the NBFC will use to provide […]
Press Trust of IndiaJanuary 25, 2021/3:30 PM IST -
Moves in poll-bound Assam may spike asset-quality pain for sector: Crisil
Kolkata: A Bill passed by the Assam assembly to control the microfinance industry in the state has the potential to increase asset-quality challenges for the sector, according to rating agency Crisil. On top of that, if any loan waiver scheme was announced, it would make matters worse due to the potential impact of the moves […]
Press Trust of IndiaJanuary 25, 2021/3:07 PM IST -
Reserve Bank of India refutes reports of withdrawal of old Rs 100, Rs 10 and Rs 5 notes
Mumbai: The Reserve Bank of India (RBI) has refuted reports of withdrawal of old series of Rs 100, Rs 10 and Rs 5 currency notes. “With regard to reports in certain sections of media on withdrawal of old series of Rs 100, Rs 10 & Rs 5 banknotes from circulation in near future, it is […]
Press Trust of IndiaJanuary 25, 2021/2:53 PM IST -
Here’s how housewives can manage their finances more efficiently
Remember the time when demonetisation happened? We got to know some new places in our homes where our moms had consciously kept aside some money, probably for the unforeseen emergencies. Well, one thing is clear, post-demonetization, homemakers started keeping their money in the bank account, at least. To be financially independent is the greatest pleasure […]
Hemanshi TewariJanuary 25, 2021/2:29 PM IST -
Here are three Personal Finance lessons that restaurateur Ashish Kapoor swears by
Indians share a unique and authentic relationship with food. I’m sure most of us, at some point in life, have dreamt of owning a restaurant that served our favorite delicacies. Restaurateur Ashish Kapoor shares a similar passion for food. But unlike most of us, he converted this passion into a mouth watering reality. Kapoor is […]
Noopur PraveenJanuary 25, 2021/2:13 PM IST
