Finance Friday

Yes Bank has launched a new imitative to strengthen the MSME sector in India, the YES MSME. The Mumbai-based private sector bank Yes Bank Limited has launched a new initiative to strengthen the Micro, Small and Medium Enterprises (MSME)…

The Currency in Circulation (CIC) has increased by 22% in 2020, as compared to the volume recorded in 2019. RBI has released important data, informing the growth in currency circulation by Rs 5,01,405 crore in a year’s time, between…

Government introduces the new Rule 86B in GST Rules, as per which businesses will no longer be allowed to make use of input tax credit for discharging GST liability to 99%. In order to curb tax evasion by faking invoices, the Central…

No Brokers Required! SEBI Will Soon Allow You To Directly Invest In BSE, NSE Without Any Broker According to a report published by HDFC Securities in March 2019, the Indian online trading industry took a quick rise. The trading…

Supreme Court Scolds RBI For Charging Interest On EMI, Loan Moratorium; 2 Lakh Cr Income For Banks? The Reserve Bank of India’s on March 27 passed a circular, permitting all the lending institutions to allow a three moratorium period on…

Online Payment Gateways Banned From Asking Your ATM PINs; RBI Will Now Regulate Paytm, MobiKwik (New Rules) The threats of online fraud and money laundering have no end. Amidst the whole pandemic situation going around the globe, the…

Govt. Aims To Make UPI Transactions Free For All: Can This Impact Google Pay, Paytm? Remember just some time back we informed you about the government’s decision to not charge any MDR charges on transactions done via UPI and RuPay…

Private Banks In India Have 8.6 Lakh Officers Compared To Just 3.6 Lakh Clerks! (Find Out The Reason Why) There is a schematic change in the banking sector today, as compared to just few years back. Right from digital adaptations to ATM…

Buy EV Vehicle, and save upto Rs 2.5 lakh in income taxes The Finance Minister Nirmala Sitharaman in her maiden Budget 2019 speech, made some significant announcements, aiming to boost up the manufacture and purchase of electric…

Amazon, Yahoo and Google, three of the biggest web based companies reported their Q4 2013 earnings report this week. Yahoo and Amazon failed to cheer up the Wall Street; despite increased revenues, their profit per share dropped in this…

In the United States, it is customary to sign-up for credit cards online and even get the approval instantaneously. They have a very structured way of assessing Individuals’ creditworthiness as everything is tied back to their Social…

Not all of us are informed and aware of the terms that are used in a home loan or how a home loan will affect our lives in the future. People who are not from a finance background may not even understand some of the most basic home loan…

No longer are credit cards limited to the high income bracket population in India. The Indian population is now amassing credit card debts and 'reward point' strategies of banks. If you have a credit card debt in India, here are a few tips…

I paraphrase Lord Rothschild: ‘The time to buy is when there's blood on the streets.’ The strongly-held belief that the worse things seem in the market, the better the opportunities are for profit generation, forms the foundation for…

The buzzword in stock market today is Microfinance entering Capital markets. SKS Microfinance is going to raise Rs. 163 Crore through its IPO which is in news for few weeks. The Hyderabad based institution will be priced at Rs. 985 per…

Our last post ‘Green Investments for Green Future’ spoke about Green/Clean Technology being one of the fastest growing sectors. With increasing Government support and growing public awareness and interest in eco-friendly products, these…

Ring! Ring! Didn’t hear it? Worry not; you will hear it ringing louder as the telecom sector is up for re-rating on the back of brokerage up gradation. First, a look at the telecom stocks on the Indian bourses: Date: July 9, 2010 -…

The 2008 recession has turned the global currency picture upside down. The impact of the slowdown has been felt harder on the advanced economies such as the US, UK and Europe, leading to substantial drain in their currency strength and…

On April 2, we had posted under this very section of Friday Finance, regarding India’s first ever IDR issue by Standard Chartered Bank aiming to raise anywhere between $500-750 million through issue of 24 crore IDRs. Every 10 IDR will be…

Isn’t rebound equal to the recovery? Not really! Read on… The rebound in the market valuations in the global markets in 2009 has not turned out to be an all-inclusive recovery around the sphere. Despite impressive gains registered during…