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Source: Business Standard 2 min read Last Updated : Oct 08 2024 | 1:48 PM IST PSP Projects shares gain: Shares of construction company PSP Projects gained up to 5.47 per cent to hit an intraday high of Rs 667 per share. The uptick in PSP Projects share price came after the company announced…
Source: Business Standard The new guidelines have been issued after stakeholder conversations for over six months. | Imaging: Ajay Mohanty 2 min read Last Updated : Oct 08 2024 | 4:58 PM IST The microfinance industry’s self-regulatory body MFIN on Tuesday announced that it has tightened loan underwriting guidelines for its members amid concerns…
Source: Business Standard SEBI(Photo: Shutterstock) 2 min read Last Updated : Oct 08 2024 | 11:09 PM IST Newly-constituted parliamentary standing committee on finance on Tuesday said it will ask top officials of Securities and Exchange Board of India (Sebi) to appear before it as the panel, in its first meeting, decided to review…
Source: Business Standard 2 min read Last Updated : Oct 08 2024 | 6:30 PM IST Microfinance Industry Network (MFIN), the self-regulatory organisation for the microfinance sector, will review the compliance of its members with norms that restrict the number of lenders per borrower to four, and limit total microfinance indebtedness to Rs 2…
Source: Business Standard 2 min read Last Updated : Oct 08 2024 | 11:25 PM IST Amid a massive selloff by foreign portfolio investors (FPIs), domestic institutional investors (DIIs) — comprising mutual funds (MFs) and insurance companies —have stepped up their purchases this month. In a show of strength, DIIs have made their three…
Source: Business Standard 3 min read Last Updated : Oct 08 2024 | 10:54 PM IST Non-life insurers have reported a 6.53 per cent year-on-year (YoY) drop in premiums in September, owing to underperformance of state-owned general insurers, slowdown in auto sales impacting motor insurance segment, and weak performance in the crop insurance segment….
Source: Business Standard The dollar index, which measures the U.S. currency against major rivals, slipped 0.2% to 102.31. 4 min read Last Updated : Oct 08 2024 | 4:11 PM IST The dollar eased from near seven-week highs against major currencies on Tuesday after investors assessed the outlook for U.S. rate cuts, even as…
Source: Business Standard Photo Credit: Ruby Sharma 3 min read Last Updated : Oct 08 2024 | 8:49 PM IST The state-owned Life Insurance Corporation (LIC) of India has reduced the first-year agent commission from 35 per cent to 28 per cent following the revision of surrender value norms, sources familiar with the development…
Source: Business Standard 2 min read Last Updated : Oct 08 2024 | 8:05 PM IST A raft of regulatory measures by the Securities and Exchange Board of India (Sebi) is expected to hit the profitability of brokerages, particularly those operating the discount model. The estimated hit could be around 25 per cent…
Source: Business Standard Each unit will guarantee the obligations of the others, while covenants attached to the bond issue will be set on an aggregate basis, according to a note by Fitch Ratings. Image: Bloomberg 3 min read Last Updated : Oct 08 2024 | 9:13 PM IST Four subsidiaries of India’s Adani Green…
