Posts in category All News
With $441 mn, Crypto funds witness inflows for first time in a month (08-07-2024)
Crypto digital asset products saw inflows totaling $441 million in the week ended July 5, CoinShares International Ltd. data show, a significant rebound from the $39 million in outflows the week prior
Cosmo Films – Diffentiated player in commodity business (08-07-2024)
I generally follow the prices published by Jindal Poly. The link is JPFL Films: Price List If there is a better source, please suggest. Disclosuree: Invested. Views Biased.
RBI cancels registration for 2 NBFCs, cites irregular lending practices (08-07-2024)
The Reserve Bank on Monday said it has cancelled the certificates of registration of two NBFCs -- Star Finserv India and Polytex India -- due to irregular lending practices.
Hyderabad-based Star Finserv India was offering the service under 'Progcap' (owned and operated by Desiderata Impact Ventures Private Limited).
Polytex India, headquartered in Mumbai, was providing services under the 'Z2P' mobile application (owned and operated by Zaitech Technologies Private Limited).
Giving reasons for cancelling the Certificate of Registration (CoR) of Star Finserv, RBI said the company has violated guidelines on the code of conduct in outsourcing financial services in its digital lending operations by outsourcing its core decision-making functions, such as credit appraisal, loan sanctioning as well as KYC verification process to the service provider.
Star Finserv has violated RBI guidelines on data confidentiality and security of customer information by providing complete access to customer
Sebi puts SK Finance’s Rs 2,200 cr IPO in abeyance, no reasons disclosed (08-07-2024)
Jaipur-based lender had filed its preliminary papers with the capital markets regulator in May this year
Ahead of Market: 10 things that will decide D-Street action on Tuesday (08-07-2024)
Nifty concluded Monday's session on a neutral note, forming a Doji pattern on the daily charts. This indicates hesitation among investors, with neither bulls nor bears gaining a clear advantage. Despite this pause, the short-term trend remains positive.
TN’s iconic A2B chain dishes up an ambitious growth plan (08-07-2024)
The humble sweet chain that has grown into a ₹1,400-cr restaurant empire is hungrily eyeing an IPO
Banks turn cautious on lending to smaller microfin cos (08-07-2024)
Commercial banks have turned cautious in lending to smaller microfinance institutions (MFIs), which has compelled the latter to borrow from non-banking financial companies (NBFCs) at much higher rates. Recently Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao slammed micro lenders for increasing their margins "disproportionately" and said these lenders were quick to pass on the increased cost to the borrowers but reluctant to pass on the benefits under the new regime, where margins are not capped.
Jupiter Wagons sets QIP floor price at Rs 689.47/ share (08-07-2024)
This railway stock has skyrocketed 319% in the past year, significantly surpassing the Nifty's 25% gain during the same period. The stock's impressive performance has continued into 2024, with a 126% return so far.