CashNews.co Countries could use next week’s UN meetings in New York to resolve big differences over boosting the world’s annual goal for climate financebut uncertainty over the US election could jeopardize progress ahead of the next UN climate summit in November. Negotiators told Reuters that countries were reluctant to stake out their positions before knowing […]
The US Fed rate cut effect: Foreign investors splurge on Indian shares on Day 2 #IndiaFinance
CashNews.co Foreign investors upped the ante in Indian markets on the second day after the US Federal Reserve’s larger-than-expected interest rate cut, catapulting the benchmark Nifty 50 and Sensex indices to fresh highs. To be sure, part of the ₹14,000 crore provisional buying by foreign institutional investors on Friday was due to index provider FTSE’s […]
India bailout for Maldives lessens default fear #IndiaFinance
CashNews.co Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. India has given the Maldives a bailout that will help the island nation avoid an unprecedented sovereign default on an Islamic form of debt next month. India’s biggest state-owned bank agreed to lend another […]
Dhingra says CPI has been on downward trajectory for some time #IndiaFinance
CashNews.co “Bank Rate needed to become less restrictive now to enable a smooth and gradual transition in the policy stance, and to account for lags in transmission. CPI inflation had been on a firm downward trajectory for some time. Data developments remained consistent with CPI inflation staying sustainably at target, given the further easing in […]
NBFC Aye Finance raises $30 million in series G round led by ABC Impact | Company News #IndiaFinance
CashNews.co The company operates a network of 478 branches across the country. Illustration: Ajay Mohanty 2 min read Last Updated : Sep 20 2024 | 2:48 PM IS Aye Finance, a non-banking financial company (NBFC), raised $30 million on Friday in a Series G round led by Singapore’s ABC Impact, an impact investor backed […]
Indian Railway Finance Corporation share are up by 4.12%, Nifty up by 1.06% #IndiaFinance
CashNews.co Indian Railway Finance Corporation Share Price Today on : At 20 Sep 12:00 today, Indian Railway Finance Corporation shares are trading at price ₹161.6, 4.12% up from the previous closing price. Sensex is trading at ₹84148.25, up by 1.16%. The stock has hit a high of ₹163.4 and a low of ₹154.55 during the […]
EQT to acquire 100% stake in Indostar Home Finance for Rs 1,750 crore | Company News #IndiaFinance
CashNews.co EQT’s acquisition comes as India’s housing finance sector continues to grow. 2 min read Last Updated : Sep 20 2024 | 10:51 AM IS EQT’s BPEA Mid-Market Growth Partnership fund has agreed to acquire a 100 per cent stake in Indostar Home Finance, an Indian affordable housing finance company, for Rs 1,750 crore, […]
India’s Das Tames Volatile Rupee With $689 Billion Reserves #IndiaFinance
CashNews.co (Bloomberg) — India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee while allowing it to drift lower to aid Prime Minister Narendra Modi’s export ambitions. Most Read from Bloomberg The Reserve Bank of India’s foreign-exchange reserves have swelled to almost $700 billion in […]
EQT to acquire Indostar Home Finance, an Indian affordable housing finance company, for INR 17.5 billion (USD 210 million) and invest INR 5 billion to support further growth #IndiaFinance
CashNews.co Indostar Home Finance is a fast-growing affordable housing finance company with INR 24 billion (USD 286 million) in assets under management, that has supported over 39,000 low income homeowners and small businesses India’s INR 30 trillion housing finance market presents a multi-decade growth story driven by strong government support, […]
FATF praises India’s anti-money laundering, terror financing system #IndiaFinance
CashNews.co The Financial Action Task Force said improvements in the system were required to protect the non-profit sector from terror abuse. File | Photo Credit: Reuters The Financial Action Task Force (FATF), following the release of its mutual evaluation report of India on Thursday (September 19, 2024), said the country had achieved a high level […]