CashNews.co New Delhi [India]September 13 (ANI): The U.S. International Development Finance Corporation has announced new investments of USD 70 million in India’s private sector. According to a statement by the U.S. International Development Finance Corporation (DFC) on Thursday, these investments aim to advance key priorities of the U.S. and Indian governments, including strengthening health systems–particularly […]
CashNews.co TOKYO — Japan’s Mitsubishi UFJ Financial Group will halt talks on acquiring shares in a nonbank financial company under India’s HDFC Bank after an apparent failure to agree on the terms of a deal, Nikkei has learned. Japan’s largest financial group had proposed investing 200 billion to 300 billion yen ($1.4 billion to $2.1 […]
CashNews.co SINGAPORE (Reuters) – India’s growth potential is 7.5% or more, the country’s central bank chief said on Friday, which is a little above the bank’s full-year forecast for 2024 of 7.2%. “I think India’s potential growth today … is about seven-and-a-half-percent-plus,” Reserve Bank of India Governor Shaktikanta Das said at the Bretton Woods Committee’s […]
CashNews.co With Western countries’ international standing declining in the developing world, China is capitalising on its dominance of the renewable energy supply chain and strengthening ties with emerging markets on climate finance. However, India is also set to benefit from geopolitical and economic shifts to become a key player in clean energy and technology. So […]
CashNews.co New Delhi: India is the place to invest for those looking to diversify or get out of countries that don’t share the values of the United States, Eric Garcetti, the US Ambassador to India, said, as he hailed the south Asian nation’s democracy and its rapidly growing economy. He was replying to a question […]
CashNews.co The Bajaj Housing Finance IPO has exploded in popularity on Google search, topping trends on Thursday morning. Search interest for the Rs 6,560-crore initial public offering surged by 300% in just three hours, reflecting massive public intrigue. The IPO, which closed on Wednesday, attracted an unprecedented response with 88.94 lakh applications totaling Rs 3.24 […]
CashNews.co The IPO season has been buzzing this year, and Bajaj Housing Finance’s public offering has become the hottest ticket in town. Both big and small, investors rushed in to grab their share of this Rs 6,560-crore IPO, which has attracted a whopping Rs 3.2 lakh crore in bids. To put that in perspective, the […]
CashNews.co Sep 12, 2024 11:32 AM IST Institutional bids for Bajaj Housing’s shares exceeded 200 times the allocation, reflecting strong market demand. The home-loan unit of India’s largest shadow lender drew a blockbuster response for its share-sale debut, highlighting continued investor exuberance over listings in the nation. Bajaj Housing Finance’s IPO draws massive investor interest, […]
CashNews.co Woori Bank’s Pune branch South Korea’s Woori Bank announced on Thursday that It has opened additional branches in Pune and Ahmedabad, India. These are the bank’s fourth and fifth local branches, following branches in Chennai, Gurgaon and Mumbai. The Pune branch in the central Indian state of Maharashtra will focus on providing financing to Korean-owned and local […]
CashNews.co Sitharaman-led GST Council has a key task now to develop a long-term vision for tax Sep 11, 2024, 10:07 PM IST GST Council’s 54th meeting addressed industry concerns by rationalizing GST rates, providing exemptions, and clarifying laws to avoid litigation. New GoMs were formed to tackle critical issues. The introduction of e-invoicing for B2C […]