Equitas Small Finance Bank to raise Rs 1,000cr, BFSI News, ET BFSI

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New Delhi, Oct 18 (PTI) Equitas Small Finance Bank (SFB) on Monday said it will raise up to Rs 1,000 crore through a QIP in order to fulfil the regulatory norms regarding minimum public shareholding. “The board of directors in the meeting today has approved meeting the minimum public shareholding (MPS) requirements stipulated by Sebi by raising a sum not exceeding Rs 1,000 crore (including premium) through Qualified Institutions Placement (QIP),” Equitas SFB said in a regulatory filing.

As per the Sebi norms under Issue of Capital and Disclosure Requirements (ICDR), the SFB is also required to obtain shareholders‘ approval for meeting the MPS requirement. As per data on BSE, the promoter and promoter group have 81.75 per cent stake in Equitas SFB as on June 30, 2021. While the remaining 18.25 per cent is public shareholding.

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CoinDCX ropes Ayushmann Khurrana for its latest campaign

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Cryptocurrency exchange CoinDCX on Monday announced that it has signed actor Ayushmann Khurana as the face for its latest campaign ‘Future Yahi Hain’. The drive is launched to address key concerns surrounding crypto investments amongst the Indian audience.

The kickoff ad to be released during the festive season will feature the actor taking a humorous yet informative approach on crypto, busting myths around the subject.

Ramalingam Subramanian, Head of Brand, Marketing and Communications, CoinDCX said, “Ayushmann has always come across as being a friendly and credible personality who has a knack for connecting with both younger and older generations with his exemplary work. Our focus during this campaign will be to dispel the various myths surrounding crypto-based investing and breaking down the simple steps needed to enable anyone to start their crypto investment journey. We are delighted with our association with Ayushmann and look forward to a great association with one of India’s most-loved celebrities.”

“I’m delighted to be associated with CoinDCX’s ‘Future Yahi Hai’ Campaign which, in the truest sense, is an initiative to raise awareness about the rising asset class of crypto-based investments. I’m impressed with CoinDCX’s persistent endeavour to guide investors towards making educated and smart investments after thorough research,” Khurrana said.

With a career spanning over nearly decades Khurrana has proved to be quite a role model for regular Indians as a true achiever who’s known to be talented across spectrum of acting, singing, writing and television hosting.

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Nomura India Business Resumption Index rises to an all-time high

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The Nomura India Business Resumption Index rose to an all-time high of 108.8 for the week ending October 17 from 105 in the prior week (pre-pandemic level=100), with a broad-based rise across most sub-components.

Mobility indices rose sharply ahead of the festive season. The Apple driving index jumped 14.1 percentage points (pp) over the week, while Google workplace and retail & recreation indices rose by 2.7 pp and 3.1 pp, respectively.

The labour participation rate rose to 41.6 per cent from 40.4 per cent, while power demand fell 1.7 per cent w-o-w (sa) after rising 0.3 per cent in the prior week.

Pace of vaccination falls

The pace of vaccination has fallen in October, but India will cross the milestone of administering one billion vaccine doses this week. About 20.5 per cent of the population is fully vaccinated and 50.4 per cent have received at least one dose, which is enabling reopening and has boosted mobility. With domestic flights allowed to operate at full capacity from today, the transportation sector should get a further boost.

“Even as demand is recovering, supply bottlenecks have emerged as a bigger constraint. Coal shortages are resulting in supply disruptions to non-power customers, while chip shortages have hurt passenger vehicle sales during the festive season. As supply struggles to tango with demand, we see higher inflation as a bigger risk,” Nomura said

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List of Navratna Companies In India 2021

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Bharat Electronics Limited

BEL was founded in 1954 in partnership with CSF, France (now Thales) to manufacture basic communication equipment. BEL now manufactures a wide range of cutting-edge equipment in fields such as Defence Communication, Radars, Naval Systems, C4I Systems, Weapon Systems, Homeland Security, Telecom & Broadcast Systems, Electronic Warfare, Tank Electronics, Electro-Optics, Professional Electronic Components, and Solar Photovoltaic Systems.

Bharat Electronics Ltd., founded in 1954, is a Large Cap business in the Defence sector with a market capitalization of Rs 51,302.46 crore. The stock returned 141.32 percent over three years, compared to 73.72 percent for the Nifty 100 index.

Container Corporation of India

Container Corporation of India

The Indian Railways, Ministry of Railways, Government of India owns Container Corporation of India Limited. CONCOR was founded in March 1988 under the Companies Act and began operations in November 1989, taking over Indian Railways’ existing network of seven inland container facilities. The stock returned 40.04 percent over three years, compared to 73.72 percent for the Nifty 100.

Engineers India Limited

Engineers India Limited (EIL) is a government-owned company. It is owned by the Indian government’s Ministry of Petroleum and Natural Gas. It was founded in 1965 to serve petroleum refineries and other industrial enterprises with engineering and related technical services.

Since the last five years, this company has had no debt. The stock returned -33.66 percent over three years, compared to 89.74 percent for the Nifty Smallcap 100. Engineers India Ltd., founded in 1965, is a Mid Cap business in the Services sector with a market capitalization of Rs 4,375.50 crore.

Hindustan Aeronautics Limited

Hindustan Aeronautics Limited

Hindustan Aeronautics Limited, located in Bengaluru, India, is an Indian state-owned aerospace and defence firm. HAL, which was founded on December 23, 1940, is one of the world’s oldest and largest aerospace and defence companies. The company saw a quarterly sales decline of 83.75 percent, the lowest in the prior three years. Stock returned 82.78 percent over three years, compared to 73.72 percent for the Nifty 100 index. Hindustan Aeronautics Ltd., founded in 1963, is a Large Cap firm in the Defence sector with a market capitalization of Rs 48,277.20 crore.

Mahanagar Telephone Nigam Limited

Bharat Sanchar Nigam Limited owns Mahanagar Telephone Nigam Limited, d/b/a MTNL, which is headquartered in New Delhi, India. MTNL operates in India’s metro cities of Mumbai and New Delhi, as well as the African island nation of Mauritius. For the fourth quarter in a row, the company has lost Rs 688.7 crore. The stock returned 41.79 percent over three years, compared to 89.74 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned 41.79 percent, whereas the S&P BSE Telecom provided investors an 83.5 percent gain. It was founded in 1986 and is a Telecommunications Small Cap company with a market capitalization of Rs 1,250.55 crore.

National Aluminium Company Limited

National Aluminium Company Limited

NALCO (National Aluminium Corporation Limited) is a government-owned company with integrated and diversified operations in mining, metals, and power. It is owned by the Ministry of Mines of India. National Aluminium Business Ltd., founded in 1981, is a Mid Cap company in the Metals – Non Ferrous sector with a market capitalization of Rs 19,762.16 crore. The government of India currently owns 51.5 percent of NALCO. In the fiscal year ended March 31, 2021, the company generated a return on equity of 12.16 percent, surpassing its five-year average of 9.99 percent. The stock returned 61.32 percent over three years, compared to 92.3 percent for the Nifty Midcap 100.

NBCC (India) Limited

The Indian government firm NBCC (India) Limited is a blue-chip company. It is owned by the Indian government’s Ministry of Housing and Urban Affairs. Since the last five years, the company has had no debt. The stock returned -10.69 percent over three years, compared to 92.3 percent for the Nifty Midcap 100. Over a three-year period, the stock returned -10.69 percent, compared to S&P BSE Industrials, which returned 92.84 percent. NBCC (India) Ltd., founded in 1960, is a construction-related Mid Cap company with a market capitalization of Rs 8,721.00 crore.

NMDC Limited

NMDC Limited

NMDC Limited is a mineral producer controlled by the government. The Ministry of Steel, Government of India, has administrative jurisdiction over it. Iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and other minerals are all explored. In the fiscal year ended March 31, 2021, the company generated a ROE of 21.0 percent, surpassing its five-year average of 15.94 percent. Annual sales growth of 28.72 percent surpassed the company’s three-year CAGR of 8.91 percent. The stock returned 36.01 percent over three years, compared to 73.72 percent for the Nifty 100.

NLC India Limited

NLC India Limited is a Navratna government of India firm that operates in the fossil fuel mining and thermal power production sectors in India. In the last five years, the company’s ROE has been steadily falling. The majority of profits were distributed as dividends to stockholders last year. The stock returned -8.2 percent over three years, compared to 92.3 percent for the Nifty Midcap 100. NLC India Ltd., founded in 1956, is a Mid Cap business in the Power sector with a market capitalization of Rs 10,788.03 crore.

Oil India Limited

Oil India Limited

Oil India Limited is the government’s second-largest hydrocarbon exploration and production company. It is owned by the Indian government’s Ministry of Petroleum and Natural Gas, with its operational headquarters in Duliajan, Assam. In the fiscal year ended March 31, 2021, the company generated an ROE of 14.9 percent, surpassing its five-year average of 10.65 percent. Annual sales growth of 77.13 percent surpassed the company’s three-year CAGR of 26.01 percent.

Power Finance Corporation Limited

The Ministry of Power, Government of India, owns Power Finance Corporation Ltd., an Indian financial institution. It is the financial backbone of the Indian power sector, having been established in 1986. PFC has a net worth of INR 383 billion as of September 30, 2018. The stock returned 81.54 percent over three years, compared to 73.72 percent for the Nifty 100 index. Power Finance Corporation Ltd., founded in 1986, is a Large Cap firm in the Term Lending Institutions sector with a market cap of Rs 39,324.01 crore.

Rashtriya Ispat Nigam Limited

Rashtriya Ispat Nigam Limited

Vizag Steel, also known as Rashtriya Ispat Nigam Ltd, is a government-owned steel producer situated in Visakhapatnam, India. It is owned by the Ministry of Steel of the Government of India. It is the country’s first shore-based Integrated Steel Plant, and it is known for producing high-quality goods that satisfy customers.

It is the global leader in long goods and serves a wide range of industrial sectors.

Rural Electrification Corporation Limited

In India’s power industry, REC Limited, originally Rural Electrification Corporation Limited, is a public Infrastructure Finance Company. The firm is a government-owned corporation that finances and promotes power projects throughout India. The stock returned 59.26 percent over three years, compared to 92.3 percent for the Nifty Midcap 100. REC Ltd., founded in 1969, is a Large Cap firm in the Term Lending Institutions sector with a market capitalization of Rs 32,536.77 crore.

Shipping Corporation of India Limited

Shipping Corporation of India Limited

The Shipping Corporation of India is a government-owned company in India. It runs and manages vessels that service both national and international lines and is managed by the Ministry of Shipping, Government of India, with headquarters in Mumbai, Maharashtra, India. Sales have decreased by 17.98%. For the first time in three years, the company’s revenue has decreased. The stock returned 226.06 percent over three years, compared to 92.3 percent for the Nifty Midcap 100. Shipping Corporation of India Ltd., founded in 1950, is a Mid Cap company in the Shipping industry with a market capitalization of Rs 6,614.35 crore.

List Of Navratna Companies In India 2021

List Of Navratna Companies In India 2021

Navratna Companies Price in Rs. PE ratio
Bharat Electronics 217.65 25.62
Container Corporation of India 686.30 59.57
Engineers India 79.15 24.30
Hindustan Aeronautics 1,484.10 15.11
Mahanagar Telephone Nigam 19.85
National Aluminium Company 123.20 14.06
NBCC 49.55 35.38
NMDC 157.80 5.00
Oil India Limited 238.95 5.69
Power Finance Corporation 150.95 3.18
Rural Electrification Corporation 165.55 3.71
Shipping Corporation of India 142.50 12.82
NLC India 77.40 8.57

List Of Navratna Companies In India 2021

List Of Navratna Companies In India 2021

Please note investing in stocks is subject to market risks and one needs to be cautious at this point of time as markets have gone-up sharply. This article is only for information purposes. Neither the author, nor Greynium Information Technologies Pvt Ltd would be responsible for losses incurred based on a decision made.



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Reserve Bank of India – Press Releases

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(Amount in ₹ crore, Rate in Per cent)

  Volume
(One Leg)
Weighted
Average Rate
Range
A. Overnight Segment (I+II+III+IV) 0.00
     I. Call Money 0.00
     II. Triparty Repo 0.00
     III. Market Repo 0.00
     IV. Repo in Corporate Bond 0.00
B. Term Segment      
     I. Notice Money** 0.00
     II. Term Money@@ 0.00
     III. Triparty Repo 0.00
     IV. Market Repo 0.00
     V. Repo in Corporate Bond 0.00
  Auction Date Tenor (Days) Maturity Date Amount Current Rate /
Cut off Rate
C. Liquidity Adjustment Facility (LAF) & Marginal Standing Facility (MSF)
I. Today’s Operations
1. Fixed Rate          
     (i) Repo          
    (ii) Reverse Repo Sun, 17/10/2021 1 Mon, 18/10/2021 5,311.00 3.35
    (iii) Special Reverse Repo~          
    (iv) Special Reverse Repoψ          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF Sun, 17/10/2021 1 Mon, 18/10/2021 8.00 4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
5. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*
      -5,303.00  
II. Outstanding Operations
1. Fixed Rate          
    (i) Repo          
    (ii) Reverse Repo Sat, 16/10/2021 2 Mon, 18/10/2021 51,112.00 3.35
  Fri, 15/10/2021 3 Mon, 18/10/2021 1,124.00 3.35
  Thu, 14/10/2021 4 Mon, 18/10/2021 208,245.00 3.35
    (iii) Special Reverse Repo~ Fri, 08/10/2021 14 Fri, 22/10/2021 6,402.00 3.75
    (iv) Special Reverse Repoψ Fri, 08/10/2021 14 Fri, 22/10/2021 2,894.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 08/10/2021 14 Fri, 22/10/2021 400,002.00 3.99
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo Tue, 12/10/2021 8 Wed, 20/10/2021 200,013.00 3.90
3. MSF Sat, 16/10/2021 2 Mon, 18/10/2021 28.00 4.25
  Fri, 15/10/2021 3 Mon, 18/10/2021 595.00 4.25
  Thu, 14/10/2021 4 Mon, 18/10/2021 450.00 4.25
4. Long-Term Repo Operations# Mon, 17/02/2020 1095 Thu, 16/02/2023 499.00 5.15
  Mon, 02/03/2020 1094 Wed, 01/03/2023 253.00 5.15
  Mon, 09/03/2020 1093 Tue, 07/03/2023 484.00 5.15
  Wed, 18/03/2020 1094 Fri, 17/03/2023 294.00 5.15
5. Targeted Long Term Repo Operations^ Fri, 27/03/2020 1092 Fri, 24/03/2023 12,236.00 4.40
  Fri, 03/04/2020 1095 Mon, 03/04/2023 16,925.00 4.40
  Thu, 09/04/2020 1093 Fri, 07/04/2023 18,042.00 4.40
  Fri, 17/04/2020 1091 Thu, 13/04/2023 20,399.00 4.40
6. Targeted Long Term Repo Operations 2.0^ Thu, 23/04/2020 1093 Fri, 21/04/2023 7,950.00 4.40
7. On Tap Targeted Long Term Repo Operations Mon, 22/03/2021 1095 Thu, 21/03/2024 5,000.00 4.00
  Mon, 14/06/2021 1096 Fri, 14/06/2024 320.00 4.00
  Mon, 30/08/2021 1095 Thu, 29/08/2024 50.00 4.00
  Mon, 13/09/2021 1095 Thu, 12/09/2024 200.00 4.00
  Mon, 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00
  Mon, 04/10/2021 1095 Thu, 03/10/2024 350.00 4.00
8. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 17/05/2021 1095 Thu, 16/05/2024 400.00 4.00
Tue, 15/06/2021 1095 Fri, 14/06/2024 490.00 4.00
Thu, 15/07/2021 1093 Fri, 12/07/2024 750.00 4.00
Tue, 17/08/2021 1095 Fri, 16/08/2024 250.00 4.00
Wed, 15/09/2021 1094 Fri, 13/09/2024 150.00 4.00
D. Standing Liquidity Facility (SLF) Availed from RBI$       21,695.80  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -761,381.20  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -766,684.20  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 17/10/2021 615,549.93  
     (ii) Average daily cash reserve requirement for the fortnight ending 22/10/2021 630,289.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 14/10/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 24/09/2021 1,205,314.00  
@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
– Not Applicable / No Transaction.
** Relates to uncollateralized transactions of 2 to 14 days tenor.
@@ Relates to uncollateralized transactions of 15 days to one year tenor.
$ Includes refinance facilities extended by RBI.
& As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
* Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo.
# As per the Press Release No. 2020-2021/287 dated September 04, 2020.
^ As per the Press Release No. 2020-2021/605 dated November 06, 2020.
As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
£ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
~ As per the Press Release No. 2021-2022/177 dated May 07, 2021.
ψ As per the Press Release No. 2021-2022/323 dated June 04, 2021.
Ajit Prasad
Director   
Press Release: 2021-2022/1054

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Reserve Bank of India – Press Releases

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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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KreditBee issues over 1 lakh cards within 60 days of launch

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Digital lending platform KreditBee has issued over 1 lakh cards within 60 days of its launch.

It aims to expand its portfolio by issuing over 10 lakh ‘KreditBee Cards’ by March 2022, it said in a statement on Monday.

KreditBee has provided these cards to all its customers.

Also see: UPI records 365 crore transactions worth ₹6.54-lakh cr in September

Over 75 per cent of the card customers acquired by the company are from metros and Tier 1 cities like Bengaluru, Mumbai, Hyderabad, Pune and Thane among others.

Almost 70 per cent of these card holders are below the age of 30 years.

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3 Best Safe Bluechip Cryptocurrencies To Invest Now

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1. Bitcoin:

The oldest and the most prominent among all the digital assets in existence today, bitcoin’s bull case is being studied in an depth way. Currently, only, the currency has scaled to its near all time high levels after the SEC has given approval for its ETF that would mean engagement of more and more investors into the asset class. The currency commands an almost 40 percent of the total crypto market cap.

Also, the currency similar to an exchange currency is being increasingly used as a payment method. The bluechip crypto in the current year has hit two milestones first of being used as a legal tender in El Salvador and Bitcoin becoming the part of Tesla’s balance sheet.

The Risk-

High volatility should not unnerve you as it is the inherent characteristic of the token and indeed if you are a long term investor, this should not be your concern. Also, it is highly costly and cannot be taken on by every other investor and hence SIPs in cryptos have been started to address the issue.

The Return potential of Bitcoin-

Considering the last 9 year price trend on bitcoin, crypto author Glen Goodman has extrapolated a potential peak for BTC this cycle at around $150,000. This could be followed by a major correction to around $20,000, though he warns that this lower bound could be hit before the top end is reached.

2. Ethereum:

2. Ethereum:

This is another blue chip crypto that is slowly and gradually chipping away bitcoin’s share of the overall crypto market. The asset shares a dissimilarity with the mainstream bitcoin in the sense that it also allows developers in creating their own cryptos utilizing the Ethereum network. The unique technology has enabled the crypto to surpass some of the other cryptos that came in before Ethereum.

The Risks:

There is only a single lane for executing transaction on the crypto backed by blockchain and hence in case of overload, the process can take longer.

The Return potential of Ethereum-

On its popularity, the crypto is said to hit and surpass levels of $4900 as per the technical analysts at Fundstrat. The research house said the ethereum token’s market share has grown in recent days, which its analysts believe is a bullish signal for the world’s second-biggest cryptocurrency.

3. Cardano:

3. Cardano:

It is the youngest when compared to the other 2 specified bluechip cryptos and fourth in the list in terms of market capitalization. There is a cap on the number of ADA coins that can exist at 45 billion. There is a proof of stake protocol being used which incentivizes users for establishing new blocks. And this is believed to be far more energy efficient in comparison to proof-of-work algorithm being used by bitcoin.

Also, in comparison to the other 2 cryptos it is a more affordable choice with price at just $2.15 per token while the other two i.e. bitcoin currently is hovering above $62k, while the price of Ethereum is at $3860 per token.

The recent Alonzo upgrade will enable introduction of smart contracts to its blockchain. Further the hurdle that it can be introduced in the Japanese market has also helped the crypto spur in price. So, with a better energy usage, it is also the best climate-friendly cryptocurrencies to buy on the market right now.

Upside potential of Cardano:

The Cardano Crypto price is expected to reach $3.83 in 2021, $7.70 in 2022, $8.93 in 2023, and $15 by the end of 2025, according to the Economy Forecast Agency platform.

Disclaimer:

Disclaimer:

For some of the investors investing in cryptos has been highly lucrative and here we have listed some safe cryptos to consider for investment. Though investment advice isn’t given out in the story. Also do note investment in crypto can be highly risky and hence you should invest only that amount that you can afford to lose into cryptos.

GoodReturns.in



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