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While asset quality has not negatively surprised, we think the improvement is also led by higher write-offs that have led to reductions in both GNPAs and contracts under NPA.Mahindra& Mahindra Financial Services’ (MMFS) Q2FY20…

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BOSTON (Reuters) - Money manager Jeffrey Vinik said on Wednesday he was shutting down his stock-picking hedge fund, citing unexpected difficulties raising cash for the decision to end a much-hyped but short-lived relaunch of his asset…

Assets under management (AUM) stood at Rs 1.31 lakh crore in H1FY20, a growth of 16%.Private insurer HDFC Life Insurance Company posted a 7.5% rise in standalone net profit to Rs 308.69 crore for the second quarter of the current fiscal.…

It’s not the first time that MCSL is exploring new niches. Its initial foray into used car credit had fetched Rs 14-crore business from six centres in five states.Muthoot Capital Services (MCSL), the two-wheeler financing arm of the Rs…

On Wall Street overnight, the Dow and the Nasdaq added 0.2% each while the S&P 500 gained 0.3%. (Representational image)Asian shares pulled ahead on Thursday with corporate earnings buffeting trading as investors remained anxious…

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NEW YORK, Oct 23 (Reuters) - U.S. money market fund assets increased by $18.00 billion to $3.437 trillion in the week ended Oct 22, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $16.62 billion to…

Organisations related to cotton production are optimistic about bumper production this year.High cotton prices in India have kept the industry burdened with low earnings. While the traders find the domestic cotton price uncompetitive in…

The cabinet added that the banks will have to give notice at least 14 days before the strike.The government has said that being in the public utility sector, the bank employees cannot just go on a flash strike. It added that the banks…