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For starters, Facebook would launch its currency Libra, trying to take over the finance market.The year, 2017, among other things, is remembered for bitcoin. The cryptocurrency, then in existence for eight years—it was launched in…

The third-largest pure play mortgage player is the first non-banking financial company or housing finance company to face the corporate insolvency resolution process. (Reuters)The Reserve Bank of India-appointed administrator of the…

We expect momentum to improve in the BFS vertical in CY20 as spends at the large secondary mortgage client seeing issues should bottom out in Q4CY19.We reiterate BUY rating on Hexaware as we expect the worst of client-specific issues to…

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Similarly, another PSU, PowerGrid, which has both a national long distance as well as an ISP licence, has said it has paid whatever is due as per its licence condition and owes nothing more to the government.The department of…

The RBI on September 19 commenced statutory inspection of the bank on its financial position as on March 31. (Reuters)The inspection report on the financial position of the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank as on…

HCL’s estimate of useful life for amortisation of IPRs (over 5-15 years) was higher than peers TCS (2-5 years) and IBM (over 1-5/7 years).HCL’s FY19 annual report highlighted a continued focus on inorganic growth to expand the product…

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According to reports, Internet has been shut down 95 times in India this year, right from Kashmir to Assam and even the capital. (IE)The town squares of Twitter, Facebook and WhatsAppwere buzzing this year with people debating issues…

These CRAs had given IL&FS the highest rating of AAA, even when its subsidiary, IL&FS Transport Networks, defaulted in June. (Reuters)After getting it badly from markets watchdog Sebi, credit rating agencies (CRAs) whose role in…