Godrej Agrovet hopeful of achieving 14-15% revenue growth in FY20
The company is also expecting to record 17 to 18 per cent growth in its net profit during the fiscal 2019-20.Diversified agro-business company Godrej AgrovetLtd on Friday said it is optimistic of achieving at least 14 to 15 per cent…
Payments banks with 5-year experience can now convert to small finance banks
“Incidentally, the net-worth of all SFBs currently in operation is in excess of Rs 200 crore,” the RBI said in the guidelines.The Reserve Bank of India (RBI) on Thursday allowed payments banks (PBs), which have been in operation forat…
RBL Bank raises Rs 2,025 crore from Bajaj group, other investors
In a statement RBL Bank said “it has successfully concluded the QIP of Rs 2,025 crore at an issue price of Rs 351 per share.” (Reuters)Private sector lender RBL Bankhas raised Rs 2,025 crore from 40 investors, including non-banking…
HMD Global launches Nokia 2.3; bets big on Indian market
The Nokia 2.3 features a large 6.2-inch screen and promises a two-day battery. (Twitter)HMD Global, which sells Nokia brand of mobile phones, continues to bet heavily on the Indian market driven by the steady performance it has witnessed…
RBI to retain dovish bias going forward, says DBS report
Das said the pause was temporary and the central bank wanted to assess the effect of its policy after reduction of 135 basis points in five policies this year.The Reserve Bank of India is expected to retain a dovish bias going forward…
US-China trade talk hopes lift Asia markets but investors eye deadline
China on Friday offered its latest olive branch, saying it would waiver tariffs on “some” imports of key US soybean and pork imports, providing extra support to traders. (Reuters)Optimism over the China-US trade talks kept Asian markets…
Banks on recovery spree from small businesses; stop throwing good money after bad to defaulting…
Under rectification, the banks provide additional finance to the borrower, while under restructuring, the loan repayment schedule is extended and the interest rate is reduced.Credit and Finance For MSMEs: Stressed assets in the MSME…