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New Delhi [India], July 13 (ANI): The business valuation of the Indian Premier League (IPL) has surged an unprecedented USD 18.5 billion, marking a 12.9 per cent increase over the past year. According to the latest edition of analysis by Houlihan Lokey, valued at Rs 1.56 lakh crore in Indian currency, this growth underscores the IPL's status as one of the most lucrative sports leagues in the world. The global investment bank listed on the NYSE stated that the brand value of IPL increased 13.8 ...Read More >
Mumbai: Investments in equity mutual funds rebounded in June after five consecutive months of declining inflows. Net inflows surged to ₹23,587 crore during the month, marking a 24% jump over May's ₹19,013 crore, driven by fresh subscriptions to flexi-cap, mid-cap and small-cap schemes. While debt mutual funds saw outflows, a buoyant equity market and pick-up in retail participation helped the industry's net assets under management (AUM) scale to a new all-time high of ₹74.41 lakh crore in June, ...Read More >
Hyderabad : Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management) - a 50:50 JV between Jio Financial Services Limited (JFSL) and BlackRock - announces the successful closure of its maiden New Fund Offer (NFO), recording a total investment of Rs. 17,800 crore (~USD 2.1 billion), across three cash/debt mutual fund schemes - JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO, which was launched on June 30, 2025, attr ...Read More >
New Delhi, July 4: The ED arrested a foreign currency businessman and one of the masterminds in a Chinese App investment fraud case involving over Rs 903 crore and seized incriminating documents during searches at his five premises in Delhi, an official said on Friday. Rohit Vij, the mastermind in the conversion of proceeds of crime into forex, was arrested on June 30 for his links to a fake investment app named 'LOXAM', claiming to be related to a reputed French MNC Group of the same name. The ...Read More >
New Delhi: After Steller debut Emkay Global has shown confidence in HDB Financial Services, setting a target price of Rs 900 per share and giving a 'Buy' rating. This target shows a possible upside of about 22 percent from the IPO issue price of Rs 740. Strong Market Debut On July 2, HDB Financial Services made an strong debut on the stock market, listing at Rs 835 per share -- a 13 percent premium over its IPO price. This strong start shows robust investor interest and confidence in the compa ...Read More >
New Delhi: The mutual fund exposure in the non-banking financial companies (NBFCs) grow 32.5 per cent to reach Rs 2.77 lakh crore in May, according to a new report. This year-on-year growth was driven by commercial papers (CPs) and corporate debt, which remained over Rs 2 lakh crore for 14 consecutive months, according to a CareEdge Ratings report. The previous records were Rs 2.69 lakh crore in April this year and Rs 2.64 lakh crore in July 2018. However, the share of NBFC credit in total ba ...Read More >
New Delhi, Jun 27: Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the annual performance review meeting of Public Sector Banks (PSBs) in the national capital today. The high-level meeting focused on financial performance, credit growth, digital innovation, financial inclusion, cyber security, and customer service enhancement. Attended by Union Minister of State for Finance Pankaj Chaudhary, Secretary of Financial Services M. Nagaraju, Managing Directors and CEOs o ...Read More >
The Adani Group reported record earnings for the financial year ending March 2025, with consolidated Ebitda reaching ₹89,806 crore, driven by continued expansion in core infrastructure sectors and higher operating cash flows across its portfolio. The Group's Ebitda was up 8.2 per cent compared to ₹82,976 crore reported in FY24 by the group listed companies, the Group said in a media statement. The conglomerate, with interests ranging from energy and logistics to cement and mining, also repor ...Read More >
NEW DELHI: LIC Housing Finance has reported a growth of 22.75 per cent in its net consolidated profit during the quarter ended December 31, 2024. Its profit after tax stood at Rs 1,434.89 crore in Q3 FY25 as against Rs 1,169 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 7,069.99 crore in Q3 FY25, a growth of 3.91 per cent from Rs 6,804.19 crore it recorded in the similar quarter ...Read More >
NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development business of the Mahindra Group, has reported net consolidated loss after tax of Rs 22.47 crore during the quarter ended December 31, 2024. It had registered profit after tax of Rs 50.02 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 185.77 crore in Q3 FY25, a growth of 109.27 per cent from Rs 88.77 c ...Read More >
For investors, this means that any profits made from selling cryptocurrencies will now be subject to capital gains tax.Source : Ewan Kennedy/Unsplash The Income Tax Appellate Tribunal (ITAT) in Jodhpur has provided much-needed clarity on the taxation of cryptocurrencies in India. The ruling recognises cryptocurrencies as capital assets, setting a framework for how profits from their sale are taxed, especially for transactions made before the Government introduced specific guidelines for Virtual ...Read More >
A total of 82 companies out of the top 100 bank defaulters of 2019, including some of the biggest companies run by prominent industrialists, landed in the National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code (IBC), 2016 and out of this, nearly one third of the companies went into liquidation over the years, suggesting banks would have hardly recouped any money, an investigation by The Indian Express reveals. Since the IBC framework came into being in 2016, creditors i.e. ba ...Read More >
New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Also Read | Places of Worship Act Val ...Read More >
New Delhi, Dec 12 (SocialNews.XYZ) The gross non-performing asset (NPA) ratio of public sector banks (PSBs) declined to 3.12 per cent in September this year, from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the Centre informed on Thursday. The Ministry of Finance said in a statement that public sector banks (PSUs) recorded the highest ever aggregate net profit of Rs 1.41 lakh crore during FY2023-24, against net profit of Rs 1.05 lakh crore in FY2022-23, and reco ...Read More >
New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Over the past decade, the government ...Read More >
New Delhi [India], December 6 (ANI): After a steep correction in October 2024, where the Nifty 50 index fell around 6 per cent and closed 8 per cent lower than its all-time highs, FII outflows reduced in November, a sharp drop from October outflows says a report by JM Financials. The benchmark index remained largely flat in November, reflecting a calmer trading environment. Foreign Institutional Investor (FII) activity also exhibited a notable slowdown in selling pressure. FII outflows reduced ...Read More >
Rohit Jetly, who until recently served as the country head for India at global investment and retirement savings business Fidelity International, was given additional responsibilities. His expanded role now includes overseeing technology and operations for the company's global platform solutions (GPS) division. Its HR head, Upasna Nischal, succeeds Jetly as the new India site leader. These changes reflect Fidelity International's commitment to strengthening its leadership and capabilities in the ...Read More >
Until three years ago, being a specialist like a microfinance lender or catering exclusively to affordable housing or consumer loans helped, especially in raking premium valuations. Today, being a jack of all trades is helping lenders position themselves better amidst concerns emerging in various pockets of the financial services sector Doctors and lawyers go through this dilemma a lot - should they be doing everything or should they opt for something more focused. About twenty years ago, a g ...Read More >
Rakesh Jhunjhunwala's remarkable rise from Rs 5,000 to a fortune of Rs 40,000 crore is epitomized by Rare Enterprises, founded with his life partner, Rekha. Their partnership was sealed by fate after a serendipitous meeting.An investor with a midas touch, Rakesh Jhunjhunwala's journey from mere Rs 5,000 to a staggering Rs 40,000 crore, is a stuff of legends. At its heart lies Rare Enterprises -- named after Rakesh and his life partner, Rekha -- a true testament to the partnership that powered hi ...Read More >
The global trading market, valued at $10.3 billion in 2023, is one of the world's fastest-rising sectors. But there is more to the story: it is riddled with challenges like financial exclusion, centralization, limited access, and a lack of diverse asset classes. Despite several attempts to address these challenges, this new player has been hailed by experts as a trailblazer: DTX Exchange (DTX). DTX Exchange (DTX) will stand at the crossroads between traditional and decentralized finance. This ...Read More >
New Delhi: The income-tax department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR (income tax return) can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their income tax return for assessment year (AY) 2024-25. The advisory ...Read More >
Agreement in Principle Reached with Stalking Horse for Core Centers' Assets Sale Transactions to be Implemented Through an Expedited Prearranged Chapter 11 Plan Supported by 100% of CareMax's Secured Lenders CareMax Secures $30.5 Million in Debtor in Possession Financing to Support Operations and Continuing Provision of Healthcare Services (NASDAQ:HCSG) Throughout Restructuring Process MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (CareMax or the Company), a leading techno ...Read More >
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