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Keeping Tata Sons unlisted: what the Trusts' restructuring plan means
Business

Tata Trusts Propose Merger of TESS, TCE With Tata Sons to...

PGurus Newsdesk - 0
Merged entity would earn 64.3% of income from operations, falling outside NBFC and CIC criteria, Trusts say Tata Trusts, which hold a 66 per cent...
Shaktikanta Das said that many lenders were depending too much on the algorithms to make their decisions and there was a need to analyze data more carefully before making investment decisions
Banking

RBI Governor expresses concern over high dependence of NBFCs on bank...

PGurus Newsdesk - 0
The prospects are at a new high in the country and this is the time to make it India’s moment, says RBI Governor Addressing the...
The searches are being carried out at the premises of Manappuram's promoter and businesses
Money Laundering

ED conducts raids at Manappuram Finance premises in Kerala on money...

PGurus Newsdesk - 1
Manappuram Finance collected funds from the public without RBI’s approval On Wednesday the Enforcement Directorate (ED) is conducting raids at Kerala's Manappuram Finance in connection with...
The financial services arm of the Aditya Birla Group has expressed intent to pick up 51% stake of Reliance Capital in Reliance Nippon Life Insurance Company
Business

Aditya Birla Capital to buy 51% stake in debt-ridden Anil Ambani...

Team PGurus - 2
Aditya Birla Capital joins the race to acquire life insurer Reliance Nippon Life Aditya Birla Capital Ltd has joined the race to pick up stake...
Kudos was lending money & acting like an NBFC without RBI permission
Banking

ED attaches Rs.72 crore fund of an Indian finance company in...

Team PGurus - 0
Chinese instant loan app case: Kudos Finance & Investments accounts attached for illegal lending, money laundering The Enforcement Directorate (ED) has attached funds of over...

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