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India, IIFL Finance and gold loan
India's IIFL Finance jumps 13% after cenbank lifts gold loan ban
By Dimpal Gulwani and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -Shares of India's IIFL Finance surged 13% on Friday, after the country's central bank revoked an earlier ban on the non-bank lender's gold loan business.
IIFL Finance shares jump 13% after RBI relief on gold loan business — what lies ahead
Jefferies has upgraded IIFL Finance to 'Buy', saying that an improvement in earnings visibility will support the company's better multiples.
IIFL Finance shares surge 12% after RBI lifts restrictions on gold loan business
IIFL Finance share price gained 18.03% in the past month and surged 61.28% over six months. However, the stock posted a year-to-date decline of 9.25% and dropped 8.01% over the last year, reflecting mixed returns.
IIFL Finance share price zooms 13% as RBI lifts ban on gold finance biz
The uptick in IIFL Finance share price came after the Reserve Bank of India (RBI) lifted ban on the company's gold finance business.
RBI lifts gold loan curbs on IIFL Finance
RBI has lifted the restrictions on IIFL Finance's gold loan operations, effective immediately. These restrictions were placed in March due to irregularities in their gold loan business. IIFL Finance assures high compliance standards moving forward.
India, Bangladesh
India bowled out for 376 on Day 2 of 1st test as Mahmud picks up 5-83 for Bangladesh
Bangladesh pace bowler Hasan Mahmud picked up his second five-wicket haul in a row as India was bowled out for 376 runs in its first innings on Day 2 of the first cricket test.
Cricket - Bangladesh all out for 149 against India
Bangladesh were all out for 149 in reply to India's first innings total of 376 on day two of the opening test in Chennai on Friday. For the touring side, Shakib Al Hasan (32) and Mehidy Hasan Miraz (27 not out) offered some resistance with the bat but India took a handy lead of 227.
Bangladesh wins toss and bowls against India in 1st cricket test
Bangladesh captain Najmul Hossain Shanto won the toss on Thursday and decided to send India in to bat in the first cricket test. India was playing a test for the first time since March when it beat England 4-1 in a five-match series in India.
India, Ukraine
India rejects report on transfer of ammunitions to Ukraine as 'speculative'
A Reuters report claims that Indian-made artillery shells were diverted to Ukraine by some European countries.
Exclusive-Ammunition From India Enters Ukraine, Raising Russian Ire
Two Indian government and two defence industry sources told Reuters that Delhi produced only a very small amount of the ammunition being used by Ukraine, with one official estimat
Ukraine buys Indian shells via Europe despite Russian protests – Reuters
Indian artillery shells, procured through European intermediaries, have been supplied to Ukraine for over a year. Despite Russian objections, India has neither interfered with nor halted this trade. Source: Reuters,
India, money laundering
Anti-money laundering watchdog calls on India to speed up prosecutions
The global anti-money laundering watchdog, the financial Action Task Force (FATF) urged India on Thursday to speed up its prosecutions in financial fraud cases.
India using anti-money laundering laws to harass NGOs: Amnesty
Amnesty International has urged India to cease its crackdown on civil society groups under the guise of combating money laundering and terrorism financing. The call follows a report by the Financial Action Task Force,
India's gems, jewellery sector vulnerable to money laundering: FATF
The ease with which the trade of precious metals and stones can be used to move "large amounts" of funds without leaving an ownership trail shows this sector in India is vulnerable to be used as a tool for money laundering and terrorist financing,
Fed rate cut, India
Fed rate cut will not significantly impact inflows into India, official says
The U.S. Federal Reserve's decision to cut interest rates will not significantly impact inflows into India, the South Asian nation's Economic Affairs Secretary Ajay Seth said on Thursday. "It's a 50 bps cut from high level so I don't see that making any significant impact on the flows (into India).
India to get higher FII flows after US rate cut
Experts rule out a runaway rally, given the steep valuations across large swathes of the market, expecting large caps to outperform broader markets.
US Fed rate cut unlikely to impact foreign inflows into India: Economic Affairs Secretary
The US Fed rate cut of 50 basis points is unlikely to have any significant impact on foreign inflows into India, Economic Affairs Secretary Ajay Seth said on Thursday. He said the US Federal Reserve has done what it assesses is good for the largest economy in the world,
22m
Leading the Charge: The Art of Living's Innovative Solutions to India's Water Crisis
While the scale of India's water crisis is overwhelming, The Art of Living's approach goes beyond numbers and statistics - it ...
1d
on MSN
Sport Dominates as India’s Premium Streaming Market Recovers to Reach $1 Billion Half-Year Revenues, Says Report
Revenues from India’s premium video-on-demand sector surged by 38% to generate $1.04 billion in the first half of this year, ...
13h
on MSN
Hema committee report: Why are India's biggest film stars silent?
But the messages of solidarity and support have come largely from women - and critics say the silence of powerful men, ...
1h
India's HDB Financial Services to raise $299 mln via IPO
India's HDB Financial Services, a unit of HDFC Bank , has approved raising 25 billion rupees ($299 million) through a fresh ...
11h
India’s Das Tames Once-Volatile Rupee With $689 Billion Reserves
India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee ...
12h
India approves development of reusable launcher, space station module
"Great news for the space sector!" Indian Prime Minister Narendra Modi posted on X. Collectively, the projects authorized by ...
2d
on MSN
Dancing, drums and rituals: with zeal and joy, India celebrates Hindu festival Ganesh Chaturthi
Huge crowds of devotees gathered across India this month to celebrate the Hindu festival Ganesh Chaturthi, marking the birth ...
51m
10 countries with the longest working hours: Where does India stand?
The recent death of a young CA in India has sparked debates about toxic workplaces and work-life balance. Allegedly caused by ...
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