Turning cautious on the pace of expanding loan book, Shriram Group has scaled down growth estimates for the business of non-banking finance companies, under the merged entity, from 15 per cent to 12 per cent in FY23.

The growth rate (Year-on-Year basis) may come down when lending rates increase, and the credit demand may also come down to some extent. The growth for the combined entity (post the merger) may be about 12 per cent from earlier guidance of 15 per cent for FY23, said Umesh Revankar, Vice Chairman & Managing Director, Shriram Transport Finance Company (STFC).

Adani Transmission has entered the elite club of top 10 most valuable companies in India. The Gautam Adani-led power transmission firm has become the eighth most valued firms in terms of market capitalisation (market cap). At 10:25 am, Adani Transmission's market cap stood at Rs 4.4 trillion, BSE data shows.

With this, Adani Transmission has surpassed the valuation of housing finance company - Housing Development Finance Corporation (HDFC), which has a market cap of Rs 4.31 trillion.

Senior BJP leader Prakash Javadekar on Monday said the opposition should understand the personality of Prime Minister Narendra Modi and the work being done by him for the people of the country and advised them not to worry about the 2024 Lok Sabha polls and instead think of the 2029 elections.

He said after Modi became prime minister in 2014, the atmosphere in the country changed for good.

While the US gets most international students from China, Indians this year (till July) got about twice the number of students visas as the Chinese, showed an analysis of non-immigrant visas issued by the US State Department, reported The Indian Express.

A total of 77,799 Indian students received F-1 visas from January to July this year, while in China, 46,145 got the visa, the report said.

Few outside of India had heard of Gautam Adani just a few years ago. But the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, this week became the world’s third-richest person.

It’s the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index -- fellow citizen Mukesh Ambani and China’s Jack Ma never made it that far.

Reliance Industries Ltd (RIL), the country’s most valuable company, on Monday set the tone for the future during its 45th annual general meeting, saying it would aim to double its market value by 2027, the year the company celebrates its golden jubilee.

The company will invest Rs 2 trillion in the roll-out of a standalone 5G network, Rs 75,000 crore in expanding its O2C (oil-to-chemicals) capacities across value chains, and Rs 75,000 crore in new energy as announced last year, RIL Chairman and Managing Director Mukesh Ambani said at the shareholders’ meeting today.

After a cyber-security research firm claimed that call data records of around 20 million customers of Vodafone Idea (Vi) was leaked and accessed by cyber-criminals, the telecom operator has denied the breach.

Cyber-security research firm CyberX9 claimed in its report that the call data records of 20.6 million postpaid Vi customers were leaked due to vulnerabilities in the company's systems.

Akasa Air suffered a data breach, allowing unauthorised individuals to view data of some of its customers, India's new airline has admitted.

The airline apologised for the data breach, saying there was "no intentional hacking attempt" to break into its systems.

NDTV founders Radhika and Prannoy Roy have informed New Delhi Television - the promoter group vehicle of NDTV -- RRPR Holding Private has written a letter on Sunday to the Securities and Exchange Board of India (Sebi) asking it to determine whether the Sebi order dated November 27, 2020, restricts the conversion of warrants issued to Vishvapradhan Commercial Private (“VCPL”) into equity shares of the promoter group vehicle RRPRH.

On August 23 2022, VCPL, in a notice to RRPRH, had intimated that it was exercising its right to convert warrants issued to it in 2009 into equity shares which would give VCPL the control of 99.5 per cent of RRPRH.

MUMBAI (Reuters) - India's Bank of Baroda plans to raise at least 5 billion rupees ($62.52 million) through sale of Basel III compliant additional Tier I perpetual bonds, three merchant bankers said on Monday.

The state-run lender has invited coupon and commitment bids from bankers and investors on Tuesday, they said.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.