FINANCE BILL 2016
Add Ujjivan Small Finance Bank, target price Rs 57: Kotak Institutional Equities
Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 8853.42 Crore).
Mukesh Ambani's fintech juggernaut starts rolling: The road ahead
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
Buy Ujjivan Small Finance Bank, target price Rs 64: Axis Securities
Ujjivan Small Finance Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.
Michael Cohen testifies Trump backed payments to suppress news that could hurt 2016 campaign
Michael Cohen's trial testimony revealed secret arrangements to suppress damaging stories during the 2016 campaign, including hush money payments to Stormy Daniels and Karen McDougal, with implications for the upcoming U.S. election.
Buy Ujjivan Small Finance Bank, target price Rs 54: Hem Securities
Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 8990.31 Crore).
Hold your zebras, politicos!
Much time has been spent juxtaposing and contrasting a welter of accusations and counter-accusations, claims and counter-claims, between the two groups. The exercise now resembles a theatre of the absurd in India's political economy. What we have here is stringing up facts and figures without a basic understanding of the 'dismal science'. This is a battle of purely political narratives that defy the rules of economics.
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How SC's decision on Money Bill will impact LIC IPO, Aadhaar & ED's powers
The constitutionality of several controversial amendments passed by the Modi government, including the Aadhaar Act, Prevention of Money Laundering Act (PMLA), and amendments to the LIC Act, will be examined by a seven-judge bench. The bench will consider the scope of Article 110, which defines a money bill, and its impact on the status quo.
Fintech Slice to merge with North East Small Finance Bank
For Slice, which has been running as a non-banking finance company for the last four years, the option was to either convert itself into a bank by applying for a fresh licence or acquire one (after crossing the five-year mark as an NBFC).
Last day of Parliament Monsoon session: FM Nirmala Sitharaman to move Central Goods and Service Tax Amendment Bill
According to the listed legislative business in Lok Sabha, Union Finance Minister Nirmala Sitharaman will introduce the Central Goods and Services Tax (Amendment) Bill, 2023. The Centre is set to push legislation in Lok Sabha to impose a 28 per cent Goods and Services Tax (GST) for online gaming, casinos and horse racing.
Parliament: Six bills, including personal data protection bill listed in Rajya Sabha today
Parliament is expected to face a logjam on Wednesday between Treasury and the Opposition as the government attempts to seek consideration and passage of the Digital Personal Data Protection Bill, 2023, in the Rajya Sabha. The introduction of the bill last week was vehemently opposed by the Opposition. The focus is to protect internet users from online harm and create a safe and trusted digital ecosystem as India is a digital economy powerhouse today.
Government aims to table Cape Town Convention Bill in monsoon session
The proposed Bill will give primacy to the Cape Town Convention in case of conflict with any other local law, primarily the Insolvency and Bankruptcy Code, 2016. Cape Town Convention is a global treat to increase financing and leasing of aircraft, engine and spare parts by reducing the lessor’s risk and by enhancing legal predictability in these transactions, including in the case of an airline’s insolvency or default.
Buy Ujjivan Small Finance Bank, target price Rs 30: ICICI Securities
The bank shows strong growth momentum, projecting over 25% AUM growth and over 22% RoE for FY24. The bank's stressed asset pool is reducing, with GNPA and the restructured book falling to 3.2% in Q4FY23 from 8% in Q1FY23, while SMA pool has been further cut to 1.2% in Mar'23.
We aim to ease patient burden via innovative healthcare financing: Aniruddha Sen, Kenko Health
Currently, Kenko Health is operating out of 40 cities across India including Delhi, Mumbai, Bengaluru, Kolkata, Nagpur, Indore, Lucknow, Vijaywada, Kochi, Mangalore etc.
AM Scoop: Binny Bansal eyes $100 -150 million stake in PhonePe; draft Digital India Bill to be ready by July
It’s Friday and we are breaking a big story as we roll into the weekend. Flipkart cofounder Binny Bansal is eyeing an over $100 million stake in online payments major PhonePe. The deal is in the works, per sources.
Bill Gates lauds India's digital public infrastructure
"No country has done more (to build a) comprehensive platform than India," Gates said at a G20 session on Building Resilient and Inclusive Economies - The Promise of Digital Public Infrastructure in New Delhi.
Add Ujjivan Small Finance Bank, target price Rs 45: HDFC Securities
Ujjivan Small Finance Bank, incorporated in the year 2016, is a banking company (having a market cap of Rs 5687.61 Crore).
Budget 2023: key takeaways for India's tech and startup industry
Finance Minister Nirmala Sitharaman presented the last full Budget of the Narendra Modi-led government on Wednesday. The government announced several measures for the technology and startup sector such as extending the date of incorporation of startups for Income Tax benefits, increasing the allocation to the IT ministry by 40% to Rs 16,549 crore, an accelerator fund for agritech startups, and exemption of customs duty on manufacturing of lithium-ion cells, among others
Energy Conservation Bill 2022: Implications and next steps
The Bill addresses several energy efficiency and decarbonisation measures across the economy. These include a non-fossil-fuel mandate for designated consumers, the setting up of a carbon credit trading scheme, the inclusion of residential buildings in the new Energy Conservation and Sustainable Building Code, and increasing the purview of energy consumption standards to include vehicles and industrial units.
Niti Aayog objects to certain provisions in proposed DESH bill
Niti Aayog has raised objections to certain provisions pertaining to the proposed DESH bill, which seeks to replace the existing law for special economic zones, sources said.
Add Ujjivan Small Finance Bank, target price Rs 43: HDFC Securities
Ujjivan Small Finance Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.
Draft data bill may relax local storage rules; Amazon sues consumer protection body
Provisions over data localisation in the previous draft of the PDP Bill — withdrawn earlier this year — that mandated certain types of data to be necessarily stored in India had invited significant criticism from companies, especially foreign tech companies and the governments of US and Europe along with Indian startups.
Buy Ujjivan Small Finance Bank, target price Rs 31: Axis Securities
For the quarter ended June 30, 2022, the company has reported a standalone total income of Rs 1000.42 crore, up 8.65 per cent from last quarter total income of Rs 920.80 crore and up 39.67 per cent from last year same quarter total income of Rs 716.29 crore.
Bill Gates and the secret push to save Joe Biden’s climate bill
Bill Gates started wooing Joe Manchin of West Virginia and other senators who might prove pivotal for clean-energy policy in 2019 over a meal in Washington DC. “My dialogue with Joe has been going on for quite a while,” Gates said.
Add Ujjivan Small Finance Bank, target price Rs 29: HDFC Securities
Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 3301.08 Crore).
Commercial and industrial entities Electricity bills reduced using renewable energy: Mercom India
Over 100 players joined the one-day event to discuss opportunities in the domestic renewable energy sector, available technologies, business models, financing mechanisms and regulatory guidance to set up green units. he 'C&I Clean Energy Meet 2022' held in Bengaluru witnessed participation from players operating in solar, IT, automobile, manufacturing, chemical, textiles and FMCG sectors, Mercom India said in a statement on Monday.
Mukesh Ambani backs data privacy, cryptocurrency bills
Ambani, who has been a votary of Indians owning and controlling their own data and the nation drafting strict rules around how digital information is stored and shared, said nations have the right to build and protect strategic digital infrastructure.
Corporates, individuals challenge taxman’s move to dig out past assessments under old law
Under the new law which came into effect from April 1, 2021, the revenue department, while reopening old accounts of a taxpayer, can go back up to three years if the tax assessing officer estimates escaped income is less than Rs 50 lakh; however, the law empowers the department to reopen up to 10-year old accounts if the alleged untaxed income is Rs 50 lakh or more.
Saving 'The City': London's finance district plots reboot as COVID compounds Brexit
The City, as London's financial district is known, has survived the Great Fire, the Black Death and other upheavals down the centuries. This time though, it faces a double hit to its future.
Bill Gates calls India’s digital finance approach a global model
“If people are going to study one country right now, other than China, I’d say they should look at India,” Gates said at the Singapore Fintech Festival on Tuesday.
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