INDIA CASH
BCCI awards Rs 125 crore to Team India: Here's how much each player will get
T20 World Cup Final: The Indian cricket team secured their second T20 World Cup title with a thrilling win over South Africa. The BCCI announced a cash prize of INR 125 crores for the team, in addition to the INR 20.41 crores prize money. Key contributions from Virat Kohli, Arshdeep Singh, and Jasprit Bumrah were instrumental in the victory. Fans eagerly await details of the team's return and celebrations. This victory ends India's 11-year ICC trophy drought.
India can achieve a growth rate of 8-9% by 2031: KV Kamath
Today, capital growth happens through cash accruals, through equity raising as required, and access to capital markets, so that part is probably going to be so in the future also, except for infrastructure. So, where will financial services then, as we understand, go? Basically, it will need to drive the aspirations of the people. The retail at large and this is so everywhere in the world.
Balancing Act: With greater capex comes lower dividend
The dividend payout ratio is the proportion of a company's earnings paid to shareholders as dividends. This payout tends to be lower in times when companies spend more on expansion. Companies with a high cash flow in mature industries tend to have higher dividend payout ratios.
AGS Transact looks to widen ATM footprint
The company recently won two orders from State Bank of India to deploy more than 4,000 ATMs over a period of 7 years. "If I consider the SBI contract which we will start deploying in the second half of the fiscal year, we also have a few other banks in the pipeline. So in all we will deploy 3,000 ATMs plus cash recycler machines (CRM)," said Ravi Goyal, chairman, AGS Transact.
RBI using forex market tools to ease liquidity tightness
RBI uses forex tools to inject cash into banking system ahead of large outflows due to advance tax payments, keeping borrowing costs low and increasing reserves without impacting inflation-fighting stance.
Banks ask RBI to ease liquidity rule to keep credit taps open
Indian banks are urging the industry regulator to relax the current liquidity coverage requirements. They believe easing these mandates will free up more funds for lending.
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Paying rent in cash without a rent receipt? Know why your HRA claim may be rejected, and you may get an income tax notice
House rent allowance: Tenants will get into trouble with the income tax department if they are paying rent in cash and the landlord does not offer it for income tax. For every claim of HRA there should be a corresponding income offerred for tax. Read here to know how a tenant got into trouble because of this.
RBI rectifies reporting errors in banks' CRR maintenance data
The Reserve Bank of India (RBI) has rectified issues with banks' cash reserve requirement (CRR) after instances of shortfalls in average fortnightly balances. The CRR, currently at 4.50% of net demand and time liabilities, is a key regulatory measure by the RBI. Banks must maintain this reserve with the RBI, impacting monetary policy and liquidity. Data showed multiple instances of banks falling short of the CRR, prompting RBI to address reporting discrepancies.
Airtel, Jio free cash flow seen rising amid falling capex spends, growing ARPU
Analysts predict Bharti Airtel's and Reliance Jio's free cash flows to rise in FY26, reaching approximately Rs 56,000 crore and Rs 38,500 crore, respectively. This growth stems from reduced capital expenditures and higher average revenue per user (ARPU). Both telcos expect a surge in ARPU driven by tariff hikes and increased data usage amid 5G deployments
Tejashwi Yadav cashes in on ‘Kushwaha’ factor, cuts BJP numbers
There was palpable anger among the community over independent candidate Pawan Singh contesting from Karakat Lok Sabha seat, where Upendra Kushwaha was contesting as the NDA candidate. With Pawan Singh in the fray, the Rajput voters drifted away from the NDA and rooted for him. With Kushwaha on the verge of losing, the community reciprocated by not voting for the BJP candidates in nearby seats. A division of Kushwaha vote led to the loss of five seats in the vicinity of Karakat.
Binance stops cash payment for P2P trades
Binance, the world's largest cryptocurrency exchange, has halted 'cash deals' for P2P trades in India, affecting traders who used the rupee 'cash option' to avoid tax regulations.
BJD doling out cash, alleges Dharmendra Pradhan
"Cash-for-votes has been BJD's go-to method to sway voters. The news of involvement of government officials in distribution of money in the premises of state government Mission Shakti Bhawan in Remuna assembly is deplorable. A CM that claims to be number one has to resort to such undemocratic and unfair methods to gain electoral advantage. BJD has made a joke of free and fair elections," Pradhan wrote on social media platform 'X'.
RBI, govt accept no bids at first sovereign green bond auction of FY25
With the Centre sitting on a considerable cash surplus at the moment, it had likely opted to cancel the green bond auction than settle for a lack of a premium, or “greenium” at the auction. The government had planned to raise Rs 6,000 crore through 10-year green bonds at Friday’s auction.
Income Tax Department seizes record Rs 1100 crore cash and jewellery in Lok Sabha elections 2024
The Model Code of Conduct (MCC) came into force on March 16, the day the Election Commission of India announced the dates for the Lok Sabha elections. Since then, the Income Tax Department has been vigilant in monitoring and seizing unaccounted cash and valuables that could potentially influence voters.
HAL, REC, 3 more F&O stocks delivered over 25% returns in morose May series
May has seen fear index India VIX hitting 26.20 levels. Nifty in May series declined 82 points or 0.36%. The headline index started the series at 22,570.35 and ended it at 22,488.65.
Oyo posts maiden annual net profit of Rs 100 crore in FY24: founder Ritesh Agarwal
Oyo reported its first profitable fiscal year in 2023-24 with a net earning of nearly Rs 100 crore. Founder Ritesh Agarwal highlighted growth prospects in key markets like Nordics, South East Asia, US, and UK. Fitch Ratings upgraded Oyo's credit rating, acknowledging its strong performance.
Ind-Ra upgrades Adani Green Energy's rating, outlook stable
The ratings also reflect Ind-Ra's expectation of favourable operational to under-construction book ratio, given the operational capacity of nearly 10.9 GW, and an increase in annual capacity addition targets to 5GW.
Entry into renewables could be a natural extension for RattanIndia: Rajiv Rattan
Rajiv Rattan, Founder & Chairman of RattanIndia, discusses the company's potential expansion into renewables fueled by cash flow from the power business. Addressing past leverage issues, the company shows promise as a turnaround candidate.
Govt's cash balance surges, banks starve
The ongoing general elections have led to a surplus in government cash balances, impacting the banking sector due to reduced spending. The Centre's adoption of efficient fund management practices has resulted in over ₹3 lakh crore in cash balances, affecting borrowing costs and liquidity in the market.
Apple not the only company to grapple with cash payments in India; cash also figures prominently in car sales
With customers continuing to stream in with wads of notes to buy mobile phones or computers, payments for 7-9% of the American firm's sales in the two stores in India are made with cash, compared to less than 1% or even nil in its stores in the US or Europe, according to people with knowledge of the matter.
Moscow bets on visa-free deal to attract more Indians
The new visa free group travel agreement being worked out between India and Russia should boost the tourist numbers to Moscow from India by at least 30%, said Evgeny Kozlov, first deputy head of the office of the mayor and the government of Moscow in an interview to ET. Kozlov, who is also the chairman of Moscow City Tourism Committee, said Russian federal officials are also working on a project to enable virtual cards for Indian travellers while they are in India before coming to Russia.
Sebi moots relaxation in valuation norms for alternative investment fund
Capital markets regulator Sebi on Thursday proposed providing relaxation on the framework pertaining to valuation of investment portfolio of alternative investment fund (AIF).
Liquidity deficit surges to four-month high
The shortfall of funds has pushed up the weighted average call rate (WACR), which represents banks' overnight cost of borrowing and functions as a determinant of other borrowing costs in the economy too. On Wednesday, the WACR closed at 6.75%, the same rate as the RBI's Marginal Standing Facility (MSF).
Are concerns over F&O retail activity overblown?
Options turnover in the total F&O turnover has been calculated on the basis of the premium and not the strike value (which is used by NSE and BSE to calculate their turnover officially).
In the fight between bulls and bears, these set of companies always win: 4 stocks with upside potential of up to 21%
Recently the finance minister, Nirmala Sitharaman spoke about the risk of unchecked explosion of future and option trading. Before that, there was a SEBI study, which mentioned that 90 % of the individuals who trade in future and options ( F&O) end up losing money; only 10% are able to make profit. But there is another side to the story. First is that trade volumes in this segment are only going to rise. Second, what is the common between both the losers and winners? They both brokerage to their stock broker and also pay transaction fees to the stock exchange. So, who is the constant and permanent winner? The stock exchange and the stock broker. Yes, policy makers will bring in more checks, but the hard fact is that those checks will only be partially effective for a short period of time as the turnover in the F&O will continue to rise for the foreseeable future. One can control anything, but not the hope and greed on the street.
Slow spending by India government may prompt more cash infusion
India's federal government spending is expected to remain sluggish for several more months, leading to potential measures to inject liquidity into the banking system. Recent actions include three short-term securities buybacks and alterations in treasury bill borrowings. Slower spending is attributed to the ongoing national election.
Cash flow struggles, access to finance continue to be major barriers for India’s small businesses: CPA Australia survey
On access to finance, the survey revealed that 42% of respondents said it was easy to seek funds in 2023, a sharp decline from 69% in 2022.
India Cements Q4 Results: Net loss narrows to Rs 50.06 crore
The cement and clinker volume for the fourth quarter was 24.36 lakh tonne as compared to 27.85 lakh tonne in the same period of the previous year, it added.
100% sure new RBI guideline on gold financing is not going to impact our volumes: Muthoot Finance
George Alexander Muthoot affirms Muthoot Finance's readiness for the RBI's directive, ensuring seamless transitions to bank transfers for loans exceeding Rs 20,000. Compliance remains a key focus in the NBFC sector, with vigilance against non-compliant lenders. Muthoot says: Nobody is going anywhere because the customer will not get cash elsewhere. All NBFCs are the same way."
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