Sandeep Singh

Articles By Sandeep Singh

‘For debt investments, we will do holistic management check like we do for equities’: CEO, Bajaj Allianz Life Insurance

Tarun Chugh, CEO, Bajaj Allianz Life Insurance told The Indian Express that life insurance sector can’t remain in its own microcosm for too long because ultimately consumers will stop spending.

Vodafone-Idea, Airtel losses spook bankers; call for government intervention

On Thursday, while Bharti Airtel announced a loss of over Rs 23,045 crore for the quarter ended September 2019, Vodafone Idea announced a record loss of Rs 50,922 crore for the quarter.

Credit growth slows to a crawl in both industry and services

Data released by Reserve Bank of India showed that gross bank credit, too, expanded by just 8.2 per cent in September — the lowest in 22 months. Gross bank credit witnessed double digit year-on-year growth in each of the months between April 2018 and July 2019.

For faster resolution, NBFCs to be brought under IBC purview

The notification will allow existing consortium of lenders and the existing resolution professional to take the financial service provider or the NBFC to the NCLT and seek a resolution plan that is binding on all parties.

About 40 per cent stalled units to benefit from special window, say analysts

Industry insiders say the special funding window may help completion of around 40 per cent of nearly 5 lakh housing units that currently stand stalled.

IL&FS appoints second law firm as advisor after nudge from govt

The decision comes amid allegations of conflict of interest with respect to CAM and the government indicating to the IL&FS board to effect a change.

AICTE panel nullifies appointment of IRMA Principal/Director

This order could have far reaching implications for the country’s premier rural management institute affiliated to National Dairy Development Board (NDDB).

Bank credit outstanding shrinks in first five months of 2019-20

According to the data released by the Reserve Bank of India, the decline has been led by contraction in credit outstanding for industrial segment (-4.2 per cent) and services segment (-2.7 per cent) in the five-month period.

Aug LRS figures hit new high; Apr-Jul remittance surpasses FPI inflows

The August figure takes the total outward remittance under LRS since April 2014 to $47 billion.

Explained: How SBI rate cuts will impact your savings, FDs, and home loans

The interest you earn from FDs and savings bank deposits will come down. New home loans will be cheaper, but existing home loan rates will not change immediately. The bank wants people to borrow more, and spend more.

Optimism to concern: Between April-October, how RBI downgraded RBI

Its commentary on the state of the economy and its outlook too has qualitatively changed — from being “optimistic” in April to expressing “concerns” in August and calling for “intensified efforts to restore the growth momentum” in October.

Surge in external debt adds to worry over oil price hike

The growth in external debt over the last one year is the highest seen in the last five years since the 11.8 per cent growth recorded in June 2014.

Explained: Car sales fall in September — why the situation is not improving

What started as a problem on account of funding and liquidity squeeze in July-August 2018, has now become more of a sentiment issue with individuals looking to postpone and cut down on consumption expenditure.

‘If equity shareholders do not make money, you will not get equity capital’

Rakesh Singh, group head–investment banking, private banking and capital markets at HDFC Bank said that moderate levels of inflation is required in the economy for better wage growth, stability in asset prices and rise in consumption. 

Not just Lavasa’s wife, his sister and son too are under tax dept scanner

The tax department also surveyed the books of accounts of Nourish Organic Foods Ltd, a company in which his son Abir Lavasa is a director and holds 10,000 shares as part of an employee stock option plan last financial year.

Tax cut will add to India Inc cash pile but may not boost spending

Given that rated non-financial companies in India reported a total pre-tax net income of about $35 billion (around Rs 2.45 lakh crore) for the fiscal year ended March 2019, assuming their earnings remain unchanged for fiscal 2019, they will end up saving about $3 billion (over Rs 21,000 crore) from the tax rate reduction

‘Challenge is to see water level does not go down so much that pumping it out becomes very expensive’

Ranganath N Krishna, MD and CEO, Grundfos Pumps India Pvt Ltd said that the challenge was to see that the water level did not go down so much that it became very expensive to pump it out.

Many big firms, IT companies may not benefit much from corporate tax cut

Finance Minister Nirmala Sitharaman Friday announced a new corporate tax rate of 22 per cent without exemptions and said the effective tax rate including surcharge and cess would now stand at 25.17 per cent.

Mother Dairy loses AAA rating assigned to bank facilities by Care

Company posts loss of Rs 91.83 crore in 2018-19 on account of “impairment of provision of Rs 190.85 crore arising from the investments made in IL&FS in the form of unsecured short term inter-corporate deposits,” said the rating agency.

Real Estate: Housing fund to provide equity, debt support to stuck projects

While the projects that have not turned into non-performing assets and are not under NCTL will benefit, analysts note that most stressed projects will not get any funding support.