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TOP BANKING AND FINANCE UPDATES - 18/04/2016


  • Govt to consider two new SEZ proposals on Apr 28
  • New Delhi: Government will on April 28 consider two new proposals, including from Infosys, for setting up Special Economic Zones (SEZs).
  • Sebi to tighten disclosure norms for rating agencies
  • New Delhi: Concerned over severe spill-over impact of recent drastic downgrades by rating agencies, market regulator Sebi plans to strengthen its disclosure guidelines for issuance and review of the ratings by such entities.
  • Sports as investment asset class now gets focus
  • Kolkata: The franchise-based sports are now slowly emerging as investment opportunities for high networth individuals, who earlier restricted their funds to assets like gold, stocks and real estate.
  • "Startups should have offices in suburbs to cut cost"
  • New Delhi: Startups should ideally have offices in suburban locations that command significantly lower rentals in order to cut costs and boost profitability, says property consultant CBRE.
  • Taiwanese textile cos looking to partner Indian firms
  • Mumbai: Taiwanese composite and technical textile companies are exploring partnership opportunities with Indian firms across various industries to meet their growing demand.
  • PSU banks may face further stress on asset quality: Moody's
  • New Delhi: Flagging under recognition of bad loans by banks as a concern, Moody''s said asset quality of 11 rated PSU banks may face further stress as restructured loans may eventually turn into NPAs.
  • MobiKwik to increase fintech play; aims profits by '17
  • Mumbai: MobiKwik expects to turn profitable by mid-2017 and plans to diversify revenue streams by offering financial products like loans and mutual funds, a senior executive said.
  • Top nine cos add over Rs 68k cr in market valuation
  • New Delhi: Cumulative market capitalisation of nine of the top 10 companies surged by Rs 68,023 crore last week, with TCS stealing the show.
TOP BANKING AND FINANCE UPDATES - 18/04/2016 Reviewed by Manohar Veera on 10:06:00 AM Rating: 5

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