BUSINESS
Rise in Delinquencies Noted in Unsecured Loans, Particularly in Small Ticket Personal Loans
Despite small ticket personal loans contributing about 25% of the incremental origination volume in the past two years, their value accounted for only 2.5% of the overall system personal loans.
Superstar Investors Favor Companies with Minimal or Zero Debt
Vijay Kedia, for instance, exemplifies this preference with his top three holdings—Atul Auto, Tejas Network, and Elecon Engineering—each boasting negligible debt or being entirely debt-free.
IndiGo Achieves Milestone in Indian Aviation, Surpasses 2,000 Daily Flights
The latest OAG Data for October 2023 places IndiGo among the top 10 airlines globally in terms of both frequency and seat capacity.
Israeli Shekel Rebounds to Record High Against USD Amid Ongoing Conflict
Official rates from the country's central bank indicate that the Israeli currency's ongoing appreciation against the US dollar reached 3.728 shekels per USD on Friday, as per reports from Xinhua news agency.
ED Seizes 100% Ownership of M.G.M. Maran, M.G.M. Anand's Shares in 4 MGM Group Companies Amid Money Laundering Probe
The ED clarified that it has taken possession of the complete shareholdings of Maran and Anand in four Chennai-based group entities
Qatar Imposes Rs 239 Crore Tax Penalty on L&T
L&T swiftly appealed against the imposition of these penalties, asserting their belief in the arbitrary and unjust nature of the charges.
Ashneer Grover Claims No Flight Risk, Responds to EoW Summon Received in the Morning
Expressing surprise at the situation, Grover mentioned that despite multiple international travels post the FIR filing in May, this was the first instance where such an issue occurred.
RBI Permits Banks to Establish Special Accounts to Aid Exporters in Rupee Trade
In a move initiated on July 11 of the previous year, the RBI had implemented an additional framework for managing invoicing, payment, and settlement of exports/imports conducted in INR (Indian Rupee).
Report Reveals India's 72 Unicorns Valued at $196 Billion in Total
Despite India's unicorns having a comparatively lower average valuation per company ($2.72 billion), their cumulative value represents a significant 5% share of the total
RBI's Increase in Weightage on Unsecured Loans Leads to Decline in Nifty Bank Indices
The recent decision by the RBI to impose higher risk weights on credit card and unsecured loans is expected to immediately increase the capital requirements for banks and NBFCs.
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