The wealth management business of IIFL group, IIFL Wealth yesterday entered into a definitive agreement to acquire cent per cent equity shares in L&T Finance Holding Ltd subsidiary, L&T Capital Markets Ltd (LTCM). LTCM is a prominent wealth management service providing firm serving institutional clients and individuals. LTCM is equipped with dedicated research professionals and […]
Ontario based Daisy Intelligence secures $5 million funding from Espresso Capital
Ontario based AI driven start-up Daisy Intelligence secured $5Million funding from Espresso Capital. Reaching top spot for ElevateR Pitch, AI Edition Event help in Toronto on Tuesday. The pitch competition was opened to many Canadian corporations working in Artificial Intelligence or an adjacent sector with less than $10 Million in revenue or funding. Organization which […]
RK Group ventures into finance, to target affordable housing and small businesses
Rajasthan based RK Group(RK Marbles) has stepped into housing finance. Wonder Home Finance Limited(WHFL) is a subsidiary of the group that was launched recently. With a plan to disburse a loan of about Rs 200 crore by March 2019, the company will initially put their money in affordable housing and small businesses. Sanjay Singh Rajawat, […]
Discerning the techniques that help identify stock value for companies like IRB Infrastructure
IRB Infra stocks are running on unpredictability – 0.63% or – 1.20 from the open as on August 19, 2018, the recent bid for the BSE listed organization was 188.80 and 18,2195 shares have been traded. To understand the stock market and the changes happening, traders use a technical analysis. The analysis helps reveal […]
Q1 profit for Rajesh Exports rises by 34 per cent to Rs 399 crore
Rajesh Exports, the company controlling more than 35 per cent of the gold regulation internationally, reported a 34.43 per cent hike in its consolidated net profit for the quarter that ended on June 30, 2018. The net profit amounted to Rs 399.1 crore. In a regulatory filing, the company said that the net profit a […]
Pros and Cons of Modi Fights Corruption
Modi Fights corruption– In an attempt to combat black money in India, the Prime Minister Narendra Modi on Tuesday announced that existing currency notes of Rs 500 and Rs 1,000 denomination would no longer be legal tender. Things to know: Within 50 days (From 10 Nov to 30 Dec) notes of Rs 500 and Rs […]
FTIL making compromise on opportunity costs
Nevertheless, it is clearly specified in MCA’s application for 396 regarding merger that no money trail is established to either FTIL or its promoters. Yet the kind of actions undertaken regarding FTIL has led to a condition where dire strait is probably an understatement. Undeterred by circumstances Desai expressed his positivity, as he acknowledges such […]
GST to Overpass Every Existing Tax Very Soon
GST – A boon or a bane will be decided in future but speculations regarding its implementation has already shook the paradigm of various industries. The much awaited Goods and Services Tax has received green signal from Rajya Sabha in light of “One nation, one Tax”. Undoubtedly, GST has its own perks that brought its […]
NSEL-FTIL merger will spell doom for corporate India
The matter of NSEL and FTIL keeps taking intriguing turns and undergoes a new phase with each passing day. It has the hopes of a number of people who have been deceived by the brokers of NSEL at stake. Well, looking at the FTIL and NSEL’s merger case, calling it an utter chaos is appropriate […]
MCA blind-folded towards real defaulters
The forcible merger of NSEL into its promoter, Financial Technologies (India) Ltd (FTIL) has evoked a huge response and quivered the pillars of the prevailing system of administration of justice. The case of FTIL promoting NSEL and being merged together for bearing the latter’s responsibilities, is against the Indian law and order apart from being […]