Pune-based NBFC, Poonawalla Finance Private Limited, is leaving no stone unturned to serve the 'under-served' borrowers in India.Poonawalla Finance, which has emerged as one of the country’s fastest growing Digital Lending NBFC, has crossed INR 1000 Crore AUM (Assets Under Management) in November 2019, within 8 months from its inception.Part of the Cyrus Poonawalla Group having a net worth of USD 8.4 billion, Poonawalla Finance is known for its versatility in terms of financial products for the retail segment and technology-driven lending solutions. It has distinguished itself by introducing an easier approachability to serve the financial needs of the under-served segment.Close The USP of Poonawalla Finance lies in its l approach towards quicker and hassle-free lending with Minimum Documentation, Easy Application Process, Attractive Rate of Interest and ZERO Pre-Payment Charges. Being in the NBFC space with its equity and cash-rich group, Poonawalla Finance offers significantly … [Read more...] about Poonawalla Finance’s hassle-free lending attracts more under-served borrowers
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Below is the complete speech delivered by Finance Minister Piyush Goyal on February 1, 2019."Madam Speaker,I rise to present the Interim Budget for the year 2019-20. I am deeply conscious of the absence of Shri Arun Jaitley today. I am sure the House joins me in wishing Shri Jaitley speedy recovery, good health and a long life in the service of the nation.Close Madam Speaker, the people of India gave a strong mandate to our Government. Under the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi, we have given the most decisive, stable and clean Government and have undertaken transformational structural reforms. We have reversed the policy paralysis engulfing the nation and have restored the image of the country. The major achievement of this Government was that we strived our utmost to change the mind-set and ignited the self-confidence of the nation. related news Need feel-good factor to revive consumption: Exide Life CIO Shyamsunder Bhat … [Read more...] about Full text of Finance Minister Piyush Goyal’s 2019 Budget speech
AnandRathiBajaj Finance is one of the largest players in the rapidly growing consumer finance segment in India and a pioneer in introducing interest-free EMI finance options in more than 50 categories, ranging from consumer durables to lifestyle products to groceries.Apart from consumer finance, the company also has substantial business penetration in SME, commercial and rural lending. With housing as subsidiary, mortgages are also gaining traction.Close The company offers wide range of products to its customers through multiple segments which includes products such as consumer durable loans, digital product loans, lifestyle product loans, 2-wheeler & 3-wheeler loans, salaried personal loans, e-commerce consumer finance, working capital loans, loan to professionals, commercial loans, gold loans, home loans etc.Moneycontrol ContributorContributor|Moneycontrol News MNCs, corporates and SMEs take up bulk of co-working spaceRs 25K crore realty stress fund: Speedy, effective … [Read more...] about Buy Bajaj Finance with target Rs 4,818: AnandRathi
The tech company Basecamp has a mostly remote staff of less than 60 people. But even its headquarters aren’t in Silicon Valley; Basecamp is in Chicago. Which is why it was a bold move earlier this month when cofounder and CTO David Heinemeier Hansson announced in a blog post that the company is paying its workers according to San Francisco’s labor market. advertisement advertisement Since their employees are scattered all over the globe, it wasn’t clear what the cost of living benchmark should be. According to Heinemeier Hansson, “It started to increasingly seem like an arbitrary choice, and if we were going to make one such, why not go for the best and the top?” So as of January 1, Basecamp employees will receive a salary reflective of the top 10% of what software companies are paying in San Francisco (compared to base pay plus bonus, but not options). They also offer some amazing benefits. ( Put your resumes away, … [Read more...] about Could Paying Top Dollar For Staff Be Worse For The Labor Market?
Indian market witnessed a late recovery in the second half of the trading session on Wednesday which pushed the S&P BSE Sensex by nearly 200 points while the Nifty50 reclaimed 11900 levels.Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 172 points to 40,412 while the Nifty50 closed with gains of 53 points to 11,910 on Wednesday.Close Sectorally, the action was seen in Oil & Gas, IT, as well as realty space while profit-taking was witnessed in capital goods, telecom, and metal stocks. related news In The News podcast | Massive protests against CAB in Northeast; Rohingya massacre case at ICJ; UK elections 2019 and more MC Special podcast | Banking lessons from the PMC Bank fraud case Taking Stock: Bulls charge D-St! Ujjivan Small Finance up 50% on listing day What to watch out for on Thursday?Well, after a massive 166 times subscription to its initial public offering (IPO), all eyes are now on the listing of Ujjivan Small Finance … [Read more...] about Early on D-Street | Bullish momentum to strengthen if Nifty manages to hold 11,832