Tweaks In Super Rich Cess Expected As PMO, Finance Ministry Meet To Discuss Impact

Tweaks In Super Rich Cess Expected As PMO, Finance Ministry Meet To Discuss Impact

In the Budget 2019, Finance Minister Nirmala Sitharaman had proposed a higher surcharge on those earning over Rs 2 crore. Since the tax implications cover individuals or HUF or association of persons or body of individuals (domestic or foreign), the...
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Indiabulls Housing Finance shares plummet 10% after Subramanian Swamy’s letter to PM Modi alleging fraud

Indiabulls Housing Finance shares plummet 10% after Subramanian Swamy’s letter to PM Modi alleging fraud

Indiabulls Housing Finance shares slump on Subramanian Swamy letter to PM Modi alleging financial fraud Shares of Indiabulls Housing Finance tumbled heavily after Subramanian Swamy wrote a letter to Prime Minister Narendra Modi accusing the company of embezz...
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Will borrowers benefit if RBI regulates housing finance companies? 4 experts weigh in

Will borrowers benefit if RBI regulates housing finance companies? 4 experts weigh in

The Budget has proposed that the RBI, and not the National Housing Bank, regulate housing finance companies. ET Wealth asks industry experts and consumer activists if this will benefit customers. Neera Saxena, MD and CEO, GIC Housing Finance says YES &#8...
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L&T Finance Holdings Q1 profit up 2% at Rs 549 cr

L&T Finance Holdings Q1 profit up 2% at Rs 549 cr

L&T Finance Holdings (LTFH) July 19 reported an increase of 2 per cent in consolidated net profit at Rs 549 crore for the quarter ended June 30, 2019. The company’s net profit during April-June quarter of 2018-19 stood at Rs 538 crore. Total...
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House Democrats are considering a bill to ban Facebook from the finance industry

House Democrats are considering a bill to ban Facebook from the finance industry

Democrats in Congress are considering a new bill that would stop Facebook’s cryptocurrency plans in its tracks. Dubbed the Keep Big Tech Out of Finance Act, the new bill would explicitly ban large platform companies from performing banking functions. The bi...
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Finance Ministry starts groundwork for fresh bank consolidation

Finance Ministry starts groundwork for fresh bank consolidation

The next wave of bank consolidation is planned during the October-December quarter of the current fiscal with the Finance Ministry starting to seek information from PSBs on possible targets for amalgamation/mergers and acquisitions with justification on how su...
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