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Company cites bounce-back from June quarter, says demand has recovered in oil, retail businesses.
One-Time Gains: NBFCs seek change in accounting policySo far, non-bank lenders take a one-time gain on all loan sales to banks in direct assignment transactions. Prior to the implementation of Ind-AS accounting system, these gains were amortised over the life of the loan.
from … Read MoreNCLT starts hearing Arunachalam’s pleaArunachalam is the eldest daughter of the former family patriarch, the late MV Murugappan. She had accused other shareholders of the diversified group of ignoring her claims for a board seat at the holding company, Ambadi Inv… Read MoreKotak seeks more Indian money in equity markets Veteran banker and CII chief, Uday Kotak, has called for channeling more domestic savings into equity to counterbalance the dominance of foreign funds in Indian markets. He said that, while foreign capital is welcome, “we ca… Read MoreHow to build an emergency corpus with debt mutual fundsWhile the size of your emergency fund will vary depending on your lifestyle, monthly costs, income, and dependents, financial planners believe one should have a kitty worth six to nine months of monthly expenses.
from Stock… Read MoreExecs get longer stint at top deck of PSU banksThe latest set of appointments, however, come with a crucial rider — at least for those who have a longer run at the top — the performance of these executives will be reviewed after two years.
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