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After reporting a net profit of Rs 1,127 crore (up 22%), Srinivasan said that the company has achieved scale due to its diversified platform that allows it to leverage customer relationships, brand value, talent and information technology across businesses. This enables the company to compete with banks, whose distribution power enables them to own the largest lending, mortgage, mutual fund and insurance business in India.
Tough to get companies’ moratorium dues by March 31: BankersAt present, borrowers who opted for the moratorium are much more indebted than they would have been had there been no lockdown. At the same time, they do not have the turnover to support the higher debt. Current rules require… Read MoreIndia’s holdings of US treasuries rise in Apr-MayIndia’s investment in US treasury securities touched $169.9 billion in May, from $156.5 billion in March, according to the latest data released by the US treasury department. Most of the investments are by the RBI from its fo… Read MoreAsian shares defensive; eyes on EU summit, U.S. stimulus talksInvestor focus is squarely on a European Union Summit where leaders are haggling over a plan to revive economies throttled by the COVID-19 pandemic.
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… Read MoreCovid forces cos to relook at board mix, assess independent directors’ value additionExecutive search company Odgers Berndtson India MD Prasad Medury said, “The pandemic has taken boards of organisations by surprise. Our interactions with owner-promoters of listed companies lead us to believe that the CEO lac… Read MoreSGX Nifty down 55 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 55.5 points, or 0.51 per cent lower at 10,873.50, in signs that Dalal Street was headed for a negative start on Monday.
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