Friday, 20 May, 2022
TopicIIFL

Topic: IIFL

Mukesh Ambani tops IIFL Hurun India Rich List for 9th consecutive year

Mukesh Ambani, the Hinduja brothers and Shiv Nadar topped the IIFL Wealth Hurun India Rich List 2020, which ranks individuals with a net worth of Rs 1,000 crore or more as on 31 August.

IIFL bets big on India’s ailing financial services sector

India’s financial services industry is grappling with a 17-month credit crisis, in what has come to be dubbed as India’s 'mini-Lehman moment'.

IIFL bets on bank, insurance & infrastructure stocks amid slowing economy

Falling cost of borrowing and a revival in animal spirits will boost industry spending cycle first and consumption will revive later, IIFL says.

Cash crunch could further crush realty developers & shadow banks

The shortage of funds is expected to cause more defaults in the realty sector, which raises the risk of a repeat of last year’s funding freeze for shadow banks.

Private banks have benefited from the clampdown on unaccounted cash

HDFC Bank, the most preferred wealth manager in India among high net worth clients surveyed by Euromoney, plans to add as many as 150 relationship managers by the end of 2020 to the current 250.

Nirmal Jain: The commodities trader who became a billionaire by managing India’s new money

The Mumbai banker’s $20 billion private-wealth-management unit has become India’s biggest by assets. Nirmal Jain has hit the jackpot serving the new rich in the...

Printline Media concludes first round funding with stellar list of investors

N.R. Narayana Murthy, Ratan Tata, Nandan Nilekani, Uday Kotak Family, Kiran Mazumdar Shaw, Bangalore-based tech entrepreneur Rajiv C. Mody, Paytm founder Vijay Shekhar Sharma, Chairman, LVMH Asia Ravi Thakran, IIFL founders Nirmal Jain, R. Venkataraman, Karan Bhagat and Yatin Shah are eminent investors in the venture.

On Camera

YourTurn

Representative image of an ethanol-blended fuel station plug | Wikimedia Commons

Ethanol blended fuel to power vehicles. Will it hurt your car’s engine?

India’s reliance on ethanol blended fuel is only set to increase in the wake of rising crude oil prices. But are we going to adapt in time?
A shopkeeper arranges stock at a grocery store in Bengaluru | Representational image | Bloomberg Photo

Inflation raised monthly expenses of 92% Indian families in last 3 months, finds online survey

A LocalCircles poll found that 70% of respondents felt their monthly household budget increased by 10% while 55% expected expenses to go up by another 10% in the next 3 months.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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