Topic: microlenders
Newest bank to list, Ujjivan Small Finance debuts with as much as 70% in IPO
Ujjivan Small Finance shares climbed as high as Rs 62.80 before closing the session at Rs 56 in Mumbai, up 51% from the IPO price.
Satin Creditcare, one of India’s top microlender, seeks $900 million to fund loan growth
Credit ratings of Satin haven’t seen a downgrade by any of the four rating companies as the lender doesn’t rely on mutual funds for financing requirements.
Students in Kashmir attended regular classes for only two weeks in the last one year
The price Kashmir’s economy paid for 5 August: ₹40,000 cr and unemployment levels twice the national average.
India isn’t facing up to the true financial cost of Covid
Truth is currently as scarce as capital in India. The govt doesn’t have the appetite for large-scale socialisation of private losses, lest the opposition accuse PM Modi of cronyism.
Defence
India, China generals meet today as ‘PLA keeps up Pangong incursions, blocks army at Depsang’
The fresh round of dialogue comes as India and China have hit a stalemate in military talks with regard to disengagement at multiple flashpoints in Ladakh.
Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version
Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.