Category Archives: Finance

An Indian car loan player is planning to provide loans to home buyers

Cholamandalam Investment & Finance Co is an Indian financier for vehicles, the company is now planning to set up a mortgage-finance unit undeterred by a credit crunch that is rolling shadow banks in the country. A housing finance subsidiary is going to help the company grow its loan book faster as said by Cholamandalam’s Executive… Read More: An Indian car loan player is planning to provide loans… »

Exports up 2.25 percent in July; trade deficit narrows to a four-month low

According to government data on Wednesday, India’s exports growth showed positive in July, it increased by 2.25 percent, while trade deficit reduced to a four-month low of USD 13.43 billion. Exports increased to USD 26.33 billion in July as against USD 25.75 billion in the same month last year. The reduction in the overall imports,… Read More: Exports up 2.25 percent in July; trade deficit narrows to… »

India’s payment apps battle to catch China in squeezing out cash

India’s rapidly increasing market for digital payments is posed to get more crowded as the country races to catch up with China in squeezing out the use of cash, according to the head of the South Asian nation’s payments network. This basically means that Indians will continue to face a bewildering array of payments apps… Read More: India’s payment apps battle to catch China in squeezing out… »

Finance ministry to consult law ministry on FPI surcharge

The finance ministry is soon going to consult the law ministry on how to provide relief to foreign portfolio investors from the super-rich surcharge that was announced in the budget session on July 5. The government is trying out different options and the one that will prove to be most effective and legally feasible will… Read More: Finance ministry to consult law ministry on FPI surcharge »

Aye Finance raised $10 million debt from responsAbility

Aye Finance Pvt ltd happens to be a small business lender. It has recently raised $10 million debt from responsAbility Investments AG which is a Swiss impact investor, as reported by a senior executive. Sanjay Sharma, managing director, in a phone interview, said: “We plan to use the funds raised for growth, to lend more… Read More: Aye Finance raised $10 million debt from responsAbility »