Retail investors hold shares worth Rs 232 crore in the scam-hit home financier whose equity holding will be wiped out soon. Are more investors walking into the trap?
The scam-hit lender continues to face a fresh bout of soured loans, creating a delay in the RBI-administered recovery
At the last count, India has 887 active loans apps, according to a study. The US comes at a distant second with 112 apps
“It is really strange. The stock will not have any value once it is delisted. Gullible retail investors, who hope to make a quick buck, are buying into the stock,” said a stock market executive who heads the capital market strategy division of a leading brokerage
Those who have invested their life savings of over Rs 10 lakh will see most of it wiped out
After having hit a rough patch during the pandemic, the jewellery retail chain, which received Sebi nod on October 15, plans to hit the market before fiscal-end
As Covid-19 wreaked havoc in the US and Europe in 2020, a legion of students decided to pursue education in domestic colleges and opted out of their 'foreign' dreams
Monthly transactions at ATMs using credit cards have dropped to 4.64 lakh in November, 2020, nearly by a half since March 2020, according to the recent RBI data
Jewellers dealing in black market can save 5.5% tax (3% GST and 2.5% cess), much more than the earlier 3% tax, by undertaking cash deals.
The working group formed by the Reserve Bank of India (RBI) to study aspects of digital lending activities by regulated as well as un-regulated players, has listed out over 1,000 illegal mobile lending apps that are busy wooing hapless customers stuck in urgent need of cash. “We do not know how many mobile app-based lending companies are […]