finance – Page 11 – THE ECONOMIC INDIA

10 Dec

Annapurna Finance Secures Dollar 109.5 Million Through Multilateral ECB Transaction

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New Delhi [India], December 10: Annapurna Finance Private Limited (AFPL), a leading Micro & SME Finance institution in India, has raised $109.5 million through a multilateral syndicated social loan facility under the External Commercial Borrowing (ECB) framework. The transaction was exclusively arranged by Standard Chartered Bank (SCB). The facility involved 10 reputed financial institutions from South East Asia, Middle East, and Africa. It was structured under a Social Financing framework which was reviewed and validated by S&P Global, supporting Annapurna’s focus on financial inclusion. There is a green-shoe option to raise an additional $40 million apart from the above-mentioned amount. Funds to Support Rural and Underserved Communities.…

03 Dec

Future Trends and Predictions in Gold Trading- Alex Volkov, Market Analyst at VT Markets

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New Delhi [India], December 03: As we progress further into the 21st century, gold continues to symbolize wealth and serves as a dependable means of preserving value, especially during uncertain economic times. The landscape of gold investment has transformed, largely due to technological advancements. Many investors now prefer digital options over traditional physical gold, turning to solutions like digital gold and exchange-traded funds (ETFs). ETFs offer numerous benefits, including liquidity, diversification, lower fees compared to mutual funds, tax efficiency, ease of trading, and the ability to gain gold exposure without owning it physically. These modern alternatives provide greater flexibility and…

02 Dec

The Impact of Turnover on Business Valuation and Growth Strategies

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New Delhi [India], December 02: Entrepreneurs, investors, and stakeholders need to comprehend the impact of turnover on firm valuation. Turnover indicates a business’s operational stability, capacity for expansion, and sales effectiveness. To run a business smoothly, it is important to understand the meaning of turnover and analyse the connection between turnover, business value, and growth plans. What is Turnover? In the context of business, turnover meaning refers to the total revenues that a firm generates over a given period, usually expressed as an annual figure. It is a crucial indicator of a business’s ability to sell goods or services fast…

02 Dec

Effective Ways to Plan and Manage Your Educational Loan Repayment

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New Delhi [India], December 02: Repaying an Education Loan requires careful planning to avoid financial stress later on. Many students today take out loans to fund their higher studies, both in India and abroad, thanks to attractive interest rates and easy application processes. However, managing repayment is key to staying on top of your finances. In this guide, we’ll explore effective ways to plan and manage your Education Loan repayment. How to Manage Education Loan Repayment? Here’s how you can manage your education loan repayment step-by-step: 1. Understand the Terms and Conditions of Your Loan Before beginning to repay your…

30 Nov

SUD Life Launches New ULIP Funds to Play the India Growth Story and Create Wealth for Policyholders

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Mumbai (Maharashtra) [India], November 30: Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life) has launched two new funds – the Viksit Bharat Fund and the New India Leaders Fund, as part of its Unit Linked Insurance Plan (ULIP) offerings. The Viksit Bharat Fund will invest in businesses that are focused on the transformation of the India of today into the Viksit Bharat of tomorrow. The multi-cap, sector-agnostic portfolio of Viksit Bharat Fund will have exposure to emerging as well as established companies that are driving long-term development and value creation in the ecosystem. The fund is ideal for those…

28 Nov

Rahul Dravid Fronts Shriram Finance’s Uplifting Campaign – TogetherWeSoar

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Mumbai (Maharashtra) [India], November 28: Shriram Finance Ltd., a pioneer in India’s financial services sector, has unveiled its latest campaign, “#TogetherWeSoar,” an ode to the transformative power of partnerships. The campaign captures the essence of India’s unstoppable spirit and Shriram Finance’s unwavering dedication to being a trusted partner in the financial journeys of millions. At the heart of the campaign is cricketing legend Rahul Dravid, known for his resilience and unflinching commitment. Dravid steps into the role of Shriram Finance’s brand ambassador, sharing his personal philosophy of perseverance and teamwork to inspire others to embrace partnerships that empower them to…

21 Nov

Budget Smart: Using a Home Loan EMI Calculator for Financial Planning

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New Delhi [India], November 21: Purchasing a house is a thrilling experience that involves a financial commitment to consider carefully. Your journey can be made easier by ensuring budget planning from the start. A housing loan calculator could prove to be a great financial companion in assisting you with budgeting and efficient financial planning. Scroll down and read this article to explore how a housing loan calculator can act as an asset for simplifying the process of buying a home with less stress. What is a Housing Loan Calculator? The housing loan emi calculator is an online financial tool that…

12 Nov

Annapurna Finance Recognized for Leadership in Client Protection and Financial Literacy

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Bhubaneswar (Odisha) [India], November 12: Annapurna Finance Pvt. Ltd. (AFPL), a leading NBFC-MFI in India, has been highlighted in 60 Decibels’ 2024 Microfinance Index for its transformative role in enhancing the financial resilience of underserved communities. With a significant focus on women borrowers and rural clients, AFPL’s impact spans income growth, improved quality of life, and increased household decision-making power among its clients. The 60dB Microfinance Index, an annual benchmark in the sector, analyzed feedback from over 36,000 clients across 45 countries. AFPL is acknowledged as one of the top-performing Financial Service Providers (FSPs) in Asia, with high scores in…

04 Nov

Rajkot Municipal Corporation Issues Rs 100 Crore Bond to Boost Infrastructure and Services

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Rajkot (Gujarat) [India], November 4: Rajkot is a city in the Western Part of Gujarat. It is the fourth largest city in Gujarat. In terms of migration, it has the highest migration in western Gujarat, popularly known as Saurashtra. Due to this migration, the city has witnessed huge population growth. The town is very popular for MSME and light automobile ancillary. The city has a distinct DNA of innovation, which keeps it ahead of its competitors in terms of cost advantage. Also, looking at this aspect, the State Government expands the city limit almost every five years. As a result,…

28 Oct

Microfinance Loans at Rs 4.42 Lakh Crore Need Sustainable Financing to Boost Income Levels

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New Delhi [India], October 26: The ‘Bharat Microfinance Report’ released by Sa-dhan, India’s largest self – regulatory organisation of Impact Finance Institutions, has observed that the micro-finance institutions, particularly the ‘For – Profit’ organisations like NBFC-MFIs, NBFCs and SFBs should follow more caution for ensuring a better quality of assets and growth while exploring the ways of sustainable inclusive finance. Sa-dhan released the report during its two-day 19th Sa-dhan National Conference on Inclusive Growth 2024 happening in New Delhi. Shri Jiji Mammen, Executive Director and CEO of Sa-dhan said, “The micro-finance sector needs to move into a sustainable mode; so as to…