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| 28 October, 2020, 11:08 PM IST | E-Paper
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    Finance

    Lenders of DHFL ask bidders to further sweeten offers by four suitors

    Earlier this month, DHFL had received four bids for either picking up stake in the company or buying out assets. The four bidders are Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy.

    Economy saw growth rebound through Q2FY21: Nomura

    The Nomura Monthly Activity Indicator, which takes into account high-frequency indicators from across sectors, improved to -8.6% year-on-year in September from -19.7% in August and a record low of -37.8% in June, “implying a swift GDP growth rebound”, the firm said in a report on Tuesday.

    DHFL lenders set October 30 deadline for revised offers, flay Wadhawan

    The committee of creditors (CoC) met Monday analysing the bids it had received from Oaktree, SC Lowy, Adani Capital and Piramal Group. It will likely meet on Saturday to take a call on revised bids, three people with knowledge of the matter told ET. Lenders are in favour of negotiating hard with bidders as they aim to maximise value of assets.

    RuPay card users can avail up to 65 per cent discount on various purchases : NPCI

    RuPay cardholders can revel in celebrations by availing attractive offers from not only categories such as health, fitness, education, e-commerce - which are most relevant and significant amid current scenarios - but also from dining and food delivery, shopping, entertainment, wellness, pharmacy and others.

    LIC HFL sanctions over Rs 1,000 crore loan to pensioners in 2 months

    LICHFL also expects a good festive sale on the back of stamp duty cut in many markets, falling interest rate and its festive offer to waive off processing fee for between October 1 and November 30.

    RBI, NPCI mull stricter checks for digital pay amid growing antitrust, data privacy issues

    RBI, NPCI mull stricter checks for digital pay amid growing antitrust, data privacy issues

    As reported by ET on October 21, a surge in online payments since the onset of the pandemic is leading to high rates of transaction failures and a pile-up in credit reversals, as banks aren’t investing sufficiently to upgrade their infrastructure since they have no incentive to do so.

    Avendus Capital looks to treble asset management biz AUM to $3 billion by 2024

    Avendus Capital looks to treble asset management biz AUM to $3 billion by 2024

    Its management, led by co-founder and vice-chairman Ranu Vohra, has set a target of taking it to over $3 billion (over Rs 22,000 crore) over the next four-five years and to ensure that half of the incremental growth comes from overseas.

    Religare gets interest from some investors for RFL; introduces them to lenders

    Religare gets interest from some investors for RFL; introduces them to lenders

    According to banking sources, Religare Enterprises introduced a couple of investors for RFL to lenders in a meeting with bankers held recently.

    GST officials bust racket for availing Rs 50 cr illegal ITC; 1 arrested

    GST officials bust racket for availing Rs 50 cr illegal ITC; 1 arrested

    Prince Manish Kumar Khatri, a third-year student and a partner of a CA firm in Ahmedabad, allegedly registered fake firms that were used to avoid paying Goods and Services Tax (GST) by showing bills generated by them as ITC.

    DHFL’s creditors may seek higher bid from Oaktree, committee to decide on Monday

    DHFL’s creditors may seek higher bid from Oaktree, committee to decide on Monday

    According to sources, lenders are likely to ask Oaktree to improve the offer given that the bid amount is almost Rs 10,000 crore lower than their expectations.

    SBI Card sees spike in default, 9% avail recast, spends dip 10%

    SBI Card sees spike in default, 9% avail recast, spends dip 10%

    Around 84% of SBI Card’s customers are salaried, of which 38% work in the public sector and 24% in large corporates. Yet, 9% of its receivables of Rs 24,000 crore are under the RBI’s resolution plan, indicating that these borrowers are facing financial stress.

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