Sustainability-focused funds attracted record inflows during the first quarter, pushing global assets under management in ESG funds to nearly $2 trillion, according to a report from Morningstar released Friday.The rise underscores the momentum behind ESG investing, or when environmental, social and governance factors are considered. Assets in these types Read More
Bank loans to both large industries as well as small scale sector contracted in the Covid hit fiscal year, but the silver lining was the farm sector and the medium sized industries which were handheld by the government with special schemes with subsidies.
Agri loans rose by 12.3 per cent Read More
The finance ministry has invited applications for the post of Insurance Regulatory and Development Authority of India (Irdai)chairperson, which is set to fall vacant next month. The incumbent chairman Subhash Chandra Khuntia, IAS (retd) of 1981-batch, was appointed in May 2018 for a period of three years.
Applications are Read More
Chris Ratcliffe | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading. Amazon — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to Read More
has reiterated its cautious view on business even as it expects a better chance of economic revival due to increasing pace of vaccinations, normal monsoons and pent up demand for key business segments like vehicle loans.
CEO Sumant Kathpalia said the bank continues to remain cautious despite an improvement Read More
Private lender on Friday said it is reorganising itself into three areas of Business Verticals, Delivery Channels and Digital to further build its execution muscle, under “Project Future – Ready". The creation of focused business verticals and delivery channels will enable it to capitalise on the opportunities across Read More
has pinned hopes on a faster economic recovery despite the second surge in Covid 19 cases even as it grapples with higher slippages more than a year after a government backed bail out led by .
CEO Prashant Kumar said he expects the economy to recover faster this fiscal Read More
Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019.Johannes Eisele | AFP | Getty ImagesWarren Buffett will kick off Berkshire Hathaway's annual shareholder meeting this Saturday riding high, with shares of the conglomerate at Read More
Exxon Mobil returned to profitability during the first quarter, beating top- and bottom-line estimates for the period, as the company recovers from the havoc wreaked on the energy sector by the coronavirus pandemic.The oil giant earned $2.7 billion during the period. The company posted earnings per share of 65 Read More
Avishek Das | LightRocket | Getty ImagesRobinhood, the free-trading app that helped drive a surge in retail investing during the pandemic, has switched to using JPMorgan Chase to handle crucial money transfers into customers' accounts.The start-up emailed customers this week to say that it is now using JPMorgan, the Read More