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That makes the agent an adviser and builds a fiduciary (responsibility towards the client) relationship (REUTERS)
(Photo; Reuters)
Fresh project launches decreased significantly in the last few months as developers remained cautious (Photo: Mint)
Finance minister Nirmala Sitharaman. pti (MINT_PRINT)
Photo: Mint
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Sashidhar Jagdishan had joined HDFC Bank in 1996
Photo: Bloomberg
Photo: Bloomberg
The holding company aims to use the proceeds to start new ventures in areas such as insurance and asset management, subject to RBI’s approval, Ghosh said. (Mint)
The holding company aims to use the proceeds to start new ventures in areas such as insurance and asset management, subject to RBI’s approval, Ghosh said. (Mint)

BlackRock, three others buy 10,600 crore of Bandhan Bank shares

  • The holding company aims to use the proceeds to start new ventures in areas such as insurance and asset management, subject to RBI’s approval, Ghosh said
  • Some of Bandhan Bank’s profitability metrics, including return on assets and return on equity, are the highest among Indian banks

Unless prices for generics increase significantly, that wouldn’t be economically viable. (Pradeep Gaur/Mint)
Unless prices for generics increase significantly, that wouldn’t be economically viable. (Pradeep Gaur/Mint)

The world’s one-time pharmacy now has a globalization headache

  • The generics business is one of extreme price pressures
  • Europe remains a manufacturing hub for more lucrative prescription medicines, and the most obvious answer might be to build more factories there

A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi. (REUTERS)
A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi. (REUTERS)

RBI board to meet on 14 August over dividend

  • The dividend from RBI will come at a time when the Centre’s finances are under severe strain
  • The government has budgeted 60,000 crore as dividends from RBI and state-run banks and financial institutions, according to the Union Budget 2020-21

Large NBFCs such as Shriram Transport Finance are relatively better off than the rest but may not be completely free of stress.mint
Large NBFCs such as Shriram Transport Finance are relatively better off than the rest but may not be completely free of stress.mint

Amid churn, non-banks explore consolidation option

  • InCred, an NBFC backed by global private equity firms, including Investcorp, is seeking a merger with wholesale NBFC biz of PE firm KKR
  • NBFCs such as Shriram Transport Finance, Mahindra and Mahindra Financial Services and PNB Housing Finance are relatively better off, but may not be free of stress

Sentiment towards the 12-month business outlook improved for the second month in a row.
Multiplexes are not showing such desperation yet, but the going is equally tough for them. (Indranil Bhoumik/Mint)
Multiplexes are not showing such desperation yet, but the going is equally tough for them. (Indranil Bhoumik/Mint)

Covid-19 impact: Curtains for some cinema screens

  • According to trade experts, since the beginning of the lockdown, 10-12% of cinemas have shut down permanently
  • India had 6,327 single screens and 3,200 multiplexes as of 2019, according to the latest Ficci-EY media and entertainment industry report

Most firms in metros confirmed their intent to step up hiring of blue-collar and entry-level staff.
(File photo: HT)
Following the capital raise, Yes Bank’s common equity tier 1 ratio will more than double from 6.6% to 13.4% based on the bank’s capital position at the end of June, bringing its capitalization largely in line with its private sector peers.
Following the capital raise, Yes Bank’s common equity tier 1 ratio will more than double from 6.6% to 13.4% based on the bank’s capital position at the end of June, bringing its capitalization largely in line with its private sector peers.

Moody’s upgrades Yes Bank by a notch following capital raise

According to Moody’s, Yes Bank’s funding and liquidity have moderately improved in Q2 of 2020

Photo: Mint
While diesel demand typically falls at this time of the year due to the monsoon, the decline exceeds the 8% month-on-month drop at the same point last year. (Photo: Mint)
While diesel demand typically falls at this time of the year due to the monsoon, the decline exceeds the 8% month-on-month drop at the same point last year. (Photo: Mint)

India diesel sales: 2nd wave of lockdowns take hefty toll

Diesel sales at India’s three biggest fuel retailers dropped 13% in July from the previous month and were down 21% year-on-year

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