Horizon Financial Consultants Private Limited

14/12/2020

The Hiranandani group has around 2,000 acres of land bank across major cities for development of housing, commercial, data centre and warehousing projects.

11/12/2020

L&T Technology Services said it has been selected by a global oil and gas major to be the primary engineering partner

29/09/2020

Walmart Inc is in talks with Tata Group for a potential investment of up to $25 billion in the salt-to-software conglomerate's new "super app", a newspaper reported on Tuesday, citing people familiar with the matter.

According to ongoing discussions between the two companies, the super app could be launched as a joint venture between Tata and Walmart, leveraging on the synergies between Tata's e-commerce business and Flipkart, Walmart's e-commerce unit, according to the report.

26/08/2020

According to the RBI, a major chunk of the frauds were reported on the advances front with 4,610 cases for Rs 1,82,051 crore, which works to around 98 per cent of the total value of frauds. Public sector banks topped the fraud table with 4,413 cases involving Rs 1,48,400 crore. Private banks reported 3,066 frauds involving Rs 34,211 crore.

However, the RBI indicated that the frauds registered during 2019-20 actually occurred in the previous years. The average lag between the date of occurrence of frauds and their detection by banks and FIs was 24 months during 2019-20. In large frauds — Rs 100 crore and above — the average lag was 63 months. The sanction of the credit facility in many of these accounts was much older.

24/08/2020

“There is so much liquidity in the system, in the global economy, that’s why the stock market is very buoyant and it is definitely disconnected with the real economy”, Das said.

18/08/2020

Reports say that the RBI is looking to hike its gold reserves to 10% of its total reserves as opposed to the current 6.5%.

A Central Bank buys gold for the same reason that households do. It's a safe investment.

Whenever there is a fear of a crisis, RBI buys either gold or US dollars – the world's two safest bets.

06/08/2020