Indian News

The most durable trust in financial services is never built in boardrooms or through marketing campaigns. It is built one customer at a time, one transaction at a time, and one promise kept at a time. V.P. Nandakumar's career at Manappuram Finance is the clearest available demonstration of what that kind of trust building looks like over a lifetime of leadership. There is a distinction in financial services between institutions that are known and institutions that are trusted. Many financial companies achieve the first. Far fewer achieve the second. V.P. Nandakumar built Manappuram Finance into an institution that achieved both, and the path he took to get there holds lessons that every leader in the sector should understand. V.P. Nandakumar's career at Manappuram Finance has been defined by a consistent focus on the customer that many financial services leaders acknowledge in principle but compromise in practice. The customers Manappuram Finance serves are often individuals ...

Manappuram Finance Ltd, one of India’s leading non-banking financial companies (NBFCs), is proudly celebrating its 75th anniversary this year. The company was founded in 1949 by the late V.C. Padmanabhan in the village of Valapad , located in Kerala’s Thrissur district. His goal was simple — to help local villagers by providing them with financial support. Today, under the leadership of his son V.P. Nandakumar , who serves as the Managing Director and CEO , Manappuram Finance has grown into a major financial institution with an Asset Under Management (AUM) of Rs 42,070 crore , serving a large customer base across India. The company now offers a wide range of financial products such as personal loans, business loans, and vehicle loans , along with its core gold loan services . Reflecting on this remarkable 75-year journey, V.P. Nandakumar expresses his heartfelt gratitude to his team for their dedication, hard work, and continuous support in building Manappuram Finance into what i...

India's ambitious target to achieve net-zero emissions by 2070 has spurred the exploration of innovative avenues to curb carbon emissions. In the face of global climate change challenges, nations worldwide are striving to reduce their carbon footprint and adopt sustainable practices. A notable development emerges from the Power and New & Renewable Energy Ministry, where India is considering permitting the overseas trading of carbon credits linked to Green Hydrogen with other countries.  Mr. ES Ranganathan remarks, "India, a dynamically diverse nation with a rapidly growing economy, has witnessed a rise in carbon emissions, particularly from the energy and industrial sectors." He underscores the advantages of this move, stating, "Enabling overseas carbon credit trading can expedite India's emissions reduction efforts. By procuring carbon credits from other nations, India can effectively offset its emissions, particularly in challenging sectors. Understanding ...

The term 'Hedge Fund' is well-known to sophisticated investors in the United States, where thousands of hedge funds dot the financial landscape. However, hedge funds are much less discussed in India. PR Sundar Finfluencer , a stock market expert, sheds light on the staggering volume of options trading in India, particularly on the NSE, the largest derivative exchange in the world. "Reports indicate that the money involved in Futures and Options trading surpasses the cash market by over 400 times. According to Sundar, the second-highest is 36 times in Germany, and India's options volume is even higher than that of the United States." The management of retail investors' funds becomes a breeding ground for problems amid this frenzied activity. PR Sundar warns, "Individuals lure retail investors by promising to manage their money, only to trade recklessly on their behalf, causing substantial losses." Managing other people's money (such as hedge fund...

Tax planning is an integral facet of managing personal finances strategically, aiming to minimize tax liabilities and optimize savings within the bounds of legal provisions. Alok Kumar Agarwal, representing Alankit, underscores the importance of comprehending tax laws, regulations, and exemptions tailored to individual circumstances. The essence of tax planning lies in legitimate methods and provisions, steering clear of illegal activities or tax evasion. The process of tax planning unfolds through a series of strategic steps, commencing with a comprehensive evaluation of an individual's financial landscape encompassing income, expenses, investments, and assets. This assessment serves to pinpoint potential areas for tax optimization. Alok Kumar Agarwal Alankit emphasizes, "To engage effectively in tax planning, staying abreast of tax laws and regulations is imperative." This includes staying informed about changes in tax legislation and understanding available deductions...

In the dynamic realm of real estate, Ambience Group has consistently stood as a beacon of innovation and expansion. The journey of Ambience Group is a testament to their pioneering Go-To-Market strategies, poised expansion plans, and unwavering commitment to thought leadership. According to Ambience Mall Promoter , their vision is centered on innovation, anticipating future needs, adaptability, and steadfastness. They are dedicated to refining benchmarks, fostering fairness, maintaining a diligent work ethic, paying meticulous attention to detail, and surpassing client expectations. The Go-To-Market Strategy: A Blueprint for Success Established in 1986, Ambience Group Promoter have redefined upscale real estate in Delhi and the National Capital Region (NCR). Their journey began with a focus on high-end residential apartments in South Delhi, eventually expanding into landmark ventures such as the iconic 'Ambience Island' along NH-8. The Promoter of Ambience Group highlights thei...