Best wishes for Mahaveer Jayanti today- to all Jains & others also. If Chinese & western world also make such transition- World will be a better place to live & never have repeat of Corona- Thousands of Japanese making a smooth transition from Zen to Jain
#coronavirus
interesting data to ponder. In India, on an average every day 1254 accidents kill 377 people. The 21 day lockdown therefore should save 8000 lives in accidents alone.. besides low pollution will save more lives. Stay safe! When life gets to normal, drive safe..
Elon Musk Jeff Bezos and all who have set aside billions of dollars to colonise the Mars, should immediately divert their resources to de-colonise the Earth from Corona..
Enable NBFCs to surge. If they shrink, a few will sink and raise a stink for entire system. The government has been very supportive of the NBFC sector. All it needs is to take other public institutions along and ensure no loss of intent in execution.
This is really funny! In a developed country?? It looks like a scene out of a Bollywood movie.. Via discreet airport lounge, Ghosn masterminded mystery escape from Japan
#COVIDVaccination
cost is not even one or two day's wages of even low income Indians. Lockdown GDP loss for a day would be more than cost of vaccinating. Why should governments negotiate or tender instead of buying what's available immediately & save lives ..
@PMOIndia
India’s competitive advantage is services! While Indian talent in technology has done wonders world over, there’s huge accounting and financial talent that can be unleashed. H’ble Minister’s initiative is laudable and is just first step!
Accounting and Financial services is one of the 12 champion service sectors that our Ministry of Commerce and Industry has identified to support and promote across the world.
With CM Fadnavis, after signing MOU for water project in Wardha on Maha Parivartan day where ₹500cr projects were signed. Was very impressed by young CM’s energy, open minded partnership for development of the state. Thanks and best wishes to Maharashtra government
It's a great opportunity for investors to lock in 10% pa return for their fixed income allocation in the portfolio!Buy IIFL Finance NCD to earn double digit returns
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Bitcoin has all that takes for a bubble, so similar to Tulip Mania, South Sea bubble, crowd pulled by greed by something enigmatic fictitious. As bubble grows sane advice looks foolish. Nobody knows how long will it last! Technology has some good use although
A chilling warning for India Summary advice “Infection is much more than the cases, Save the old from young, and Keep young away from each other to stop the spread”
My colleague trying to make sense of divergence in Marco & Market indices -Indian economy: Rising markets, falling economy: Which indicator will reverse first? - The Economic Times
KYC is what all banks do to register a new customer. KYB Know Your Bank and Know Your Broker is what all customers must go. I’d suggest don’t just for 1-2% higher interest or zero brokerage; pl do more diligence and be safe!
World fears one of the worst recession as job- income losses loom large from aviation hotels malls, disrupted manufacturing, every nation is preparing for fiscal/ monetary stimulus. In this context, India increases taxes on petrol, mobile phones. Are we unaffected or contrarian?
Felicitating Parameswaran Iyer at Off the Cuff event, champion of Modi’s Swachh Bharat mission. A pleasure to meet somebody doing good work with fullest dedication!
No NBFC, other than IL&FS has actually defaulted or shown any sign of distress or liquidity issue till now. Yet so much of rumour mongering and panic. In fact mutual fund, CP squeeze Sept rollover have been acid test for the sector. We must listen at data, facts and not hearsay
Was at ET Awards last night. Congratulations to all the winners. Was pleased to hear government commitment to revive economy, listen to industry and remedy the fear psychosis as well.
Now that the issue of Ram temple is settled, we can pray to the Gods for economic growth prosperity and peace. As PM has said this is not victory or defeat of anyone but is a settlement of a religious issue that became political. It’s unanimous decision of 5 learned judges. Amen!
Jim Walker said ”view on India is still very bullish on a long-term global strategy basis” in an interview with ET on the sidelines of the IIFL Enterprising India Conference. He added ”recapitalisation of the banks is critical for the sector’s recovery. ”
Services account for 62% of GDP, manufacturing 23%. Services generate more jobs for same capital input. In most segment of manufacturing, China is unbeatable with their scale and infra. Can’t agree more with Minister. India must focus on services only
I can’t understand the rationale. Covid is global problem and relatively India has been conservative fiscally. Unless they are downgrading the whole world? They have also downgraded many good companies in India as well..
Children’s day wishes from girls in our CSR run school in Rajasthan. Really sweet! IIFL Foundation is helping 35000 out of school girls in 1164 villages, to get primary education..
Mumbai is one of the most congested cities in the world. People live in small apartments, chawls, even on streets. Shutting down local train, considered lifeline, can cause undue hardship on people. Government should evaluate pros and cons before lockdown of city like Mumbai
We are working to remove illiteracy in Rajasthan villages- focusing on girl child education. When a boy is educated, one life changes, when a girl becomes literate, two families have potential to change!
Rohit Sharma our star, plays with ‘straight bat’ and does ‘straight talk’
#SeedhiBaat
is IIFL Finance brand ambassador. In a world of convoluted political diplomatic communications, IIFL endeavours to stand out for talking straight & honestly to our customers.Stay home Stay safe!
My piece in The Fortune on NBFC Sector: Road Ahead- the Achilles' heel is exposure of wholesale NBFCs to real estate developers in high priced segment in Mumbai/ Delhi
I think NBFC sector fears are exaggerated. Sector has robust regulatory framework, is growing well helping financial inclusion-nation’s growth by delivering credit to underserved!Excessive panic can cause heart attack in a healthy body. Equity sentiment alwys moves in a pendulum
Covid19 has disrupted the whole world. The post Covid world will see revolutionary FinTech disruptions. We are keen to partner, invest, collaborate with FinTech startup’s passionate to disrupt & change the world of finance.
#IIFLDisrupt
: Reach our to us
Award for IIFL FINANCE Risk Management practices- a function that’s more important than anything else in Lending business. Our team has to learn continuously and be on their toes- Award is but one milestone in the continuing journey!!
IIFL Securuties Ad now on TV- about AAA a tablet that can be entire office with real time terminals for a financial advisor. First of its kind and a revolutionary concept. Do checkout the website ..
IIFL Wealth Mumbai International Chess Tournament has been a catalyst for growing the game. Very encouraging turnout this year and I’ve personally watched this platform grow over the last 5 years.
@IIFLWealth
Mumbai International Chess Tournament
@ekaiiflchess
@EKAbyIIFLIM
Why do you need Aadhaar and PAN both? Use Aadhaar as unique identity in Income Tax as well.. file IT returns with Aadhaaar, and PAN mention be discretionary: PAN to become inoperative after March 31 if not linked with Aadhaar: Income Tax Dept
We are really proud of this award as we go all out to continuously upgrade skills of our people, make them ready for not next level alone but for fast changing world also ...
Simple to avoid Nirav Modi repeat- all banks can put up on their websites- large loans, guarantees etc, for auditors, other lenders to verify. In facts it wd be a crude version of block chain technology!
I participated in panel discussion in a CRISIL event, with other industry stalwarts including my friend Rashesh, on NBFC sector. The road ahead is different but very optimistic ..
This is really positive and pragmatic. In fact, regulators are moving faster on technology than the industry!! Relief for financial firms as RBI allows video KYC
For RBI, banks; crisis is time to be accommodative & not combative.Risk averse banks by not allowing moratorium, are putting their existing exposure to nonAAA NBFCs at risk- it’s a lose lose scenario.Thankfully Govt Is steeping forward to avoid the exacerbation of NBFC crisis 2.0
Like Rahul Bajaj, everybody, specially industry leaders, intellectuals should speak fearlessly. Constructive criticism is the bedrock of democracy! It only helps government make superior policy decisions.
Auto sector has led the slowdown of consumer discretionary spend and economy macro numbers. Looks like it will lead the revival too. Maruti Suzuki production up 7.88 per cent in December at 1,15,949 units
When Trump was meeting Modi, I had the pleasure of meeting an Indian who has reached the pinnacle of capitalism in a free world- Satya Nadella. He’s still down to earth and very clear in his thoughts and strategy, so well differentiated from other interment era giants!
IIFL WEALTH wins all the awards at EUROMONEY 2020 for INDIA. Including the Best Private Bank in India. There were 16 categories of awards and IIFL Wealth won all 16. The 100% sweep is 100% trust of customers as acknowledged by the peers, whose ratings determine the winners!
I agree - not all diamond traders are thieves. Always wondered how auditors or investors or lenders can get confidence in a business where one can carry all assets in the trouser pocket!
The state has a long way to further evolve to have perfect process for justice.Some exceptional cases call for exceptions to due process. We work on the judicial system to be quick & efficient but till then the state shouldn’t wait for putting fear of God in the heinous criminals
Anybody cheering mafia-style Hyderabad ‘justice’ should never complain about ISIS beheadings, Taliban lynchings & Maoist kangaroo court executions. Modern, civilised state evolved over millennia, but we still have no patience for due process—as long as victims are ‘others’..
#BREAKING
| According to the World Bank, India becomes a part of group of 10 countries that conducted most reforms
Given the size of India's economy, reform efforts are commendable,
@WorldBank
says in its report on Ease of Doing Business, 2020
STT was introduced in llieu of long term capital gain tax. It’s a pity that STT remains and LTCG tax is back. It’s okay to tax LTCG but STT should be removed.
Milind Barve and his team’s hard work, in building a robust business and No1 brand, for 18 years is getting recognised today! Congratulations and best wishes Milind
Delighted to share that IIFL has won 2020 National Award for CSR and Sustainability- Our Sakhiyo ki Badi project is growing and getting media attention too- National Girl Child Day 2021: Most Successful CSR Projects - The CSR Journal
#JantaCurfew
Not a child on the street in Juhu which on a typical Sunday would be abuzz. Our governments have done a commendable job of creating awareness without panic & people have cooperated fully as well. Pray India comes out unscathed and stronger from the corona crisis ..
Coronavirus, SARS, Swine flu all have come from China, animal to human to human.. the way they handle animals for food. While so much noise about Global warming, the world needs to wake to Global wOrming as well.. :)
Every Indian should be proud of this day-Article 370 is revoked. India is one nation, its integrity unity is non-negotiable. The aberration lasted too long for lack of political courage. We’d love to see Kashmiris integrate with rest of India as Bihari Tamil Marwari Bengalis have
Tax laws should be simplified such that very little left to interpretation and therefore hardly any dispute can arise.. reduce nos of disputes and not just time to resolve them.. Govt mulls mediation to solve tax issues with companies
#9PM9Minutes
Lighting lamps with family- a great feeling to unify with all fellow Indians as
#IndiaFightsCoronavirus
Becoming one with 130 crore people, led by
@narendramodi
.. India will win this invisible enemy sooner than we expect ...
The first and significant cue to end of slow down, green shoots of revival in the economy.. Maruti raises production by 4% in Nov after 9 straight months of output cut
Must give full credit to Government not only for timely and decisive action but also for choosing Mr Uday Kotak, a person with best credentials, to restore investor confidence and turnaround a large institution like IL&FS..
All Exit Polls indicate vote for stability with clear majority for NDA. Market will heave a sigh of relief. Let’s look forward to reforms continuing and economy getting stronger.
IIFL’s
#financialliteracy
campaign, a 2 minute video, fun to watch, common man’s repeated mistakes-
#GareebBanneKeTareeke
wins at
#IPRCCA
Awards for 'Most Innovative Story Telling in
#PR
in Digital Age'. The most viewed financial literacy animation on
For onion prices,
Monetary policy or interest rates can do nothing. Short term solution is this- import. Long term we need investment in cold chain storage near all major producing centres/ markets- Onion from Afghanistan cools down prices in India
Pleased to share that IIFL Foundation won two awards at the CSR Summit 2019 : Best CSR Impact Award for Wadhona Nullah recharge in Maharashtra & Best Innovative CSR Project Award for Financial Literacy Centre project in Eastern and North-Eastern India
Nothing can be more deplorable than caste clash & violence in 21st century, for a country that’s rising globally in every field! I believe that these violence/ bandh are never triggered or pursued by any common man but only by some dirty politicians and their paid goons...
#CoronavirusLockdown
what about millions of homeless/ daily wage people, urban poor prople cramped up in small rooms.Most of them are not on Twitter. The cases were not shooting up in India. May be PM & authorities know what we don’t. We hope remedy is not worse than the malady!
The Economic Times (
@EconomicTimes
) recognizes IIFL Finance as India's most Promising Brand in the BFSI segment and as the top brand in the roll of honour across all categories. Congratulations to all customers, employees and shareholders
#ETPromisingBrands
@JainNirmal
Thanks to concerted efforts by RBI and Government, NBFC recovery is becoming visible. In next few months, the recovery is bound to gather pace. A health check of NBFCs shows nascent recovery
Really excited about India in next 5 years, clean and stable government in India when most nations face tumultuous times, will attract generous capital flows, coupled with continuance of progressive polices should make us a leading nation. Markets have reasons to be LT bullish!
Rich nations are enjoying jobs boom and India struggles. Paradoxically, high taxes on corporates and rich, result in lower private investment and fewer jobs!
This driverless truck hauled 40,000 pounds of butter from California to Pennsylvania in just 3 days in the first coast-to-coast trip with an autonomous vehicle
My heart felt solidarity with Chinese people & pray for quick recovery of all with minimal casualties, still India must step forward to fill the gap created by China’s calamity. It’s not a temporary but likely a structural change in global manufacturing.
Bitcoin seems scam of the century. No idea who’s controlling software code, no underlying value. You hear somebody made ₹20L in a day, there’s research & technology behind it, it’s not bubble, I’m worried. Many people will have to rediscover there’s no easy money in this world!
We are excited to have Anup on board. IIFL AMC is at its tipping point and Anup with his stellar track record and impeccable reputation has the credential to lead IIFL AMC to its next orbit of growth! Cheers!!