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Nirmal Jain Profile
Nirmal Jain

@JainNirmal

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Founder & Chairman, IIFL Group- FCA, ICWA, PGDM (IIM-Ahmedabad) Tweets are personal views and may not have IIFL endorsement.

Mumbai
Joined January 2010
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@JainNirmal
Nirmal Jain
4 years
#PMCARES India Dares.. IIFL Group @IIFLCorporate @IIFLWEALTH makes humble contribution of ₹5 crores to PM CARES fund to help #IndiaFightsCorona under your leadership @narendramodi We shall engage our 18000+ employees as well to mobilise more support for this cause @PMOIndia 🙏
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@JainNirmal
Nirmal Jain
4 years
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
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@JainNirmal
Nirmal Jain
4 years
#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..
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@JainNirmal
Nirmal Jain
4 years
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..
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@JainNirmal
Nirmal Jain
4 years
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.
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
6 years
IIFL Group should not require any further dilution in near term: Nirmal Jain
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@JainNirmal
Nirmal Jain
3 years
#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
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@JainNirmal
Nirmal Jain
6 years
Indian economy’s strength-despite such high real interest rate, Ind prodn up 7.5% for Jan, CPI softens 4.4% for Feb
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@JainNirmal
Nirmal Jain
5 years
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!
@PiyushGoyal
Piyush Goyal
5 years
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.
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@JainNirmal
Nirmal Jain
6 years
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
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@JainNirmal
Nirmal Jain
3 years
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 Download Economic Times App to stay updated with Business News -
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@JainNirmal
Nirmal Jain
7 years
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
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@JainNirmal
Nirmal Jain
4 years
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”
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
5 years
Financials one of the best ways to play India story: Jonathan Schiessl, IIFL via @economictimes
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@JainNirmal
Nirmal Jain
4 years
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!
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@JainNirmal
Nirmal Jain
6 years
My views on PSU banks, current crisis, will they survive? Options with government & regulator..
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@JainNirmal
Nirmal Jain
4 years
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?
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@JainNirmal
Nirmal Jain
6 years
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!
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@JainNirmal
Nirmal Jain
5 years
They seem to be learning from Indian politicians 😊Loan Waiver Scheme!
@Reuters
Reuters
5 years
Presidential candidate Elizabeth Warren outlined a plan to cancel student loan debt of up to $50,000, if elected to the White House
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@JainNirmal
Nirmal Jain
6 years
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
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@JainNirmal
Nirmal Jain
5 years
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.
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@JainNirmal
Nirmal Jain
5 years
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!
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@JainNirmal
Nirmal Jain
7 years
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. ”
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
6 years
ET Now curtain raiser-3 day Global Investor Conference from tomorrow at Mumbai themed 3Es Elections Economy Earnings
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@JainNirmal
Nirmal Jain
7 years
My interview published in ET today- Time for aggressive privatisation of PSU banks: Nirmal Jain, IIFL
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@JainNirmal
Nirmal Jain
4 years
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..
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@JainNirmal
Nirmal Jain
4 years
“Don’t panic” say people in power in all headlines- we know there are good reasons to panic. We should try and avoid panic but be cautious for sure ..
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@JainNirmal
Nirmal Jain
5 years
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..
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@JainNirmal
Nirmal Jain
4 years
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
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@JainNirmal
Nirmal Jain
5 years
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!
@IIFLCorporate
IIFL Corporate
5 years
'Learning' needs to be inculcated as a 'Habit' at an early age, only then shall the mind be eager to learn at every stage in life. At our #SakhiyonkiBaadi learning centers at #Rajasthan , we strive to make young minds a curious learner. #IIFL #CSR @JainNirmal @venkataraman_27
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@JainNirmal
Nirmal Jain
4 years
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!
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@JainNirmal
Nirmal Jain
6 years
India’s GDP growth rises to 7.2% in December quarter
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
6 years
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
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@JainNirmal
Nirmal Jain
4 years
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
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@JainNirmal
Nirmal Jain
5 years
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!!
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@JainNirmal
Nirmal Jain
5 years
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 ..
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@JainNirmal
Nirmal Jain
5 years
Thanks for all the support for last five years, long way to go for India to realise its potential in sports, other than cricket, at world level!!
@vishy64theking
Viswanathan Anand
5 years
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
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
4 years
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 ...
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@JainNirmal
Nirmal Jain
7 years
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!
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@JainNirmal
Nirmal Jain
5 years
Bal Divas ie children’s day was celebrated in all our CSR schools in different ways
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@JainNirmal
Nirmal Jain
5 years
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 ..
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@JainNirmal
Nirmal Jain
6 years
IIFL provides education for construction workers’ children- these workers are migrant labors, so their children can’t attend proper school
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@JainNirmal
Nirmal Jain
4 years
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
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@JainNirmal
Nirmal Jain
5 years
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.
@ShekharGupta
Shekhar Gupta
5 years
'I want a New India where Rahul Bajaj can invest & speak fearlessly to govt' Congress MP @ShashiTharoor writes #ThePrintOpinion
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
4 years
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!
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@JainNirmal
Nirmal Jain
5 years
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!
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@JainNirmal
Nirmal Jain
7 years
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!
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@JainNirmal
Nirmal Jain
5 years
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
@ShekharGupta
Shekhar Gupta
5 years
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’..
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@JainNirmal
Nirmal Jain
5 years
There are skeptics but INDIA is marching ahead!
@CNBCTV18Live
CNBC-TV18
5 years
#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
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@JainNirmal
Nirmal Jain
7 years
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.
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@JainNirmal
Nirmal Jain
4 years
Prem Watsa favours quick opening up & is supremely bullish on India. He’s reaffirmed his strong support to IIFL Group as well.
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@JainNirmal
Nirmal Jain
6 years
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
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@JainNirmal
Nirmal Jain
4 years
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
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@JainNirmal
Nirmal Jain
4 years
#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 ..
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@JainNirmal
Nirmal Jain
5 years
Proud to share this prestigious award won by IIFL Finance- Risk management is core to survival and growth of any lender..
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@JainNirmal
Nirmal Jain
5 years
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.. :)
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
4 years
#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 ...
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
6 years
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..
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@JainNirmal
Nirmal Jain
5 years
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.
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
5 years
Spoke on the sidelines of the #ETAwards to ET. FPIs continue to invest aggressively as long term India story remains very bullish...
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
7 years
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...
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@JainNirmal
Nirmal Jain
4 years
#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!
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@JainNirmal
Nirmal Jain
4 years
IIFL TV campaign currently on- stay home stay safe but don’t miss the stock market: instead bring the whole market home ..
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@JainNirmal
Nirmal Jain
7 years
I've argued- Listed PSUs doing social objectives is bad governance & bad business, we shd learn capitalism fm China
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@JainNirmal
Nirmal Jain
5 years
Pleased to share this. A big thank you to our customers for this honour ..
@IIFLCorporate
IIFL Corporate
5 years
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
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@JainNirmal
Nirmal Jain
5 years
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
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@JainNirmal
Nirmal Jain
5 years
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!
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@JainNirmal
Nirmal Jain
5 years
Rich nations are enjoying jobs boom and India struggles. Paradoxically, high taxes on corporates and rich, result in lower private investment and fewer jobs!
@TheEconomist
The Economist
5 years
Unemployment rates are lower than they’ve been in decades. Here's why
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@JainNirmal
Nirmal Jain
5 years
Driverless vehicles coming soon. 2020 has just begun, we have first long distance commercial trip by driverless truck!
@bbgoriginals
Bloomberg Originals
5 years
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
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@JainNirmal
Nirmal Jain
5 years
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.
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@JainNirmal
Nirmal Jain
5 years
Happy Birthday Pratham! 25 glorious years!! Proud to be associated as a Board member..
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@JainNirmal
Nirmal Jain
4 years
Rohit Sharma becomes first-ever brand ambassador of IIFL Finance - Republic World
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@JainNirmal
Nirmal Jain
7 years
Cricket matches have become one sided with little excitement. Market is moving both sides but aren’t they more exciting when one-sided up?
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@JainNirmal
Nirmal Jain
7 years
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!
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@JainNirmal
Nirmal Jain
6 years
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!!
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