Tue, Mar 02, 2021

  • The Reserve Bank of India issued a discussion paper last Friday on regulations concerning NBFCs. The crux of these regulations is to reduce significantly the arbitrage between NBFCs and banks.
    New RBI proposal for NBFC funding in IPOs to help primary issues in restoring sanity- Opinion
    The other area of significance is IPO funding where currently it is a free for all with NBFCs employing as much as Rs 75,000-80,000 crore in this activity whenever there is an IPO. RBI has now proposed a cap of Rs 1 crore per person.The system as it exists today is that an individual can apply for the entire non-institution portion of an IPO.Let us take the recent case of the IPO from Indigo Paints which was to raise Rs 1,170 crore.An HNI could apply for half this issue which consisted of HNI and retail for Rs 585 crore individually. The amount of money he would have to put up to make an application of Rs 585 crore would be just 1 per cent or Rs 5.85 crore. Does he have the resources? Not required. All he needs to do is pay a margin of 1 per cent and the interest for borrowing this money which in this case works out to Rs 78.53 lakh...
  • Anantnag's Tabin Reyaz becoming sensation for his unique art of storytelling Anantnag's Tabin Reyaz becoming sensation for his unique art of storytelling

    Tabin, son of Reyaz Ahmed Bhat, a resident of Hassan-Noor Village in the Aishmuqam area of Anantnag, studies in class 7. He aspires to become a writer and pen down stories and articles to motivate...

  • People always look forward to light-hearted entertainment: Aravind SA People always look forward to light-hearted entertainment: Aravind SA

    Chennai’s own stand up comic Aravind SA is back once again with a new show called I Was Not Ready Da.

  • Architecture student explores old Tamil script called Vatteluttu through art Architecture student explores old Tamil script called Vatteluttu through art

    Adhiyaman Ilangovan, an architecture student from Chennai, is exploring the old Tamil script called Vatteluttu that was used for writing the Tamil Language earlier.

  • TN woman farmer becomes inspiration for a storybook TN woman farmer becomes inspiration for a storybook

    Hailing from Melakadu hamlet in Sivagangai district in Tamil Nadu, Chandra Subramanian is a fearless single parent, farmer and retailer who does things her way. An enterprising farmer, she hates the...

  • A cafe in Yemen run by women, for women A cafe in Yemen run by women, for women

    When Um Feras realised there were no leisure spaces for women in her city in Yemen, she founded her own cafe and hopes to change attitudes about women-led businesses.

  • Golden Baby League helps in 'character building' among kids in Mizoram Golden Baby League helps in 'character building' among kids in Mizoram

    Since its launch in 2018, the Golden Baby Leagues project has sparked a revolution across the length and breadth of India with over 35,000 children taking part in the 2019-20 season itself.

  • Reviving the charm of writing postcards Reviving the charm of writing postcards

    For every birthday, Shuruti Vengatesh used to get a greeting card from her grandfather along with a small handwritten note. She started collecting them and later, Shuruti started sending postcards to...

  • Art galleries go digital to engage art enthusiasts Art galleries go digital to engage art enthusiasts

    After the pandemic, many artists took a virtual route to sell their artworks. This move has left art galleries in Chennai to find new ways to engage with their patrons.

  • Art project helps children identify marine heritage Art project helps children identify marine heritage

    Divya Karnad and Chaitanya Krishna started InSeason Fish to create a conversation of species in the ocean, responsible seafood consumption and sustainable fishing.