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Everyone is upset about India's banking mess except NBFCs. Here's the reason why

Everyone is upset about India's banking mess except NBFCs. Here's the reason why

Finance
When Infrastructure Development and Finance Co (IDFC) was granted universal banking licence in 2014 from among 26 applicants, it was the envy of those who missed out on the coveted prize. Three and a half years later, both investors and the managements that were not lucky enough, are smiling. A surge in liquidity, regulatory arbitrage, and the crippled state of banks converged to make the non-banking finance company (NBFC) business model a success with equity investors latching on to any business that would reflect the Indian financial services growth without its baggage of bad loans. Life has come a full circle with premium attached to banks shrinking while NBFCs gaining traction. IDFC Bank which came into being in 2015 has lost 15.91 per cent since, while its parent IDFC gained 16.33...
Florence and Calvin Harris upset at Tory conference music

Florence and Calvin Harris upset at Tory conference music

Entertainment
Florence Welch and Calvin Harris have complained about their music being used at the Conservative Party conference. Both musicians said they did not approve of their songs being played and were not happy about it. Prime Minister Theresa May took to the stage for her speech to the music of Harris's 2016 Rihanna collaboration This is What You Came For. "I do not support nor condone happy songs being played at such a sad event," Harris tweeted.Skip Twitter post by @CalvinHarrisConservative party conference playing my song was not approved - I do not support nor condone happy songs being played at such a sad event— Calvin Harris (@CalvinHarris) October 4, 2017End of Twitter post by @CalvinHarrisFlorence Welch from Florence and the Machine also tweeted that the use of her version of You've Go