Finance

Solid listing: AU Small Finance Bank ends near day’s high, up 51% over issue price

AU Small Finance Bank made a solid debut on the BSE on Monday, rising as much as 52.23 percent over its issue price of Rs 358. However, the trading on National Stock Exchange delayed by three hours due to technical glitch at the exchange. The stock closed at Rs 541.20 on the BSE, up 51.17 percent with volumes of 3.92 ... Read More »

Piramal Finance sanctions Rs700 crore in second funding round to ACME Solar

Piramal is committed to continued investments in sustainable energy in the near future, says Khushru Jijina, managing director, Piramal Finance. Bengaluru: Piramal Finance Ltd, a subsidiary of Piramal Enterprises Ltd, has sanctioned an additional Rs700 crore to renewable energy firm ACME Solar Holdings Ltd through its non-real estate lending arm Corporate Finance Group (CFG). The financing has been done through a ... Read More »

Govt readies financial sector’s cyber warrior

The government’s move to set up a Computer Emergency Response Team for Finance (CERT-Fin) comes at a time when there has been a burst of activity in India’s fintech space. Photo: iStock New Delhi: An expert group has proposed the setting up of an independent Computer Emergency Response Team for Finance (CERT-Fin) to be the cyber warrior of the financial sector. ... Read More »

AU Small Finance Bank IPO oversubscribed 53.5 times on stellar response

The initial public offer of AU Small Finance Bank has received an encouraging response on Friday, the final day for subscription. It got bids for more than 201 crore equity shares against issue size of 3.76 crore shares (excluding anchor investors’ reserved portion). The Rs 1,912-crore public issue has oversubscribed 53.48 times, as per data available on the exchange. The portion set ... Read More »

Subscribe to AU Small Finance Bank: HEM Securities

AU Small Finance Bank Co is a small finance bank (“SFB”) that has recently transitioned from a prominent, retail focused non-banking finance company (“NBFC”), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels. Co received a license from the Reserve Bank of India to set up an SFB ... Read More »

How finance brands can appeal to consumers’ emotions

Ten years after the financial crisis of 2007-08 began to rock the economy, and following numerous malpractice and misselling scandals over the years, the media conversation is still dominated by negative perceptions of an industry that is struggling to regain customer trust. The findings of Edelman’s Trust Barometer make uncomfortable reading for the UK financial sector. The longest running global ... Read More »

Infrastructure financing: Narendra Modi government mulls merger of IIFCL, REC, IFCI, PFC

Earlier this year, finance minister Arun Jaitley had said the country required investments worth an estimated Rs 43 lakh crore (about 6 billion) in infrastructure over the next five years. (Reuters) Just like in the banking sector, the government is looking at consolidation in the infrastructure financing space. The government is exploring the possibilities of consolidation by merging companies like ... Read More »

Herbalife cuts sales guidance; exceeds key FTC mandate

Herbalife lowered its sales outlook for the current quarter early Monday, as it gears up for tougher new Federal Trade Commission regulations that appeared to hurt business more than anticipated. Herbalife now expects revenue to be lower than prior estimates, with a key sales metric known as volume points expected to be 3 percent below its earlier view. Earnings per ... Read More »

Inclusive Finance: China Opens Up Credit To More People — But Risks Must Be Controlled

China has been promoting inclusive finance in recent years, striving to reach less affluent individuals and small companies. This is because people in rural areas, smaller and medium sized companies, entrepreneurs, and individuals without a credit history are often unable to obtain financing and are forced to turn to the curb market for often very high interest loans. Last week, ... Read More »

Senator: Chances of school finance bill ‘slim to none’

Photo: Courtesy Texas State Preservation Board. IMAGE2OF23 Biggest issues and players of the 85th Texas Legislature   The Texas Legislature convened January 10 and will tackle a number of issues facing the state. Keep going for a look at the biggest issues and the players who will shape the session.  IMAGE 1 OF 23 Interior of the Capitol in Austin ... Read More »