Finance

Meet the finance players who made Fortune’s 40 under 40 list this year

Finance is said to be a young person’s game, and the bankers, financiers, and founders on this year’s Fortune 40 under 40 list prove just that. This year’s version of the annual list was led by the recently elected French president Emmanuel Macron, a former Rothschild banker. The other young professionals run the gamut from traditional bankers investing in algorithmic stock-picking programs, ... Read More »

Srei Equipment Finance to raise Rs 2,000 cr through IPO

Srei Equipment Finance (SEF), wholly-owned subsidiary of Srei Infrastructure Finance, plans an initial public offer (IPO) of equity, to result in dilution of up to 25 per cent of the post-issue paid-up equity capital share. The company expects to raise Rs 1,800-2,200 crore through the IPO, expected to hit the market in the last quarter of this financial year. The proceeds would ... Read More »

Explore These 3 Approaches to Create Your Own Pension Fund

Like flip phones and floppy disks, pensions are largely a thing of the past. According to an analysis from global advisory firm Willis Towers Watson, the percentage of Fortune 500 employers offering a defined benefit pension plan to new hires dropped from roughly 50 percent in 1998 to just 5 percent in 2015. Today’s workers are more often offered a ... Read More »

China to focus on online finance companies to further strengthen regulations over internet firms

China’s central bank plans to include large systemically important internet finance firms in its Macro Prudential Assessment (MPA), the official Xinhua news agency reported on Saturday. Representational image. AP The MPA risk assessment framework already includes checks of loans, bond investments, equity investments, and buy-backs of financial assets sold, and deposits at non-financial institutions. China will explore different methods of covering internet ... Read More »

Rs 200 to be issued soon: Minister of State for Finance

HIGHLIGHTS Minister of State for Finance Santosh Gangwar has said that Rs 200 note will be issued soon He also said that there is no news of scrapping of Rs 2000-note Few days back Finance Minister Arun Jaitley had declined to comment on the 2000-note issue Minister of State for Finance Santosh Kumar Gangwar NEW DELHI: With rumours of the ... Read More »

5 Ways to use Business Loans to your Advantage

Are you looking for a business loan? Are you unsure about the prospects it will open for you? Here is a comprehensive account of 5 tips that can help you utilise your business loan to its maximum advantage. People and business owners often wonder if another business loan would be beneficial to them or not. It entirely depends on your ... Read More »

What to Do If You’re Going to Miss the Tax Deadline

Persuading the IRS to give you more time after the April deadline to file your tax return is fairly easy. But there are several other things you’ll need to do if you’re filing taxes late. What if You Miss the Tax Deadline? How to File Taxes Late Get an extension. Set aside cash for interest. Prepare to pay a penalty of ... Read More »

Income Tax efiling made easier – Steps to follow

Several people fret over income tax filing; they have no clue how to go about it and often find themselves struggling with the process. However, with the Government of India allowing the people to file the returns online, the process has become much simpler and quicker than ever before. If you are filing your returns for the first time, the ... Read More »

Paytm Says It Plans to Sell Gold Worth $200 Million This Year

HIGHLIGHTS Paytm plans to sell 5 tonnes of gold valued around $200 million this year Clients can buy & sell even miniscule amounts of gold digit even at Re. 1 Paytm currently has more than 225 million users Paytm plans to sell 5 tonnes of gold valued around $200 million (roughly Rs. 1,288 crores) this year, the digital payments firm said on Friday, as ... Read More »

Property prices likely to correct 0.5-1%, says Reliance Home Finance CEO

Reliance Home Finance, a part of Anil Ambani-promoted Reliance Capital, said that with the implementation of the Real Estate (Regulation and Development) Act (RERA), property prices are likely to correct by about one per cent giving a much-needed boost to the stagnant market at present. Ravindra Sudhalkar, ED and CEO, Reliance Home Finance (RHF), told BusinessLine that he expects property prices to ... Read More »