Finance

Respected Houston ISD finance chief Melinda Garrett dies at 65

Surrounded by supporters Melinda Garrett, (center) is applauded as she was announced as the HISD interim CFO at the Hattie Mae White Educational Support Center during an HISD board meeting Thursday, Aug. 20, 2009, in Houston. ( Johnny Hanson / Chronicle ) As chief financial officer of Houston ISD for 11 years, Melinda Garrett helped pilot the state’s largest school ... Read More »

NBFC Shiksha Finance raises funds from Dell Foundation

Incorporated in 2014 by V.L. Ramakrishnan and Jacob Abraham, Shiksha Finance provides school and student loans. Photo: Reuters Mumbai: Shiksha Finance, a non-banking financial company (NBFC) focusing on school and student loans, has raised $2.5 million (Rs16 crore) through a mix of debt and equity from Michael & Susan Dell Foundation (MSDF), a senior executive of the company said. Incorporated in ... Read More »

PayPal Doesn’t Have to be Hard, Read This Overview

When it comes to turning your website into a money-making business, PayPal is a popular choice for handling transactions. The service is known for being secure, convenient and fast — payments can show up in your account within minutes of a sale. But there are costs associated with using PayPal to process payments, so you’ll have to weigh the options to ensure you’re getting the ... Read More »

Chinese search engine Baidu hires Weibo CFO as finance chief amid AI push

Chinese search engine giant Baidu Inc said on Monday it had hired the finance chief of Weibo Corp as its chief financial officer, marking a leadership change for the firm as it hones its focus onto artificial intelligence. The appointment of Herman Yu, Weibo’s CFO since 2015, sees Baidu stalwart Jennifer Li step down as CFO after almost a decade in the role to become a senior adviser to Baidu’s top management, the company ... Read More »

How Young Investors Should Set Their Goals and Priorities?

Generally, the most important things get priority in your life and same should be the case when it comes to financial planning. Planning your life to determine your goals and prioritizing them is important to ensure that you achieve financial freedom and stability. Setting financial goals Financial goals may be short, medium, or long-term based on your personal requirements. Generally, ... Read More »

US ousts Pakistan’s Habib Bank amid money laundering concerns

Habib has operated in the United States since 1978, and in 2006 was ordered to tighten its oversight of potentially illegal transactions but failed to comply. (Reuters) US banking regulators ordered Pakistan’s Habib Bank to shutter its New York office after nearly 40 years, for repeatedly failing to heed concerns over possible terrorist financing and money laundering, officials said today. ... Read More »

Is India’s Home Finance Juggernaut Slowing?

Housing finance has been among the most predictable of loan segments in India. Demand, often from first-time buyers, has grown consistently thanks to the Indian obsession with owning a home. Often, loans are taken for homes that are being used by the borrowers themselves, which means that defaults are among the lowest in this category. This combination has attracted many. ... Read More »

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 »