Finance

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 »

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 »