Tag Archives: 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 »

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 »

Reliance Home Finance top line grows 58%

The disbursements were Rs 2,655 crore during the period under review and the assets under management as on June 30, 2017 stood at Rs 13,022 crore. MUMBAI: Reliance Home Finance Ltd on Wednesday said it closed the first quarter of the current fiscal with a 58 per cent increase in its total income. In a statement issued here, the company said it ... 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 »

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 »