Tag Archives: finance:

Why Weinstein Scandal Matters For The Finance Industry

The trading floor at Bear Stearns in New York City in the 1980’s. My first day out of school, assigned to trade fixed income government bonds. That morning, when I commented to the managing partner running the desk that I liked his tie, he replied the great thing about the tie was that to which it pointed, and winked — ... Read More »

DB Realty falls 7% after LIC Housing Finance files insolvency plea against co in NCLT

DB Realty fell over 7 percent intraday on Thursday as investors turned wary of the stock on the back of insolvency proceedings reports. LIC Housing Finance is believed to have filed insolvency plea against the company in the National Company Law Tribunal (NCLT), CNBC-TV18 reported, quoting news agency Cogencis. According to a report in DNA, the company is said to have defaulted ... Read More »

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 »

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 »

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 »

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 »