Finance

UK outsourcer Capita poaches Go-Ahead finance chief

Patrick Butcher’s appointment comes as group seeks turnround following profit warnings Capita, the UK’s largest outsourcer, has poached a new chief finance officer from transport group Go-Ahead. Patrick Butcher will take control of Capita’s finances at a difficult time for the company, which is working on a turnround following multiple profit warnings last year. Mr Butcher has 19 years of ... Read More »

Venues Banned from Hosting Crypto Events in Beijing’s Finance District

Shopping malls, hotels, restaurants, and office buildings in downtown Beijing have been ordered not to provide venues for activities that promote cryptocurrencies. A document, first circulated online on Wednesday, indicates that the district government has now banned commercial properties from hosting events relating to “cryptocurrency talks and promotion.” The missive appeared to have been issued on Aug. 17 from the ... Read More »

Uber appoints new head of finance as it marches toward an IPO

Picking a chief financial officer is crucial for Uber because the company has said it plans to go public by the end of 2019 SAN FRANCISCO — After a year’s long search, Uber has finally found a chief financial officer as it advances toward an initial public offering. The ride-hailing company said Tuesday that it had hired Nelson J. Chai, 53, a ... Read More »

The benefits of taking an education loan and the need to strike a balance

A student loan would obviate the need to disturb your own investment portfolio and help preserve your financial goals, including retirement plans. Photo: ThinkStock Education is expensive, be it in India or overseas. However, as a parent, you are always in a quandary whether to tap into your savings or avail an education loan. In India, good quality higher education ... Read More »

AYE Finance raises Rs 147 crore via fresh round of equity funding

CapitalG’s access to Google expertise in scaling businesses using analytics and technology will strongly supplement our approach. Non-banking financial company AYE FinanceNSE -0.08 % has raised Rs 147 crore (USD 21.5 million) in a series C equity funding from CaptialG and existing investors to fund its business growth. Apart from CaptialG (formerly Google Capital), the existing investors SAIF Partners and LGT have infused equity in this ... Read More »

Family Finance: Why Dave has to stagger some goals for now

Bharuch-based Daves will have to wait for a rise in income to be able to invest for all the crucial goals Hardik Dave stays in Bharuch, Gujarat, with his homemaker wife and three-year-old child. He brings in a monthly salary of Rs 86,500 and stays in rented accommodation. After considering household expenses of Rs 38,700, child’s education expense of Rs ... Read More »

Venmo COO discuss cryptocurrencies and the future of finance

[The stream is slated to start at 11:00 a.m. ET. Please refresh the page if you do not see a player above at that time.] Michael Vaughan, COO of PayPal’s mobile payment service company Venmo, Karen Finerman, CEO and founder of Metropolitan Capital, and Founder and CEO of BKCM Brian Kelly will discuss the future of finance and cryptocurrencies at the Wharton ... Read More »

Will govt NPS hike equity investment from 15% to 50%?

As of now, private NPS allows up to 50% investment in equities directly and 75% through life-cycle based strategy; the equity limit will move up to 75% even under the direct or active choice, as per a recent board decision. Photo: iStock While the private sector National Pension System (NPS) is set to increase the equity investment limit in the ... Read More »

6 customer-friendly changes the new insurance regulator should make

Photo: Indranil Bhoumik/Mint The insurance industry, in its liberalised avatar, is young. Where large international insurers are over a 100 years old, we have been in existence for just 18. If business is a race, then these 18 years are just a start off the block. But what a start it has been. Between 2000 and 2005, the basic regulatory ... Read More »

Term of the day: Insurance persistency ratio

Photo: Indranil Bhoumik/Mint In life insurance, persistency ratio is an important metric to track as persistency is a key driver of profitability for an insurer. In insurance parlance, policy retention is known as “persistency” and “persistency ratio” measures how long customers stay with their policies, by looking at the number of policy renewals year after year. The ratio is measured ... Read More »