Finance

Do central banks rebalance their currency shares?

Do central banks rebalance their currency shares? The answer matters because the dollar’s predominant role in large official reserve holdings means that widespread rebalancing requires central banks to buy (sell) a depreciating (appreciating) dollar, stabilising its value against other major currencies. We hypothesise that larger reserve holdings have led central banks to approach their investment more systematically and to make ... Read More »

Google CEO Sundar Pichai says the company’s next $1 trillion will come from its oldest product

While many other technology giants embrace the metaverse as the next frontier of growth, Sundar Pichai sees Google’s future in its oldest offering: Internet search. “I feel fortunate our mission is timeless,” Pichai, who is chief executive officer of Google and its parent, Alphabet Inc., said in an interview with Bloomberg Television’s Emily Chang for the Bloomberg New Economy Forum in Singapore. “There’s more ... Read More »

Who Pays For Wildfire and Hurricane Damage? Everyone.

New Mexico homeowners might think their inland location buffers them from the financial toll of climate change, but they’re still paying for climate-related property damage occurring in coastal states. New research finds that homeowners in New Mexico and other states that are more lenient in their regulation of homeowners insurance prices are subsidizing the rising cost of insuring residential property ... Read More »

Top finance stories of the day

All you need to know about Govt’s 100% collateral free MSME loan scheme. Over 1 lakh national IDs including Aadhaar, PAN card of Indians put on dark net for sale. Best places to learn new skills right now. Here are our top 10 finance news of the day you could use: ECLGS: All you need to know about Govt’s 100% ... Read More »

7 Financial Lessons the Crisis Will Teach Us

The text messages, DMs, and emails rapidly arrived, all of them expressing a similar concern: My finances are in trouble. In seemingly just a few weeks’ time, our world was turned upside down. A public health emergency raced around the globe, wreaking havoc on nations, cities and neighborhoods. The United States has not been immune: Markets tanked, jobs vanished and, ... Read More »

Finance Minister Sitharaman welcomes RBI moves to help NBFCs, firms borrow cheap

NEW DELHI: Finance Minister Nirmala Sitharaman on Friday welcomed the Reserve Bank of India’s (RBI’s) steps aimed at helping companies and individuals borrow at cheaper rates, improving non-banking finance companies’ (NBFCs’) access to low-cost funds besides assisting banks, companies and real estate firms with reclassification of norms on bad assets. “In view of the difficulties being faced due to #COVID19, ... Read More »

Indiabulls Housing Finance says no loans outstanding from Yes Bank, share price rally 29%

Indiabulls Housing Finance witnessed a rally in Friday’s trading session after the company’s regulatory filing stated clearly it has no outstanding loans from Yes Bank. The filing also added that Sameer Gehlaut is currently in the UK and will cooperate with the investigation surrounding Yes Bank soon after the ban is lifted from international flights. “Indiabulls Housing has no loans ... Read More »

Flexible lending from Compass Business Finance

So, you’ve got your eye on the latest all-singing, all-dancing 5-axis machining centre/CMM/laser profiler/press brake/sliding head lathe (delete as applicable). You need it to keep up with customer demand; enquiry levels are high and you simply must have more capacity – but how do you raise the funds for said purchase? Well you could get in touch with Compass Business ... Read More »

Getting a loan? Your business should be attractive to finance

During my interactions with bankers, one thing that repeatedly finds a mention is that even if a bank wants to lend, small businesses often make it very difficult for themselves to raise money. In fact, my interactions with many small businesses show that a lot of work needs to be done to convince a bank to lend. Many borrowers fail ... Read More »

Family finance: Aggressive investment by Shuklas will ensure they meet goals with ease

Chirag Shukla, 38, stays with his wife, 36, two children, aged 10 and 7, and his mother, in Mumbai. While his wife earns Rs 15,000 a month, he also gets a monthly rental income of Rs 38,000. He has property worth Rs 2.9 crore, which includes a self-occupied house worth Rs 1.6 crore. He has no loans and his net ... Read More »