Finance

Deals Buzz: Ujjivan Small Finance Bank raises capital in pre-IPO round

Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms across the country Ujjivan Small Finance Bank raises capital in pre-IPO round Ujjivan Small Finance Bank has raised ₹250 crore in a pre-initial public offering (IPO) round led by India Infoline (IIFL) group’s funds, a private equity fund of Avendus Capital and Akash Bhanshali of Enam Group, Mint reported. The pre-IPO ... Read More »

Opinion | Align personal values and financial decisions to live life on your terms

Are your money values in line with your personal values? Money values are important as financial decisions are based on them. They are driven by one’s experience in managing money and outlook on money. Often, I find that money values are not in line with personal values and this is the cause for being perennially worried about finances. The way ... Read More »

KPMG in India, NIIT launch ‘KPMG NIIT Finance Academy’

New Delhi: KPMG in India and NIIT Ltd on Thursday said they have entered into an exclusive partnership to launch ‘KPMG NIIT Finance Academy’ in India for building skills and talent for finance professionals. Designed as a centre for future skills in finance, the academy will offer futuristic programs in finance to fresh graduates and experienced finance professionals to address ... Read More »

Backed by decline in finance cost, Flipkart trims loss

The filings state that the company has managed to achieve a 63% reduction in losses from Rs 46,895 crore ($6.6 billion) in 2018 to Rs 17,231 crore ($2.42 billion) for FY19. Flipkart group, the e-commerce behemoth’s holding company based in Singapore has reported a 42% increase in group revenue in FY 19, according to regulatory filings accessed by business intelligence platform ... Read More »

Indiabulls Housing Finance to exit developer loan segment in next 3-5 years

Indiabulls Housing Finance (IBH) will exit the risk-laden developer loan, or commercial real estate segment, in the next three to five years as it rejigs business strategy after the Reserve Bank of India turned down the mortgage lender’s proposed merger with Lakshmi Vilas Bank. “We have to run down builder loans over the next three to five years and make ... Read More »

Time to nudge UCBs to convert into Small Finance Banks

Punjab & Maharashtra Co-operative Bank (PMC Bank) is the latest urban cooperative bank creating panic among small depositors. Many urban cooperative banks (UCB) have folded up or consolidated into stronger banks over the past 15 years. The number of UCBs has reduced by 375 to 1,551 since early 2000 when RBI started monitoring them closely. That happened after Madhavpura Mercantile ... Read More »

How much would public liability insurance cost?

Introduction Public liability insurance is one of the most common type of insurance for businesses. Even though if it is not forced upon you, having public liability insurance should be done by all the organizations in order to stay safe from all the possible legal claims against the business. In addition to it, the insurance would also make sure that ... Read More »

Govt should take CMs’ views before changing 15th Finance Commission’s terms of reference: Manmohan

Former Prime Minister Manmohan Singh on Saturday said the government should have taken chief ministers’ views before changing the terms of reference of the 15th Finance Commission, adding that unilateralism is not good for federal policy and cooperative federalism. Earlier in July, the Centre changed the terms of reference of the 15th Finance Commission and mandated the panel to suggest ... Read More »

Finance Ministry announces measures to boost capital expenditure by ministries, CPSEs

The Finance Ministry has decided to constantly monitor large infrastructure projects under different ministries and central public sector enterprises (CPSES) in order to expedite capital expenditure of the Union government. To this end, the Finance Ministry would develop a dashboard where ministries could upload figures related to their infrastructure projects on periodic basis. The decision came after senior officials from ... Read More »

Bajaj Finance picks banks for Rs 7,000-8,000 crore share sale

Mumbai: Sanjiv Bajaj-backed Bajaj FinanceNSE 0.74 % has appointed investment banks Moran Stanley, JM FinancialNSE 3.30 %, Kotak Mahindra Capital Co and Nomura Holdings to help raise around Rs 7000-8000 crore through a qualified institutional placement or QIP. The issue that will help the non-banking finance company shore up its equity base, is expected to see a lot of interest from institutional investors in the aftermath of the ... Read More »