Finance

SBI not approached by any telco to finance AGR dues, says chairman

Mumbai: It is incumbent on the telcos to find money and will be safe to presume that they would have made some arrangements for it by now, SBI chairman Rajnish Kumar said on Friday. He also said that the bank will be passing on all the benefits of the cash reserve ratio (CRR) reliefs on small ticket loans to the borrowers and ... Read More »

Why Reducing The Refugee Cap Is Bad Finance

In late September, the government announced that it would slash the number of refugees allowed in the U.S. to 18,000 — a dramatic and historic low for the country since the modern resettlement program’s creation in 1980. In 2016, the refugee cap was at 85,000, which means this current cap was a reduction of a whopping 78% in a short period of ... Read More »

The Future of Finance: Trends, Strategies, and Predictions

The ever-changing technological and business landscapes are impacting every aspect of your business, especially your financial operations. Are you and your company prepared for the trends that are happening in 2020 and beyond? Join us for The Future of Finance: Trends, Strategies, and Predictions, a free webinar presented by Oracle NetSuite and produced by Entrepreneur. We’ll unveil what you and your business need to ... Read More »

30 Under 30 In Finance 2020: The Top Young Traders, Dealmakers and Financial Innovators

The top young financial minds can be found these days at buyout shops, hedge funds and investment banks, as well as innovative companies that do everything from facilitate payments to lend cryptocurrency. The rise of private equity and new financial technologies can especially be seen on this year’s 30 Under 30 Finance list. The rising stars of finance are working ... Read More »

Home First Finance plans to raise Rs 1,500 crore, files IPO papers with SEBI

Home First Finance Company (HFFC) on November 29 filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The housing finance company is expected to raise Rs 1,500 crore through the public issue. The IPO comprises a fresh issue of Rs 400 crore and Rs 1,100-crore offer for ... Read More »

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 »