Tag Archives: finance:

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 »

Aye Finance raises Rs 25 cr from Hinduja Finance & Intellegrow

Delhi-based MSME lending platform Aye Finance has raised Rs 25 crore from Hinduja Leyland Finance and Intellegrow.   This is the second securitisation deal for the company. Last year it had raised Rs 10 crore by securitising part of its portfolio.   Sanjay Sharma, Founder and Managing Director Aye Finance said, “The loan requirements of these businesses ranges between Rs 50,000 and Rs ... Read More »

Eros ‘Self-Sufficient’ To Finance Its Content Partnership With Reliance, Says Jyoti Deshpande

Eros International Plc and its India subsidiary have sufficient cash-in-hand to finance its content partnership with Reliance Industries Ltd. That’s the word coming in from Eros’ group chief executive officer, Jyoti Deshpande, who will henceforth be stepping down from her position to head Reliance’s media and entertainment arm as the President of the Chairman’s office, as announced by the group ... Read More »

View: Technology can help check frauds in trade finance

Trade finance frauds will motivate banks to adopt distributed digital ledger technologies in 2018. By Shiv Kumar Bhasin Trade finance by banks and other financial institutions is a vital function in international commerce, as it provides delivery and payment assurance to buyers and sellers, and it helps close the gap in trade cycle funding for these parties. The growth and ... Read More »

Bail-in clause in FRDI Bill will only be used sparingly: Finance ministry

Subhash Chandra Garg, secretary in the department of economic affairs in the finance ministry. New Delhi: Seeking to assuage concerns of depositors, the finance ministry on Tuesday defended the bail-in clause in the FRDI Bill and said the provision will only be used sparingly. The ministry also said the bail-in clause in the Financial Resolution and Deposit Insurance Bill, 2017, is ... Read More »

‘Finance dept. office buildings in all districts’

‘Efforts are on to recruit employees in a phased manner’ The State government is planning to undertake construction of office buildings to the Finance Department in all the districts, besides ensuring permanent buildings to house the sub-treasury offices, according to Finance Minister Yanamala Ramakrishnudu. Along with Home Minister N. Chinarajappa and local elected representatives, he laid foundation stone for the ... Read More »

Bitcoin is not legal tender in India: finance ministry

Last week the Ministry of Finance said that virtual currencies (VCs), including bitcoins, are not currencies. “VCs are not currencies. These are also being described as ‘coins’. There is however no physical attribute to these coins. Therefore, VCs are neither currencies nor coins,” the ministry said in a press statement. It further clarified that virtual currencies are not backed by ... Read More »

Sell Can Fin Homes, Repco Home Finance: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, “Can Fin Homes is a sell with a stoploss of Rs 485, target of Rs 460.” “Repco Home Finance is a sell with a stop of Rs 682, target of Rs 660.” “Hindalco Industries is a buy with a stoploss of Rs 274, target of Rs 289,” he added. At 13:20 hrs Hindalco Industries was quoting at ... Read More »