Wednesday , 23 August 2017
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Finance

Bankruptcy code can help deepen bond markets, says Ajay Tyagi

Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi on Saturday said the Insolvency and Bankruptcy Code (IBC) will help boost investor confidence and encourage fund flows into the corporate bonds market, while addressing a CII conference on insolvency and bankruptcy. “From an investors’ standpoint, an effective and robust bankruptcy regime is important for developing the corporate bonds market. ... Read More »

Bitcoin bond launch brings digital currency step closer to ‘world of high finance’

Bitcoin is getting closer to looking like a traditional financial product. Japanese financial information firm Fisco announced Monday it is experimenting with the country’s first bitcoin-backed bond. The news follows other announcements in the last several weeks for bitcoin options, futures and an exchange-traded fund tracking bitcoin derivatives in the U.S. “I think it’s a very healthy and natural progression of ... Read More »

Essel Finance builds portfolio via buyouts

Mumbai: Zee Entertainment promoter Subhash Chandra’s Essel Finance has been quietly building up a portfolio of businesses across the financial services spectrum through acquisitions. The non-banking finance company (NBFC) recently acquired the loan portfolio of SME financier Intec Capital. Speaking to TOI, Essel Finance MD Amitabh Chaturvedi said that the company will also make an investment in the digital transaction space. Essel Finance had bought out Peerless ... Read More »

DDA Housing Scheme: Some banks agree to finance registration fee

After the Delhi Development Authority (DDA) held several meetings with them, some banks are likely to finance the registration fee for DDA’s newly launched 2017 housing scheme, while others continue to be hesitant. Earlier, eight banks that DDA had tied up with announced that they will not be able to finance the fees. However, some senior DDA officials took control ... Read More »

L&T Finance net soars 49% as advances surge

MUMBAI, JUL 26:   L&T Finance Holdings, financial services arm of the engineering major L&T, today reported consolidated net profit growth of 49 per cent at Rs. 309 crore for the three months to June driven by higher advances that clipped at 96.4 per cent and better asset quality. This is the fifth consecutive successful quarter for the company after many quarters of ... Read More »

Prominent Features of Home Loans which you should know

With property prices touching the sky with every passing year, most of the buyers have to rely on home loans for purchasing their dream house. But, if you are a first-time home buyer and are contemplating to take a loan, you must have an idea about the functioning of the home loans. So, here are the top features of home ... Read More »

Small Businesses Unlikely to Hire for Finance Professionals

Numerous studies have found that many small businesses have a limited number of employees. And there seems to be a dearth of specialists within their ranks too. That’s especially true of finance professionals. Small Businesses and Finance Professionals New data from Indeed shows that only 22 percent of the finance jobs openings posted with the employment service were from small businesses. And ... Read More »

Bajaj Finserv consolidated net up 22% in first quarter

MUMBAI, JULY 19:   Bajaj Finserv, the holding company for the various financial services businesses of the Bajaj group, has reported a 22 per cent increase in consolidated net profit in the first quarter on the back of strong financial performance of subsidiaries Bajaj Finance (BFL) and Bajaj Allianz General Insurance Company (BAGIC). In the reporting quarter (Q1) ended June 30, ... Read More »

Finance meets humanities — really

As an economist, Mihir Desai has gained wide recognition for his expertise in tax policy and international and corporate finance. His writing and teaching have covered such topics as proposed reform of the U.S. tax system and the misuse of high-powered incentives and their impact on American competitiveness. But Desai, Mizuho Financial Group Professor of Finance at Harvard Business School and a ... Read More »

Finance firms install ‘kill switch’ devices to cut out car engine and leave drivers stranded if they miss a payment

RUTHLESS car finance firms are fitting controversial “kill switches” that immobilise vehicles if drivers fail to meet payments. The devices are understood to be offered to those with poor credit scores – but financial watchdogs say lenders could be breaking the law, it’s reported. ALAMY Kill switches are being installed by car insurance firms and can cut out car engines ... Read More »