Sunday , 17 December 2017
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Finance

China is considering major investments in European finance as part of its global spending push

After ports and industrial parks, the deal makers leading China’strillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe’s banks, insurers and asset managers to tap funds and expertise. Jason Lee | Pool | Getty Images China President Xi Jinping attends a news conference at the Belt and Road Forum for International Cooperation on May 15, 2017 in Beijing, ... Read More »

Bajaj Finance launches Rs4,500 crore QIP at floor price of Rs1,777.9 per share

Bajaj Finance shares closed at Rs1787.5 on Tuesday, down 0.64%. Photo: Hemant Mishra/Mint Mumbai: With Bajaj Finance Ltd launching a Rs4,500 crore qualified institutional placement (QIP) on Tuesday, fundraising through this route is poised to set a new record this year. So far this year, 17 companies have raised Rs34,181.52 crore through QIPs. In 2009, 54 companies had raised Rs34,675.75 crore, ... Read More »

Commonwealth Bank of Australia sued over money laundering disclosures

Australian litigation financier IMF Bentham Ltd said it would fund an open class-action lawsuit against Commonwealth Bank of Australia in relation to allegations it oversaw thousands of breaches of anti-money laundering rules. IMF said on Tuesday it would bankroll the class action on behalf of all CBA shareholders who bought stock between Aug. 17, 2015 and Aug. 3, 2017, without ... Read More »

Look at L&T Finance Holdings: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, “I personally hold L&T Finance Holdings in my portfolio and I have been holding it for the last three years or so. Just after listing, I purchased it. So, point is this that this stock is actually now available at 3.8 times book and its strategy has been totally revamped, changed and now it has just ... Read More »

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 »