Wednesday , 13 December 2017
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Finance

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 »

What’s on the Agenda at China’s Five-Yearly Finance Meeting: Q&A

Xi Jinping  Photographer: SeongJoon Cho/Bloomberg Once every five years, China’s leaders get together to consider ways to improve the country’s gigantic and complex financial system. The next meeting of the National Financial Work Conference takes place July 14-15 in Beijing, with President Xi Jinping expected to attend. There’ll be plenty to talk about. Reining in financial risk is a key ... Read More »

Srei Equipment Finance to raise Rs 1,000 cr via NCDs

Industry machinery financier Srei Equipment Finance Ltd plans to raise up to Rs 1,000 crore by floating bonds in a public issue that opens next week. The company will issue unsecured, redeemable non-convertible debentures of face value of Rs 1,000 each amounting to Rs 500 crore with a green shoe option to retain over-subscription. The issue will be open for ... Read More »

The Difference Between Loans, Cash Advances and Factoring

Getting the right financial product for your small business is important. However, entrepreneurs should be careful about which small business financing options they choose. Some make more sense for your company than others. Small Business Trends talked with Hanna Kassis an expert at Segway Financial about how to differentiate between loans, cash advances and factoring. “The biggest difference is cash advances and factoring are not loans, ... Read More »

Uneasy lies London’s finance crown, says EY

London is still the top European destination for international finance firms, but Paris and Frankfurt are closing the gap thanks to Brexit, according to a survey of business sentiment by the audit firm EY. “The attractiveness of the UK financial services sector has not yet fallen,” said Omar Ali, UK financial services leader at EY. “We have to be realistic though, ... Read More »

The challenge of long-term finance

India is already the largest borrower from the World Bank. Photo: Hemant Mishra/Mint The 2008 financial crash is understood to have been caused by a combination of greedy loan-pushing bankers, carefree NINJA borrowers (or No Income, No Job or Assets), negligent rating agencies, hungry investors (for yield), and indulgent regulators. Nobody so far (outside of Iceland) has gone to jail ... Read More »

Does Your Bank Count Debits to Intentionally Create More Overdrafts?

Nearly 40 percent of the biggest U.S. banks surveyed order transactions in a way that leads to increased overdrafts, according to a new report by the Pew Charitable Trusts. Pew analyzed 44 of the 50 biggest U.S. banks and found that 18 of them process debit transactions — purchases, payments and withdrawals — in order from the highest amount to ... Read More »