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Tag Archives: Finance

Carrefour raids Fnac for finance chief

Matthieu Malige (left) with Alexandre Bompard, pictured together while at Fnac, have renewed their partnership at Carrefour © AFP French retailer Carrefour has named former Fnac Darty chief financial officer Matthieu Malige as its new finance chief, three months after its chief executive made the same move. The appointment of one of Carrefour chief executive Alexandre Bompard’s key lieutenants from his time at ... Read More »

In dirt-poor Myanmar, smartphones are transforming finance

Rudimentary financial services are on offer in places roads do not reach MYANMAR’S democratic transition sometimes seems marked as much by continuity as by change. Depressingly, the army continues its bloody persecution of Rohingya Muslims in the west, for example (see article). But elsewhere moves to open the country’s markets, started by the preceding military regimes, have gathered pace. New commercial ... Read More »

Charles King’s Macro Raises $150 Million to Finance Film, TV Slate

The media company’s investors include Laurene Powell Jobs’ Emerson Collective, Ford Foundation, W.K. Kellogg Foundation and Libra Foundation. Macro, the multicultural media company founded by former WME partner Charles King, has raised an additional $150 million in financing from a slate of investors that includes Laurene Powell Jobs’ philanthropic and investment vehicle. The round, which incudes equity and debt financing, will ... Read More »

Google Finance to have a makeover, portfolio feature to be scrapped

Moneycontrol News Alphabet Inc., Google’s parent company has informed the users of Google Finance that it is going to make changes to the product. The core of the offering, the portfolio feature will no longer be available. The feature will go offline from November. This will mark the first major change to the Google product which has been the same ... Read More »

German election threatens to clip wings of finance hawk Schäuble

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Not obliged to elicit views of finance panel: CoA

CoA has revealed that a panel like the finance committee won’t exist post the adoption of new draft constitution. © AFP The Committee of Administrators (CoA), on Saturday (September 16), reminded BCCI that the innings of some board officials would be over when the newly-drafted constitution is approved by the Supreme Court. In a strongly worded letter to BCCI office-bearers, ... Read More »

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 »

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 »

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 »