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Tag Archives: Finance

HDFC ERGO ties up with Utkarsh Small Finance Bank

Private general insurer HDFC ERGO General Insurance signed a corporate agency agreement with Utkarsh Small Finance Bank for the distribution of general insurance products through the Bank’s network of branches across the country. The association with Utkarsh Small Finance Bank will offer general insurance products from HDFC ERGO to the Bank’s general banking and micro banking clients across India. Anuj Tyagi, ... 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 »

Uber finance head Gautam Gupta quits; Jan-March loss narrows

Uber Technologies Inc said its head of finance is leaving, and the privately held ride-hailing company also said that its first-quarter loss narrowed substantially from the prior quarter, putting it on a path toward profitability. Head of finance Gautam Gupta is leaving in July to join another startup in San Francisco, the company said, making Gupta the latest high-profile executive ... Read More »

Trading Calls: Buy Muthoot Finance, Cipla; Sell Vedanta, Say Experts

Aditya Agarwal, Ruchit Jain and Lovelesh Sharma share their trading/short-term picks Indian markets struggled in early trade today but Nifty managed to hold the crucial 9,600 levels. Despite Nifty and Sensex trading flat, there was action aplenty in broader markets. The midcap and smallcap indices saw strong gains. The Asian stocks were mostly lower today following a subdued lead from ... Read More »

Saurabh Agrawal is the Tata Sons’ Chief Finance Officer

Saurabh Agarwal, a veteran investment banker, was the strategy head of Aditya Birla Group. Tata Sons has roped in Aditya Birla Group strategy head Saurabh Agrawal as Group Chief Financial Officer of the salt-to-software conglomerate. Mr. Agarwal, a veteran investment banker with two decades of capital markets experience, will join Tata Sons with effect from July 2017, has worked on ... Read More »

China’s Xi Says Silk Road Plan Boosts Finance, Security Ties

Russian President Vladimir Putin, right, and Chinese President Xi Jinping, left, walk prior to the opening ceremony of the Belt and Road Forum in Beijing, Sunday, May 14, 2017. (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP) (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP) BEIJING (AP) — Pledging more than $100 billion in financing, Chinese President Xi Jinping called ... Read More »

Is Britain’s car finance market heading for a mis-selling scandal?

THOUSANDS of British drivers could have been mis-sold loans to purchase their cars, causing them to pay over the odds for their motors. The UK’s £40billion car finance industry may be heading towards a mis-selling scandal if it’s found the terms have not been properly explained to drivers, according to reports. PA:PRESS ASSOCIATION ARCHIVE 2 Claims that loans were being mis-sold to ... Read More »

Digital tax among finance bill measures shelved

More than half of the finance bill has been put on hold until after the general election to allow more debate on dozens of controversial measures, including plans to force landlords and small businesses to keep digital records. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the ... Read More »

Alt finance takes the unicorn lead

BI Intelligence This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. Billion-dollar valuations are broadly considered to be an important marker of a young company’s viability, and a key indicator of potential future returns for investors. However, in many geographies, VC investment in fintech has been slowing recently, and such valuations ... Read More »

RBI proposes wholesale, long-term finance banks

The Reserve Bank of India (RBI) on Friday proposed to float wholesale and long-term finance (WLTF) banks that would fund long-term high-value projects — something similar to the development finance institutions (DFIs) of the past. “Going forward, considering the existing landscape of banking and non-banking services in the country, it is felt that there is a need to explore the ... Read More »