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Finance

Eveready Appoints Two Senior Finance Officials, Co Denies

Eveready Industries India Ltd (EIIL) has appointed two joint chief financial officers, amid talks that its parent, the Williamson Magor Group, is scouting for a strategic partner for the dry cell battery major. Eveready Industries has denied the appointments to be any indication of a possible restructuring in the company, maintaining that the move was a part of the career ... Read More »

New To The Finance Field? 10 Industry Pros Offer Tips For Young Executives

Today’s finance professionals are entering the workforce at a difficult time. New technology and currencies are rising, the market is in flux, and the economy is increasingly global, making it difficult for them to settle into their careers. To feel grounded, these workers might consider seeking guidance from a seasoned pro. That’s why we asked the experts of Forbes Finance Council for ... Read More »

Venice floods show Europe needs sustainable finance to avoid disaster

In November last year, high winds combined with a seasonal high tide put much of Venice under water as well as causing the devastating loss of life and destruction elsewhere in Italy. The Venetian floods had a high cost both to the local economy and to priceless cultural heritage including St Mark’s Basilica. Work to install innovative underwater flood barriers ... Read More »

Indiabulls Housing Finance falls 2% post Moody’s corporate family rating

Shares of Indiabulls Housing Finance slipped more than 2 percent intraday Monday after Moody’s initiated the corporate family rating at Ba1. The international rating agency Moody’s has initiated the corporate family rating of Indiabulls Housing Finance at ‘Ba1’ with stable outlook. At 09:56 hrs Indiabulls Housing Finance was quoting at Rs 680.05, down Rs 16.35, or 2.35 percent on the BSE. The ... Read More »

Finance panel to reconcile data for its report

Amid a cloud over the credibility of India’s key economic statistics, the 15th Finance Commission  has said that it will reconcile data from various public sources to come up with its own conclusion of a reliable economic data. This was stated by N K Singh, Chairman of the Commission, during a two-day meeting with the Governor of Reserve Bank of India  ... Read More »

EXCLUSIVE: Godrej group plans to foray into financial services business

The Godrej group is looking to enter the financial services business as the company sees a big opportunity in the sector after the liquidity situation is seen easing, sources told CNBC-TV18. The 121-year-old conglomerate, which is present in businesses ranging from real estate to locks to soaps, is planning to launch the financial services business this year, starting with home ... Read More »

ICRA downgrades Yes Bank, Anil Ambani’s Reliance Home Finance, Commercial Finance ratings

For the Anil Ambani-run Reliance Home Finance, where the agency has an outstanding rating on a Rs 1,200 crore commercial paper program, the rating has been downgraded to junk grade of D from A4 with rating watch on negative implications. Private sector lender Yes Bank had a double-whammy Saturday after domestic rating agency Icra downgraded its long-term ratings along with ... Read More »

Buy Shriram City Union Finance; target of Rs 2000: Cholamandalam Securities

SCUF’s, AUM grew by 7.7% YoY to INR 296bn in 4QFY19 predominantly led by growth in SME (14.8%YoY), 2Ws segment (6.9%YoY), and Other Non-gold loans (4.3%YoY). Consequently the loan mix was noted at SME segment (60%), Two Wheeler (18.2%), Loan against gold (9.2%) and Others (12.6%). Overall disbursements remained flat YoY (up 44.3% QoQ) in 4QFY19 at INR 66.1bn, given ... Read More »

British Airways CFO Steve Gunning to take over as IAG finance chief

IAG said on April 15 British Airways’ finance chief Steve Gunning will replace company veteran and chief financial officer Enrique Dupuy de Lome, who steps down after more than eight years in the role. Gunning, who joined British Airways in 1998 and has been its CFO since January 2016, will take over from de Lome at IAG’s annual general meeting ... Read More »

Blended finance’s role in SDGs depends on these changes

A piece of the Sustainable Development Goals puzzle. Photo by: Manuel Elias / U.N. OXFORD, England — Blended finance can play a critical role in bridging philanthropic or public dollars and private capital in trying to tackle the Sustainable Development Goals. But its potential is threatened by a financial system that isn’t forward-looking, according to a group of development financiers and ... Read More »