Thursday , 21 February 2019
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Finance

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 »

Beijing cryptocurrency exchanges told to announce trading halt: source

SHANGHAI (Reuters) – Chinese authorities have ordered Beijing-based cryptocurrency exchanges to stop trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations as of Friday, according to a government notice. The notice was signed by the Beijing city group ... 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 »

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 »