Finance news

Stocks close at lowest level since October 2017  Yahoo FinanceU.S. equities slid Monday ahead of a heavy week of market catalysts. The S&P 500 (^GSPC) fell 2.08%, or 54.01 points, as of market close, with the real estate ...

German State Bank KfW Tests Blockchain App for Public Finance Management in Burkina Faso  CointelegraphNews. Germany's major state-owned bank KfW and Burkina Faso's Ministry of Finance will test a blockchain application for use in public financial management, ...

Bay Area finance tech company Figure Technologies expanding to Reno, creating 240 jobs  Reno Gazette JournalFinancial tech and blockchain company Figure Technologies expanding into Reno with plan for 240 jobs.

Former CEA Subramanian sees PSU mergers like PFC-REC as signs of ‘state is back’; votes for a separate fiscal council & only-advisory role for RBI board.

DATAx New York: Five lessons about ML in finance | Articles | Big Data  Innovation EnterpriseMeninder Purewal, data scientist and speaker at DATAx delved into the five introductory lessons he garnered after teaching ML to students at NYU.

Gulf Bank in deal to finance women in mining industry  Business DailyGulf African Bank has signed a deal to finance women in the mining industry. The lender is partnering with the Association of Women in Energy and Extractives ...

A Cost-Saving Medical Revolution If We Can Finance It  ForbesBroad access to the coming genetic cures will be improved by reforms that turn health insurance into actual insurance.

EDs of nationalised banks eligible to become MD of SBI: Finance Ministry  Economic TimesNEW DELHI: In a major policy decision, the government has permitted executive directors (EDs) of nationalised banks to be selected as managing directors of ...

One step forward, two steps back on climate finance  Thomson Reuters FoundationUnder Paris Rulebook, wealthy countries will still be able to count all sorts of dubious things as financial support for poor nations.

D.light raises US$41 million to finance its solar and appliance business  Economic TimesThe new equity funding, energy expertise and the network of the Consortium, led by Inspired Evolution, will enable d.light to expand and accelerate its growth ...

In last three years (2015-2017), action has been initiated against 1,287 officials of State Bank of India for their involvement in fraud.

About ten lakh bank employees and officers would take part in the countrywide strike.

Kotak Mahindra Bank is now required to bring down its promoter stakeholding by 10% over the next remaining 15 days or ready to face action from the central bank.

Ahmedabad: Finance company’s website hacked  Times of IndiaAHMEDABAD: Prakash Shah of Shahibaug, an online finance provider, couldn't believe it when he learnt that his company has been cheating customers on the ...

Power Finance Corporation (PFC) may have to approach foreign banks to raise part of the Rs 7,000 crore it needs to buy out the central government’s stake in REC as public sector banks (PSBs) may hit the regulatory limits set on exposures to a single entity, senior bankers said.