Finance news

The next couple of months should see progress on the asset management company-alternative investment fund (AMC-AIF)-led resolution approach under the Sashakt programme with discussions continuing with investors interested in the AMC and as co-stakeholders in the AMC and the AIF, and the term-sheet under preparation, Sunil Mehta, Punjab National Bank’s non-executive chairman, tells Mitali Salian.

The issue is with a base issue size of Rs 100 crore with an option to retain over-subscription up to Rs 650 crore, aggregating up to tranche limit of Rs 750 crore. The NCDs are proposed to be listed on BSE.

Repco Home Finance Q3 net profit jumps 31% to Rs 56 crore  The Financial ExpressLoans to the self-employed segment accounted for 55.1% of the outstanding loan book and loans against property product accounted for 18.4% of the same.

Loans to the self-employed segment accounted for 55.1% of the outstanding loan book and loans against property product accounted for 18.4% of the same.

The monetary penalty on the banks has been imposed for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accounts, RBI said in a statement.

Kate Middleton Wears a Dreamy Gucci Gown for the 100 Women in Finance Gala  HarpersBAZAAR.comKate Middleton, The Duchess of Cambridge, attends the 100 Women in Finance gala wearing a Gucci gown. See her full look here.

CaixaBank Partners With EIB To Finance Climate Change Projects  CleanTechnicaFebruary 13th, 2019 by Joshua S Hill. Spanish banking giant CaixaBank is partnering with the European Investment Bank to launch its first credit line to finance ...

Coal and finance the two major challenges facing power sector: R K Singh  Business StandardUnion Minister for Power R K Singh said that the power sector in the country has been facing two major challenges -- availability of coal and finance for the new ...

Union Bank of India also has been fined to the tune of Rs 1 crore. On the other hand, Corporation Bank has been slapped with a penalty of Rs 2 crore.

Paragon Finance Standalone December 2018 Net Sales at Rs 0.87 crore, down 1.13% Y-o-Y  Moneycontrol.comNet Sales at Rs 0.87 crore in December 2018 down 1.13% from Rs. 0.88 crore in December 2017. Quarterly Net Profit at Rs. 0.25 crore in December 2018 up ...

Union Bank of India also has been fined to the tune of Rs 1 crore. On the other hand, Corporation Bank has been slapped with a penalty of Rs 2 crore.

Muthoot Finance to raise up to Rs 750 cr through bonds  Moneycontrol.comThe base size of the issue of Rs 100 crore, with an option to retain oversubscription up to Rs 650 crore.

"Finance Secretary Not Involved In Rafale": Arun Jaitley Defends Auditor  NDTV NewsUnion minister Arun Jaitley today rubbished Congress accusations of the Comptroller and Auditor General being "complicit in the irregularities" of the Rafale ...

Morning Brief: Trump says he is 'not inclined to' let China trade deadline slip  Yahoo FinanceWednesday, February 13, 2019. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe ...

Rajya Sabha Passes Budget, Finance Bill Without Debate; Citizenship, Triple Talaq Bills Lapse  HuffPost IndiaNEW DELHI — The Rajya Sabha passed the Interim Budget and Finance Bill 2019-20 without a debate on Wednesday — the last day of the Budget session of ...

Parliament passes Interim Budget 2019-20  Economic TimesLok Sabha had on February 11 passed the Appropriation Bills and had on Tuesday passed the Finance Bill.Parliament.

IL&FS crisis: Parliamentary panel on finance seeks inquiry commission into IL&FS crisis  Economic TimesThe parliamentary standing committee on finance has asked the government to set up a high-level inquiry commission to identify the reasons behind the ...

Rajya Sabha passes Budget, Finance Bill without debate  Moneycontrol.comThe Interim Budget, Appropriation Bills and Finance Bill were passed by a voice vote in the Upper House after a broad consensus was arrived among political ...

RS passes Budget, Finance Bill without debate  Times of IndiaIndia News: The Interim Budget, Appropriation Bills and Finance Bill were passed by a voice vote in the Upper House after a broad consensus was arrived ...

Ted Cruz ups his campaign to make El Chapo finance Trump’s border wall  Daily MailSenator Ted Cruz repeated his call to use Joaquin 'El Chapo' Guzman's seized assets to fund the construction of President Trump's promised wall along the ...

Parliamentary panel on finance seeks inquiry commission into IL&FS crisis  Economic TimesThe parliamentary standing committee on finance has asked the government to set up a high-level inquiry commission to identify the reasons behind the ...

Parliament finance committee collapses with Government unable to muster a quorum  Stuff.co.nzThe Government scrambled to find MPs to attend, National had the last say on a quorum. Who is to blame?

Yoma swings to S$4.9m Q3 loss on higher finance expenses, absence of gains from Memories spin off  The Business TimesMAINBOARD-listed Yoma Strategic Holdings sank to a fiscal third-quarter net loss of S$4.9 million from a year-ago S$16.8 million profit on higher finance ...

Finance ministry spent Rs 1,157 crore in 2017-18 without prior Parliament approval: CAG  Financial ExpressThe finance ministry didn't devise an appropriate mechanism in respect of new *service*/new instrument of *service*, which led to the extra spending.

What’s Wrong With Functional Finance? (Wonkish)  The New York TimesThe doctrine behind MMT was smart but not completely right.

Which City Is Winning the Race to Be Europe's Next Finance Hub? None  OZYBrexit is spawning a race between several European cities to grab a growing number of financial institutions fleeing London.