Finance news

Canada's equity plan to make homes affordable  Finance and CommerceCanada's housing agency will spend up to C$1.25 billion ($943 million) over three years to take equity positions in homes bought by first-time buyers, part of a ...

With Persian new year around the corner, many Iranians struggle to finance the festivities  Euronews EnglishAs Iran prepares to celebrate Nowruz, a holiday that marks the arrival of spring and Persian new year, families flock to the market to buy the necessary to host ...

Cash-back ETF a sign of trouble for asset managers  Finance and CommerceThere's a whiff of desperation among asset managers in their seemingly never-ending war on fund fees. Last week, one ETF upstart created a minor splash by ...

Opendoor gobbles up another $300 million to finance ‘rapid growth’  San Francisco Business TimesSan Francisco-based Opendoor, which offers quick sales of homes for a fee, has raised $300 million in equity as it pursues several growth initiatives.

Fraud office arrests four over mini-bonds  Financial TimesThe chief executive of collapsed London Capital & Finance and the chairman of an oil company it lent to are among four men arrested as part of a criminal ...

The credit growth of private banks in the third quarter of the current fiscal was at 22% year-on-year (y-o-y), which remained over 20% for the fifth consecutive quarter. However, the credit growth of the public sector banks remained subdued at 8.4% y-o-y, showed RBI data.

It intends to shift focus from corporate lending to retail, and aspires to raise share of retail banking portfolio to 70% from 50% at present in 5 years

Digital is the core of everything that we want to do within the bank. We were the first international bank to join UPI and launch it in November 2016.

Starbucks Gets Into the Venture Finance Business  Barron'sThat food and drink companies would want to get into the venture business isn't completely surprising. Several, including General Mills (ticker: GIS) and Kellogg ...

India's Power Finance Set to Buy $2.1 Billion Stake in Peer REC  BloombergPower Finance Corp. Ltd., an Indian lender to power projects, will acquire the federal government's stake in state-run peer REC Ltd. for 145 billion rupees ($2.1 ...

Cargo monitoring firm launches IoT-led trade finance service  Global Trade Review (GTR)Arviem, a technology company that uses internet of things (IoT) sensors to monitor cargo, is expanding its business to help financiers optimise their lending ...

Defense Alone Won't Stop Cyber Threat To U.S. Finance  ForbesThe threat of a catastrophic cyberattack is the biggest risk to the U.S. financial system, Fed Chairman Jerome Powell said recently. And while defenses have ...

PE-backed private lender leads race to buy InCred's home finance unit  VCCircleA private-sector lender has emerged as the front-runner to acquire the housing finance unit of InCred Finance, three people familiar.

Buy LIC Housing Finance; target of Rs 590: Sharekhan  Moneycontrol.comSharekhan is bullish on LIC Housing Finance has recommended buy rating on the stock with a target price of Rs 590 in its research report dated March 14, ...

Africa Climate Week: Cyclone Idai highlights urgent need of climate finance  Down To Earth MagazineThe cyclone is already being touted as one of the worst natural disasters in the southern hemisphere.

VLS Commodities Pvt Ltd increases stake in VLS Finance Ltd through purchase of 5000 shares from market  Equity BullsVLS FINANCE LTD.'s Promoter Group, VLS COMMODITIES PRIVATE LIMITED has purchased 5000 equity shares of the company through Market Purchase in ...

Kuldeep Singh Solanki increases stake to 20.52% in Sainik Finance & Industries Ltd  Equity BullsSAINIK FINANCE & INDUSTRIES LTD.'s Promoter & Director, KULDEEP SINGH SOLANKI has purchased 269824 equity shares of the company through Off ...

UK government probes algorithm bias in crime, recruitment, and finance  Yahoo News"Technology is a force for good and continues to improve people's lives, but we must make sure it is developed in a safe and secure way," digital secretary ...