Finance news

Autonomy ex-finance chief sentenced to jail for HP fraud  BBC NewsAutonomy's former finance boss has been sentenced to five years in prison for fraud, linked to the $11bn sale of the UK software firm to Hewlett Packard.

The company had posted a profit of Rs 1,844 crore in 2017-18.

High loan-to-value and high-yield buckets have reported higher delinquencies.

Muthoot Finance posts ₹511-cr net profit in Q4  BusinessLineThe net profit of Muthoot Finance, the largest gold financing company in the country, remained flat at ₹511 crore in Q4 of FY19, compared to ₹508 crore in the ...

Muthoot Finance Q4 profit rises 11% for FY19  Economic TimesKochi: Major gold finance company Muthoot Finance Ltd (MFIN) recorded 11% increase in net profit year-on-year for FY19 at Rs 1972 crore . The loan assets for ...

ESAF Small Finance Bank Q4 profit up over 3-fold  Economic TimesKochi: ESAF Small Finance Bank has posted 234% increase in net profit for the year 2018-19. The net profit increase to Rs 90.28 crore from Rs 26.99 crore in ...

Net interest margin -- a gauge of profitability for banks--was lower by 67 basis points to 2.87 per cent for the latest quarter as against 3.54 per cent a year ago.

Development finance players invest in GEF clean-energy fund focused on India  VCCircleSeven European development finance institutions (DFIs) have invested in Global Environment Fund's South Asia Growth Fund.

Last 2-3 years, finance ministry has been almost in denial about economic stresses: Arvind Singhal  Economic TimesAll may not be doom for consumption but there are stresses in categories dependent on financing.”

Crisil Downgrades Rs 850-Crore Dewan Housing Finance Commercial Papers  NDTV NewsDHFL, as a strategic decision, did not resort to securitisation of readily available housing loans to prop up the liquidity levels, Crisil said. It also said DHFL's ...

I feel sorry for the next finance minister, economy is in bad shape: P Chidambaram  Economic TimesUnseating BJP the prime goal; who becomes PM not very material, says former finance minister.

SoftBank Vision Fund invests $800m in UK finance group Greensill  Financial TimesThe SoftBank Vision Fund has invested $800m in a privately held finance company where former UK Prime Minister David Cameron has worked as an adviser ...

Buy PNB Housing Finance, target Rs 934: Nirmal Bang  Economic TimesPNB Housing Finance is a midcap company, operating in finance sector.

The Future of Finance is Female  Economic TimesDiversification is the cornerstone of sound investment management, and yet diversity remains largely absent from the investment industry. Women investment ...

Indiabulls Housing Finance falls 2% post Moody’s corporate family rating  MoneycontrolThe share touched its 52-week high Rs 1396.85 and 52-week low Rs 576.35 on 06 August, 2018 and 11 February, 2019, respectively.

Family finance: Pune-based Siroyas should align investments to achieve goals  Economic TimesThe Siroyas goals include building an emergency corpus, saving for kids education and weddings, buying a car, taking a vacation and creating a retirement ...