Finance news

Cabán Raised $171K More Than Katz In Most Recent Finance Report - Ridgewood Post

17-07-2019 23:21 via ridgewoodpost.com

Cabán Raised $171K More Than Katz In Most Recent Finance Report Ridgewood PostJuly 17, 2019 Staff Report Public defender Tiffany Cabán out-raised Queens Borough President Melinda Katz by more than $171270 as their contentious.

RBI as housing finance regulator - Business Standard

17-07-2019 23:09 via business-standard.com

RBI as housing finance regulator Business StandardRead more about RBI as housing finance regulator on Business-standard. In the long run, the integration of regulations between banks and HFCs will prove ...

Yes Bank profit plummets 91% as provisions surge

17-07-2019 22:45

Retail advances grew 43.3% y-o-y and 7.2% sequentially and accounted for 18.3% of all loans. Retail loan growth accounted for 60.5% of incremental y-o-y growth in advances.

Allahabad Bank reports Rs 688-cr fraud by SEL Manufacturing

17-07-2019 22:30

Notably, the lender on last Saturday reported a fraud of Rs 1,774.82 crore by Bhushan Power and Steel (BPSL), a week after Punjab National Bank had declared a fraud of Rs 3,805.15 crore by the same company for which JSW Steel is the highest bidder.

Ex-finance officials stole 190 million pesos in a theft they called 'easy' - Mexico News Daily

17-07-2019 22:27 via mexiconewsdaily.com

Ex-finance officials stole 190 million pesos in a theft they called 'easy' Mexico News DailyThree former Mexico City finance officials were arrested for hacking into the finance department's bank accounts and stealing 190 million pesos.

CSX Considers Promoting Interim Finance Chief - Wall Street Journal

17-07-2019 20:58 via wsj.com

CSX Considers Promoting Interim Finance Chief Wall Street JournalCSX Corp. is considering making its interim finance chief permanent, the company's chief executive said. In May, the freight railroad said its former chief financial ...

15th Finance Commission's term extended till November 30; to suggest funding mechanism for defence - Economic Times

17-07-2019 20:30 via economictimes.indiatimes.com

15th Finance Commission's term extended till November 30; to suggest funding mechanism for defence Economic Times15th finance panel gets extension to examine defence funding mechanism Business Standard15th Finance panel term extended till Nov. 30 The HinduCabinet asks finance panel to consider securing funds for defence The Indian ExpressGovt extends 15th Finance Commission's term by a month till Nov 30 Business TodayView full coverage on Go

US objections to French tech tax overshadow G-7 finance meet - The Japan Times

17-07-2019 20:25 via japantimes.co.jp

US objections to French tech tax overshadow G-7 finance meet The Japan TimesThe Trump administration is objecting to France's plan to tax Facebook, Google and other U.S. tech giants, a rift that's overshadowing talks between seven.

When bitcoin bros talk finance - Financial Times

17-07-2019 19:19 via ftalphaville.ft.com

When bitcoin bros talk finance Financial TimesWe were so distracted by Trump's “I'm not a fan of bitcoin” tweets, and the cryptohysteria that followed, over the weekend that we managed to miss quite a ...

15th finance panel gets extension to examine defence funding mechanism - Business Standard

17-07-2019 19:17 via business-standard.com

15th finance panel gets extension to examine defence funding mechanism Business StandardThe Union Cabinet on Wednesday extended the term of the 15th Finance Commission (FC), and added a new term of reference, which requires the commission ...

Allahabad Bank reports about Rs 688 crore fraud by SEL Manufacturing

17-07-2019 17:59

Last week, the Kolkata-headquartered lender had disclosed to the RBI about a fraud of Rs 1,774.82 crore by Bhushan Steel and Power Ltd (BSPL), alleging diversion of funds from banking system by the company.

Bhushan Power & Steel fraud: After PNB, Allahabad Bank, Punjab & Sind Bank reports misappropriation of funds

17-07-2019 15:51

After Punjab National Bank (PNB), Allahabad Bank, Punjab & Sind Bank on Wednesday reported Rs 238 crore fraud by Bhushan Power & Steel to the Reserve Bank of India (RBI).

SEBI chief Ajay Tyagi writes to PMO, finance ministry seeking to reconsider Budget proposal on surplus... - Firstpost

17-07-2019 15:37 via firstpost.com

SEBI chief Ajay Tyagi writes to PMO, finance ministry seeking to reconsider Budget proposal on surplus... FirstpostLast week, a SEBI employees' body had reportedly sent a letter to Sitharaman opposing the Budget proposal that seeks to transfer 75% of the regulator's surplus ...

50 years of bank nationalisation: What it means, why banks were nationalised

17-07-2019 15:05

India will celebrate the 50 years of bank nationalisation this Friday. As the date nears, discussions are on over the successes and failures of the financial exercise that began the midnight of July 19, 1969.

Buy Manappuram Finance, target Rs 154: Geojit Financial Services - Economic Times

17-07-2019 13:58 via economictimes.indiatimes.com

Buy Manappuram Finance, target Rs 154: Geojit Financial Services Economic TimesBuy Manappuram Finance Ltd. at a price target of Rs 154.0 .

Govt clears 7 amendments to IBC, extends Finance Commissions term - Business Standard

17-07-2019 13:53 via business-standard.com

Govt clears 7 amendments to IBC, extends Finance Commissions term Business StandardRead more about Govt clears 7 amendments to IBC, extends Finance Commission's term on Business Standard. The Cabinet has approved the changes to the ...

Yes Bank Q1 net profit down 91% on-year to Rs 114 crore as provisions rise; key figures in a nutshell

17-07-2019 13:47

India's major private sector lender Yes Bank's net profit plunged 91% on-year to Rs 114 crore, even as higher provisions and worsening asset quality weigh.

Govt may tweak provisions in Finance Bill to shield FPIs from 'super-rich tax': Report - Moneycontrol

17-07-2019 13:27 via moneycontrol.com

Govt may tweak provisions in Finance Bill to shield FPIs from 'super-rich tax': Report MoneycontrolThe government may tweak relevant portions of the Finance Bill to ring-fence FPIs from the effects of the “super-rich” tax, a Business Standard report says.

Could Facebook's digital currency dominate global finance? - Aljazeera.com

17-07-2019 11:43 via aljazeera.com

Could Facebook's digital currency dominate global finance? Aljazeera.comThe buck stops with Zuck: Libra, Facebook's digital currency, faces regulators wary of the social network's history.

Home First Finance mulls Rs 1,500-crore IPO - here's all you need to know - Moneycontrol

17-07-2019 11:23 via moneycontrol.com

Home First Finance mulls Rs 1,500-crore IPO - here's all you need to know MoneycontrolHousing finance firm Home First Finance Company (HFFC) is mulling worth Rs 1,500-crore initial public offer, reports suggest. According to a report in The ...

Oceanis: Ship finance goes digital - Splash 247

17-07-2019 09:22 via splash247.com

Oceanis: Ship finance goes digital Splash 247Oceanis, a Hamburg-based start-up, is looking to reshape ship financing through digitisation. Having worked in both shipping and finance for several years, ...

Dutch development bank FMO plans debt investment in Aye Finance - VCCircle

17-07-2019 09:22 via vccircle.com

Dutch development bank FMO plans debt investment in Aye Finance VCCircleFMO, the Netherlands' development finance company, plans to make a debt investment of $18.2 million (Rs 125 crore) in Indian.

G7 finance ministers look to rein in tech giants at French meeting - Economic Times

17-07-2019 08:35 via economictimes.indiatimes.com

G7 finance ministers look to rein in tech giants at French meeting Economic TimesG7 finance ministers will have the growing powers of big digital firms in their sights when they meet on Wednesday outside Paris despite divisions about how ...

G7 finance chiefs pour cold water on Facebook's digital coin plans - Reuters

17-07-2019 08:23 via reuters.com

G7 finance chiefs pour cold water on Facebook's digital coin plans ReutersGroup of Seven finance chiefs cast a cloud over prospects for Facebook's Libra digital coin on Wednesday, insisting tough regulatory problems would have to be ...

The good, bad and ugly of Finance Minister Nirmala Sitharaman's dollar dreams - The New Indian Express

17-07-2019 07:40 via newindianexpress.com

The good, bad and ugly of Finance Minister Nirmala Sitharaman's dollar dreams The New Indian ExpressSitharaman has decided to be bold and shop overseas for an urgent whip-round of $10 billion via sovereign dollar bonds.

NPA crisis: Loan write-offs by banks cross Rs 2 lakh crore

17-07-2019 03:34

In FY18, PSBs had written off loans worth Rs 1.28 lakh crore. Had banks not written off loans worth close to Rs 2.06 lakh crore in FY19, the value of non-performing assets (NPAs) in the system at the end of the year would have risen by an equivalent amount.

DHFL presents debt recast plan to lenders

17-07-2019 03:28

Mutual funds, who have an exposure of Rs 2,200 crore to DHFL via NCDs and Rs 180 crore of CP, have had a couple of rounds of conversation with the other lenders.

We are evaluating opportunities in the NBFC space: Sanjay Kukreja, partner and CIO, ChrysCapital

17-07-2019 00:36

The company has outperformed quite significantly. It isn’t a domestic company. It is an export-oriented firm that serves the US healthcare market providing services like revenue cycle management, auditing, accounting etc.

Cabán Raised $171K More Than Katz In Most Recent Finance Report - Ridgewood Post

RBI as housing finance regulator - Business Standard

Yes Bank profit plummets 91% as provisions surge

Allahabad Bank reports Rs 688-cr fraud by SEL Manufacturing

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Ex-finance officials stole 190 million pesos in a theft they called 'easy' - Mexico News Daily

CSX Considers Promoting Interim Finance Chief - Wall Street Journal

15th Finance Commission's term extended till November 30; to suggest funding mechanism for defence - Economic Times

US objections to French tech tax overshadow G-7 finance meet - The Japan Times

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When bitcoin bros talk finance - Financial Times

15th finance panel gets extension to examine defence funding mechanism - Business Standard

Allahabad Bank reports about Rs 688 crore fraud by SEL Manufacturing

Bhushan Power & Steel fraud: After PNB, Allahabad Bank, Punjab & Sind Bank reports misappropriation of funds

SEBI chief Ajay Tyagi writes to PMO, finance ministry seeking to reconsider Budget proposal on surplus... - Firstpost

50 years of bank nationalisation: What it means, why banks were nationalised

Buy Manappuram Finance, target Rs 154: Geojit Financial Services - Economic Times

Govt clears 7 amendments to IBC, extends Finance Commissions term - Business Standard

Yes Bank Q1 net profit down 91% on-year to Rs 114 crore as provisions rise; key figures in a nutshell

Govt may tweak provisions in Finance Bill to shield FPIs from 'super-rich tax': Report - Moneycontrol

Could Facebook's digital currency dominate global finance? - Aljazeera.com

Home First Finance mulls Rs 1,500-crore IPO - here's all you need to know - Moneycontrol

Oceanis: Ship finance goes digital - Splash 247

Dutch development bank FMO plans debt investment in Aye Finance - VCCircle

G7 finance ministers look to rein in tech giants at French meeting - Economic Times

G7 finance chiefs pour cold water on Facebook's digital coin plans - Reuters

The good, bad and ugly of Finance Minister Nirmala Sitharaman's dollar dreams - The New Indian Express

NPA crisis: Loan write-offs by banks cross Rs 2 lakh crore

DHFL presents debt recast plan to lenders

We are evaluating opportunities in the NBFC space: Sanjay Kukreja, partner and CIO, ChrysCapital