Author Archives: Loknath

How To Empower The Next Generation Of Finance Leaders

The complex field of investment management is steadily evolving, and this means leaders from all sectors must keep their eyes peeled for new talent. But balancing retention and professional development on top of the seemingly endless recruitment process for top talent can be burdensome for business owners. To help remove some of the burden, here’s a rundown of what investment ... Read More »

Opinion | Redefining our purpose of education

What is the purpose of education? Why do we spend enormous amounts of money to attend school? What is the point of sitting in a classroom for hours on end? Why are we even here? You will get a different answer to these questions from everyone you ask, and that, in itself, is the beauty of education. It does not ... Read More »

Ujjivan Small Finance Bank raises capital in pre-IPO round

MUMBAI : Ujjivan Small Finance Bank has raised ₹250 crore in a pre-initial public offering (IPO) round led by India Infoline (IIFL) group’s funds, a private equity fund of Avendus Capital and Akash Bhanshali of Enam Group. The pre-IPO round closed on Wednesday. The lender’s filings with the registrar of companies (RoC) shows that funds managed by IIFL invested around ₹136 crore in the pre-IPO round. The ... Read More »

A personal finance house-keeping checklist for NRIs to focus on during their India visit

We are close to that time of the year again, when a large number of Non Resident Indians (NRIs) based in different geographies plan their annual visits to India to catch up with friends and family. In the midst of all the lunches and dinners, it is also the time to take stock of all the personal finance related house-keeping ... Read More »

The Education Department is cancelling $10.8 million in student loan debt for students at two shuttered schools

More than 1,500 former students at two shuttered schools will get a fresh start on their finances after the U.S. Department of Education said it will void their student loans. The department will cancel approximately 4,000 loans for ex-students at the Art Institute of Colorado and the Illinois Institute of Art, amid scrutiny from a Congressional committee and a class-action ... Read More »

Finance ministry turns down MoRTH’s demand for Rs 43,000 crore hike in outlay

Of the total budgetary support for the current fiscal, MoRTH has already spent Rs. 51,798 crore or 62% by September end, as per the Controller General of Accounts data. Despite the apparent thrust being given to infrastructure spending, the finance ministry has rejected the road transport and highway ministry’s demand for hiking the budget outlay for it by Rs. 43,000 ... Read More »

Here are top 6 gadgets that you can buy and gift this Diwali

Diwali in India has traditionally been associated with buying and gifting. Be it gold, real estate, food hampers, automobiles, or simply mobiles, gadgets, and other accessories, it is the season to splurge. Aiding buyers in this process are tens of hundreds of brands, online shopping platforms, credit/debit card companies, and mobile wallets with their hourly, daily, and weekly deals. You might be spoilt ... Read More »

UK election rivals: Dueling promises from finance minister foes

Two men are vying to be the United Kingdom’s next finance minister. One is a former banker who hangs a portrait of free-markets champion Margaret Thatcher on his office wall; the other is a proud socialist intent on overthrowing capitalism. On Thursday, Conservative Party incumbent Sajid Javid and the Labour Party’s would-be finance minister John McDonnell used speeches to argue that the December 12 election is ... Read More »

ICICI Bank closes its dedicated project finance vertical, to continue infra lending through corporate finance vertical

ICICI one of the largest private-sector lenders in India, has shut down its dedicated project finance vertical amid a slowdown in demand for such loans and as part of the bank’s strategy to focus on retail banking, multiple people aware of the move confirmed to CNBC-TV18. A “handful” of people that were part of the project finance vertical have been ... Read More »

Should corporate taxes finance anti-poverty programmes?

The government’s move to reduce the corporate tax was in keeping with the principle of broadening the base. Congratulations to Abhijit Banerjee and Esther Duflo, along with Michael Kremer, for winning the Nobel prize for their research in applying randomised control trials for anti-poverty interventions. We, Indians—and, more particularly, the economists’ community—are proud of their achievement. With the achievement, comes ... Read More »