Finance

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 »

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 »

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 »

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 »

Finance Commission weighing incentives for states for farm reforms

These are among a plethora of stifling rules and regulations that have long hampered India’s progress in agriculture and, in turn, dented its farm export prospects. (Representational image) Fifteenth Finance Commission chairman NK Singh on Wednesday said the panel was considering working out a model to incentivise those states that undertake credible reforms in agriculture by easing or removing damaging ... Read More »

Bajaj Finance to launch QIP next week: Sources

Bajaj Finance will look to issue its qualified Institutional placement (QIP) next week, according to a CNBC-TV18 flash. The size of the QIP is reportedly about Rs 8,500 crore and its price band is likely to be between Rs 3,810–3,900 per share. Five to six domestic and foreign bankers  have been appointed for the issue of the QIP. Bajaj Finance posted a net profit ... Read More »

WeWork could burn through $10 billion rescue finance in 10 months without major costs cuts – AArete

Office-share startup WeWork could blow through its near $10 billion rescue financing package from SoftBank Group Corp in about 10 months unless it quickly implements significant cost cuts, according to Loren Trimble, chief executive officer of AArete, a global consulting firm. “One thing they have to do is get more revenue out of its footprint,” said Trimble, who has combed ... Read More »