Finance

Rural Financial Inclusion: Small Finance Banks Could Pick up Where Public Sector Banks Left Off

Microfinance institutions lend at between 20% and 26% and are able to get all their money back with negligible non-performing assets. Credit: Reuters A fundamental change is taking place in Indian banking which has the potential to become as dramatic as bank nationalisation. The process is understood, but its likely impact is not. Hence the issue is missing from headlines. ... Read More »

Srei Equipment Finance to raise Rs 2,000 cr through IPO

Srei Equipment Finance (SEF), wholly-owned subsidiary of Srei Infrastructure Finance, plans an initial public offer (IPO) of equity, to result in dilution of up to 25 per cent of the post-issue paid-up equity capital share. The company expects to raise Rs 1,800-2,200 crore through the IPO, expected to hit the market in the last quarter of this financial year. The proceeds would ... Read More »

What is Purchase Order Financing and is It Right for Your Business?

You just got a big order but your inventory of supplies is down. No need to worry about losing the business. Purchase order financing can set you up with the supplies and inventory you’ll need to start that new job.  Small Business Trends interviewed Taylor Haddix, Funding Specialist at Segway Financial, LLC, to learn more about this financial tool. “Purchase order ... Read More »

M&M Financial Services buys part of Aye Finance portfolio under a securitisation deal

Mahindra & Mahindra Financial Services has bought a part of Aye Finance’s, non-banking finance company (NBFC) licensed by RBI, portfolio under a securitisation deal. The financial terms of the deal were not disclosed. Through this deal, which was facilitated by IFMR Capital, Aye has further diversified its funding sources, having raised money last year through equity and more recently through ... Read More »

Fox Teams With Russo Brothers in Finance-Distribution Movie Deal

Twentieth Century Fox is teaming with the “Captain America” directing team of Joe and Anthony Russo for the studio to co-finance and distribute movies from the brothers’ unnamed production company. The production company will formally launch next year after the brothers complete their work directing Marvel-Disney’s “Avengers: Infinity War” and the untitled sequel. “Avengers: Infinity War” will open May 4, 2018, and the sequel ... Read More »

Small Businesses Big Winners in Proposed Trump Tax Cuts

Historic tax cuts for American small businesses could be just around the corner. In an announcement at the White House today, Treasury Secretary Steve Mnuchin unveiled proposed sweeping reforms to the tax code for all U.S. businesses. At the same time, President Donald Trump’s chief economic advisor Gary Cohn presented proposals to overhaul the personal tax code. That would impact millions of ... Read More »

Park Ridge names new head of finance

Park Ridge Director of Finance Andrea Lamberg. (City of Park Ridge) Like Park Ridge’s mayor and city manager before her, Andrea Lamberg has finally dropped “acting” from her formal city title. The former accounting manager for the city of Park Ridge was recently named director of finance by City Manager Joe Gilmore. Lamberg had been serving as the city’s acting ... Read More »

The What, Why and How of Income Tax Login

Is the deadline for filing your Income Tax Return coming closer day by day? As most of the people rush to file their tax returns, here is everything you need to know about Income Tax Login which will help you file your income tax returns online. The last date for filing your income tax return in India is 31st July ... Read More »

AU Small Finance Bank to make market debut on Monday

New Delhi: AU Small Finance Bank will make its stock market debut on 10 July after successfully concluding its initial public offer (IPO) in June. The IPO of AU Small Finance Bank was oversubscribed 53.60 times during 28-30 June and raised Rs1,912 crore. The category reserved for qualified institutional buyers (QIBs) was oversubscribed 78.77 times, while the portions reserved for non-institutional ... Read More »

Time of Sports raises funding from Amtrak MD Sandeep Arya

New Delhi-based Time of Sports Networks Pvt. Ltd, which provides sports consultancy services, has raised an undisclosed amount of funding from Sandeep Arya, managing director at Amtrak Technologies Pvt. Ltd, it said in a statement. The startup will use the funds to expand its sports consultancy operations and develop a mobile app which will enhance converge of sports and fitness ... Read More »