Finance

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 »

Are robots taking over the world’s finance jobs?

The year is 2030. You’re in a business school lecture hall, where just a handful of students are attending a finance class. The dismal turnout has nothing to with professorial style, school ranking or subject matter. Students simply aren’t enrolled, because there are no jobs out there for finance majors. Today, finance, accounting, management and economics are among universities’ most popular subjects worldwide, particularly at graduate level, due ... Read More »

Shriram Transport Finance – green shoots in the distant horizon

For Shriram Transport Finance, the last five years have been harrowing. In FY17, the company ended the year with a profit of Rs 1257.3 crore – identical to the profit of Rs 1257.4 crore reported in FY12. Does the future look better? Perhaps yes, but the wait may be a bit longer. Difficult Past The weak performance over the past five ... Read More »

ING bank says it will not finance major Canadian pipeline projects

Dutch lender ING Groep NV has said it would not finance any of Canada’s major pipeline projects, including TransCanada Corp’s Keystone XL and Energy East and Enbridge Inc’s Line 3, after pressure from activists. The move came after ING earlier this month publicly disavowed Kinder Morgan Canada Ltd’s Trans Mountain expansion project, but did not name any other Canadian projects. ... Read More »

Tips to Help Control Your Small Business Finances

There’s no way to get around some of the challenges that come with being a small business owner. But the proper tools and support can help you navigate the world of debits and credits more smoothly.  Here are a few financial challenges you may face and some small business finance tips for managing them. Small Business Finance Tips Cash Management ... Read More »

Small Businesses Unlikely to Hire for Finance Professionals

Numerous studies have found that many small businesses have a limited number of employees. And there seems to be a dearth of specialists within their ranks too. That’s especially true of finance professionals. Small Businesses and Finance Professionals New data from Indeed shows that only 22 percent of the finance jobs openings posted with the employment service were from small ... Read More »

Separating Your Personal and Business Finances: Why and How

New business owners may seek to keep things simple and co-mingle their business and personal finances. This is a BIG mistake. Here’s why, and what you can to do to appropriately separate your financial activities. Why and How to Separate Your Personal and Business Finances Why Keep Finances Separate? There are important financial, legal and tax reasons to separate your ... Read More »

Amazon to Buy US Grocer Whole Foods Market for $13.7 Billion

HIGHLIGHTS Amazon to acquire Whole Foods Market for $13.7 billion Whole Foods Market will continue to operate stores under its brand The deal is expected to close in the second half of 2017 Online juggernaut Amazon is buying Whole Foods in a deal valued at about $13.7 billion (approximately Rs. 88,300 crore), a strong move to expand its growing reach ... Read More »

GST E-Way Bill Implementation Date May Be Extended Due to Lack of Software

HIGHLIGHTS E-Way bill may be delayed for a few months, govt says It’s required for movement of goods over Rs. 50,000 to be pre-registered The goods have to be registered on the GSTN website With just a few days left for GST rollout, the Centre is in favour of postponing by a few months the implementation of the e-way bill, ... Read More »