Tag Archives: funding

Reliance on short-term funding poses risk to vehicle finance companies: Moody’s

Many Indian lenders have diversified into other businesses, such as home equity financing and business lending, which carry lower rates than any type of vehicle finance and suppress their overall asset yields. Heavy reliance on short-term wholesale funding and thin liquidity pose common risks for Indian vehicle finance companies. Vehicle finance companies in India are among the fastest growing in ... Read More »

Manappuram Finance withdraws release on securing funding from NABARD

Non-banking finance company Manappuram Finance Thursday withdrew a release it had issued earlier in the day regarding securing debt funding from NABARD. The release titled ‘Manappuram Finance secures Rs 695 crore debt funding from NABARD’ is being “retracted with immediate effect due to factual inaccuracies in statement as well as transaction”, the company said. Manappuram Finance also said it would come out with a revised announcement ... Read More »

SAIF Partners-backed Aye Finance raises $10 mn in debt funding

Non-banking finance company Aye Finance Pvt. Ltd said on Thursday it has raised $10 million (Rs 71 crore) in debt funding from Swiss asset manager responsAbility Investments AG and homegrown firm Northern Arc Capital. Aye Finance will use the proceeds, raised through non-convertible debentures, to boost its loan growth, it said in a statement. This is the 12th such debt ... Read More »

Olympic and Paralympic funding: Sports ‘positive’ after meeting with UK Sport

Dame Katherine Grainger ‘not surprised’ by 11 sports opposing UK Sport funding Eleven Olympic and Paralympic sports ‘thrown under the bus’ in funding cuts last year have had a ‘positive’ meeting with UK Sport chair Katherine Grainger. It follows a campaign they launched in June to challenge UK Sport’s ‘no compromise’ approach to funding. They would like to see a ... Read More »

‘Won’t stop funding to women study centres’, says UGC

The support for women’s studies centres was under the plan head from the Sixth Plan onwards. These centres were established and sustained by special grants and support given by the UGC. University Grants Commission Following a University Grants Commission (UGC) notice that makes funding for women’s studies centres in universities and colleges across India uncertain after September 30, the commission ... 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 »

Republicans in N.C. Senate cut education funding — but only in Democratic districts. Really.

This bit of North Carolina news won’t get as much attention as the infamous “bathroom bill,” which insisted that people at public schools and other government-run facilities use bathrooms that correspond to the gender listed on their birth certificate, sparking a boycott of the state. But it is worth noting as a new lesson in how not to drag schools ... Read More »

Creative Ways to Get Funding Without Going to the Bank

Are you having a tough time finding financing for your small business or just don’t know where to turn? Today there are more financing opportunities out there than ever before — if you know where to look. We tapped into the expertise of Linda Jenkins (pictured), CEO of the Gold Alliance Group, for some advice. She is the author of ... Read More »

England assures EU student funding fees through 2018

The announcement came as part of a tumultuous week for the UK higher education sector, during which Prime Minister Theresa May called a snap general election and rumours swirled that May is willing to soften her long-held stance on non-EU students being included in net migration figures. “This announcement gives EU students the certainty they need as well as giving ... Read More »