Cholamandalam Investment and Finance Co Ltd (CIFCL) on Wednesday reported a 85 per cent decline in net profit to Rs 43 crore in the fourth quarter ended March, due to higher provision of Rs 504 crore related to the COVID-19 pandemic and the possible macroeconomic threats. The diversified financial services company had reported a net profit of Rs 292 crore ... Read More »
(JACKSON, NJ) — Jesse Walker, host of the online celebrity show “The Jesse Walker Show,” has gathered Broadway veterans and New Jersey’s best to present a special livestream event of the holiday classic A Christmas Carol, The Radio Play, adapted by and with music by Tony Palermo. It will take place on Tuesday, July 21 at 8:00pm on Youtube and Facebook. All donations and ... Read More »
New Delhi: The Financial Stability and Development Council (FSDC) chaired by Finance Minister Nirmala Sitharaman on Thursday cautioned that the Covid-19 poses a serious threat to the stability of the global financial system as the ultimate impact of the crisis and the timing of recovery, is uncertain at this point of time. “While decisive monetary and fiscal policy actions aimed ... Read More »
Over the past decade the traditional university classroom model of higher education has had to contend with three disruptive forces: the march of the digital age, the persistent creep of online distance education as a viable learning alternative, and a global social movement calling for the democratization of education for those who lack means or access. When the year 2020 ... Read More »
Abhijit Banerjee also runs a Master’s programme (in Data, Economics & Development Policy) with MIT which is half online. Schools and other educational institutions across the globe have witnessed a shift towards online learning as countries around the world have been under a lockdown for over a month now due to coronavirus. India is no different and the country has ... Read More »
Everything takes more time if you are poor. The essentials of daily life, getting groceries and doing the laundry and getting to and from work, take planning and time that most of us scarcely consider when the groceries are being delivered, the washer is down the hall, and getting to work means jumping in our car. For students of modest financial means, ... Read More »
Finance leaders are looking for ways to cut costs, including fast-tracking investments in technologies that automate business processes and improve insights into company operations. That analysis applies to their own organization’s systems and processes as much as to anyone else’s. As CFOs consider a timeline for moving to a modern, cloud-based finance system, among their biggest questions is how to ... Read More »
In an announcement made by Airbnb Tuesday, the home sharing company has unveiled a new contest to help ten lucky winners finance and build the home of their dreams. Called the Unique Airbnb Fund, Airbnb will be gifting a total of $1 million dollars to find and finance the most “unconventional, creative and unique livable spaces on the planet.” The fund—which is meant to empower anyone ... Read More »
Tens of thousands of Indians move to the United States to pursue higher education each year. But like many others who have arrived from a foreign land, they can’t secure education loans or personal loans from the banks at interest rates on par with those levied on local students. The reason why these students — or anyone else moving to ... Read More »
In India, the share of non-bank financial intermediaries in total financial assets rose from roughly 10.5% in 2006 to over 14.5% in 2018. Rising banking regulations over the past decade have shifted market activity to less-regulated shadow lenders not just in India but across the globe, according to a concept paper by principal economic advisor in the finance ministry Sanjeev ... Read More »
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