Finance

Follow These Three Tips When Managing Small Business Financing

When you own your own business, you are often so preoccupied with the day to day operations that you rarely have time to manage your own money. Small business leaders do a great job wearing multiple hats at work, but it is very common for them to drop the ball when it comes to managing their affairs. Small business owners are also drivers ... Read More »

Essel Finance gets SEBI nod for Peerless General Finance acquisition

MUMBAI, AUGUST 11:   Essel Finance Management LLP’s (EFM) subsidiary Essel Finance Wealthzone has received SEBI approval to acquire the entire shareholding of the Peerless General Finance and Investment Co. Ltd and others, in Peerless Funds Management Co. Ltd and Peerless Trust Management Co. Ltd. Essel Finance Management is the financial services arm of Subhash Chandra-promoted Essel Group. At present, EFM ... Read More »

Essel Finance gets SEBI nod for Peerless General Finance acquisition

Essel Finance Management LLP’s (EFM) subsidiary Essel Finance Wealthzone has received SEBI approval to acquire the entire shareholding of the Peerless General Finance and Investment Co. Ltd and others, in Peerless Funds Management Co. Ltd and Peerless Trust Management Co. Ltd. Essel Finance Management is the financial services arm of Subhash Chandra-promoted Essel Group. At present, EFM offers a range ... Read More »

Ten tips for making it in finance

It has been 20 years since I began working in finance. What advice would I offer someone starting out in the industry, based on my experience? I’ve spent a good few tube journeys pondering this question, and this is my best effort. 1) Treat the job as if you’re lucky to have it – you are There are many wonderful ... Read More »

How Owning These 5 Finance Franchises Can Help People Invest in Their Future

You have a mind for numbers, assets and an entrepreneurial drive. The only thing you don’t have is an idea on how you want to invest your time, money and energy. Should you start your own business? Make a new product or offer a new service? Or does becoming a franchisee make more sense for you? There are tons of ... Read More »

Reddit just raised a new round that values the company at $1.8 billion

Reddit, the 12-year-old, San Francisco-based online discussion platform that has long called itself the “front page of the internet,” just closed its biggest round ever, from a whole lot of investors, reports Recode. Andreessen Horowitz, Sequoia Capital, Coatue Management, Vy Capital, Fidelity, Y Combinator President Sam Altman, and SV Angel’s Ron Conway all chipped into the $200 million financing. The company’s post-money valuation: $1.8 billion. ... Read More »

L&T Finance net soars 49% as advances surge

L&T Finance Holdings, financial services arm of the engineering major L&T, today reported consolidated net profit growth of 49 per cent at Rs 309 crore for the three months to June driven by higher advances that clipped at 96.4 per cent and better asset quality. This is the fifth consecutive successful quarter for the company after many quarters of headwinds ... Read More »

L&T Finance net soars 49% as advances surge

MUMBAI, JUL 26:   L&T Finance Holdings, financial services arm of the engineering major L&T, today reported consolidated net profit growth of 49 per cent at Rs 309 crore for the three months to June driven by higher advances that clipped at 96.4 per cent and better asset quality. This is the fifth consecutive successful quarter for the company after many ... Read More »

40 Percent of Small Businesses Have Had Cash Flow Issues Within the Last Year

Small businesses have a tough time managing money and payments, a study has found. According to research conducted by WePay, an online payment service provider, 41 percent of businesses report having experienced cash flow challenges. Sixteen percent say they have experienced payment fraud — just in the last year. Small Businesses Cash Flow Issues and Payment Challenges Cash flow issues seem to have ... Read More »

Senate panel to hear ‘school choice,’ finance bill Friday

About 200 Texas school districts, four of them in Central Texas including Lago Vista, are slated to lose $200 million in Additional State Aid for Tax Reduction, which was promised to school districts in 2006 to help them maintain same revenue levels when the Texas Legislature compressed property tax rates by a third. RALPH BARRERA/AMERICAN-STATESMAN The Senate Education Committee on ... Read More »