Finance

How to Use Cryptocurrencies and Blockchains to Innovate in Your Small Business

For businesses, these are exciting times, especially with the enhanced capabilities that fintech startups and service providers can offer, whether you are an enterprise seeking to optimize operations or a small business looking to expand. Looking beyond the cryptocurrencies, however, what’s more important are the fundamental technologies that underpin these new asset classes, which are their respective blockchains. These are ... Read More »

3 Small Business Operations to Outsource

As a small business owner, you have chosen to take the road less traveled. You have probably realized that the number of hats you are wearing means your plate is constantly full of tasks that must be completed in a timely manner. Sometimes, it makes sound business sense to outsource the repetitive and time consuming duties. Payroll services for small ... Read More »

Close-ended investment solution a good investment option

Remember the question from one of the classic Akbar-Birbal stories: “What is the thing that travels the fastest in the world? Back in the days of Mughal Emperors, travel was typically by bullock carts, horseback etc. In the story, Birbal didn’t come up with any forward looking vision or forecast of the Hyperloop or airplane or bullet train but he ... Read More »

When Financial Transparency Helps or Hurts Your Business

Financial transparency can be a tricky issue for small businesses. You may be tempted to keep the majority of your financial information on a need-to-know basis among only your top leadership team. But there can be benefits to sharing this type of information with your team, especially for small, early-stage businesses. Frederic Kerrest, COO and co-founder of identity management company Okta wrote ... Read More »

Small Business Headlines from Xero, Paypal, Shopify and More

When it comes to your business’s finances, there are so many different tools for you to consider. So it can be a big help when the tools you already use integrate with one another to make the whole process easier. Recently, Xero announced improved integration with PayPal. And Shopify also added a partnership that could help merchants with their finances. ... Read More »

AU Small Finance gets scheduled commercial bank status

AU Small Finance Bank has received Reserved Bank of India (RBI) approval to operate as Scheduled Commercial Bank. This bank’s name has now been included in the Second Schedule of Reserve Bank of India Act, 1934. Post acquiring scheduled commercial bank status, AU Small Finance Bank will be able to do borrowing and lending with RBI under Liquidity Adjustment Facility ... Read More »

China’s central bank chief urges Beijing to promote equity, cut debt, eliminate ‘zombie’ companies

China’s central bank boss spelled out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported on Saturday. Zhou Xiaochuan, Governor of People’s Bank of China, said that the market should play a “decisive role” in allocating financial resources, but also stressed the importance of stronger ... Read More »

Morgan Stanley initiates coverage with overweight rating on AU Small Finance Bank

     AU Small Finance Bank share price gained a little over 2 percent after global brokerage firm Morgan Stanley has initiated coverage with overweight rating on the stock. The research house has set a target of Rs 725 per share for the stock, implying 19.3 percent potential upside over Thursday’s closing price. Morgan Stanley expects the non-banking finance company to ... Read More »

Where Small Businesses Affected by the 2017 Hurricane Season Can Turn for Funding

Businesses in several states and territories are struggling to recover after recent hurricanes. Harvey, Irma, Jose and Nate all had an impact on residents and businesses in the U.S. And for small businesses especially, recovery can be a lengthy process. But the early stages of recovery can be critical for small businesses. If you wait too long to secure financing and ... Read More »

Family Finance: Chennai-based Balasubramaniam couple needs to cut expenses to meet financial goals

Balasubramaniam can begin by building an emergency corpus of Rs 2.94 lakh, which is equal to his six months’ expenses S. Balasubramaniam stays in Chennai with his homemaker wife and a three-year-old son. He brings in Rs 50,000 a month as salary, of which Rs 30,000 is spent on household expenses, Rs 15,000 is given to his parents, and Rs ... Read More »