Finance

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 »

Finance firms fitting ‘kill switches’ to immobilise customers’ cars if they miss a payment

Lenders install GPS devices which allow them to disable drivers’ cars Getty Images Car finance firms are fitting controversial kill switches that immobilise customers’ vehicles if they miss payments. Drivers with poor credit ratings are being offered the GPS devicesby lenders, who can then remotely disable cars if motorists fail to meet debt deadlines. But some lawyers and finance experts have voiced concerns ... Read More »

AU Small Finance Bank crosses Rs 600-mark, up 77% over issue price

AU Small Finance Bank shares continued to rally for third consecutive session since listing, crossing the Rs 600-mark and hitting a new high of Rs 634.80 on Wednesday. The stock surged more than 77 percent from its issue price of Rs 358. On listing day, i.e. Monday, it rallied nearly 52 percent from issue price. It means there has been a ... Read More »

QuickBooks Financing Platform Leverages Your Data for Funding

Never heard of QuickBooks Financing before? Well, this is a marketplace of small business finance products that cover the full spectrum of credit offerings including Small Business Administration loans, lines of credit, short and long term loans and peer-to-peer loans. To date, QuickBooks financing claims that it has helped more than 628 million QuickBooks customers to access financing. How QuickBooks Financing ... Read More »

Will cheap car loans steer Britain to a financial crash?

 The Vauxhall Astra is a favourite among customers of The Car Finance Company. Photograph: Simon Stuart-Miller If you think Britain is teetering on a cliff-edge of impossibly high personal debt, then the website of The Car Finance Company will confirm your worst fears. Maybe you don’t have a job and are on benefits. Maybe you are so hard up you can’t afford ... Read More »