Tag Archives: Finance

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 now among the top 20 NBFCs by market capitalisation

The stock has gained 30% after its robust debut on July 10 MUMBAI, JULY 13:   Within three days of listing, the market capitalisation of AU Small Finance Bank (AU SFB), which got converted from a non-banking finance company to a bank only in April 2017, is larger than PSU banks such as IDBI Bank, Union Bank, Dena Bank and Bank ... 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 »

Finance co staff booked in suicide case

Nagpur: Two employees of different finance companies were booked for abetment to commit suicide by Wadi police, after their names came to fore in investigations into the suicide of Mahesh Patil near his quarter within Ordnance Factory premises last week. Patil, engaged as a labourer at Ordnance Factory, was found hanging from a ceiling rafter of the staircase at an ... Read More »

Deutsche Bank rejects US Democrats’ call for Trump finance details

The logo of Deutsche Bank is seen at its headquarters ahead of the bank’s annual general meeting in Frankfurt, Germany May 18, 2017. Deutsche Bank has loaned the Trump organization millions of dollars for real-estate ventures. REUTERS/Ralph Orlowski Deutsche Bank’s external counsel in Washington, D.C. rejected on Thursday demands by US House Democrats to provide details of President Donald Trump’s ... Read More »

SBI, World Bank finance ₹400-cr solar projects

NEW DELHI, JUNE 2:   State Bank of India and the World Bank announced on Friday that they had financed 100 MW of rooftop solar projects worth ₹400 crore in India. The World Bank aid helped the public sector SBI lower the lending rate to project developers, according to SBI Deputy Managing Director Karnam Sekar. “The support from World Bank has ... Read More »

Finance news you need to know today

THE Australian market looks set to open flat with little to lead it with US and British markets closed due to public holidays. At 0703 AEST on Tuesday, the share price futures index was down four points, or 0.07 per cent, at 5,709. Meanwhile, the Australian dollar is hardly changed against a steady US counterpart with northern American traders absent ... Read More »

IMF approves loan to Mongolia to finance reforms

The IMF forecasts Mongolia’s economic output will shrink by 0.2 per cent this year after growing less than 1 percent last year. The International Monetary Fund said Thursday lenders have approved a USD 5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said it would provide $434 ... Read More »

Cholamandalam Investment and Finance inks pact with Mavin

Following the tie-up, Chola would reward users for using the mobile application in making EMI payments, updating KYC documents among others, a company statement said. (Reuters) Cholamandalam Investment and Finance Company, the financial services division of Murugappa group, has partnered with US-based Mavin as part of its plan to tap rural areas through digital technology. Following the tie-up, Chola would ... Read More »