Finance

Muthoot Finance Q3 net profit jumps 59% to Rs 464 cr

Muthoot Finance today reported 59 per cent jump in its consolidated net profit to Rs 464 crore for the third quarter ended December 31, the highest ever quarterly gains on increased demand for loans. The company had made a net profit of Rs 291 crore during the corresponding quarter of 2016-17. Total income grew by 16 per cent to Rs ... Read More »

A fundamental change is underway in the financial markets, and it will not be pleasant

It starts with money and rates. There is a hot debate among the bulls and the bears as to whether the recent change in equity valuations represents technical market factors that will be quickly reversed or a fundamental change that will take some time to play out. I am of the view that there is a meaningful fundamental change underway. ... Read More »

Breakingviews – The Exchange: Italy’s finance boss

(Reuters Breakingviews) – Pier Carlo Padoan, who has run Rome’s Ministry of Economy and Finance for the past four years and under its last two prime ministers, says Italy must continue economic reforms no matter who wins elections in March. Padoan also predicts no “Italian surprise” at the polls. Italy’s Finance Minister Pier Carlo Padoan attends a news conference at ... Read More »

Making sense of the Budget: Here are 10 charts that will help

The union budget is the most awaited economic exercise of the year. Thursday’s budget will be the last full budget of the Narendra Modi government before the 2019 elections. This also increases its political significance. Here are 10 charts which can help you understand the budget better. What do BE, RE and AE figures mean? The budget is not just ... Read More »

How Pre-Seed Stage Financing is Changing

In recent years, further declines in the cost of bringing new software products to market has continued to alter the world of financing early stage software companies in three fundamental ways: First, pre-seed stage valuations have fallen, even though later stage valuations have risen. Second, pre-seed stage investors have shifted the focus of their evaluation of companies from potential to ... Read More »

World Bank Says India Has “Enormous Potential”, Projects 7.3% Growth Rate In 2018

India needs to take steps to boost investment prospects, according to World Bank. WASHINGTON:  HIGHLIGHTS India’s growth numbers of past three years “very healthy” According to World Bank, the country has favourable demographic profile But reducing youth unemployment, pushing for private investment critical With an “ambitious government undertaking comprehensive reforms”, India has “enormous growth potential” compared to other emerging economies, ... Read More »

‘Stop parking funds in public accounts’

Government directive to local bodies As part of the government bid to ease the strain on the State’s finances, all departments and autonomous bodies have been directed to desist from parking their funds in public accounts and be more frugal. On finding that substantial sums have been deposited in public accounts of autonomous institutions and various departments, the Centre has ... Read More »

Artificial Intelligence To Revolutionize Finance Department And Change The Role Of Accountants

LOS ANGELES, Jan. 8, 2018 /PRNewswire/ — Finance & Accounting departments are experiencing fundamental changes as artificial intelligence (AI) software becomes more sophisticated, changing the type of work completed by current staff, according to research results released by BlackLine, Inc. (Nasdaq: BL), a leading provider of financial controls and automation software that enables Continuous Accounting. The research, conducted by Censuswide, incorporates the responses of 300 ... Read More »

Public Accounts Committee meet finds fault with Finance Dept officials on over drawing

Public Accounts Committee meet finds fault with Finance Dept officials on over drawing  Amaravati: The Public Accounts Committee (PAC), in its meeting held at AP Assembly on Monday, finds fault with the Finance Department officials for continuously going for over drawing (OD). The PAC Chairman & YSRCP MLA Buggana Rajendranath Reddy warned the officials for not maintaining and not submitting accounts from ... Read More »

These are the five-alarm personal finance stories of 2017

Globe and Mail readers and I agree that housing is possibly the most important personal finance topic of recent years. Seven of my 15 most-read columns and newsletters this past year were about housing, and I’m sure much the same would be true of previous years. My most popular column in 2017 was titled “Sorry to burst your bubble, but owning ... Read More »