China internet finance body suggests framework for virtual currencies

SHANGHAI: A senior executive at China’s internetfinance body has urged Chinese regulators to create a tougher framework of regulations to support the development of digital currencies amid Beijing’s crackdown on trading on virtual tender such as bitcoin. Chinese regulators are cracking down on the cryptocurrency sector, in a bid to stamp out potential financial risks as consumers pile into a highly risky and ... Read More »

I’m a financial planner — here’s what I tell people who ask if they’re saving enough money

sunglasses thinking happy future More (Once you start moving, it’s easier to keep going.Flickr/normalsanik) Savings advice can sometimes seem like satire. Start early. Save 15% of your income. Make sure it’s your pretax income. Do it for 40 years. Cross your fingers. Click your heels. But in the real world, that’s not how it works for most people. As a financial ... Read More »

Bajaj Finance trades higher on fund raising through QIP

Bajaj Finance was trading at 1,808.55 per share, up by Rs 14.15 per share or 0.79% as of 1041 hours. The stock attracted a total traded volume of 4,51,632 shares and traded value of Rs 81.39 crore on NSE. The stock was outperforming the Bank Nifty index in the morning hours on Wednesday. Bajaj Finance on Tuesday has launched a qualified ... Read More »

BRICS Summit 2017 has potential to boost trade, economy, finance but members need to start work now

The idea of BRIC emanated from an investment bank which had conjectured a theoretical possibility of four countries in the developing world, i.e. Brazil, Russia, India and China, taking on the role of engine to growth for the world economy. This concept gained more relevance after the financial crisis set in where it was believed that the emerging markets were ... Read More »

Demonetisation benefits visible in IT enforcements, tax filings: Finance ministry

A day after the RBI’s report revealed that 99% of demonetised currency had come back into the banking system, the finance ministry on Thursday claimed that the note ban’s benefits were clearly visible in terms of a quantum jump in enforcement actions and growth in direct tax collections. “The government launched a concerted drive against black money with demonetisation being ... Read More »

What is Purchase Order Financing and is It Right for Your Business?

You just got a big order but your inventory of supplies is down. No need to worry about losing the business. Purchase order financing can set you up with the supplies and inventory you’ll need to start that new job.  Small Business Trends interviewed Taylor Haddix, Funding Specialist at Segway Financial, LLC, to learn more about this financial tool. “Purchase order ... Read More »

Government lifts foreign restrictions on finance, investment houses

NEDA Undersecretary for policy and planning Rosemarie Edillon said foreign participation in investment houses and other financial activities were among those that would be removed from the FINL. File MANILA, Philippines – The 2017 Foreign Investment Negative List (FINL), slated to be approved by the National Economic and Development Authority (NEDA) board next month, will provide for the lifting of foreign ... Read More »

Investing lessons from the poker table

A few years ago I beat a group of seniors and took $200 from them. No, I’m not a purse-snatching hooligan who preys on the elderly. I’m just a guy who loves to play poker, and one day I took a time off to visit the local casino, where I played poker at a table with several amiable older gentlemen. The experience got ... Read More »

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 »