Tag Archives: Finance

Escalating trade battle embroils G-7 finance meet

Amid threats of imminent tariffs on metals and auto imports, escalating trade tensions between Europe and the United States were casting a shadow over a meeting of finance ministers from the world’s top economies. PHOTO: EPA-EFE [WHISTLER, Canada] Amid threats of imminent tariffs on metals and auto imports, escalating trade tensions between Europe and the United States were casting a ... Read More »

Finance Chiefs Face Fresh Crisis Worries Amid Italy Turmoil

Global finance chiefs will be back in crisis-management mode this week as the Group of Seven grapples with the market shock waves from Italy’s political woes. Finance ministers and central bankers from the G-7 nations — who oversee almost half of the global economy — begin three days of meetings at the Canadian ski resort town of Whistler, British Columbia on Thursday ... Read More »

Aye Finance claims to have disbursed 60,000 loans to MSMEs

Aye services over 50 industry clusters in India through its 73 branches, including sports goods manufacturing, hosiery, gota work, marble inlay work, amongst others BENGALURU: Gurgaon based digital lending startup Aye Finance claims to have disbursed 60,000 loans since its inception in 2014 to micro small and medium enterprises giving out a total of Rs 700 crore. “On April 2014, the company gave its ... Read More »

Buy Dewan Housing Finance; target of Rs 726: Edelweiss

Dewan Housing Finance (DHFL) ended FY18 on a positive note. AUM gathered significant momentum—rose >30% (average 20% growth over the past two years)—on the back of robust >80% YoY disbursement growth in Q4FY18. This, along with stable NIMs at 3.03%, supported revenue growth and asset quality also remained stable (GNPLs at 96bps) with coverage of 110% (105% in FY17). However, ... Read More »

Nykaa, Aye Finance raise funding; ecommerce to see higher cross-border data transfer

The Walmart-Flipkart deal, the biggest in India’s ecommerce sector so far, has thrown up a few pertinent questions on data and the privacy of around 100 million Indian online shoppers. With the two large e-tailers Amazon and Flipkart controlling a whopping 75 percent of the market, the data of a significant number of shoppers will now be subject to cross-border ... Read More »

Home finance cost on the rise: What should homebuyers do?

The impact of the hike on customers depends on whether the loan is benchmarked against the base rate of MCLR. Most of the banks in India recently hiked their Marginal Cost of Lending Rates (MCLR) by 5-10 basis points. And with the banks stepping up their MCLR, housing finance institutes are also following suit. It is although not yet clear ... Read More »

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 »

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 »

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 »