Finance

The Difference Between Loans, Cash Advances and Factoring

Getting the right financial product for your small business is important. However, entrepreneurs should be careful about which small business financing options they choose. Some make more sense for your company than others. Small Business Trends talked with Hanna Kassis an expert at Segway Financial about how to differentiate between loans, cash advances and factoring. “The biggest difference is cash advances and factoring are not ... Read More »

Sequoia, Norwest lead $50 million funding in Chennai-based Five Star Finance

Investment firms Sequoia Capital and US-based Norwest Venture Partners have led a round of Series C funding in Chennai-based lending company Five Star Business Finance, the companies said in a joint statement on Thursday. Five Star Business Finance is currently a loan provider focused in South India. Existing investors Matrix Partners India and Morgan Stanley Private Equity Asia also participated ... Read More »

Black money: Swiss cite India’s strong data security laws for auto-sharing banking information

Switzerland found India’s data security and confidentiality laws “adequate” for entering into an automatic exchange of information pact, which will open a continuous access to details about alleged black money hoarders in once-all-secret Swiss banks. (Source: Reuters) Switzerland found India’s data security and confidentiality laws “adequate” for entering into an automatic exchange of information pact, which will open a continuous ... Read More »

SC notice to Centre on plea challenging provisions of Finance Act

NEW DELHI: Opposing the Finance Act, 2017, which had curtailed the powers of the National Green Tribunal (NGT), an NGO has approached the Supreme Court, which Friday issued notice to the Ministry of Finance and Ministry of Law and Justice. A bench of chief justice J S Khehar and justice D Y Chandrachud issued notice to the centre on the ... Read More »

Bajaj Finance and Bajaj Finserv: Key plays in financial services

The NBFC arm is a dominant player in consumer durable financing segment. Bajaj Finance 8.30 (0.49%) Finserv 14.55 (0.29%) Bajaj FinServ 14.55 (0.29%) Bajaj FinservBSE 0.51 % and Bajaj FinanceBSE 0.77 % have been sizzling on the bourses and may remain so in the next leg of the rally as its businesses from lending to insurance are showing strong growth. That both the stocks are at near life ... Read More »

Most Small Businesses Spend $1000 or More on Tax Administration Alone

Small businesses are spending way too much time and money on federal taxes, a new survey has found. According to the National Small Business Association 2017 Small Business Taxation Survey (PDF), federal tax burden is one of the biggest challenges facing small businesses. The report finds the majority of small businesses (67 percent) are spending more than $1,000 each year on just ... Read More »

France seeks to make Paris Europe’s leading finance hub

French Prime Minister Edouard Philippe delivers a speech at the Paris Europlace International Financial Forum in Paris, France, July 11, 2017. PARIS, JULY 12:   France will use “all means” to make Paris Europe’s main post-Brexit financial capital, Prime Minister Edouard Philippe said on Tuesday, while international bankers said they wanted to see if such pro-business reforms would stick over time. ... Read More »

One in Six Small Business Owners Set to Get Good Credit Score News on July 1

On July 1 there will be significant changes to consumer credit scores as America’s three largest credit-reporting agencies (Equifax, Experian and TransUnion) will be dropping nearly all civil debts and some tax liens from their reports. These changes will impact individual consumers but could have a greater impact on small business owners who tend to rely heavily on personal credit. Upcoming ... Read More »

Rs 3,000 crore deal: IndoStar to buy stake in ICICI Home Finance

  Photo: www.shutterstock.com IndoStar Capital Finance, a non-banking finance company (NBFC) controlled by private equity firm Everstone Capital, is all set to acquire a majority stake in ICICI Home Finance at an equity valuation of Rs 3,000 crore for the ICICI Bank subsidiary.   Everstone Capital will also invest in the deal. Together IndoStar and Everstone will own two-third of the business. The remaining one-third will continue to remain ... Read More »

New housing finance firms eye affordable housing space

Lodha Ventures, Centrum Housing Finance, JM Financial and Piramal Finance have either started giving out home loans this year or are awaiting licences to begin operations. Photo: Mint Bengaluru: New entrants in the mortgage lending space are focusing on providing small home loans to customers in cities and small towns, aided by government schemes and initiatives to promote affordable housing. New ... Read More »