Finance

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 »

UK’s CDC Group likely to invest over Rs100 crore in Veritas Finance

D. Arulmany, managing director and chief executive of Veritas. Mumbai: CDC Group Plc, the UK government’s development finance institution, is in advanced talks to invest over Rs100 crore in Veritas Finance Pvt. Ltd, which lends to micro and small enterprises, said two people aware of the development. Chennai-based Veritas Finance was registered as a non-banking financial company (NBFC) by the Reserve ... Read More »

ISIS used UK companies to finance terror: Report

HIGHLIGHTS A media report said that the ISIS used a network of companies operating out of Wales to finance terror plots. FBI documents reveal that surveillance technology dispatched to Spain is believed to be linked to the development by the terror group. A Union flag flies at half-mast in front of the Big Ben in London following the August 17 ... Read More »

Srei Infra arm looks to sell shares via IPO

The share dilution is expecting to garner anything between Rs 1800 crore to Rs 2200 crore, depending upon the valuation.  Mumbai: Srei Equipment Finance, the Kolkata based financier of infrastructure equipment will sell equity shares as it seeks to raise money to fund its fledging growth prospects, the company said. The company which is a wholly-owned subsidiary of the listed Srei Infrastructure FinanceBSE ... Read More »

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 »