Finance

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 »

ComputerAgriculture finance: Post-demonetisation, cooperative banks in Maharashtra fail to disburse kharif crop loans to farmers

Grape farmer Santosh Gorade at his vineyard in Niphad near Nashik, Maharashtra. (Source: Express photo by Partha Sarathi Biswas) Last kharif, the Nashik District Central Cooperative Bank (NDCCB) disbursed  Rs 1,608.55 crore of crop loans during April-June, exceeding its target of Rs 1,257.18 crore. This season, however, it has given out a mere Rs 61.41 crore as on June 27, way ... Read More »

Want a Better, Safer World? Build a Finance Facility for Education

Students at the Kuje School near Abuja, Nigeria sit outside the classroom. (Photo courtesy of A World at School/Nick Cavanagh) The global education crisis can seem overwhelming. Today, there are 263 million children and young people throughout the world who are not in school, and 60 million of them live in dangerous emergencies. Fast forward to 2030, and our world ... Read More »

Personal finance education is vital to our children’s success

Financial Advisor, founder of Investor’s Resource, specializes in holistic wealth management for owners, professionals, and other high net worth individuals. www.invresource.com – Investor’s Resource, 100 Essex Court, Suite C, Madison, AL 35806 If you read the current news about personal finance, it will come as no surprise that a majority of kids and teens in the United States are not well-versed in ... Read More »

U.S. Bank and Sage Announce AP Optimizer to Streamline Invoice Payments

U.S. Bank (NYSE:USB) and Sage (LON:SGE) announced this week at Sage Summit 2016 in Chicago a new partnership that will benefit Sage customers in the U.S. and Canada. The partnership centers around the introduction of AP Optimizer, an application built by U.S. Bank that lives inside the Sage Live accounting platform. Its purpose, according to Bradley Matthews, head of Middle Market ... Read More »