Tag Archives: Finance

In finance, what is the greater fool theory?

This refers to a theory of asset pricing which states that the price of any financial asset is determined purely by what its buyers are willing to pay for it. In other words, the price of an asset has nothing to do with its underlying fundamental value but depends only on the emotions of buyers. The greater fool theory is ... Read More »

China online finance regulator tells unqualified micro-lenders to stop lending

BEIJING (Reuters) – The National Internet Finance Association of China issued a risk warning letter late on Friday telling “unqualified institutions” to immediately stop offering loans as Beijing steps up a crackdown on the micro-loan sector to fend off financial risks. The 1 trillion yuan ($151.5 billion) short-term, unsecured lending sector, known as “cash loan” in China, has been accused ... Read More »

Cabinet approves new finance panel

Fifteenth Finance Commission will have its task cut out following GST roll-out The Cabinet on Wednesday set the ball rolling for the constitution of the Fifteenth Finance Commission, which will decide the devolution formula for revenue-sharing between the Centre and States from the year 2020 till 2025. The Commission, whose members and terms of reference will be notified soon, will ... Read More »

Bain may partially exit L&T Finance; debt-laden Binani Cements attracts 15 suitors

Private equity giant Bain Capital Partners is looking to partially exit L&T Finance Holdings Ltd through a block deal, a business daily reported Quoting an unnamed person, The Economic Times said that Bain Capital will sell a 2.12% stake for Rs 750 crore. “Bain Capital has given the mandate to Citibank to sell a 2.12% stake in L&T Finance at Rs 180-185 ... Read More »

SBI ties up with Escorts to finance farmers for purchase of tractors

MUMBAI, OCT 23:   State Bank of India (SBI) on Monday said it has signed an agreement with Escorts Limited to finance farmers for purchase of Escorts Tractors. The aim of the tie-up with Escorts Limited is to promote, market and make accessible, organized finance facility at competitive interest rates to farmers, who wish purchase POWERTRAC and FARMTRAC Tractors manufactured by ... Read More »

Home Credit Finance India looks to grow white goods financing

The company, which has its roots in Prague, is aiming a credit portfolio of Rs 4000 crore by December 2017, as against Rs 1570 crore at the end of December 2016. Non-bank lender Home Credit India Finance, predominantly a mobile handset financier, is now looking to finance more TV sets and washing machines to grow its footprints in India. The lender ... Read More »

Piramal Housing Finance to raise Rs 400 cr via Commercial Paper

Ajay Piramal, chairman, Piramal Enterprises Piramal Housing Finance, which began operations last month, will lift its first market borrowings through Rs 400-crore commercial paper, a short-term money market instrument.   Rating agency ICRA has assigned ‘A1+’ rating to the housing finance company’s commercial paper.   ICRA said the company enjoys operational synergies with its parent Piramal Finance Ltd, thanks to PFL’s experience in real estate lending and the large ... Read More »

NO INFLATION? TECHNOLOGY MAY HAVE LEFT IT BACK IN THE 20TH CENTURY

During her speech to the National Association of Business Economics on Tuesday, Federal Reserve Chair Janet Yellen made a rather startling admission: The Fed may have “misspecified” its models for inflation and “misjudged” the strength of wages and the job market. Leaving aside the odd choice of words, Yellen—true to her training and temperament—proved herself more interested in understanding the world as ... Read More »

Swiss Finance Regulator Is ‘Investigating ICO Procedures’

Switzerland’s top financial markets regulator is investigating the practices behind an undisclosed number of initial coin offerings (ICOs). Though it didn’t name any specific token sales, the Swiss Financial Market Supervisory Authority said today that it is examining “a number of ICO cases to determine whether regulatory provisions have been breached.” Specifically, the regulator wants to see whether organizers of ICOs, who sell ... Read More »

The need for reforms in healthcare finance

The current ‘system’ of health financing is largely out-of-pocket payments, with tax breaks provided for health insurance. Photo: Mint The Centre and state governments are experimenting with several new and exciting ideas in healthcare reforms. What is missing, however, is a serious reform agenda for health financing. The last big reform was expanding the coverage of the Rashtriya Swasthya Bima ... Read More »