Tag Archives: Finance

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 »

Reliance Home Finance to list on bourses on Friday

Reliance Home Finance (RHF), the demerged home finance business of Reliance CapitalBSE -0.99 %, is going to list on bourses on Friday this week (September 22). Reliance Capital shareholders would get a share of Reliance Home Finance for each share of Reliance Capital held. The parent company will still hold 51 per cent stake in RHF. The HFC managed Rs 13,022 crore assets ... Read More »

Profitability of gold finance cos improves, says Crisil

Profitability of gold loan financiers has surged back to the peak levels seen before the regulatory tightening. Mumbai: Gold finance companies saw return on assets rise to 2012 levels to 4% in financial year 2016-17 due to companies moving to periodic collection of interest on the loans and lowering of product tenures, said rating company CrisilBSE 0.48 %. “Profitability of gold loan financiers ... Read More »

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 »