Finance

Malta Finance Regulator Warns Against Crypto Margin Trading Site

Malta’s government has released a new warning about a cryptocurrency margin trading site. StocksBTC claims on its website to be registered with the agency and to have a physical location in the country. That’s not true, according to the Malta Financial Services Authority (MFSA), prompting it to issue a warning Thursday to investors about the service. In addition, the MFSA noted that StocksBTC “appears to ... Read More »

The highest-paying jobs in finance, according to LinkedIn

SFROLOV/ShutterstockThese finance jobs all have median base salaries of at least $100,000. • Finance jobs have a reputation for coming with massive salaries. • But not all roles are created equal in the finance industry. • LinkedIn looked through its salary data to figure out which finance jobs earn the most money. Finance jobs are a great way to rake in the big bucks. ... Read More »

Buy Repco Home Finance, target Rs 612: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Repco Home Finance with a target price of Rs 612. The current market price of Repco Home Finance is Rs 599.75. Time period given by the analyst is Intra Day when Repco Home Finance price can reach defined target. Company Summary NSE BSE Repco Home Finance L… 0.00 (0.00%) ... Read More »

You still can’t file I-T returns without Aadhaar number

Supreme Court has indefinitely extended indefinitely the Aadhaar linking deadline for mobile numbers and bank accounts, but doesn’t specifically mention I-T returns. Photo: Pradeep Gaur/Mint New Delhi: The income tax (I-T) website still bars taxpayers from filing their returns without an Aadhaar number, in spite of a Supreme Court order that indefinitely extended the deadline for mandatory linking of the unique ... Read More »

After years of shunning fixed maturity plans, Franklin Templeton re-enters the segment

Among the top 15 fund houses in terms of fixed income assets, 78.9% of Franklin Templeton’s fixed income assets lie in securities rated AA & lower; the most in such companies. What is special about Franklin Templeton Asset Management (India) Ltd launching a new fixed maturity plan (FMP)? On 20 March, it launched a new fund called Franklin India Fixed ... Read More »

Will Sebi’s latest plan to curb algo-trading backfire?

The silver lining in the latest algo-trading proposal is that it isn’t as bizarre as, say, the two-queue proposal Sebi flirted with for years to bring parity between sophisticated traders and less sophisticated traders. Photo: Aniruddha Chowdhury/Mint The Securities and Exchange Board of India (Sebi) is considering a proposal to impose a congestion charge to curb algorithmic traders who send large numbers ... Read More »

GE Says Finance Woes Pushing Company Toward Low End of Forecast

(Bloomberg) — General Electric Co. is heading toward the bottom of its profit forecast for the year as the manufacturer faces challenges in its finance operations, a top executive said Wednesday. Following a large charge against an insurance portfolio and plans to shrink the GE Capital division, the company’s earnings are “probably more at the lower end” of the range, ... Read More »

PNB’s LoU story spoils plot for import finance

A majority of Indian lenders are entangled in the Rs 11,300-crore fraud through issuances of unauthorised LoUs by PNB officials in connivance with firms owned by diamond merchant Nirav Modi. KOLKATA | MUMBAI: Import finance, crucial for ensuring critical supplies for India’s industrial and consumer needs, faces serious restrictions as banks clamp down on issue of letters of undertaking (LoUs) after ... Read More »

India’s financial destiny is at the crossroads: Uday Kotak

This is a problem created over several years, cobwebs have settled, everything was justified on the grounds of public interest. As Asia’s richest banker, Uday Kotak has an interesting job at a very interesting time in India’s financial history. The executive vice-chairman of Kotak Mahindra BankBSE 0.67 %leads the country’s most admired lender at a time when about $200 billion is stuck in ... Read More »

Bitcoin Set for Worst Week Since 2013 as Crypto Sell-Off Intensifies

Cryptocurrencies plunged on Friday, with several of the largest falling by more than 20 percent and Bitcoin sliding below $8,000 (roughly Rs. 5.12 lakhs) and headed for its worst week since 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell. The slump in prices this week means the total market value of cryptocurrencies is down to $385 ... Read More »