Finance

Family Finance: High savings to help salaried Dalals meet goals

While aggressive investment in equity will help, it needs to be aligned to goals for a smoother journey. Nishit and Dipti Dalal are both employed and bring in a combined monthly salary of Rs 1.68 lakh. They stay in their own house in Ahmedabad and have bought another house worth Rs 60 lakh as an investment. They have taken a ... Read More »

Centrum set to buy L&T Finance’s supply chain business

Centrum is expected to take on board the executive team of about 60 people, scaling up the business significantly after the buyout. The Centrum Group, controlled by former Standard Chartered banker Jaspal Bindra, is set to acquire L&T Finance’s supply chain lending business that has an outstanding loan book of Rs 800 crore. The divestment is part of a broader Larsen &Toubro ... Read More »

Arun Jaitley resumes charge of finance and corporate affairs ministries, as directed by President Ram Nath Kovind

President Ram Nath Kovind reassigned the portfolios of Finance and Corporate Affairs to Union minister Arun Jaitley on Thursday. A press statement released from the Rashtrapati Bhavan said that the President, “advised by the Prime Minister” and has directed that the portfolios be assigned to the minister after his hiatus of three months. Jaitley (65), underwent a renal transplant operation at the All India ... Read More »

How to fund child’s education: Take a loan or use own funds?

Keeping your accumulated savings invested and taking an education loan instead can benefit you. Photo: Alamy Any big-ticket spending requires you to either have the required funds in place or a financing option. When dealing with long-term financial goals, such as higher education of children, you have the advantage of planning much in advance. Here’s how you can go about ... Read More »

Post-note ban, ‘kala dhan’ became ‘jan dhan’: MoS Finance

Facing criticism over the 2016 demonetisation drive, the Union government today said benefits of the note ban are being reaped now as hoarded cash is being put to productive use. “The money which was lying idle and was no way in use, has now come into the banking system. This money is now being used for the interest of the ... Read More »

For High Fixed Deposit Returns Up To 9%, Choose Small Finance Banks, Non Banking Financial Companies

Mahindra Finance, offers interest rate on fixed deposit at 7.95 per cent for a 15-month fixed deposit. For individual depositors, a bank fixed deposit (FD) is considered the safest form of investment, especially with a large commercial bank such as State Bank of India (SBI). The income from the bank FD is not only safe, but also accessible at any ... Read More »

Three steps to consider before migrating Finance & HR to the Cloud

Cloud migration that integrates finance and HR systems is proven to improve internal collaboration – between the functions and with the IT team, and deliver better performance in terms of cost and time to deliver. Were you aware that 35 percent of companies intend to develop a shared finance and HRfunction? A research conducted by MIT Technology and commissioned by Oracle, reveals that ... Read More »

Bankruptcy code must include buyers

On 1 May 2018, Insolvency and bankruptcy board of India stated that they seek comments from public on the rules and regulations notified under the Insolvency and Bankruptcy Code, 2016. Photo: iStock On 1 May 2018, Insolvency and bankruptcy board of India stated that they seek comments from public on the rules and regulations notified under the Insolvency and Bankruptcy ... Read More »

Returns in shares are higher than from mutual funds

Photo: iStock Most great investors are known to have created wealth by investing directly in shares. Their success stories are part of investment folklore. Shares are always referred as the top wealth creating asset among all assets available. The returns on direct investments in certain stocks could be huge but at the same time some shares might underperform so badly ... Read More »

Just a third of credit-worthy consumers tapped by banks: Cibil report

This segment of eligible consumers promises retail lending opportunities for banks through products such as credit cards, personal loans and consumer durable loans. Photo: iStock Mumbai: Even after the increased focus on retail loans for a decade, banks and other lending institutions have been able to tap only into a third of the estimated 220 million credit-eligible consumers, a report said. ... Read More »