Finance

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 »

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 »