Finance

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 »

The most effective method to Increase Business Productive

One incredible approach to build business profitability is to buy programming with a specific end goal to computerize things. The more business forms that are computerized, additional time will be spared. This sort of programming additionally enables individuals to remain composed Business Productive.   Making a calendar and adhering to that timetable is another fantastic approach to expand profitability. Individuals ... Read More »

The Most Common Branding Mistakes to Avoid

When you build up your business, you will need to begin branding it with the goal that you can set up an association between the business and people in general. When you are branding your business, you have to stay away from these regular mistakes that can wind up hurting your business as opposed to building up it with people ... Read More »

Donald Trump brings tough trade message in vision for Asia

Donald Trump says the US is ready to make a bilateral deal with any country in the India-Pacific region, but only on the basis of ‘mutual respect and mutual benefit’. Photo: AFP Danang, Vietnam: US President Donald Trump set out a strong message on trade at a meeting of Asia-Pacific countries in Vietnam on Friday, saying the United States could no ... Read More »

Govt plans lending reforms as bankers fear new bad debt crisis

India’s near $147 billion pile of soured loans is replete with examples of powerful and politically connected businesses who are accused of undermining rules to secure credit and then defaulting on loans. Photo: Mint New Delhi: Weeks after India unveiled a $32 billion bailout of state-run banks, top finance ministry officials and bankers will meet this weekend to discuss lending reforms ... 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 »

Is Yahoo a fintech company now?

Yahoo Finance, a division of the once dominant eponymous web portal, is the largest business news website in the US by monthly traffic. Now, it’s becoming more enmeshed in the business of finance through a partnership that will offer brokerage services directly via the Yahoo Finance app—a strategy that could be a sign of things to come for the rest of the ... 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 »