Finance

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 »

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 »