Tag Archives: Financial

HDB Financial Services lays off nearly 150 employees after performance review: Official

HDB Financial Services, a non-banking financial arm of HDFC Group, has laid off nearly 150 employees after a performance review, a company official said, rejecting allegations by sacked workers that they were asked to leave due to the economic situation caused by the COVID-19-related lockdown. The company official said the exercise is part of its regular annual performance review as ... Read More »

Why financial professionals say cybersecurity is the toughest risk to manage

A new survey from the The Association of Financial Professionals finds cybersecurity is “the most challenging risk to manage,” a drastic change from 2009 when it was a much smaller concern for financial professionals. “Well, it’s probably no surprise to anyone that technology can have great benefits but also can have some downside,” The Association of Financial Professionals CEO Jim Kaitz explained ... Read More »

Family finance: Prabhakaran should stagger primary financial goals to achieve them with ease

Pradeep Prabhakaran is a software engineer who stays with his homemaker wife and a six-month-old child in a rented house in Hyderabad. He brings in a monthly income of Rs 74,000 and after considering expenses and investment, is left with a surplus of Rs 8,709. His portfolio of Rs 28 lakh includes equity worth Rs 12.69 lakh in the form ... Read More »

From farm to home, M&M Financial is doubling down on digital sales

A diversity can often open up new avenues. For Mahindra & Mahindra Financial Services, it might have just opened up new revenue streams. In the first half of 2019-20, the liquidity crisis hovering over the non-banking finance companies (NBFCs) in India reached the doorsteps of M&M Financial. The NBFC arm of automobile major M&M Group — which focuses on vehicles, equipment, and ... Read More »

Hero Corp could buy 10-15% stake in Max Financial Services Ltd

NEW DELHI: Sunil Kant Munjal’s Hero Corp is set to buy a significant minority stake from Analjit Singh in Max Financial Services LtdNSE -1.35 %, said two people familiar with the development. The listed Max Financial houses Max Life Insurance, the largest non-bank private life insurer in the country. Singh, who has pledged more than 90% of the promoter stake in Max Financial, ... Read More »

Share market update: Nifty Financial Services index up; Indiabulls Housing Finance rises 3%

NEW DELHI: The Nifty Financial Services index was up with its components trading higher in Monday’s afternoon session. The Nifty Financial Services index was trading 1.62 per cent up at 12,275.90 around 11:56 am. Shares of Mahindra & Mahindra Financial Services (up 5.05 per cent) , Indiabulls Housing Finance (up 3.61 per cent) , Edelweiss Financial ServicesNSE 6.25 % (up 3.56 per ... Read More »

How This Fake Financial Expert Tricked Outlets Into Publishing Her Advice

Patricia Russell seemed to appear out of nowhere. A certified financial planner and graduate of several prestigious colleges, Russell has recently been quoted in major publications such as Newsday, MarketWatch, Consumer Reports, Business Insider and U.S. News, as well as sites that recirculate content on MSN and other websites. She has also written columns for personal finance blogs, including Moolanomy and Think Save Retire. The only problem? She’s not a real person. ... Read More »

Finance Commission meets Bankers and Financial Institutions in Mumbai

New Delhi: The Chairman, Shri N.K. Singh, Members and Senior Officials of the 15th Finance Commission met a large group of Bankers and Heads of Financial Institutions in Mumbai today. Salient points raised by banks during their meeting with 15th Finance Commission on 9th May 2019. In the context of making the borrowing costs of State Governments aligned to their ... Read More »

Take care of your financial needs

We all are part of a society where very often, the women folk are expected to settle down at the earliest. And the basic understanding of “settling down” connotes finding a worthy life partner. In this age of uncertainty—whether it is your relationships, life span or net worth—financial matters will continue to remain constant in your life. A woman who knows ... 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 »