Business Finance

Investment of INR 45 crore by Incofin India Progress Fund in Mufin Green Finance Limited

From Incofin India Progress Fund, Mufin Green Finance has received INR 45 crore in a Series A funding round. The money raised will go toward tackling climate change and financial inclusion. Mufin Green Finance was established in 2016 with the goal of fostering the Indian EV ecosystem. It is the first pure, play-listed (BSE) NBFC …

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Business, Finance, Commerce Graduates Vacancy at Danfoss

Job Update: Business, Finance, Commerce Graduates Vacancy at Danfoss Overview: Danfoss is hiring an experienced Deduction Analyst at their Pune location. You will identify reason customers deduct and resolve deductions/dispute in tandem with various Eaton Departments, communicate credit department and company payment policy, participate in process improvement projects, and support other management directives as prescribed. …

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Finance Minister Nirmala Sitharaman Says Inflation At Manageable Level

Nirmala Sitharaman said we are in an era of robust economic activities. New Delhi: Finance minister Nirmala Sitharaman on Saturday said inflation is at a manageable level. Her comments came a day after RBI hiked interest rate by 50 basis points to tame inflation. “Inflation is at a manageable level,” she said here. On Friday, …

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Harris, Yellen focus on community finance at Freedman Forum

Vice President Kamala Harris and Treasury Secretary Janet Yellen plan to use this year’s Freedman’s Bank Forum to highlight how federal coronavirus pandemic relief program funds have helped support Black- and minority-owned businesses. WASHINGTON (AP) — Vice President Kamala Harris and Treasury Secretary Janet Yellen plan to use this year’s Freedman’s Bank Forum to highlight …

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Death Won’t Trigger Automatic Closure of Senior Citizen Savings Scheme Account: Finance Ministry

The Finance Ministry has clarified that the passing away of a Senior Citizen Savings Scheme (SCSS) account holder does not automatically trigger an account closure. A premature closure should be considered only when the account holder personally requests closure before the maturity period. In a press release on September 29, 2022, the ministry noted that …

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Four Principles for an Open Finance Framework are Recommended by AFME

A new paper titled “Open Finance and Data Sharing – Building Blocks for a Competitive, Innovative and Secure Framework” has been released by the Association for Financial Markets in Europe (AFME). According to Mairead McGuinness, the EU’s head of financial policy, this report comes before the publication of the European Commission’s framework for data access …

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Cracker Barrel comes to terms with activist investor | Finance

Courtesy of Cracker Barrel After years of pushing for changes at Cracker Barrel Old Country Store, activist investor Sardar Biglari on Wednesday was granted a board seat at the company. According to regulatory filings, Biglari Capital Corp. nominee Jody Bilney will be added to the Cracker Barrel board. As part of the agreement, Biglari has …

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Today’s Latest Business News, Finance and Share Market News at 9:30 am on 27th September 2022

Today’s Latest Business News at 9:30 am on 27th September 2022“You are listening to the Expresso Business Update. Here is the latest news from the world of Indian and International business brought to you by The Indian Express and The Financial Express.“The Securities and Exchange Board of India has initiated inspections of top investment banks …

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Qatar will soon host the first trade finance centre in the NEBI area

The Near East Beltway Initiative (NEBI) region, which consists of 20 countries and has a combined $8 trillion economy, 2.5 billion people, and 30 million small and medium-sized businesses (SMEs) that transact more than $2 trillion in trade finance transactions annually, will soon have its first trade finance centre established in Qatar. By providing creative …

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The stock of TPG RE Finance Trust (NYSE:TRTX) dropped 8.9% last week as the decline in three-year earnings and shareholder returns continued

The primary goal of stock selection for many investors is to produce larger returns than the broader market. However, the risk of stock selecting is that you can end yourself purchasing underperforming businesses. We regret to inform you that long-term investors in TPG RE Finance Trust, Inc. (NYSE:TRTX) have experienced that, with the share price …

The stock of TPG RE Finance Trust (NYSE:TRTX) dropped 8.9% last week as the decline in three-year earnings and shareholder returns continued Read More »

The European ECM and Leveraged Finance teams at Goldman Sachs have been severely hit by layoffs

The majority of the most recent layoffs at Goldman Sachs’ European investment bank affected its teams in the equities capital markets and leveraged finance. These cuts, which represented about 10% of the two units in the region, were the most drastic of any team within its European investment banking unit. After a two-year break during …

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Sun Finance intends to issue €50 million worth of bonds

Sun Financial, a fintech company with a headquarters in Latvia that offers online consumer finance services, has issued its largest bond offering to date, totaling €50 million. The money raised will be used to refinance the second bond offering and invest it in the company’s future growth. More than 9 million clients have enrolled with …

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Today’s Latest Business News, Finance and Share Market News at 5:30 pm on 23rd September 2022

Today’s Latest Business News at 5:30 pm on 23rd September 2022 “You are listening to the Expresso Business Update. Here is the latest news from the world of Indian and International business brought to you by The Indian Express and The Financial Express.“Let’s begin. Reliance Industries Ltd this week announced that it acquired a 20 …

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Tandem Bank joins the Coalition for Energy Efficient Buildings of the Green Finance Institute

Today, leading UK digital challenger bank Tandem Bank announced that it had joined the Coalition for the Energy Efficiency of Buildings of the Green Finance Institute (CEEB). The Green Finance Institute was established with the purpose of “making finance possible for a greener future,” which is consistent with Tandem’s mission to provide banking for a …

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Finance chief says “Very high chance” that Hong Kong will experience a recession this year

The city’s finance chief warned on Thursday that Hong Kong is likely to conclude the year in the throes of a severe recession as spiralling interest rates and stringent Covid-19 regulations continue to hurt the economy. Because the Chinese city’s currency is tied to the US dollar and serves as one of the pillars of …

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Open Finance Economy Will Be Driven by New Product Innovation, MX Proclaims 

MX, a pioneer in open finance, today announced new product innovations, new implementation partners, and record-breaking improvements in financial data connectivity that support the MX platform. MX enables the best fintechs and financial institutions in the world to access financial data and take appropriate action in order to provide tailored money experiences for their users, …

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Patricia Callan appointed chair of Ireland Women in Finance Charter

Financial Services Ireland (FSI) director Patricia Callan has been appointed as chair of the steering group for Ireland’s Women in Finance Charter. Ms Callan, a University of Limerick Masters graduate, will lead the group which was created to encourage the inclusion of more women in Ireland’s financial services industry. She said:  I firmly believe greater …

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Middle Eastern automotive use blockchain for trade finance for the first time

HSBC has successfully completed a blockchain-enabled trade finance transaction between Chinese automaker SAIC Motor and Taajer Group, Saudi Arabia’s sole distributor of MG automobiles. It is the first of its kind in the region and the first of its kind in the automotive sector, and it is being conducted on the Contour platform. “Bringing these …

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Finance Minister Nirmala Sitharaman To Meet CEOs Of PSBs To Review Progress Of Schemes For SCs: Report

New Delhi: Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks and financial institutions later this month to review progress of various government schemes aimed at welfare and upliftment of scheduled castes. Schemes like Stand-Up India, Pradhan Mantri Mudra Yojana (PMMY), and Credit Enhancement Guarantee Scheme for Scheduled Castes (SCs) and …

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Ex-Finance Minister and U of T Chancellor Michael Wilson’s Legacy is Praised By Brian Mulroney

Former Prime Minister Brian Mulroney claims that history would remember the late Michael Wilson as a moral individual, a patriotic Canadian, and the country’s most influential finance minister. In a conversation with Sen. Pamela Wallin, Mulroney said, “The big-ticket items for which Michael was responsible are the things that dwell on in historical past because …

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How New Build Development Finance Works

Most property developers and construction companies fund their projects externally.  It is comparatively rare for a developer to invest significant sums of their capital in current and planned future projects. It is only by seeking external funding that developers are able to conduct multiple projects simultaneously, in the pursuit of the best possible returns.  Development …

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the government’s clarification of consumer finance laws and credit agreements

The government is clarifying the Consumer Credit and Financial Agreements Regulations (CCCFA), to ensure that Kiwi’s willing to borrow are not unjustly penalized when applying for a loan, the Minister of Trade and Finance announced today. Now, David Clark. “Earlier this year, we heard stories about bank loans being turned down because people were spending …

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According to CTO Mohit Kapoor, finance will complete the digital journey for Mahindra clients

According to a top company executive, Mahindra Group is not preparing a great app to digitise customer experience; rather, it intends to synergize the comprehensive backend picture of customers’ profiles across all of its businesses by using financial services as the connecting mechanism. Instead, he said, the organisation views finance as a binding agent to …

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Finance ministry sets up committee to address issues faced by venture capital, private equity

ANI | Updated: Sep 14, 2022 09:14 IST New Delhi [India], September 14 (ANI): The Union finance ministry has set up a high-level committee to address regulatory and other issues to enable scaling up investments by venture capital and private equity investments in the country.Union Finance Minister Nirmala Sitharaman in her Budget 2022-23 speech had …

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Finance chief urges franchisers to digitalize, climate-proof ops

FRANCHISERS are urged to lead the charge in greening and transforming the country’s business sector by mainstreaming digitalization in their operations and embracing sustainable business practices. Finance Secretary Benjamin Diokno made this call to the members of the Philippine Franchise Association (PFA). “I call on you, as industry leaders and business operators, to transform the …

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Scripbox appoints Mallika Krishnan and Rohan Sandeep as Finance Head and Chief Design Officer

Scripbox has announced the appointment of Mallika Krishnan as the company’s Head of Finance and Rohan Sandeep as the Chief Design Officer.  Mallika will be instrumental in implementing the firm’s strategy to achieve business expansion and profitable growth while Rohan will contribute to strengthening the user experience and product design efforts at Scripbox. The new …

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German finance minister damps speculation of sale of Commerzbank stake

A Commerzbank logo is pictured before the bank’s annual news conference in Frankfurt, Germany, February 9, 2017. REUTERS/Ralph Orlowski/File Photo Register now for FREE unlimited access to Reuters.com Register FRANKFURT, Sept 8 (Reuters) – German finance minister Christian Lindner on Thursday sought to damp speculation about the government’s stake in Commerzbank (CBKG.DE)that it acquired during …

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Attorneys ‘On the Move’: Blank Rome Expands its National Finance Team; DLA Piper Adds to its Private Equity Practice

Mirlande Telfort has joined Blank Rome as a partner in its finance, restructuring & bankruptcy group. She represents private equity funds, banks, and other investors in complex debt financing transactions across a wide range of industries. She joins from McGuire Woods, where she was a partner in that firm’s banking & finance practice. Harris Beach has added Glenn Jones as a …

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More than a third of companies plan to take on sustainable finance: Westpac

More than one third of companies say they will be issuing or utilising sustainable financing for the first time over the next year to achieve their decarbonisation targets, according to new research. Recent changes will soon provide sustainable finance players players with greater clarity on definitions and data to track and measure organisations’ progress towards …

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New requirement would make students learn finance

Should high schoolers have to take a personal finance class to graduate in South Carolina? It could soon become a requirement. COLUMBIA, S.C. — After a unanimous vote in favor of regulation 43-234, a required personal finance course for high schoolers moved one step closer to reality.  The proposal, which came before the State Board …

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Barclays poaches StanChart’s global head of sustainable finance

The Barclays logo is seen in front of displayed stock graph in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 7 (Reuters) – British lender Barclays (BARC.L) on Wednesday appointed Standard Chartered’s (STAN.L) Daniel Hanna as its global head of sustainable finance for the …

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Azerbaijan’s Finance Ministry auctions public bonds

BAKU, Azerbaijan, September 6. The Baku Stock Exchange (BSE) held an auction on the placement of public bonds of Azerbaijan’s Finance Ministry with a circulation period of 1,820 days on September 6, 2022, Trend reports citing the BSE. According to the exchange, 10 investors submitted 19 bids in the price range from 86.3213 manat or …

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UT Arlington Names VP of Business, Finance and Chief Financial Officer » Dallas Innovates

John R. Davidson has been named vice president for business and finance and chief financial officer at The University of Texas at Arlington. UTA President Jennifer Cowley “As vice president for business and finance and CFO, John will serve as a key leader in helping UTA be one of the nation’s most inclusive and impactful …

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