Financial Financial News

18.03 / 10:51

UPS country Interviews Financial Insurance sector attracted Rs 54,000 crore FDI in last 9 years: Financial Services Secretary Vivek Joshi

The insurance sector has received close to Rs 54,000 crore as foreign direct investment (FDI) in the last 9 years on the back of further liberalisation of overseas capital flow norms by the government, Financial Services Secretary Vivek Joshi has said. The government increased the permissible FDI limit from 26 per cent in 2014 to 49 per cent in 2015 and then to 74 per cent in 2021, he told PTI in an interview. However, he said, the permissible FDI limit for insurance intermediaries was increased to 100 per cent in 2019.

18.03 / 10:51

markets Provident security Yellow performer 2020 reports Financial The Power of Gold Loans: How gold loans can transform financial realities

If you are in need of money and want to borrow from others, everybody prefers to have gold as collateral. The reason is very simple. For the lender, gold is an appreciating asset. For the borrower, the yellow metal offers high liquidity and it provides an instant loan.

16.03 / 09:32

markets Dreams film Universities Videos jogging Financial Learn from Sidharth Malhotra: Become a financial Yodha with these 3 lessons

Also Read: Laapataa Ladies: 4 money lessons one can learn from this funny, heartwarming take on life The baddies from Pakistan have but one cliched mission: warmongering over Kashmir. Sidharth Malhotra’s one clear life goal is to clear his name as a Yodha. His team has been disbanded because he could not save the life of a nuclear scientist during a hijack.

15.03 / 20:15

COST Food students country information Colleges International Financial Financial stress taking a toll on international students, advocates say

When Gobindbir Singh describes the stress international students are under, he remembers a young man who called in tears.

15.03 / 16:49

markets Target ETF wellness Diversity performer track Financial 2 Financial Stocks to Rotate Into as Tech Rally Stalls

As the tech rally stalls after its monumental surge and investors reassess their portfolios in light of shifting market dynamics, financial stocks are emerging as attractive alternatives.

15.03 / 16:37

Blockchain Digital Gap Strategy Enterprise Research Broadridge Financial Digital maturity gap in financial services has grown wider

As the pressure for financial service companies to increase their digital capabilities continues to rise, leaders are pulling further ahead of the pack on multiple fronts, according to new research from Broadridge.

15.03 / 05:34

markets Citi Provident Target Election Trade Financial Petrol, diesel price cut to hurt marketing earnings of OMCs; JM Financial maintains ‘Sell’ on IOC, BPCL

₹2 each in petrol and diesel prices. This price cut comes after the City Gas Distribution (CGD) companies decreased CNG price by ₹2.5 per kg and the Union government cut LPG prices by ₹100 per cylinder.

14.03 / 20:55

COST Target security 2020 reports Investigations Broker Financial New Hampshire bars former Next Financial broker

Charles C. Kulch, who has been in the crosshairs of state regulators for pumping sales of pricey nontraded real estate investment trusts, last month was barred from selling securities in New Hampshire for allegedly overcharging clients, according to a settlement posted this week on the website of the state’s Bureau of Securities Regulation.

14.03 / 18:29

markets UPS Action Assurant wellness guidelines Financial From kid gloves to sucker punch: What recent RBI crackdowns on JM Financial, IIFL and Paytm Payments Bank show

Reserve Bank of India (RBI) that they lost hundreds of crores of rupees in currency derivatives manipulatively sold by banks, the central bank slapped the lenders with penalties in the range of Rs 5-15 lakh. That was 2011. Come 2024, when the regulator found IIFL Finance Ltd in violation of its guidelines on gold loans, it ordered the company to shutter the business, landing a debilitating blow. The shift in the magnitude of the penalty between then and now not only captures how RBI has moved from kid gloves to boxing gloves in treating regulatory breaches, but also what is in store for potential violators.

14.03 / 08:37

COST Provident students Universities country testing Financial Navigating Hidden Costs: A financial guide for students to study abroad

In recent years, there has been an increase in the total pool of study abroad aspirants in India. This is because young students are now willing to learn in foreign institutes more compared to that of India. With the increase in this number, there is an increase in the competition in all aspects that are needed to achieve this goal. Students need to pay for various needs during the process of studying abroad. Thus, it costs a lot more than the conveyed budget.

14.03 / 01:51

markets UPS Provident Platform President Relationships Financial Independent Financial Group deepens tech ties with Envestnet

In a continuing bid to provide superior resources and support to its advisors, Independent Financial Group, a San Diego-based independent broker-dealer, has announced an expansion of its partnership with Envestnet.

14.03 / 01:21

markets IPO Action security WhatsApp reports Financial regulatory Regulatory curbs to hit IIFL Finance, JM Financial Products, say rating companies

Crisil Ratings has said that the Reserve Bank of India's regulatory measures will directly impact JM Financial Products' business in IPO financing and lending against shares, while restrictions placed on IIFL Finance will reduce its overall assets under management. CareEdge, Crisil, and ICRA Ratings have placed IIFL Finance under rating watch following the RBI ban on giving new gold loans. Neither of the rating companies has revised the ratings of both finance companies.

14.03 / 00:49

Digital Action cover innovations guidelines Financial Indonesia’s Financial Regulator Issues New Crypto Regulations Ahead of January 2025 Transition

The Financial Services Authority (OJK), Indonesia’s financial services watchdog, released new rules on March 13 that will cover cryptocurrencies and will come into force in January 2025.

13.03 / 04:17

markets IPO stage track reports Financial HDB Financial IPO in the works as HDFC sets stage to list NBFC arm

HDFC Bank has initiated plans for the highly awaited initial public offering (IPO) of its subsidiary HDB Financial Services, as per an Economic Times report citing sources. A non-deposit-taking lender, HDB Financial could fetch a valuation in the range of $9 billion to $12 billion ( ₹75,000 crore to ₹1 lakh crore) during the IPO, contingent upon prevailing market conditions, an investment banker source told the paper. HDFC Bank holds 94.7 percent of its arm and is contemplating divesting a 10 percent stake in the IPO, potentially resulting in an issue size ranging from ₹7,500-10,000 crore, as per the report.

12.03 / 18:53

UPS Aviat Airlines Boeing Department Investigations Financial Southwest plans to reduce capacity, reevaluate 2024 financial outlook on delivery delays from Boeing

Shares of Southwest are plunging as the airline said that it plans to reduce capacity and reevaluate its full-year financial outlook because of fewer expected aircraft deliveries from its supplier, Boeing

12.03 / 18:53

show Inside reports Department guidelines Schools Courts Financial Former Jaguars financial manager who pled guilty to stealing $22M from team gets 78 months in prison

A former Jacksonville Jaguars financial manager who pled guilty to stealing more than $22 million from the NFL franchise through its virtual credit card program was sentenced to 78 months in prison

12.03 / 05:37

Progressive security Strategy economy Election trends reports Financial Financial insecurity among Americans hits new high

While optimism about the US economy’s direction has seen an uptick, an unprecedented number of Americans are reporting a heightened sense of financial insecurity, according to a new study from Northwestern Mutual.

11.03 / 15:47

markets UPS Provident FIVE Career Trade Financial Morning Coffee: Female banker of fearsome reputation makes surprise move in London. Prime brokers fomenting the next financial crisis

Debbie Crosbie isn't a 'banker' in the M&A sense, but she does run a bank, and she is doing the kind of deal that will make the actual Financial Institutions Group (FIG) bankers at UBS who are working with her feel vindicated in their career choices.

11.03 / 15:27

UPS Gap security Freedom Diversity innovations rights Financial How term insurance ownership lays the foundation of financial empowerment for women

It’s not uncommon to see female underrepresentation across sectors in India, including the already underpenetrated insurance sector. Right from nurturers to breadwinners, women not only play diverse roles with ease, but also constitute half of the country’s total population. Despite this, they tend to overlook their own needs and the importance of insuring themselves adequately. Recognising their invaluable contribution to the house – tangible or not – there’s a growing need for women to assume better control over their financial decisions. The stepping stone to achieving this financial freedom is to invest in a robust term insurance policy.

11.03 / 15:27

Provident Digital Career Platform security Healthcare Freedom Financial Happy Women’s Day 2024: How women can achieve financial independence

Financial independence is not just about earning money; it’s about having control over one’s finances and future. The significance of women’s financial independence cannot be overstated. It not only provides economic stability but also empowers women to make decisions that shape their lives on their terms. Achieving financial independence is crucial for women to lead successful lives.

11.03 / 15:25

Analysis information Department Profiles Financial CBDT starts sending emails, SMSs to assessees for mismatch in tax profile, financial transactions in FY24

The income tax department on Sunday said it has started sending emails and SMSs to assessees whose taxes paid during the current fiscal are not commensurate with financial transactions.The department is undertaking an e-campaign, which aims to inform such persons/entities of significant financial transactions, through email (marked as Advance Tax e-Campaign-Significant Transactions for AY 2024-25) and SMS, urging them to compute their advance tax liability correctly and deposit the due advance tax on or before March 15.

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