Financial Financial News

Infosys on Monday announced that its Board of Directors has appointed Jayesh Sanghrajka as the Chief Financial Officer (“CFO") and Key Managerial Personnel of the Company with effect from April 1, 2024. Jayesh will be taking over from Nilanjan Roy, who after serving in this role since 2018, has decided to step down to pursue his personal aspirations outside of Infosys. Nilanjan will continue to be with Infosys till March 31, 2024 as CFO.

Summit Financial affiliate Summit Growth Partners hasmade a strategic investment in Prostatis Financial Advisors, a $310 million RIA firm with offices in Florida and Maryland.

High-net-worth individuals and families across North America are leaving themselves at risk by not taking some simple steps to protect their possessions, personal information, and reputation, according to a new report from Hub International.

Apart from Jio Financial, Power Finance Corporation, Indian Railway Finance Corporation, Macrotech Developers, Polycab India, REC, Shriram Finance, Union Bank of India, and Indian Overseas Bank are the others that may enter into the largecap category, according to Nuvama. The official changes will be announced by AMFI in the first week of January 2024, and they will be applicable for the February-to-July period. The AMFI stock categorization list is mainly referred to by active equity fund managers. As of July, the large-cap market cap cutoff stood at Rs 497 billion, and the mid-cap cutoff was Rs 174 billion. However, Nuvama’s latest calculations indicate that the largecap market-cap cutoff has increased to Rs 667 billion, and the midcap cutoff has gone up to Rs 219 billion. Potential Midcap Candidates Nuvama sees potential for 14 stocks to enter into the midcap category of AMFI in February, and this includes Dalal Street’s newest hero Tata Technologies.

Here are a few financial tips on how NRIs can make informed decisions and seamlessly integrate into the Indian financial system. What to consider upon returning to India as an NRI? When you journey back to India, a few important financial steps await your attention -

The Nigeria Police Force (NPF) has announced a significant breakthrough in a complex financial fraud investigation involving Patricia Technologies Limited. On November 23, 2023, the Force Public Relations Officer, ACP Olumuyiwa Adejobi, detailed the arrest of politician Wilfred Bonse in connection with a security breach and financial fraud at Patricia Technologies.

financial goals into exciting and regular ones? This fresh perspective could motivate us to continue our long-term goals and help us avoid redeeming our investments due to market volatility. Let us see how you can invest for your different financial goals. First, list your financial goals into short-term, medium-term, and long-term goals.

The Office of the Superintendent of Financial Institutions has maintained the additional capital bufferthe country’s biggest banks must hold at 3.5 per cent, a decision that some analysts say will cheer bank investors as an increase was expected. 

At a time when so many families are struggling to get by, compassion and empathy can go a long way.

Canada's move to more than double the cost-of-living requirement for incoming international students will put an additional financial burden on people sending their children to study in that country, several aspirants' parents in Punjab said. They added that the decision has come as a big blow as they will now need to borrow more from banks or informal sources to arrange the funds to send their children to study in Canada.

In recent years, there has been a significant rise in the demand for pre-owned cars. Considering the changing consumer behavior coupled with wise purchasing practices, the trend is very unlikely to abate any time soon. Additionally, with car purchasing witnessing a paradigm shift from mere functionality to aspiration, pre-owned luxury cars are invariably becoming popular in the space.

Captrust made its eighth acquisition of 2023 this week, adding Bellevue, Washington-based Trutina Financial, the company announced Friday.

The Financial Monitoring Agency (FMA) blocked 980 digital asset exchanges for offering trading services to users in Kazakhstan without the required regulatory nod.

The Office of the Superintendent of Financial Institutions has maintained the additional capital bufferthe country’s biggest banks must hold at 3.5 per cent, a decision that some analysts say will cheer bank investors as an increase was expected. 

C3 AI CEO Tom Siebel provides insight on the unimaginably powerful technology on The Claman Countdown.

Sharе India Fincap, a lеading financial institution, has announced thе еxtеnsion of its crеdit facilitiеs by thе Statе Bank of India (SBI). SBI has grantеd Sharе India Fincap crеdit facilitiеs amounting to Rs 200 million, еnhancing thе company’s lеnding capacity and bolstеring its position in thе financial markеt.

The Financial Planning Standards Board India (FPSB India) has signed a Memorandum of Understanding (MoU) with the Association of Registered Investment Advisors (ARIA) to advance the practice of financial planning in India and foster a culture of financial well-being in the country, as per the press release. 

First the good news, almost nine out of ten Americans (88%) say that working with a financial advisor would help them reach their financial goals including planning for a comfortable retirement.

As part of the Statement on Developmental and Regulatory Policies. RBI said on December 8, 2023, «Banks and financial entities are maintaining an ever-increasing volume of data.

Canada's Immigration Minister, Marc Miller, announced a substantial increase in the financial criteria for international students applying for study permits, emphasising the government's commitment to safeguarding the integrity of the education system, CBC reported. Miller also issued a stern warning, threatening to «significantly limit visas» if provinces and educational institutions fail to take appropriate actions before the upcoming fall term. Do you meet the immigration criteria? Check here The decision also extends the temporary lift on the 20-hour work limit for international students, now extended until April 30, 2024. Miller outlined the government's concerns about potential abuse in the system, targeting both questionable employers and institutions that may not be providing a genuine educational experience, according to Canadian public broadcaster CBC. During a news conference, Miller expressed concerns about certain educational institutions operating as «puppy mills» and emphasised the need to address fraud and abuse within the system. He said, «There are, in provinces, the diploma equivalent of puppy mills that are just churning out diplomas, and this is not a legitimate student experience.» The increased financial requirement for prospective students will be raised to USD 20,635, doubling the longstanding USD 10,000 threshold.

The Reserve Bank of India (RBI) commenced its three-day Monetary Policy Committee (MPC) meeting on December 6, 2023. The committee’s verdict on the crucial policy rates is eagerly awaited and is scheduled to be disclosed on December 8, 2023.