FINANCE PROFESSIONALS
Indiabulls Housing Finance rebrands itself, name changed to Sammaan Capital
Indiabulls Housing Finance has rebranded itself as Sammaan Capital after receiving the necessary approvals from regulatory authorities. This includes the Certificate of Incorporation from the Registrar of Companies and the Certificate of Registration as an NBFC-ICC (Investment and Credit Company) from the Reserve Bank of India.
Kapil Wadhawan moves NCLAT to challenge insolvency proceedings against him
Erstwhile Dewan Housing Finance promoter Kapil Wadhawan challenged NCLT order for personal insolvency proceedings, moved NCLAT. NCLT's Mumbai bench had directed the initiation of proceedings over Union Bank plea. NCLAT adjourned the hearing to July 18 and appointed Devendra Mehta as resolution professional. Wadhawan, guarantor of DHFL loans, faced insolvency proceedings in November 2019. DHFL acquired by Piramal Capital for Rs 34,250 crore, creditors recover Rs 38,000 crore.
Indian graduates positive about finance career but prefer AI certifications, too
Indian graduates show high interest in AI, with 85% open to technology changes in finance. The survey reveals a shift in career preferences towards AI and the importance of upskilling for career growth.
Finance Commission to address issues of freebies, compensation for green cover: Chairman Panagariya
The 16th Finance Commission will tackle issues related to the distribution of freebies and compensation for providing green cover, Chairman Arvind Panagariya announced on Monday. After discussions with the Himachal Pradesh government, Panagariya explained that the state's expectations and needs were addressed during a detailed presentation.
Short-term headwind, long-term opportunities for investors: 4 small finance banks with upside potential of up to 35%
The increase in credit costs has been an issue which has been bothering banks, some more, some less. Even the chairman of India’s largest bank had to come out and give a statement regarding it. However the question arises when these headwinds which are periodic in nature and part of the business cycle hits any sector what should be done. Should one move out of the sector? Should one continue to stay invested or should one buy more of the stock of that sector. The answer is dependent on one simple factor which is how large is the opportunity which that sector has. If the answer is that the opportunity is very large, then probably, it is the second and third option which one may look at. Probably in case of small finance banks, which are today reeling under the pressure due to guidance by one bank fit the bill. These banks are no stranger to dealing with challenges since the time they were born. Challenges thrown by regulatory tightening and economic cycles.
Silver's the new gold as startups rejig CXO portfolio
Many startups, particularly those gearing up for public listing, now consider youth and experience a winning combination. Having experienced leaders instills confidence in investors and markets, who view it as an indicator of stability and potential for success, said company founders and industry watchers.
- Go To Page 1
Time to revisit as regulatory tightening cleans up the sector: 5 housing finance stocks with upside potential of up to 25%
Housing finance as a sector, has been at the forefront of bearing the brunt of both regulatory changes and also different scams at different points of time. But then it has thrown winners like HDFC and losers like DHFL. So, this is a sector which is bound to grow given the fact that demand for housing is always going to rise. What matters is which stock one owns and also another factor is the time frame with which it has been bought. The reason for the time frame is that this sector has to deal with interest rate cycles and also regulatory changes which makes the stock prone to phases of under performance. In the last one year, since the time RBI has been overhauling the regulatory provision of every segment of financial services these stocks have underperformed , but now recently once again they are showing signs of life coming back.
RBI's special audit over, IIFL Finance appoints team to implement corrective actions
IIFL Finance, under scrutiny by the RBI for irregularities in its gold loan portfolio, has taken corrective actions to address concerns. RBI directed the company to halt new gold loans due to supervisory concerns and deviations in gold assessment. The company raised capital through rights issues and NCDs to mitigate risks and reported a net profit in Q4.
NBFC Arthan Finance raises Rs 50 crore in equity funding
Mumbai-based NBFC Arthan Finance, which focuses on lending to micro and small businesses, will use the new funds to grow its assets under management, expand to other geographies and add artificial intelligence (AI) and machine learning (ML) to its offerings. To date, the company has raised around Rs 83 crore.
Vipul Bansal's journey from humble beginnings to Wall Street success
Vipul Bansal, Director at Deutsche Bank, shares his inspiring journey to motivate aspiring finance professionals from a small city in India to global success.
How to build your career capital
Invest in yourself by developing skills, relationships and reputation to future-proof your income and ensure lifelong career growth.
Managing finances after 80: Answers to three major personal finance questions for super senior citizens
As one ages, it becomes clear that the couple won’t leave the world together. Typically, the husband worries about the wife’s ability to manage money, while the wife worries about the husband’s ability to manage food and health. However, neither cooking, nor investing is rocket science, and it is never too late to learn these crucial life skills.
We asked ChatGPT for legal advice - here are five reasons why you shouldn't
A survey by the Law Society, the Legal Services Board, and YouGov in 2023 revealed that two-thirds of respondents faced legal issues in the past four years, with common problems including employment, finance, welfare, and consumer issues.
Mind Over Money: Rock 'n' Roll to FinEdge – How Mayank Bhatnagar keeps himself mentally fit
Mayank Bhatnagar, Co-founder of FinEdge, exemplifies balance by merging finance with rock 'n' roll. He prioritizes mental and physical fitness and integrates music and travel into his life. With the band 'Frontrow Bandits,' he revives rock 'n' roll, showcasing the power of dedication and teamwork.
Meet India's Insolvency professionals: Male, chartered accountants and not so young
The typical Indian insolvency professional (IP) is a middle-aged male chartered accountant. Only 10% of the 4,352 registered IPs are women, and just 7% are under 40 years old, according to data from the Insolvency and Bankruptcy Board of India (IBBI). Most IPs are chartered accountants (55%), with the rest being company secretaries (17%), lawyers (6%), and cost accountants (5%). About 90% are aged between 40 and 70.
Technology-enabled professional services firm Sikich Secures $250 Million minority growth investment from Bain Capital
Sikich LLC received a $250 million investment from Bain Capital to accelerate growth and maintain professional services leadership under CEO Christopher Geier.
NFRA imposes Rs 2.5 crore fine on two auditors in Reliance Commercial Finance case
The National Financial Reporting Authority (NFRA) has penalized two auditors with fines totaling Rs 2.5 crore for professional misconduct and auditing lapses in the Reliance Commercial Finance case for FY2018-19. It imposed a Rs 2 crore fine on Shridhar & Associates and Rs 50 lakh on Ajay Vastani, along with a 5-year ban on Vastani from undertaking audits. The penalties were issued following a report of suspected fraud and inadequate audit procedures by the auditors.
Can a collaborative approach break the credit rating impasse?
The GSDR report sheds light on ongoing discussions with Credit Rating Agencies (CRAs) regarding their approach to various debt restructuring options. It underscores the need to find ways to better integrate CRAs into the debt relief process paving the way for sustainable solutions for LMICs.
Planning maternity breaks? How soon-to-be moms can make good financial plan
Mother's day 2024: This year Mother's day is on May 12, 2024. If you are soon to be a mom or planning to be one in next year or so, then it is important to have a good financial plan. This is to ensure that as a woman you have financial security. Read on to know how to make a good financial plan.
ICAI defends action against EY affiliates, says move in sync with its statutory power
ICAI defends action against EY affiliates, cites statutory power. Delhi HC stays order. ICAI directs firms to end tie-ups violating norms. Accusations of bias. Supreme Court involvement.
Regulatory tightening creates demand for senior roles in forensic functions
The article discusses the growing importance of forensic roles in corporate governance, spanning various domains such as finance, compliance, law, and technology. It highlights the diverse backgrounds of senior forensic professionals, including accounting, law enforcement, IT, and industry-specific experience. These professionals typically possess a blend of practical experience, analytical skills, and communication abilities to detect, investigate, and prevent financial crimes.
How IIT Kanpur’s e-Masters degree in Business Finance can be a game changer for finance professionals
IIT Kanpur's e-Masters in Business Finance equips professionals with insights into the global economy, agile decision-making, and risk management skills. The program offers networking opportunities, diverse curriculum modules, and esteemed faculty support.
IIT Kanpur’s e-Masters degree is providing finance professionals with a competitive edge to stay ahead of the curve
IIT Kanpur's e-Masters in finance explores interdisciplinary aspects, adapting to the evolving financial landscape. With high FinTech adoption in India, the program offers advanced knowledge for professionals. Alumni benefits and flexible learning enhance career opportunities.
RP sets date for second bidding for KSK Mahanadi resolution
Resolution professional sets new EoI date for KSK Mahanadi Power after failed takeover bids. Debts, creditor details, and twists in resolution process highlighted. Concerns over supporting companies' value addressed by NCLT.
Finance Commission invites applications for young professionals, consultants
Applicants desirous of being appointed as young professionals (YPs) and consultants on a contract basis in the commission may forward their application in the duly filled proforma to designated e-mail IDs, it said.
Cash-rich NBFCs lure banking professionals for CXO roles amid rapid growth
Leading NBFCs are attracting top CEO and CXO talent from major Indian banks like ICICI Bank and HDFC Bank. Recent moves include executives joining Poonawala Fincorp and L&T Finance, reflecting the sector's rapid growth.
Bankers in India to get higher salary increases than Singapore, Hong Kong
India's finance professionals are set for significant salary hikes in 2024, outstripping Hong Kong and Singapore. Major firms like HSBC Holdings Plc are expanding operations in India, reflecting the nation's economic growth and wealth management potential.
Select payments to units in IFSC exempted from TDS
The Centre on Friday notified 14 categories of payments made by any payer to IFSC units on which no TDS is required. This exemption was so far available only to payments associated with the leasing of ships, and aircraft among others. The exemption will be applicable for 10 years effective April 1, 2024.
Most Indian accountants overwhelmed by tech change pace, finds ACCA survey
The Global Talent Trends Survey 2024 by the Association of Chartered Certified Accountants (ACCA) reveals that 60% of Indian finance professionals feel overwhelmed by the pace of technological change. The survey gathered responses from 10,000 professional accountants in 157 countries, exploring concerns and aspirations regarding work. The talent crunch continues, with over half of Indian respondents expecting their next career move to be external. Key workplace issues such as the cost-of-living crisis, hybrid working, mental health, and diversity were also addressed.
Load More
