Home » Archive by categoryFinance

Turkish lira recovers as finance chief bids to calm investors

Turkey’s lira continued its recovery on Thursday, ahead of a crucial conference call between the country’s finance minister and international investors. It rose 2.5% in early trading, with one dollar buying 5.8 lira. A diplomatic spat with the US helped send the lira into a tailspin last week and it hit...
Continue reading

Sundaram BNP Paribas Housing Finance to raise Rs 3,500 crore

City based Sundaram BNP Paribas Home Finance Ltd is planning to raise Rs 3,500 crore during this financial year to fund its expansion plans, managing director of the company Srinivas Acharya said. The company is a joint venture between non-banking finance firm Sundaram Finance Ltd and BNP Paribas Personal Finance....
Continue reading

67% of finance jobseekers no longer wait on job offers

An overwhelming 88% will quit if the role doesn’t meet their expectations. Singapore’s financial sector is battling skills shortage as 67% of 150 CFOs said candidates have become more unwilling to wait to find out if they got the job compared to 12 months ago, specialised recruitment firm...
Continue reading

Opinion | Building a green finance market for India

Record-setting heat is creating problems all over Europe. Deadly forest fires have swept across Greece, Germany, Holland, Latvia, Norway, Poland and Sweden. Many countries are still on heat alerts. Outdoor barbecues have been banned. In Finland, fields that had been lush green this time of year for the...
Continue reading

Chicago May Finance Pensions

The pension situation has gotten so dire in Chicago that the city is considering stabilizing its retirement systems by financing bonds. Chicago has – tell us if you’ve heard this one before – taken hits to its credit rating, resulting in higher borrowing costs, because of its unfunded pension...
Continue reading

IFC invests $25 million in Mahindra Rural Housing Finance

Mumbai: International Finance Corp. (IFC), a member of the World Bank Group, on Monday announced that it will be investing $25 million in Mahindra Rural Housing Finance Ltd (MRHFL). The Mahindra and Mahindra Financial Services Ltd subsidiary plans to utilise the funds to offer small-ticket housing loans in rural...
Continue reading