Fri, November 29, 2024

[ Fri, Nov 29th 2024 ]: Bill Williamson

CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG and Citi

Euro 25 million (around Rs 223 crore) was raised from the German Investment Corporation DEG and Rs 170 crore from Citi in a co-financing arrangement.

[ Fri, Nov 29th 2024 ]: Bill Williamson

EPFO's Central Board of Trustees to meet on November 30, several investment related decisions to be taken up

The Central Board of Trustees of the Employees' Provident Fund Organisation is set to meet for the first time this fiscal year on November 30 and will take up several important proposals around investments including the redemption policy for investments into equity traded funds.

[ Fri, Nov 29th 2024 ]: Bill Williamson

ERP vs CRM: Understanding the Key Differences

Confused about the difference between CRM and ERP? Discover how each system can enhance your business operations in our comprehensive guide.

[ Fri, Nov 29th 2024 ]: Bill Williamson

I put my dreams on hold for a stable career in finance. 6 years in, I gave up my 6-figure salary to move to Hawaii and start over.

Adam Knorr started working in finance after college but always knew it wasn't for him. After quitting right before a promotion, he moved to Hawaii.

[ Fri, Nov 29th 2024 ]: Bill Williamson

Zenith Bank Expands Global Footprints With Paris Branch Launch

Zenith Bank Plc has expanded its global footprint with the opening of Zenith Bank (UK), Paris Branch. The official commissioning, which took place on

[ Fri, Nov 29th 2024 ]: Bill Williamson

CreditAccess Grameen enters into co-financing arrangement with DEG and Citi

[ Fri, Nov 29th 2024 ]: Bill Williamson

ESAF Small Finance Bank facing significant asset quality stress, mainly in Tamil Nadu and Kerala

ESAF Small Finance Bank has reduced its microfinance exposure from 72% to 62% and plans to further decrease it to 40% by the financial year 2026.

[ Fri, Nov 29th 2024 ]: Bill Williamson

Lombard Odier indicted in Switzerland over money laundering

The Swiss Attorney General's Office (OAG) said on Friday it had indicted private bank Lombard Odier and one of its former employees over aggravated money laundering.

[ Fri, Nov 29th 2024 ]: Bill Williamson

Dos and don'ts of borrowing from lending apps: Tips for safe and smart borrowing

Lending apps have revolutionized the way people access loans by making the process quick and convenient. However, borrowing money through these apps comes with its own set of risks. If not handled wisely, it can lead to financial strain or scams. Here's ...

[ Fri, Nov 29th 2024 ]: Bill Williamson

Finance adviser calls for inclusive public financial management reform

[ Fri, Nov 29th 2024 ]: Bill Williamson

Traffic management firm secures asset finance backing to fuel growth

City Traffic Management Services is targeting growth after securing a significant six-figure asset finance package.

[ Fri, Nov 29th 2024 ]: Bill Williamson

Nisus Finance Services SME IPO: Issue opens on December 4; check key details

The IPO of Nisus Finance Services includes a fresh share sale of 56,45,600 equity shares amounting to Rs 101.62 crore and an offer-for-sale (OFS) up to 7,00,800 equity shares.

[ Fri, Nov 29th 2024 ]: Bill Williamson

BoE finds potential vulnerabilities in financial market plumbing

The Bank of England said on Friday that a stress test of central counterparties (CCPs)- businesses that form a key part of the plumbing of financial markets - did find some vulnerabilities but overall showed resilience.

[ Fri, Nov 29th 2024 ]: Bill Williamson

Why Trump could be good for South Africa

South Africa has long struggled with its reputation as a volatile and risky emerging market, but it is now becoming a favorite among investors seeking to navigate a world with Donald Trump as the US president.

[ Fri, Nov 29th 2024 ]: Bill Williamson

Bank of England finds some vulnerabilities in probe of central counterparties

The Bank of England said on Friday that a stress test of central counterparties (CCPs)- businesses that form a key part of the plumbing of financial markets - did find some vulnerabilities but overall showed resilience.

[ Fri, Nov 29th 2024 ]: Bill Williamson

RIL gains 2% as US based arm picks 21% stake in Wavetech Helium

As per the agreement, Reliance Finance and Investments will buy a 21 per cent stake for an aggregate consideration of $12 million

[ Fri, Nov 29th 2024 ]: Bill Williamson

UBA to begin full banking operations in France

During the visit, the Chairman of UBA Group, Tony Elumelu, in the presence of Tinubu and the President of France, Emmanuel Macron, signed the agreement indicative of support by the French Government for the development of UBA's full banking operations in France.

[ Fri, Nov 29th 2024 ]: Bill Williamson

The films, shows, and books Wall Streeters think best illustrate their work lives

What 2024's rising stars of Wall Street say about the TV shows, movies, or books that best represent their daily lives at work.

[ Fri, Nov 29th 2024 ]: Bill Williamson

IIFL Finance to raise upto Rs 500 cr via NCDs

[ Fri, Nov 29th 2024 ]: Bill Williamson

Istanbul Metropolitan Municipality to hold investor meets in UAE and Doha

[ Fri, Nov 29th 2024 ]: Bill Williamson

Players and powerhouses shaping Africa's VC landscape

Despite 2023 marking the first decline in the volume and value of venture capital investment in Africa after a decade of growth, a

[ Fri, Nov 29th 2024 ]: Bill Williamson

Otley Girlguiding unit receives grant from Skipton firm

[ Fri, Nov 29th 2024 ]: Bill Williamson

Exclusive: HSBC pulling back from China credit card business after struggling to expand, sources say

HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said.

[ Fri, Nov 29th 2024 ]: Bill Williamson

Reliance subsidiary acquires 21% stake in US helium gas exploration, production company

Indian conglomerate Reliance Group signalled its intention to expand into the helium gas sector, with its US-based step-down subsidiary Reliance Finance and Investments ... expand its exploration and production business in low-carbon solutions.
Thu, November 28, 2024

[ Thu, Nov 28th 2024 ]: Bill Williamson

AU Small Finance Bank enters into bancassurance partnership with Bharti AXA Life Insurance

[ Thu, Nov 28th 2024 ]: Bill Williamson

1,500 Kerala govt staff found drawing pensions meant for the poor and old

[ Thu, Nov 28th 2024 ]: Bill Williamson

Finance App Benchmarks (2024)

[ Thu, Nov 28th 2024 ]: Bill Williamson

UK budget shows government doesn't understand business, says retail veteran

[ Thu, Nov 28th 2024 ]: Bill Williamson

AU Small Finance Bank join hands with Bharti AXA Life Insurance

[ Thu, Nov 28th 2024 ]: Bill Williamson

True cost of Rachel Reeves' farmer tax laid bare - and exact number of businesses impacted

[ Thu, Nov 28th 2024 ]: Bill Williamson

The travel bug is mutating: Event-driven gig journeys are the new thing

[ Thu, Nov 28th 2024 ]: Bill Williamson

Best Day Trading Courses of 2024: Guide for Active Traders

[ Thu, Nov 28th 2024 ]: Bill Williamson

Single table to know home loan rates and terms of various companies

[ Thu, Nov 28th 2024 ]: Bill Williamson

GST, 45-day payment, credit, EoDB, more: Assocham-EGROW study suggests changes to overhaul MSME sector

[ Thu, Nov 28th 2024 ]: Bill Williamson

Magnati partners with Aafaq Islamic Finance to support SMEs with embedded financial solutions

[ Thu, Nov 28th 2024 ]: Bill Williamson

Best Investing Books of 2024: Guide to Trading

[ Thu, Nov 28th 2024 ]: Bill Williamson

Mexico warns Trump tariffs would kill 400,000 US jobs, threatens retaliation

[ Thu, Nov 28th 2024 ]: Bill Williamson

COP29: Why Leaders of Poor Countries Walked Out of Climate Change Conference

[ Thu, Nov 28th 2024 ]: Bill Williamson

Insurance regulator concerned on business concentration from banks; may ask insurers to reduce banks' share

[ Thu, Nov 28th 2024 ]: Bill Williamson

Ujjivan Small Fin up 9% on selling stressed loan portfolio worth Rs 270 cr

[ Thu, Nov 28th 2024 ]: Bill Williamson

Standard Chartered CEO: US tariffs will be disruptive, but 'markets will equilibrate'

[ Thu, Nov 28th 2024 ]: Bill Williamson

Has China Become the New Japan and Japan the New China?

[ Thu, Nov 28th 2024 ]: Bill Williamson

HC notice to Delhi Govt on PIL seeking to implement Ayushman Bharat plan

[ Thu, Nov 28th 2024 ]: Bill Williamson

Finance ministry weighs removing windfall tax amid falling crude prices

[ Thu, Nov 28th 2024 ]: Bill Williamson

Major marketers halt petrol import, lift 148 million litres from Dangote Refinery

[ Thu, Nov 28th 2024 ]: Bill Williamson

UM Health to shut down insurance plan that came with Sparrow acquisition

[ Thu, Nov 28th 2024 ]: Bill Williamson

New Orleans business owners bond out several low-level offenders before Thanksgiving

[ Thu, Nov 28th 2024 ]: Bill Williamson

Blackstone: Extreme Bubble Valuation

Brazil's Haddad seeks to soothe market concerns over income tax reform

Brazil's Finance Minister Fernando Haddad on Thursday sought to calm the market following a meltdown over the announcement of a reform that would increase income tax exemptions, emphasizing that the measures would be fiscally neutral and take effect only in 2026 after Congress approval.

Brazilian Finance Minister Fernando Haddad announced on November 28, 2024, that the proposed income tax reform, which aims to tax the wealthiest individuals, will be revenue-neutral and is expected to take effect in 2026. The reform includes a new taxation model for high-income earners, with rates starting at 22.5% for those earning over 4,000 reais monthly, escalating to 35% for incomes above 10,000 reais. Haddad emphasized that the reform would not increase the overall tax burden but would redistribute the tax load more equitably. He also mentioned that the government plans to compensate for any potential revenue shortfalls by adjusting other tax policies, ensuring the reform's neutrality. Additionally, the minister highlighted the importance of this reform in addressing social inequalities and improving the efficiency of Brazil's tax system.

Read the Full Reuters Article at https://www.reuters.com/world/americas/brazils-haddad-says-income-tax-reform-be-neutral-take-effect-2026-2024-11-28/