Sat, November 30, 2024

by: Bill Williamson

Investing With Friends and Family: 4 Dos and 3 Don'ts

If you're like most people, you have a few regrets when it comes to money. 80% of Americans say they have financial regrets in some form or another, according to a survey conducted by Quicken.

by: Bill Williamson

CBDT extends income tax return filing deadline for FY24 to Dec 15

Tax authorities have extended the income tax return filing deadline by another 15 days to December 15 for the financial year 2023-24.

by: Bill Williamson

A boomer moved to Panama so her retirement would be more affordable. Now she's struggling to find a job and her dream is slipping away.

A boomer moved to Panama from California to save money. She said she's struggling to find work and relying on side hustles to pay the bills.

by: Bill Williamson

December horoscope 2024: Know about career, health & relationship for your zodiac sign

December Horoscope 2024: December is a special month overall. It is a month of festivities - Christmas, New Year's Eve, and Winter Solstice makes it meaningful, joyful, and reflective. It is a good month for meditation and manifestation as well. Let's dive deep and see the December 2024 horoscope for all the zodiac signs.

by: Bill Williamson

Universal healthcare - lessons from the past

My husband and I have begun to do our research to determine where we would like to retire. Bermuda is definitely high on the list, but there are several factors that are not ideal for retirees, one

by: Bill Williamson

'Not exactly a political powerhouse': Conservatives left scratching their heads at Trump's labor pick

by: Bill Williamson

Tax Software vs a Tax Professional: Which Should You Choose?

How complex are your taxes? Here's how you can decide whether you can go the easy route or need the help of a pro.

by: Bill Williamson

Vietnam approves $67 billion high-speed railway project between Hanoi and Ho Chi Minh city

by: Bill Williamson

India Inc thrilled over FinMin's proposal to hike FDI limit in insurance sector to 100%

by: Bill Williamson

French finance minister says budget can still be improved

French Finance Minister Antoine Armand said on Saturday that the 2025 budget could still be improved, but stopped short of giving ground in a standoff with the far right over new concessions.

by: Bill Williamson

Unlocking Africa's Economic Potential: Sean Michael Brehm On The Role Of Decentralized Edge And Quantum Computing

Africa, rich in natural resources yet hindered by infrastructure challenges, is poised for a technological revolution that could transform its role in the global economy. With the global commodities market set to grow significantly in the coming years,

by: Bill Williamson

TVS Holdings receives RBI approval for acquisition and change in management of Home Credit India Finance

by: Bill Williamson

FM Sitharaman urges regional rural banks to onboard customers to digital services like mobile banking by Dec 2024

by: Bill Williamson

JSW MG surges in sales: Is this the disruption electric car market needs?

In September, JSW MG Motor India, the newly minted joint venture between SAIC Motor, which is present in 100 countries, and Indian conglomerate JSW Group, launched the Windsor, an electric car that introduced battery as a service (BaaS).

by: Bill Williamson

Real estate query: Leasehold vs Freehold Property - What's the difference and which is more beneficial?

A leasehold property is essentially a property that a lessee or tenant agrees to rent from a lessor for a predetermined period, while in freehold property, the owner has absolute and permanent ownership of both the land and the building.

by: Bill Williamson

Ripple poised for New York approval of stablecoin, set to enter regulated US crypto market

The approval by the New York Department of Financial Services means that Ripple will be allowed to legally offer its stablecoin through a so-called limited purpose trust charter.

by: Bill Williamson

Cyprus Business Now: tourism performance, government surplus, SME funding

Tourism revenue in Cyprus reached €454.1 million in September 2024, according to the statistical service's passenger survey. This marks a 6 per cent increase compared to September 2023, when tourism revenue stood at €428.

by: Bill Williamson

Tax Query: Long and short of residential capital gains tax

by: Bill Williamson

Meet 9 influential Africans - Report

Africa is home to some of the brightest minds who have not only excelled in their respective fields but have also made

by: Bill Williamson

Lombard Odier indicted in Switzerland for money laundering

Swiss prosecutors on Friday indicted private bank Lombard Odier and one of the firm's former employees for "aggravated money laundering", in a rare charge of such magnitude against one of Switzerland's biggest and oldest wealth managers.

by: Bill Williamson

Help! I have a job and side hustle making Sh82,000 per month, yet I live hand-to-mouth

In the meantime, focus on expanding your business for higher returns ... Invest in improving your skillset and learn more about personal finance to manage your money effectively. Got money questions?Send us an email at [email protected] and leave ...

by: Bill Williamson

18 Indian billionaires who built their wealth in Africa

Here are 18 Indian billionaires who turned Africa into their land of opportunity: Naushad Merali, Sunil Vaswani, Narendra Raval
Fri, November 29, 2024

by: 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.

by: 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

by: Bill Williamson

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

by: 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.

by: 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.

by: 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 ...

by: Bill Williamson

Finance adviser calls for inclusive public financial management reform

by: 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.

by: 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.

by: 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.

by: 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.

by: 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.

by: 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

by: 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.

by: 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.

by: Bill Williamson

IIFL Finance to raise upto Rs 500 cr via NCDs

by: Bill Williamson

Istanbul Metropolitan Municipality to hold investor meets in UAE and Doha

by: 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

by: Bill Williamson

Otley Girlguiding unit receives grant from Skipton firm

by: 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.

by: 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

by: Bill Williamson

Japanese banks sticking with Adani as Jefferies, Barclays review ties

JAPAN'S biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays are reassessing their exposure to the Indian conglomerate.

by: Bill Williamson

UBA Group to commence full banking operations in France

As part of President Bola Ahmed Tinubu's state visit to France, the Chairman of UBA Group, in the presence of President Tinubu and the President of France, Emmanuel Macron, signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand.

by: Bill Williamson

Japanese banks stand firm with Adani despite US bribery charges

Japanese banks stand by Adani amid US bribery charges, while global firms like Barclays reassess their exposure.

by: Bill Williamson

Liberals' tax-holiday plan divides business owners as reality of preparing for it sinks in

Figuring out what's taxed and what isn't, and the time-consuming bother of changing payments systems are just two of the headaches that have many wondering whether the tax break is worth it

by: Bill Williamson

Reliance Inds, Fine Organics Inds, PC Jeweller India, KEI Inds, Zomato will be in focus

India plans to raise FDI limit to 100% in insurance, amend key provisions of 1938 Act

Finance ministry proposes amendments to Insurance Act of 1938, including raising FDI to 100%, seeking public comments by December 10.

India is planning to increase the Foreign Direct Investment (FDI) limit in the insurance sector from the current 74% to 100%, aiming to attract more capital and enhance the sector's growth. This proposal is part of a broader amendment to the Insurance Act of 1938, which also includes changes to allow insurers to offer other financial products like mutual funds and pension products. The government's move is intended to modernize the regulatory framework, increase insurance penetration, and provide more options to consumers. Additionally, these amendments will facilitate easier business operations for insurance companies by simplifying regulations around capital requirements, solvency margins, and investment norms. The changes are expected to be discussed in the upcoming Winter Session of Parliament.

Read the Full Business Line Article at https://www.thehindubusinessline.com/money-and-banking/india-plans-to-raise-fdi-limit-to-100-in-insurance-amend-key-provisions-of-1938-act/article68928429.ece