• Mon, December 16, 2024

by: moneycontrol.com

Alphabet, Elevation Capital, LGT-backed Aye Finance plans to float Rs 1,450-crore IPO, files draft papers with SEBI

The initial public offering consists of fresh issuance of equity shares worth Rs 885 crore, and an offer-for-sale of Rs 565 crore worth shares by existing shareholders, as per the DRHP filed on 6.

by: The Daily Mirror

HNB and CFA Society Sri Lanka renew partnership to foster financial sector growth in 2024

HNB has reaffirmed its strong commitment to enhancing the nation's financial sector by renewing its partnership with the CFA Society Sri Lanka (CFA SSL). ..

by: bnnbloomberg

Finance Minister Chrystia Freeland quits cabinet, LeBlanc to replace her

Deputy Prime Minister and Finance Minister Chrystia Freeland has announced she's resigning from Prime Minister Justin Trudeau's cabinet, after she says he told her he no longer wanted her in the top economic post.

by: MSN

Gemini Daily Horoscope Today (May 21- June 20), December 17, 2024: Your health will improve!

Gemini Money Horoscope Today You will promote new projects and achieve success in matters related to land and property. Goals will be accomplished, and your focus will be on business. Wealth and prosperity will grow.

by: Business Standard

How AU Small Finance Bank is luring India's affluent with premium banking

AU Eternity offers a unique blend of luxurious banking services and personalized privileges, powered by a strategic partnership with Mastercard.

by: Reuters

Trump again warns Hamas to release hostages soon, or 'It's not going to be pleasant'

President-elect Donald Trump said on Monday he had a "very good talk" with Israel's prime minister, Benjamin Netanyahu, about the war in Gaza and reiterated his threat that "all hell is going to break out" if Hamas does not release its hostages by Jan.
  • Tue, December 17, 2024

by: The Daily Telegraph

This housebuilder is making inroads to better profit margins

We are still sitting on a paper loss on housebuilder Springfield Properties, but a lowly valuation should protect...

by: Lock Haven

KCSD reviews 2023-2024 finance report

Keystone Central School District Business Manager Joni MacIntyre presented the school board with KCSD's 2023-2024 End of Year Report, revealing that the district secured a $1.3 million surplus, which she recommended be reinvested in various improvement projects.

by: Daily Sabah

Canada's finance minister resigns amid tariff rift with Trudeau

Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland resigned on Monday in a surprise move after disagreeing with Prime

by: BBC

Canada's finance minister quits over Trump tariff dispute with Trudeau

Chrystia Freeland says Canada faces a "grave challenge" from incoming US President Donald Trump's tariff threats.

by: Business Line

Zomato's global finance head Hemal Jain quits

Zomato's global finance head Hemal Jain has stepped down from her position to pursue other opportunities. The company informed about this development in a BSE filing on December 16 as a disclosure of resignation of a senior personnel management member.

by: ThePrint

Understanding Collateral Requirements for Business Loans

The process of obtaining a business loan can be complex, with financial institutions carefully evaluating various factors to assess risk. One of the key elements that significantly impacts a borrower's chances of securing a loan is collateral.

by: France 24

Trump and SoftBank CEO announce $100 billion investment plan in US

US President-elect Donald Trump appeared jointly with Masayoshi Son, the CEO of Japan's SoftBank, announcing the group's plan to invest $100 billion in the United States over the next four years.

by: Business Standard

NBFC player Aye Finance files draft papers with Sebi for Rs 1,450 cr IPO

Aye Finance, a non-banking financial company, has filed draft papers with the markets regulator Sebi to raise Rs 1,450 crore through its Initial Public Offering (IPO).

by: CTV News

Postal employees head back to work as union challenges intervention in strike

Canada Post is resuming operations after a month-long strike by more than 55,000 postal workers left letters and parcels in limbo.

by: Wall Street Journal

Financial Services Roundup: Market Talk

Find insight on Banco BPM, DBS Group Holdings and more in the latest Market Talks covering financial services.

by: Business Daily Africa

CIC General pays Sh700 million in flood and protests claims

CIC General Insurance paid claims of about Sh300 million following the widespread flooding that hit Kenya between March and June.

by: Yahoo Finance

YYC DataCon 2025: Canada's Premier Data and AI Conference Returns Bigger Than Ever

Following a transformative year in 2024, the YYC Data Society is proud to announce YYC DataCon 2025, the ultimate gathering for data, AI, and innovation leaders. Set to take place from February 27th to March 1st at Calgary's BMO Centre,

by: Techzim

Cassava Technologies (Liquid's Parent) Secures US$310m in Funding and Reorganises

A few months ago we talked about Liquid Intelligent Technologies being in some financial bother. The company has some good news on that front. Liquid's

by: The New Zealand Herald

Inflation, OCR, and closures: a look at New Zealand's economy in 2024 - The Front Page

The economy has been uncertain for quite some time, and 2024 was no different. Over the last year, we've seen some improvement. In October, the annual rate for inflation had fallen from 3.3% to 2.2%.

by: Kiplinger

On the Naughty List: Holiday Tax Scams to Look Out For

The IRS says scammers are on the prowl for your financial information. Know the signs so you don't fall victim.

by: Business Today

Restrictions lifted: ECL Finance and Edelweiss ARC get RBI's green signal

The Reserve Bank of India (RBI) on Tuesday lifted its five-month-long restrictions on two Edelweiss Group entities—ECL Finance and Edelweiss Asset Reconstruction Company (ARC)—after the firms took corrective steps to align with regulatory norms.

by: Outlookindia

The Driving Force Behind Data Modernization: Bridging Technology And Innovation

The advancements we see today result from efforts by experts who bring vision, precision, and ingenuity to the challenges of modernization. Through his work, Srinivasa is helping to set the stage for a future where technology continues to break boundaries,

by: Yahoo Finance

LION ELECTRIC ANNOUNCES EXPIRY OF COVENANT RELIEF PERIOD AND DEFAULTS UNDER CERTAIN OF ITS SENIOR DEBT INSTRUMENTS

The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today the expiry of the previously announced covenant relief period under its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada,

by: AOL

GM investors plug into electrified growth story amid uncertain road

General Motors has won Yahoo Finance's Surprise of the Year award. So what's next for the auto icon? GM CEO Mary Barra shares her latest vision.

by: The Globe and Mail

Business Brief: Breaking down a bombshell resignation letter

First, the news: Freeland resigned hours before her speech, but three days after Trudeau reportedly offered her another position in a Zoom call, Robert Fife and Marieke Walsh report. She said she was no longer on the same page with the Prime Minister about the best path forward for Canada.

by: bnnbloomberg

Gulf's Consumer Culture Lures Banks and Private Credit to Region

Governments in the Gulf have been fighting to bring investment onshore, as sovereign wealth funds invest vast sums of money abroad. It's been an uphill battle, but global lenders are taking notice of one niche area: consumer loans.

by: The New York Times

High on Hope, Wall St. Hears What It Wants From Trump

Investors and executives are often emphasizing what they like in the president-elect's agenda, while dismissing what they don't as mere posturing.

by: Business Today

Personal Loans vs. Payday Loans: Key differences and how to choose the right one

Unlike specific loans for education or home purchases, personal loans offer flexibility in how you use the funds. Payday loans may provide assistance during a financial crisis.

by: Business Standard

Adani deal under bribery scrutiny was approved against officials' advice

Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the state had no short-term need for solar power

by: Yahoo Finance

Bernstein Names Nvidia and Broadcom Top Semiconductor Picks for 2025

Emphasizing their critical roles in advancing AI and GPU technologies, Bernstein has listed Nvidia ( NVDA, Financials) and Broadcom ( AVGO, Financials) as top semiconductor stocks for 2025.

by: Forbes

20 Effective Ways To Communicate Cap Table Details To Stakeholders And Investors

Avoid overloading everyone with unnecessary details—many software tools offer excessive features you won't need.

by: Yahoo Finance

D-Wave CEO Dr. Alan Baratz Discusses Company's Growing Commercial Quantum Computing Momentum on Yahoo! Finance's "Catalysts"

Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company"), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, announced that CEO Dr.

by: Forbes

Navigating Cloud Networking And The Cost Dilemma In The Age Of AI

As cloud adoption matures, so do its associated costs—driven significantly by the rise of artificial intelligence (AI) and the escalating energy demands of data centers.

by: Forbes

Leadership, Trust, And AI: Dan Durn's Journey As Adobe's CFO

At Adobe, Durn has helmed Finance, Technology Services, and Operations as CFO for more than three years. Perhaps his most visible CFO role yet, several underlying factors have resulted in Durn's career satisfaction: being exposed to value creation at innovative companies, experience in a variety of industries, and collaboration with mentors.

by: Reuters

Barclays loses challenge to motor finance ruling as UK watchdog's redress scheme looms

Barclays on Tuesday lost its bid to overturn a key ruling on motor finance commission, in a case likely to affect a potential multibillion pound consumer redress scheme from Britain's finance watchdog.

by: MSN

Quanex Building Products Corporation (NYSE:NX) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript December 13, 2024 Operator: Good day, and thank you for standing by. Welcome to the Fourth Quarter and Full Year 2024 Quanex Building Products Corporation Earnings Conference Call.

by: MSN

Liberals' fiscal update focused on Trump overshadowed by Freeland resignation

The Liberals' fiscal update was intended to encourage business investment and beef up border security ahead of Donald Trump's return to the White House next month.

by: MSN

Analysis-2024 the 'year of the bond' as record inflows top $600 billion

Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025. Dwindling inflation has finally allowed central banks to lower interest rates,

by: MSN

Leo Daily Horoscope Today (July 23- Aug 22) December 17, 2024: Your romantic life will flourish!

Leo Money Horoscope Today Financial matters will work in your favor, with increasing positivity. You will showcase progress in economic activities, enhancing confidence in success. Leo Career Horoscope Today Expansion plans will gain momentum.

by: MSN

Ransomware's Toll: How this Cybersecurity Firm Mitigates the Damage

Ransomware attacks have severe financial repercussions, from direct ransom payments to operational downtime. According to research, the proportion of businesses paying a ransom has doubled from 2019 to 2022.

by: MSN

What's Ailing the NBFC Sector and How Can Diversification Help Drive Recovery? | Business News

The NBFC sector is facing pressure due to high inflation, rising interest rates, and increased household debt, impacting asset quality. Despite stock corrections, challenges persist, especially in microfinance and unsecured credit.

by: MSN

Aye Finance Limited files DRHP with SEBI for Rs 1,450 crore IPO

The IPO, with a face value of Rs 2 per equity share, combines a fresh issue of up to Rs 885 crore and an offer of sale of up to Rs 565 crore by Corporate and Individual Selling Shareholders.

by: MSN

Gurugram-based MSME lender Aye Finance Limited files DRHP with SEBI for ?1,450 crore IPO

Aye Finance has demonstrated strong financial performance, reporting a 291.5% surge in profit after tax (PAT) from ₹43.9 crore in FY2023 to ₹171.7 crore in FY2024.

by: MSN

Canadian business leaders say Freeland's resignation adds uncertainty to trade talks

Some business leaders worry the resignation of Finance Minister Chrystia Freeland from the federal cabinet leaves Canada without a "quarterback" at a critical moment for the country's economy and trade relationships.

by: MSN

A new blueprint for financing community development - Part I

Boyle Heights, a neighborhood in East Los Angeles, is one of the city's cradles of Mexican American history and culture. At its heart sits Mariachi Plaza, a longtime gathering place for mariachi musicians for hire.

by: MSN

'I Have Taken This Tough Decision...': Zomato's Global Head Of Finance Hemal Jain Resigns

Hemal Jain, Zomato's Global Head of Finance and CFO of Hyperpure, has resigned, effective January 31, 2025, after over six years with the company. Her exit follows Zomato's receipt of an Rs 803 crore GST demand notice.

by: MSN

Sagittarius, Daily Horoscope Today, December 17, 2024: Day brimming with opportunities

Sagittarius, get ready for a day brimming with opportunities! Relationships flourish, with potential marriage proposals and reignited sparks for couples. Children's successes bring joy, while career advancements hinge on collaboration and partnerships.

Alphabet, Elevation Capital, LGT-backed Aye Finance plans to float Rs 1,450-crore IPO, files draft papers with SEBI

The initial public offering consists of fresh issuance of equity shares worth Rs 885 crore, and an offer-for-sale of Rs 565 crore worth shares by existing shareholders, as per the DRHP filed on 6.
Aye Finance, backed by investors like Alphabet, Elevation Capital, and LGT, has filed draft papers with SEBI to launch an IPO aiming to raise Rs 1,450 crore. The IPO includes a fresh issue of equity shares worth Rs 600 crore and an offer for sale of Rs 850 crore by existing shareholders. The funds raised will be used to strengthen the company's capital base to meet future capital requirements and for onward lending. The company, which provides business loans to micro enterprises, reported a significant increase in its total income and profit after tax for the fiscal year ending March 2024, with total income rising to Rs 1,037 crore from Rs 662 crore the previous year, and profit after tax increasing to Rs 114 crore from Rs 19 crore.

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