• Mon, December 16, 2024

by: The Age

The $100,000 loan contract between Cats legend Joel Selwood and an accused fraudster

Loan documents reveal a man now under police investigation proposed to borrow $100,000 from Selwood, who would be repaid the principal and interest of $10,000 after eight months.

by: Arabian Business

When the drums fall silent - legendary drummer Zakir Hussain passes away

The five-time Grammy winner died on Sunday in San Francisco after spending two weeks in the ICU with idiopathic pulmonary fibrosis

by: Rappler

Pagcor leases Nayong Pilipino property to San Miguel for 25 years

Pagcor says the construction of its new office building was a 'major consideration' for the agreement with San Miguel Infrastructure

by: TechRadar

What is inferencing and training in AI?

In short, training builds the foundation, while inferencing brings that knowledge to life in practical, real-world applications. Inferencing is when AI puts its training into practice, tackling real-world challenges like predictions and data analysis. But first, it needs thorough preparation to ensure success.

by: sinchew

The 1st International Cerebro-cardiovascular Medical Innovation Summit (ICMIS) a great success

Experts from Various Fields Gather to Discuss Cutting-Edge Medical Topics "Innovation+ Finance" Boosts Development of Medical Startups in Hong KongHONG KONG SAR - Media OutReach Newswire - 16 December 2024 - The Hong

by: Winnipeg Free Press

Ottawa to unveil economic update detailing deficit, new border security package

The Liberal government in Ottawa is set to unveil its fall economic update today, its first spending package since Donald Trump won the November presidential election. Ottawa is

by: Business Today

SEBI has adequate internal mechanisms for addressing issues relating to conflict of interest: MoS Finance

Unclaimed and outstanding maturity claims with LIC rises to Rs 880.93 crore in FY24 from Rs 480.78 crore in FY20.

by: The Financial Times

Global mental health crisis hits workplaces

The report adds to a growing volume of research on the impact of a global mental health crisis on companies and the workplace. According to the World Health Organization and the International Labour Organization, about 12bn working days are lost every year to depression and anxiety, costing the global economy $1tn annually.

by: Sydney Morning Herald

Meet the people setting your interest rates

Treasurer Jim Chalmers' overhaul of the Reserve Bank board is complete, with six people appointed to help run the bank and set interest rates.

by: The Financial Express

Budget 2025: RAI wants all MSME benefits extended to retailers; seeks low-cost finance scheme

Currently, retail and wholesale traders, who were included under the MSME definition in July 2021 and were allowed to register on the Udyam portal, are eligible for access to credit only under priority sector lending norms.

by: Commercial Observer

The Big Chair: CBRE's James Millon Breaks Down Debt and Structured Finance in 2024

The former head of CBRE's large loan team has spent the last year guiding the firm's entire U.S. capital markets strategy

by: cnbctv18

Unclaimed and outstanding LIC claims surge 83% in 5 years: FinMin

Unclaimed and outstanding deposits refer to amounts that remain unpaid due to various reasons, such as the policyholder or nominee not claiming them, lack of proper communication, or unawareness of the claim process.

by: ceps.eu

EU Payment Observatory - Annual Report 2024

In 2023, the share of enterprises experiencing problems because of late payments in the EU experienced its highest increase in the past five years. Average payment periods seem to have deteriorated, a

by: The Hans India

Mortgage finance AUM in India projected to grow 16-17 pc in FY25 and FY26

The assets under management (AUM) of mortgage finance loans in the country is expected to grow at a healthy 16-17 per cent this fiscal and the next (FY25 and FY26), a report said on Monday.

by: WTOP News

2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risks

The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that,

by: fintechmagazine

Payabl. Executives Outline Payments Challenges for 2025

Payabl. executives highlight 2025 payments trends: digital wallets, embedded finance, AI innovation, PSD3 challenges and industry diversity

by: moneycontrol.com

8 proven ways to stop overspending and save more

To break free from overspending, identify your triggers, set a realistic budget, and adopt habits like the 24-hour rule to avoid impulsive purchases.

by: Yahoo

Who could run for Tennessee governor in the 2026 GOP primary? The early possibilities

With Gov. Bill Lee facing term limits, the 2026 Republican primary could be wide open. Some candidates could announce campaigns as early as spring.

by: India Today

Parliament Session Live: Congress walks out of Lok Sabha over removal of 1971 war painting Army chief's office

The Rajya Sabha is set to convene today for a two-day discussion marking 75 years since the adoption of the Constitution. While the focus of the debate is expected to be on the significance and evolution of the Constitution since its adoption on November 26,

by: Cyprus Mail

Elevate your career with PwC's Academy Business Professionals Certificate (BPC): Your key to business excellence!

In today's rapidly evolving business landscape, having a solid foundation in accounting and finance is more critical than ever. Whether you're a high school graduate, a university graduate, a career changer,

by: Daily Monitor

BoU, Ministry of Finance lock horns over audit on money heist

BoU has so far been unsuccessful in getting back the funds wired in Tokyo, and likely won't, according to people familiar with the matter

by: Business Today

Wealth destroyers: These stocks slipped over 50% in 2024; here's what analysts say for 2025

Even as 70% of the stocks in the BSE Sensex, BSE Midcap, and BSE Smallcap indices have delivered positive returns during the current calendar year, a significant number — approximately 325 — are grappling to remain above water.

by: Forbes

Trump's Cabinet And Key Jobs: Ric Grenell And Devin Nunes Are Latest Nominees

Nunes, chief executive of Trump-owned Truth Social, was announced as the president-elect's nominee for chairman of the President's Intelligence Advisory Board.

by: India Today

Parliament Session Live: Constitution discussion in Rajya Sabha, Lok Sabha to focus on financial business

The Rajya Sabha is set to convene today for a two-day discussion marking 75 years since the adoption of the Constitution. While the focus of the debate is expected to be on the significance and evolution of the Constitution since its adoption on November 26,

by: moneycontrol.com

Credit cards and your financial future: How they impact your credit score and loans

Credit cards are a double-edged sword when it comes to your financial health. While they provide convenience, rewards, and a credit history, they can also significantly impact your credit score and loan eligibility. Understanding the connection between your credit card usage and your financial profile is essential for making informed decisions.

by: AOL

Best Stock to Buy Right Now: Home Depot vs. Lowe's

Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) are the two largest home improvement retailers in America. Both of their stocks slumped in 2022 and 2023 as inflation curbed consumer discretionary spending and rising interest rates chilled the housing market,

by: Business Standard

Irdai's move to limit banca biz may stifle insurance sector growth: Emkay

Last week, reports suggested that Irdai is likely to bring in regulations to limit the overdependence of life insurance companies on their parent banks for business sources through bank channels

by: moneycontrol.com

Business Loan: Key documents needed to secure financing, check full list

Business loans can fuel growth and stability for entrepreneurs, but securing one requires meticulous preparation. From identity proofs to financial statements, discover the documents needed for your application process.

by: Business Standard

Men's grooming market set to blow up, grow exponentially: Nikhil Kamath

Men's grooming industry is "growing exponentially" with 76 brands in the market, compared to 18 more than a decade ago, Nikhil Kamath, co-founder of fintech Zerodha and investment firm True Beacon, has said.

by: Business Standard

New Zealand eyes overhaul of 'Golden Visa' scheme to woo wealthy immigrants

New Zealand is reviewing the visa's investment requirements, with announcements by immigration minister Erica Stanford expected soon

by: Business Standard

Secured vs. Unsecured Personal Loans: A Comprehensive Guide to Finding the Right Fit

Navigating the world of personal loans can be challenging, especially when deciding between secured and unsecured options. Understanding the differences between these two types of loans is crucial to making informed financial decisions.

by: Business Standard

Sebi's new proposal: DigiLocker to become key in asset transfer after death

In case of a user's death, DigiLocker will update the account status based on death registration data from the Registrar General of India (RGI), or information from the KRA system.

by: Business Standard

Explained: Youtube influencer fined Rs 9.5 cr for illegal investment advice

The company marketed high returns based on the credentials of Ravindra Balu Bharti, a financial influencer running two YouTube channels with 10.8 lakh and 8.33 lakh subscribers, respectively.

by: Business Standard

Canada's IRCC to Indian students: Resubmit visas, study permits, other docs

The requests have caused alarm among international students, many of whom hold valid visas with up to two years of remaining validity

by: Business Standard

HNIs, NRIs to rule India's luxury housing mkt: 2025 realty trends decoded

Infrastructure development will further fast-track real estate growth in Tier-II & III cities including temple towns such as Amritsar, Ayodhya, Dwarka, Puri, Shirdi, Tirupati, Varanasi, etc.

by: Business Standard

What factors determine fair alimony? Latest SC ruling on divorce explained

The Supreme Court's recent ruling in the Rajnesh vs Neha case outlines eight key factors that determine alimony, focusing on financial capacity, standard of living, and the welfare of children.

by: Reuters

US finalizes $9.63 billion loan for Ford, SK On joint battery venture

The U.S. Energy Department on Monday said it has finalized a $9.63 billion loan to a joint venture of Ford Motor and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.

by: Reuters

German business activity ends year in contraction territory, PMI shows

Germany's economic downturn eased slightly in December but business activity still contracted for a sixth month running, according to a survey published on Monday.

by: Business Standard

Declaring foreign assets in tax returns form: What Indians must know

It is mandatory for Indian residents to disclose their foreign assets and income in their Income Tax Return (ITR). Specifically, Schedule FA (Foreign Assets) in the ITR form is meant for reporting foreign assets, and Schedule FSI (Foreign Source Income) is for reporting income from foreign sources.

by: Reuters

Procter & Gamble to disclose wood-pulp audit details, investors say

Procter & Gamble has promised a group of shareholders it will disclose more details about how it audits wood-pulp suppliers, the investors told Reuters, after shareholders pushed the maker of Charmin toilet paper for years to source forest products more sustainably.

by: Reuters

Canada expected to announce missed deficit targets as spending creeps up

Canada is expected to announce on Monday it blew past its deficit target for last year, when Finance Minister Chrystia Freeland presents her mid-term budget, and economists said estimates for this year could also be higher as spending increases.

by: Reuters

Bitcoin buyer MicroStrategy jumps on Nasdaq 100 entry

MicroStrategy shares rose nearly 7.4% in Frankfurt trading on Monday as the software company and bitcoin buyer was set to join the tech-heavy Nasdaq 100 index that could further fuel the steep rise in its stock price.

by: MSN

Aries Daily Horoscope Today (Mar 21 - April 19), December 16, 2024: Relationships will improve!

Aries Money Horoscope Today Financial strength will increase. You will find success in career and business. Business activities will speed up, and exchanges will remain practical. Aries Career Horoscope Today Cooperation will continue in the professional sphere.

by: MSN

Widener University names new vice president for Administration and Finance

Widener University announces that Heather L. Meier, a Philadelphia-area financial professional and licensed certified public accountant with more than

by: MSN

More Americans have brighter outlook on state of finances for next year: survey

As the new year approaches, more Americans have a brighter outlook for the state of their personal finances in 2025, a recent Bankrate survey indicated.

by: MSN

US case against India's Gautam Adani appears strong but extradition unlikely, experts say

The U.S. fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help prosecutors make a strong case, legal experts said, but the tycoon is unlikely to be extradited to stand trial anytime soon.

by: MSN

I'm a Financial Advisor: 5 Ways My Millionaire Clients Have Wasted Money in 2024

Poppin' bottles in the VIP room? Some would call that wasteful spending. Others would call it being rich. After all, for some, having money often means having less vigilance regarding where

by: MSN

Mytheresa Emerges as the Hero in the 2024 Drama of Luxury E-commerce

Frasers Group gave up on Matches, Coupang has begun its reboot of Farfetch and Richemont has agreed to sell Yoox Net-a-porter to a thriving rival, Mytheresa. It's been a year of shock - and change - for multibrand online luxury retailers.

Business Loan: Key documents needed to secure financing, check full list

Business loans can fuel growth and stability for entrepreneurs, but securing one requires meticulous preparation. From identity proofs to financial statements, discover the documents needed for your application process.
The article from Moneycontrol outlines the essential documents required for securing a business loan in India. It emphasizes that while the specific documents can vary by lender, common requirements include KYC (Know Your Customer) documents like PAN card, Aadhaar card, voter ID, or passport for identity verification, and address proof such as utility bills or rental agreements. Financial documents are crucial, encompassing the last three years' balance sheets, profit and loss statements, and income tax returns (ITR) for both the business and its promoters. For businesses less than three years old, projected financial statements might be necessary. Additionally, documents detailing business ownership, like partnership deeds or incorporation certificates, are needed. The article also mentions the importance of a business plan, bank statements for the last six months, and any existing loan details. For loans backed by collateral, property documents are required, and in some cases, a CA certificate or a no-objection certificate from the property owner might be needed. The article concludes by advising potential borrowers to prepare these documents meticulously to streamline the loan application process.

Read the Full moneycontrol.com Article at:
https://www.moneycontrol.com/news/business/personal-finance/business-loan-key-documents-needed-to-secure-financing-check-full-list-12889298.html

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