Tue, December 17, 2024

by: Finance & Commerce

Chaska advances Beckman Coulter expansion plans

Beckman Coulter, a provider of life diagnostics systems for the health care industry, wants to grow its already strong presence in the southwest metro area with a $50 million building expansion in Chaska,

by: inc42

Aye Finance Files DRHP For INR 1,450 Cr IPO

The IPO will include a fresh issue of equity shares worth INR 885 Cr and an offer-for-sale (OFS) amounting to INR 565 Cr

by: MSNBC

Meet Forbes Media's first female CEO in the company's 107-year history

Sherry Phillips is breaking barriers and making history. This month, Forbes Media announced that Phillips, the company's chief revenue officer, will be promoted to chief executive officer, becoming the first female CEO in Forbes' 107-year history.

by: Moneyweb

Understanding PE multiples: The sub-10 and over-20 clubs

The risks at the opposite ends of the market are simply not the same, with far more needing to go right for one 'club' than the other.

by: MarketWatch

How do the rich give away their money? With a smart strategy.

Some wealthy individuals are moving hundreds of thousands of dollars out of their estates, either all at once or over time

by: Investopedia

Millennials vs. Gen Z: Who's Winning the Savings Game?

Both Millennials and Gen Zers are saving money, despite high costs of living and student loan debt. But, both generations have trouble saying no to impulse purchases. Here's how they compare.

by: Think Advisor

Draft Bill Attacks Wealthy Families' Private Placement Life Policies

With the Protecting Proper Life Insurance From Abuse Act, Senate Finance Committee Chairman Ron Wyden has proposed classifying private placement life insurance arrangements as ordinary investment funds.

by: WPBF

New laws to take effect in Florida on Jan. 1

Some of the notable laws that go into effect on New Year's Day are targeted towards minors and social media use along with protection of first responders.

by: cnbctv18

Top Stories | Sensex, Nifty at 2-week low, Trudeau's troubles, One Nation, One Election, and more

TV18's daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 PM.

by: News Tribune

Car buyers and credit: What auto financing means for credit scores

Experian provides an overview of credit scores among auto loan borrowers using a review of anonymized and aggregated consumer data as compared to those without auto loans.

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: 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: 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: 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: 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: 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: 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: 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 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: 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: 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: 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: 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: 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: 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: 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 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: 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: 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: 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: 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: 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: 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: 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.
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: Forbes

SoftBank's $100 Billion Promise To Trump Is More Than Its Entire Market Cap

The Japanese tech conglomerate has assets, like a majority stake in British chip company Arm, but hasn't detailed how it will pony up.

by: The New Zealand Herald

Watch live: Govt books in worse shape than expected, ministers face Question Time grilling

Willis said she would consider whether the worse-than-expected economic outlook would "warrant any further action" by her in the future. As previously signalled, she is looking at requiring charities that are really businesses to pay more tax.

by: bnnbloomberg

Trudeau taps LeBlanc as finance minister after Freeland resigns: source

Prime Minister Justin Trudeau's government is reeling as he loses top cabinet ministers, including Finance Minister Chrystia Freeland who was set to release a key economic update on Monday.

by: Bloomberg L.P.

December Global Regulatory Brief: Digital finance

As technology continues to reshape financial services, regulators and policy setters are embarking on a range of digital-finance initiatives to manage risks and set appropriate standards.

by: Yahoo Finance

Mitek Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results and Provides Guidance for Fiscal 2025

(NASDAQ: MITK, "Mitek" or the "Company"), a global leader in digital identity verification, mobile capture and fraud management, today reported financial results for its fourth quarter ended September 30,

by: Finance & Commerce

Endeavor buys property in Vadnais Heights

A warehouse property in Vadnais Heights has been sold for $10.5 million and the buyer is a prominent Edina developer, according to a certificate of real estate value released last week.

by: Reuters

Trump says Turkey holds the key to Syria's future

U.S. President-elect Donald Trump said on Monday that Turkey will "hold the key" to what happens in Syria, where rebels backed by Ankara toppled the government of Bashar al-Assad earlier this month.

by: The Verge

Arm CEO Rene Haas on the AI chip race, Intel, and what Trump means for tech

Rene is a fascinating character in the tech industry. He's worked at two of the most important chip companies in the world: first Nvidia, and now Arm. That means he's had a front-row seat to how the industry has changed in the shift from desktop to mobile and how AI is now changing everything all over again.

by: inc42

Zomato's Business Finance Head Hemal Jain Quits

Zomato's global head of finance Hemal Jain is stepping down from the company after a six-year long stint to "explore other opportunities".

by: India Today

Parliament Session Highlights: BJP's whip to MPs to be present in Lok Sabha tomorrow over 'important business'

The Rajya Sabha on Monday convened a two-day discussion marking 75 years since the adoption of the Constitution. The focus of the debate is on the significance and evolution of the Constitution since its adoption on November 26,

by: Business Standard

Shape Your Future with a Bachelor of Business Administration at JAIN (Deemed-to-be University), CMS

The Bachelor of Business Administration (BBA) program at JAIN (Deemed-to-be University), Center for Management Studies (CMS), is an unparalleled opportunity to embark on a journey of academic excellence and professional growth.

by: MSN

Zomato's global finance head Hemal Jain resigns

Hemal Jain, Zomato's global head of finance and CFO of Hyperpure, has resigned after six years with the company to pursue other opportunities. Her departure follows a recent GST demand notice and another senior management exit.

by: Rolling Out

A specialist's challenge balancing career and finances

Discover the financial decisions behind balancing career growth, family needs, and long-term finance planning with a $210,000 household income.

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.

Aye Finance Limited, a Gurugram-based micro, small, and medium enterprises (MSME) lender, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). The IPO aims to collect up to ₹1,450 crore, which includes a fresh issue of equity shares worth ₹600 crore and an offer for sale (OFS) of shares amounting to ₹850 crore by existing shareholders. The company plans to use the net proceeds from the fresh issue to augment its capital base to meet future capital requirements and for general corporate purposes. The OFS will see shares sold by promoters and investors like Elevation Capital, Aavishkaar Capital, and others. Aye Finance specializes in providing credit solutions to small businesses, particularly those underserved by traditional banking systems, and has been operational since 2014.

Read the Full MSN Article at:
https://www.msn.com/en-in/money/economy/gurugram-based-msme-lender-aye-finance-limited-files-drhp-with-sebi-for-1-450-crore-ipo/ar-AA1w0ozV


Similar Business and Finance Publications
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.
The IPO is an offer-for-sale (OFS) of up to 2.97 crore shares by existing shareholders and promoters. At the upper price band, the issue size is nearly Rs 840 crore, valuing the company at a market capitalization of around Rs 2,
Britain's stock market has become "deeply uncompetitive" and risks driving more companies to the US, the former head of the exchange has warned. Xavier Rolet, who ran the London Stock Exchange Group from 2009 until 2017, said there is a "real ...
An anchor lock-in refers to the mandatory period during which anchor investors are restricted from selling the shares they purchase in an Initial Public Offering (IPO)
The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday (December 11, 2024).
IPO, comprising an entirely offer for sale (OFS) of 18,795,510 equity shares, is available at a price band of Rs 1,265-Rs 1,329 per share