Thu, December 19, 2024

by: The Straits Times

Acra to restore Bizfile search function; restrict access to full NRIC numbers to paying users

The press conference followed public outcry over Acra's Dec 9 decision to make NRIC numbers searchable on Bizfile for free, without requiring users to first register. The search function, which allows users to look up information about a company's directors and public representatives, was disabled on Dec 13.

by: Business Times

Acra to remove NRIC numbers from Bizfile portal search, government apologises for lapse

THE Accounting and Corporate Regulatory Authority (Acra) will remove National Registration Identity Card (NRIC) numbers from its "people search" function on its Bizfile portal when it is relaunched some time next week,

by: IMD business school

Time to go green? Process vs outcome - and what bonds are best for you

Green and sustainability-linked bonds offer companies new funding to reach urgent sustainability goals. Salvatore Cantale and Barry Gavin explain how to make the most of a booming market.

by: MSN

RLI Rises 17.9% in 6 Months: Can the Stock Retain the Bull Run?

Shares of RLI Corp. RLI have gained 17.9% in six months, outperforming the industry's 11.4% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector's return of 11.1% and 8.

by: Business Line

Veefin Group raises ?136 cr for product development and acquisitions; aims a further ?155 cr by Jan 2025

by: Channel NewsAsia Singapore

'We are very sorry': Josephine Teo apologises for confusion, anxiety over NRIC unmasking saga

The Cabinet minister issued the apology during a press conference on Thursday, alongside ACRA chief executive Chia-Tern Huey Min who said the incident was due to a lapse in coordination.

by: Sussex Express

Hastings-based Social Enterprise Let's Do Business Group to begin working with VCSE organisations in Herefordshire

Let's Do Business Group, based in Hastings, has successfully bid for a new project with Herefordshire Council to provide comprehensive business and marketing support to the voluntary, charity, and social enterprise (VCSE) sector,

by: India Today

How business schools shape future leaders in sustainability and innovation

Business schools are evolving to address global challenges by fostering leadership in sustainability and innovation. Through transformative education, they empower students to create sustainable solutions and drive impactful change in a rapidly changing world.

by: The New York Times

Where Does a 'Remarkable' U.S. Economy Go From Here?

America's economy is far outstripping its peers, but there are serious risks, including from the president-elect.

by: Business Standard

Laxmi India Finance files draft papers with Sebi to raise funds via IPO

NBFC player Laxmi India Finance Ltd has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO).

by: AOL

When's the best time to shop for car insurance? (Hint: It could be right now)

While timing your insurance shopping can have an impact, comparison shopping is what really drives your savings. See handy tips to timing your switch to a new insurer.

by: Tuko

List of Kenya Commercial Banks That'll Close Shop, Merge after Ruto Signed New Law

President William Ruto signed the Business Laws Act 2024, which stipulated that commercial banks must have a minimum core capital of KSh 10 billion.

by: The Financial Express

NBFC loans: Balancing growth and risk in a changing landscape

The RBI has maintained its outlook that NBFCs are a vital catalyst for development of the Indian economy. However, it can be observed that various NBFCs have mushroomed in the market which aim to benefit from the growing demand in the retail sector where the consumers are gullible,

by: Exchange 4 Media

SEBI cracks down on finfluencer with Rs 9.5 cr refund and ban

As per reports, finance influencer Ravindra Balu Bharti and his company have faced action for allegedly operating an unregistered investment advisory business

by: Arabian Business

ADIO and EXIM forge MoU to boost US-UAE trade in key sectors

It marks a significant milestone in facilitating the import and export of raw materials, services and technology, particularly in priority sectors

by: Finance & Commerce

AIA: Architecture billings stable, inquires rising

Architecture billings in the U.S. are stabilizing, and new project inquiries are on the rise, the American Institute of Architects said Wednesday.

by: Fortune

Motown: What's going on?

A new CEO with a background in movies will try to bring the label out of its funk.

by: Yahoo Finance

Kering Eyewear Celebrates Decade of Innovation With Harvard Case Study and Commemorative Book

In an exclusive interview, Roberto Vedovotto, founder, president and chief executive officer of the eyewear group, discussed the tribute book "Never Never Never Give Up," focusing on team spirit and resilience.

by: Reuters

European car sales fall in November, led by France and Italy, ACEA says

New car sales growth in Europe turned negative again in November, after showing a meagre growth in October, weighed by sharp declines in France and Italy, and a stagnation in Germany, industry data showed on Thursday.

by: Seeking Alpha

The Final Stretch? Canoo Is Running Out Of Time And Options

I think Canoo will face issues in raising more funds. Click here to read more about GOEV stock and why I rate it is a Strong Sell.

by: The Irish Times

Mergers and acquisitions trajectory looks set to continue upwards in 2025

Pro-business policies are expected to drive a further uptick in M&A activity after 2024 elections 'remove a significant element of uncertainty'
Wed, December 18, 2024

by: The Daily Star

Beximco lays off 40,000 workers at 15 apparel units

The Beximco Group has laid off nearly 40,000 workers across its 15 apparel units, citing a lack of work orders for its export-oriented garment and textile factories in Dhaka's outskirts of Gazipur.

by: KOLR10 & Ozarks Local News

Philanthropist MacKenzie Scott reveals another $2 billion in donations in 2024

NEW YORK (AP) — Billionaire author and philanthropist MacKenzie Scott acknowledged another $2 billion in donations in a blog post on Wednesday, bringing the total she's given away since 2019 to $19.2 billion. Scott also announced that she has directed ...

by: Seeking Alpha

Of 63 Fortune500 Industry Leaders, 57 Pay Dividends, 38 Test 'Safer' & 1 Is Ideal To Buy

Top 10 Fortune 500 industry leaders show strong yields. See why Energy Transfer's high-dividend, low-price stock stands out as a safer buy in December.

by: Yahoo

This couple holds an annual 'goals meeting.' In 2024, they saved over 6 figures and traveled to Greece and Italy.

Durelle and Samantha Bailey always schedule an end-of-year meeting. They track goals in a spreadsheet and check in on their progress every week.

by: manilatimes

Broad Arrow Delivers 75% Year-Over-Year Growth in 2024 with $316 Million in Transactions Across Auctions, Private Sales, and Financing

The 1997 Porsche 911 GT1 Rennversion, Broad Arrow's top auction sale of 2024, pictured on the block at the company's Monterey Jet Center Auction (Credit - Kayden Nelson / Courtesy of Broad Arrow Auctions) 86 cars sold via private sale transactions, totaling more than $67 million Underwrote approximately $84 million in new financing transactions

by: AOL

When's the best time to shop for car insurance? (It could be right now)

While timing your insurance shopping can have an impact, comparison shopping is what really drives your savings. See handy tips to timing your switch to a new insurer.

by: Business Line

Bank of Baroda approves ?10,000 crore bond issuance for infrastructure and affordable housing

by: Hartford Courant

Connecticut Port Authority hires top nuclear energy exec as new executive director

Michael J. O'Connor, the recently retired vice president of Dominion Energy's Millstone Power Station in Waterford has been named the Connecticut Port Authority's new executive director as it moves forward as a supply hub for the northeast offshore wind industry.

by: Yahoo Finance

Siemens Gamesa sells power electronics business to ABB

Engineering services firm ABB said on Wednesday it has agreed to acquire the power electronics unit of Gamesa Electric in Spain from Siemens Gamesa. The financial details of the deal, which is expected to close in the second half of 2025,

by: The Globe and Mail

Business Brief: What to make of Canada's new Finance Minister

Canada's inflation rate dipped below the Bank of Canada's 2-per-cent target for the second time in three months, the latest sign that the central bank has tamed inflationary pressures in the economy.

by: Forbes

Understanding Embedded Finance And The Growth Of White-Label Neobanking

Embedded finance is estimated to have reached a market value of $84.12 billion in 2023, projected to grow at a CAGR of 32.81% from 2024 to 2033. With 56% of businesses already offering at least one form of embedded finance, white-label neobanking is here to stay.

by: Business Insider

4 banks that will pay you up to $300 when you open an account by the end of the year

Some banks and credit unions are offering promotions on high-yield bank accounts ending in January. Find out whether these deals are right for you.

by: Kiplinger

You've Got a Trust: Now Who Should Be the Successor Trustee?

You've set up a trust to protect your assets and your beneficiaries, but you still must choose the right person to execute your wishes. Here's how to do that.

by: India Today

Is Elon Musk becoming a kingmaker for govts across the world?

After ensuring Donald Trump's return to the White House, Tesla boss Elon Musk met Reform UK leader Nigel Farage and is likely to finance his politics. Farage is one of the many world leaders Musk has met to discuss business and politics.

by: WTOP News

Iran's rial hits a record low, battered by regional tensions and an energy crisis

TEHRAN, Iran (AP) — The Iranian rial on Wednesday fell its lowest level in history, losing more than 10% of its value since Donald Trump won the U.S. presidential election in November and signaling new challenges for Tehran as it remains locked in the ...

by: FTAdviser

How a Court of Appeal ruling affects motor finance agreements

The recent landmark court judgment on motor finance represents a potentially seismic shift in the regulatory and legal landscape of the intermediary lending industry - for investors and lenders alike.

by: The New York Times

The Once Booming Drug Town Going Bust Under Taliban Rule

Funding its war against the United States, the Taliban reaped millions from boom towns trading opium, heroin and meth. Victorious, the group crushed the trade, leaving ghost towns in its wake.

by: USA Today

Listen up, businesses! Time's running out to claim your share of a $5.5B settlement

Feb. 4 is the last day businesses and nonprofits can file a claim in a $5.5 billion Mastercard-Visa settlement. Even shuttered businesses are eligible

by: ThePrint

Pramerica Life Partners with Policybazaar to Strengthen it's ULIP Portfolio, Launching NextGen Pension Plan and Smart Invest 1UP

Pramerica Life Insurance, one of India's fastest-growing life insurance providers, has joined hands with Policybazaar to accelerate its focus on Unit-Linked Insurance Plans (ULIPs). Building on ULIPs as a critical driver of its product strategy,

by: Business Today

Jury Meet: 29th Edition Of BT Best Banks Awards 2023-24| India's Banking Future

The jury for the 29th edition of the BT Best Banks Awards 2023-24 convened to assess India's banking and NBFC sectors. The esteemed panel featured Jayant Sinha, Former Chair, Standing Committee on Finance and MoS Finance;

by: Business Standard

Global Subject Experts Deliberate on 'Information and Competition in the Digital Economy' at the ISB-NBER 2024 Conference

The third annual ISB-NBER conference on Economic Policy and the Indian Economy was recently hosted at the Hyderabad campus of the Indian School of Business (ISB). National and international subject experts and thought leaders converged at ISB to discuss and deliberate on the opportune theme 'Information and Competition in the Digital Economy.

by: Business Times

Citi and Maybank Securities collaborate to offer global securities lending to Singapore retail investors

CITI and Maybank Securities announced on Wednesday (Dec 18) that they will be working to facilitate the lending of retail clients' global equity holdings together using Citi's platform. Read more at The Business Times.

by: moneycontrol.com

Shriram Finance seeks record $1.25 billion offshore loan split across currencies

The loan adds to this year's rush of offshore debt sales by Indian shadow lenders after the nation's central bank tightened rules in November 2023 that made it increasingly difficult for the sector to obtain local currency bank loans.

by: Reuters

Experts on Honda and Nissan's talks to deepen ties

Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.

by: Firstpost

Rewind 2024: How 2024 was a banner year for IPOs on India's stock market

From Swiggy to Hyundai Motors and NTPC Green, India's stock market has seen a number of blockbuster IPOs in 2024. Companies have cumulatively raised over Rs 1 trillion via IPOs with small and medium enterprises also getting in on the act.

by: MSN

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

By Harry Robertson LONDON (Reuters) -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.

by: The Financial Times

Lars Windhorst and H2O: scandal, spies and the superyacht | FT Film

This is the story of Lars Windhorst, a racy financier with nine lives. Once a wunderkind of German business, dubbed the German Bill Gates, Windhorst survived a plane crash and has lost then rebuilt his fortune several times over.

Bank of Baroda approves ?10,000 crore bond issuance for infrastructure and affordable housing

Bank of Baroda plans to raise ₹10,000 crore through long-term bonds for infrastructure and affordable housing projects.

Bank of Baroda has received approval from its board to issue bonds worth up to ₹10,000 crore. These bonds will be utilized to finance infrastructure projects and affordable housing initiatives. The issuance will be executed in multiple tranches over the next year, with each tranche not exceeding ₹5,000 crore. This move is part of the bank's strategy to support key sectors of the economy and aligns with national priorities for development in infrastructure and housing.

Read the Full Business Line Article at:
https://www.thehindubusinessline.com/money-and-banking/bank-of-baroda-approves-10000-crore-bond-issuance-for-infrastructure-and-affordable-housing/article69000918.ece