• Wed, December 18, 2024

by: The Financial Express

Shriram Finance raises offshore loan for $1.28 billion

Apart from Kotak Mahindra Bank, banks and global financial institutions such as DBS Bank, First Abu Dhabi Bank, HSBC, International Finance Corporation, MUFG Bank, Standard Chartered Bank, SMBC acted as global coordinators.

by: Business Insider

This couple holds an annual 'goals meeting.' In 2024, they saved 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: 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: 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: MSN

Business Owners Giddy as Trump Returns to the White House

by: AOL

Whole Foods Workers Start First Union: How This Could Impact Your Grocery Prices

Whole Foods employees at a Philadelphia branch of the multinational supermarket chain -- known for selling products free from such additives as hydrogenated fats and

by: CIO

Is SaaS dead? Not quite, but it's evolving rapidly

Buyers are consolidating, pricing and delivery models are shifting, and AI is (of course) having a major impact, but vendors aligned with customer value will survive - and thrive.

by: Couriermail

Protesters clash with ANZ over its climate and military funding

Protesters from the pro-Palestine, climate and environment movements are angry over the bank's financial ties to the world's largest weapons company, Lockheed Martin. According to the protesters, ANZ helped facilitate more than $US23bn ($A37bn) worth of bond financing for Lockheed Martin.

by: WBUR

Boston City Councilor Fernandes Anderson has a trail of troubled finances

Public records show the councilor's campaign committee received nearly 70 audit letters and reviews in her file seeking documentation of financial transactions since 2021, far more than is typical.

by: Thailand Business News

Green finance in ASEAN+3: balancing sustainability and financial stability

ASEAN+3 is intensifying its commitment to green finance, marking a significant step in the fight against climate change.

by: moneycontrol.com

How does a weak rupee and a strong dollar shaping India's economy?

2. Companies borrowing in dollars Here's a double whammy. Companies that borrowed in dollars now owe more in rupees. If a business took out a loan when $1 was Rs 83, they now need Rs 84.4 to pay back the same amount. India's external debt hit $682 ...

by: Business Today

'And I'm still an economic offender...': ?14,131.6 cr recovery by FM Sitharaman is 'double my debt', says Vijay Mallya

Mallya's response came after Finance Minister Nirmala Sitharaman informed the Lok Sabha that public sector banks have recovered ₹14,131.6 crore from the sale of his assets. This recovery is part of a larger drive by the Enforcement Directorate (ED ...

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.
  • Thu, December 19, 2024

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'

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: 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: 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: 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 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: 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: 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: 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: 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: 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: The Motley Fool

Is Advanced Micro Devices Stock Heading for $200 in 2025?

Shares of Advanced Micro Devices ( AMD -2.89%) surged to new highs at the beginning of 2024, but mixed business performance across the company's operating segments has weighed on the stock for most of the year. After reaching a high of $227, the shares are down 44% year to date at the time of writing.

by: Euromoney

Banking leaders double down on sustainability

Economic uncertainty caused by geopolitical turmoil, such as the Ukrainian or the Middle East conflicts, have changed perceptions of sustainability and ESG in some parts of the asset management and banking industries.

by: inc42

Blinkit Ropes In Former Flipkart Executive As CFO

Zomato-owned quick commerce platform Blinkit has roped in Vipin Kapooria as the company's new chief financial officer (CFO)

by: devdiscourse

Global Insurers Join Forces with IFC to Create Jobs, Drive Growth, and Enhance Sustainability

With this latest program, IFC's MCPP platform—an initiative that mobilizes private capital for development finance—has surpassed $19 billion in total capacity.

by: Channel NewsAsia Singapore

'We are very sorry': Government 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: 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: 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: Business Line

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

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: 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: 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: Seeking Alpha

SS&C: Significant Upside For This Undervalued Stock

SS&C Technologies is a strong investment opportunity with significant growth potential in financial and healthcare services. Explore more details here.

by: Seeking Alpha

Rocket Companies: Strong Bearish Trend And Weak Market Sentiments

Rocket Companies' financial performance is poor, with declining revenue, negative earnings, and inability to cover opex. Read why RKT stock is a Sell.

by: Forbes

How Overseas Conflicts Impact Trade Finance

Trade finance is the backbone of world trade and is thus closely linked to geopolitical stability. In today's interconnected world, regional conflicts have ripple effects that extend beyond national borders, creating a dent in international trade and economic equilibrium.

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: 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: Yahoo Finance

TOPPAN to acquire Sonoco TFP business in US for $1.8bn

TOPPAN Holdings has reached an agreement to acquire Sonoco Products Company's Thermoformed & Flexible Packaging (TFP) business in the US for $1.8bn on a cash-free and debt-free basis. The deal is expected to enhance TOPPAN's global packaging operations by integrating TFP's extensive customer base and solution development capabilities.

by: Yahoo Finance

Here's Billionaire Investor Bill Ackman's Favorite Artificial Intelligence (AI) Stock -- and Why It's a No-Brainer Buy for 2025

Bill Ackman is outspoken. Two of them focus on AI -- and they belong to the same company -- Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). At the end of the third quarter of 2024, Pershing Square owned 7.55 million Alphabet Class C shares and 3.

by: MSN

XRP 2025 Predictions: Can Ripple's Crypto Double in Value Next Year?

XRP was falling early Thursday, down 6.2% over the last 24 hours to $2.42, after the Federal Reserve hinted at an easing of the monetary cutting cycle next year. Other cryptos lik

by: MSN

Streamline Health Solutions, Inc. (NASDAQ:STRM) Q3 2024 Earnings Call Transcript

Q3 2024 Earnings Call Transcript December 17, 2024 Operator: Greetings. Welcome to Streamline Health Solutions Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

by: Yahoo Finance

Popular restaurant and wedding venue collapses in cost-of-living battle

Failed to fetch dynamically imported module: https://au.finance.yahoo.com/assets/_app/immutable/nodes/2.DFAxXzO-.js

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: MSN

Jim Cramer on Alcoa Corporation (AA): 'I Have To Go With The Crowd And Say, Not Now'

We recently compiled a list of the Jim Cramer's Lightning Round: 7 Stocks to Watch. In this article, we are going to take a look at where Alcoa Corporation (NYSE:AA) stands against the other stocks to watch.

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.

Shriram Finance raises offshore loan for $1.28 billion

Apart from Kotak Mahindra Bank, banks and global financial institutions such as DBS Bank, First Abu Dhabi Bank, HSBC, International Finance Corporation, MUFG Bank, Standard Chartered Bank, SMBC acted as global coordinators.
Shriram Finance has secured an offshore loan amounting to $1.28 billion, which includes a $150 million loan from HSBC, $100 million from Bank of Baroda's IFSC unit, and $75 million from Union Bank of India's Sydney branch. This funding is part of a broader strategy to diversify its funding sources and manage its asset-liability balance. The loans are structured with a three-year term and a one-year grace period, aimed at supporting the company's growth and operational needs. This move also reflects Shriram Finance's proactive approach in tapping into international markets for capital, amidst a backdrop of increasing demand for credit in India.

Read the Full The Financial Express Article at:
https://www.financialexpress.com/business/banking-finance-shriram-finance-raises-offshore-loan-for-1-28-billion-3694809/

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