Thu, December 19, 2024

by: Jakarta Globe

Bahlil Blames Aggressive Tax Rules for Low Oil and Gas Exploration

by: Fox Business

Will a government shutdown impact the stock market? Experts weigh in

As Congress scrambles to avert a potential partial government shutdown before Friday's deadline, investment experts weigh in on how much a shutdown could impact the markets.

by: Variety

Music Industry Moves: Avex USA Names Ryusuke Kamada CFO

Avex USA has named Ryusuke Kamada its new CFO; Luke Armitage has joined Warner Records as senior VP of global marketing.

by: The Daily Dot

'Can they send a repo guy and take it away from me?': Customer finances car. Then they check remaining balance

"I want my car and I never wanted to sell it," they said. "But now once the dealership receives the title, can they send a repo guy and take it away from me?" In a series of follow-up comments, u/Maybe_Separate said that they had issues requesting a duplicate title from their local DMV.

by: Business Insider

Best No-Penalty CD Rates for December 2024: Savings Growth with Flexibility

Nunnally Honors Research Award for their senior thesis.Outside personal finance, Kit enjoys reading, film, video games, and cross stitching. They are based in the DC area.

by: fingerlakes1

Does Your Company Need a Corporate Cryptocurrency Account: Pros and Cons

If your company deals with international transactions, wants to attract crypto clients, or aims to diversify its financial strategy, opening a corporate crypto account could be a game-changer. However, also be mindful of the risks. Start small, educate your team, and work with trusted providers to minimize risks.

by: Access WDUN

Nigerians press for solar jobs and electricity, with little success

BAKU, Azerbaijan (AP) — In sun-drenched Nigeria, 14 new solar farms were supposed to jumpstart a meager solar industry and generate huge amounts of power, about one-fifth as much as the country's entire electric grid offers on a good day.

by: WBIW

DeKalb County teacher surprised with $25,000 Milken Educator Award

by: Raleigh News & Observer

American College of Education Announces Launch of Redesigned MBA Program

A champion for high-quality, return on investment-driven online education, ACE now offers a redesigned MBA program - one of the most affordable in the country - that can be completed in as little as 12 months*.

by: CBS News

How to get a low student loan rate for the spring 2025 semester

Choosing the wrong student loan (with the wrong rate) could cost you a lot more than you bargained for. . With the fall semester coming to an end and the spring semes

by: Pensions&Investments

Private credit looks to consumers, infrastructure for next stage

ABF allows private credit investors — insurers, pensions and others — to provide investment-grade equivalent loans but see more yield, given the direct origination and illiquidity of deals. This "hunt for yield" is expected to continue and investors can "get paid above a regular-way investment-grade bond," said KKR's Pietrzak.

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: 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: 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: 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: 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: 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: 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: 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: 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: 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: Yahoo Finance

Experts' comments on talks between Honda and Nissan to deepen ties

Honda's cash flow is set to deteriorate next year and its EVs haven't been going so well. Honda itself needs to change drastically. If these are made easier by a setting up a holding company (with Nissan),

by: Business Line

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

by: Business Standard

JAIN (Deemed-to-be-University): Your Pathway to a Global Career in International Finance and Accounting with ACCA

A Globally Integrated Program with ACCA Accreditation The BCom Hons International Accounting and Finance program offered by JAIN (Deemed-to-be University) seamlessly integrates core business principles with the globally recognized Association of Chartered ...

by: MSN

Ryder taps 20-year veteran as next CFO. Here's how the Fortune 500 company develops top talent

Ryder System, Inc.'s talent development includes preparing its longtime executives for different C-suite roles. That includes Cristina Gallo-Aquino, SVP, controller, and principal accounting officer at the transportation and logistics company who is taking on the role of EVP and CFO.

by: The New York Times

Is Elon Musk a National Security Risk?

Federal agencies are reviewing whether the tech mogul and ally of Donald Trump complied with disclosure rules meant to protect states secrets.

by: Reuters

ECB proposes EU scheme to expand climate insurance uptake

Europe's businesses and homes need to increase their insurance cover to better withstand climate catastrophes, the European Central Bank and the EU's insurance regulator said on Wednesday as they proposed policies that could boost uptake.

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

Veefin Group of Companies has raised ₹136 crore in a recent funding round. It has also announced that it is set to raise a further ₹155 crore in its next funding round in FY25. The fund, raised from capital market investors, will be primarily focused on fostering growth, scaling its products and expanding its footprint.

Veefin Solutions, a Mumbai-based fintech company specializing in digital lending and supply chain finance, has raised Rs 136 crore in a funding round led by investors including Oister Global, with participation from existing investors like Accel and Quona Capital. The company plans to utilize these funds to enhance its product offerings, expand its market presence, and invest in technology development. Additionally, Veefin aims to raise another Rs 155 crore in FY25 to further fuel its growth and expansion, focusing on both domestic and international markets. This funding will support Veefin's strategy to become a leading player in the supply chain finance sector by improving its technological capabilities and extending its reach.

Read the Full Business Line Article at:
https://www.thehindubusinessline.com/companies/veefin-group-raises-rs-136-crore-in-funding-plans-to-raise-rs-155-crore-in-fy25-for-growth-and-expansion/article69004193.ece