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PM Modi is anaconda who is swallowing CBI, RBI: Andhra Pradesh finance minister

PM Modi is anaconda who is swallowing CBI, RBI: Andhra Pradesh finance minister

Setting another low benchmark for political discourse in the country, Andhra Pradesh Finance Minister Yanamala Rama Krishnudu has called Prime Minister Narendra Modi an ‘anaconda’. “Who can be a bigger anaconda than Narendra Modi?” Krishnudu asked. Drawing the anaconda analogy, he accused the prime minister of having “swallowed all institutions” in the country. “He is […]

Are You Smarter About Personal Finance Than Your Fellow Americans? Answer These 4 Questions to Find Out

Are You Smarter About Personal Finance Than Your Fellow Americans? Answer These 4 Questions to Find Out

There’s a lot to know about your money. Unfortunately, many Americans don’t know some of the basics that are important to making sound financial decisions. In fact, the Federal Reserve reported recently on how well Americans did when answering four basic financial literacy questions — and there were a surprising number of incorrect answers. Can […]

Existing Equitas Holdings shareholders to get 60% ownership in Equitas Small Finance Bank

Existing Equitas Holdings shareholders to get 60% ownership in Equitas Small Finance Bank

MUMBAI: Equitas Holdings, is planning to offer 60% ownership of Equitas Small Finance Bank to its existing shareholders so that there would be no dilution in shareholders value. “That’s the intent,” said PN Vasudevan, managing director of the bank. “We have created a committee to work out a Scheme of Arrangement and Reconstruction,” he said. […]

An easier way to make a finance complaint

An easier way to make a finance complaint

Today marks day one for David Locke, the Chief Ombudsman of the Australian Financial Complaints Authority (AFCA).  Mr Locke says AFCA was established to help consumers and small businesses resolve a complaint about a financial product or service for free. “It could be about credit or investments, financial advice that’s been received, or it could […]

Ousting Owens? Process starts to replace finance director

Ousting Owens? Process starts to replace finance director

The newly reformed Claiborne Finance Committee met in special session on Oct. 30 primarily to hash out whether to kick-start a move to oust Claiborne Finance Director Sam Owens. Six of the seven committee members voted in favor of handing the issue to the full Claiborne Commission during its next regular monthly meeting. Road superintendent […]

India's finance minister Arun Jaitley criticises RBI for lending excess

India's finance minister Arun Jaitley criticises RBI for lending excess

Finance Minister Arun Jaitley Tuesday criticised the Reserve Bank of India for failing to check indiscriminate lending during 2008 and 2014 that has led to the present bad loan or NPA crisis in the banking industry. The remarks came amid reports of mounting tension between the finance ministry and the RBI over the autonomy of […]

Esposito: Opponent for Portage auditor's finance report missing

Esposito: Opponent for Portage auditor's finance report missing

A week before the election, a candidate is being criticized by his opponent over a missing campaign finance report. Portage County Auditor Janet Esposito said her opponent, Lis Kenneth Regula, failed to turn in his pre-general election campaign finance report, which was due Oct. 25. Regula, a Democrat, is challenging Esposito, a Republican, for the […]

Zur Rose proposes 200 mln Sfr capital hike to finance medpex deal

Zur Rose proposes 200 mln Sfr capital hike to finance medpex deal

ZURICH, Oct 29 (Reuters) – Swiss online pharmacy Zur Rose Group said it was proposing an ordinary capital increase of 200 million Swiss francs ($200.36 million) to finance its recently announced acquisition of the mail-order activities of German peer medpex. Shareholders will vote on the proposal to issue up to three million new shares at […]

FINANCE IN A NUTSHELL: Investment advisors and financial planners are not the same

FINANCE IN A NUTSHELL: Investment advisors and financial planners are not the same

As the economy improves, people are seeking financial direction. A recurring question concerns the difference between investment advisors and financial planners. Knowing the distinctions can guide a person to the best choice for their needs. For starters, before hiring any financial professional, identify the services you require, and compare them to those offered. Sometimes there […]

A powerful bullish force could soon bolster the stock market

A powerful bullish force could soon bolster the stock market

A badly wounded market is eagerly awaiting the return of its trusted friend to hopefully save the day, Mr. Stock Buyback. With next week seeing a peak number of companies announcing third quarter earnings and considering we are more than half way through the reporting period, stock buyback “blackout” periods will begin to lift. As […]