Finance Industry

IndoStar Capital Finance Ltd (INAC.NS) Key Developments

<!– India’s Indostar Capital Finance June-Qtr PAT Falls –> <!– –> Friday, 10 Aug 2018 06:51am EDT  Aug 10 (Reuters) – IndoStar Capital Finance Ltd ::JUNE QUARTER PAT 378.3 MILLION RUPEES VERSUS PROFIT 519.1 MILLION RUPEES YEAR AGO.JUNE QUARTER REVENUE FROM OPERATIONS 2.26 BILLION RUPEES VERSUS 1.81 BILLION RUPEES YEAR AGO.  Source link

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Mansi Finance Chennai Ltd posts Q1FY19 net profit of Rs. 0.38 crore

MANSI FINANCE (CHENNAI) LTD. has reported financial results for the period ended June 30, 2018. The company has reported net sales of Rs.1.42 crores during the 3 months period ended June 30, 2018 as compared to Rs.1.91 crores during the 3 months period ended June 30, 2017. The company has posted net profit of Rs.0.38 crores for the 3 months period ended June 30, 2018 as against Rs.0.48 crores for the 3 months period ended June 30, 2017. The company…

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Turkey’s Financial Crisis Surprised Many. Except This Analyst.

Today, according to the Institute of International Finance, a banking trade group, corporate debt in foreign currencies is $5.5 trillion, the most ever. And Turkey relies on such foreign-currency debt more than any other major emerging market. Corporate, financial and other debt denominated in foreign currencies, mostly dollars, represents about 70 percent of Turkey’s economy, according to the I.I.F. Turkish companies and real estate developers used borrowed dollars to pay for new factories, shopping malls and the skyscrapers that now…

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Turkey shaken by financial fears; Trump rattles it further

<![CDATA[ ]]> August 11, 2018 at 12:00a.m. Associated Press ANKARA, TURKEY A financial shockwave ripped through Turkey on Friday, when its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. The lira tumbled 14 percent in one day, to 6.51 per dollar, a massive move for a currency that will make the Turkish poorer and further erode international investors’…

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Marcus & Millichap Hires President for Finance Operation

Calabasas-based real estate brokerage Marcus & Millichap Inc. has hired David Shillington as the new president of its finance subsidiary, Marcus & Millichap Capital Corp. “I am pleased to welcome Dave as the president of MMCC,” said Marcus & Millichap Chief Executive Hessam Nadji in a statement. “Dave’s 30-plus years of experience and diverse background in commercial real estate finance are well-aligned with our vision for MMCC and its growth plan. Based on Dave’s history, we have great confidence in…

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Benedictine College creates Byron G. Thompson Center for Integrity in Finance and Economics

Country Club Bank CEO Paul Thompson and Benedictine College President Stephen D. Minnis stand before a portrait of Byron G. Thompson at the newly dedicated Center for Integrity in Finance and Economics named for him. (photo courtesy of Benedictine College) KANSAS CITY, MO. – Benedictine College and the Thompson family are pleased to announce the creation of the Byron G. Thompson Center for Integrity in Finance and Economics at its main campus in Atchison, KS. Officially dedicated on Byron Thompson’s…

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Financial consultant earns Forbes honor

EDWARDSVILLE | Mark Meredith, a financial consultant with TheBANK of Edwardsville’s Wealth Management department, was recently named to the Forbes 2018 Top Next-Generation Wealth Advisors list — a list of 1,000 young, talented advisers across the nation who represent the future of the wealth management industry. “It’s an honor to be named by Forbes as one of the top financial advisers of the next generation,” the 29-year-old Meredith said. “TheBANK showed a lot of faith in me when it hired…

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WSFS Financial Corp (WSFS) Trading Near $49.55 Support Level

WSFS Financial Corp (WSFS) Trading Near $49.55 Support Level Aug 10, 2018 (Marketintelligencecenter.com via COMTEX) — After Aug 9, 2018aEUR(TM)s trading in WSFS Financial Corp (<a href=”http://www.marketintelligencecenter.com/symbol/WSFS”>WSFS</a>) the algorithms behind MarketIntelligenceCenter.com’s Artifical Intelligence Center picked out a trade that offers a 2.14% or 3.60% (for comparison purposes only), while providing 2.97% downside protection. The trade is a Mar 15, 2019 covered call at the $50 level for a net debit of about $48.95. The net debit is also the breakeven…

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Employee financial wellness is smart business

August 10, 2018 12:01 a.m. Workers stressed about their finances don’t get as much done Christine Curella and Justine Zinkin Photo: Centro Gel/Flickr To continue reading this story, please choose an option below. Get Crain’s Daily Alert Sign up for our FREE daily email newsletter. A summary of the day’s top business and political headlines from the newsroom of Crain’s New York Business. More Newsletters › …

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Brighthouse Financial Inc (BHF) Showing Support Near $41.87

Brighthouse Financial Inc (BHF) Showing Support Near $41.87 Aug 10, 2018 (Marketintelligencecenter.com via COMTEX) — After Aug 9, 2018aEUR(TM)s trading in Brighthouse Financial Inc (<a href=”http://www.marketintelligencecenter.com/symbol/BHF”>BHF</a>) the option-trade picking algorithms that power MarketIntelligenceCenter.com’s Artificial Intelligence Center uncovered a trade that offers a 5.42% return, or 20.22% annualized (for comparison purposes only), while providing 11.02% downside protection. The trade is a Nov 16, 2018 covered call at the $40 level for a net debit of about $37.93. The net debit is…

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Brexit uncertainty is depressing UK growth – finance…

Brexit uncertainty is depressing UK growth – finance minister By Reuters Published: 07:38 EDT, 10 August 2018 | Updated: 07:38 EDT, 10 August 2018 LONDON, Aug 10 (Reuters) – Uncertainty over Brexit is depressing economic growth in Britain, finance minister Philip Hammond said on Friday after official data showed lacklustre year-on-year expansion. “Clearly that uncertainty is having a depressing effect on economic growth,” Hammond told broadcasters during a trip to central England to announce 780 million pounds ($996 million)of public…

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CapMan’s board decides on new dividend policy; updates long-term financial objectives

CapMan Oyj (HEL: CAPMAN), a Nordic private asset company, reported on Thursday the decision by its board of directors of a new dividend policy. Reportedly, the company’s objective is to pay an annually increasing dividend to its shareholders. This objective is supported by the company’s strong financial position and solid balance sheet. According to CapMan, it has increased its dividend per share every year since 2012. CapMan’s prior objective was to pay at least 75% of earnings per share as…

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Affordable housing to be a major demand driver for housing finance in future: Khushru Jijina, Piramal Capital & Housing Finance

“With more than 50% of the launches over the last one year in the affordable category, housing finance companies have already started to focus on creating customized products for eligible end users” The real estate market has become more structured and accountable owing to the introduction of RERA and GST. This has slowed down primary sales over the past few quarters as end users have become a lot more selective. However, despite this temporary slowdown, the demand for housing finance…

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Alaskans may soon be able to finance energy improvements through their utility bills

In late July, Governor Walker signed HB 374 into law at the home of Karl Kassel, mayor of the Fairbanks North Star Borough. The new law will enable utilities to finance energy improvements for customers by adding line items to their utility bills. (Photo Courtesy of Representative Adam Wool’s office). Utility companies will soon be able to loan customers money for energy efficiency upgrades and renewable energy systems by tacking on a charge to their monthly utility bill. It’s a…

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Macomb Academy abruptly closes doors for adults with special needs

CLINTON TOWNSHIP, Mich. (WXYZ) – Parents and students a part of the Macomb Academy are now left looking for a new school three weeks before the start of the school year after officials at the school announced it would be closing.  “Really sad to not see my friends,” said Kelsey Wisz.  23-year-old Wisz has been attending the Macomb Academy for the past four years, now her future is uncertain.  “I don’t understand how the school board can do this to our…

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