Consumer finance focus can bring SoftBank to Piramal – Economic Times

Consumer finance focus can bring SoftBank to Piramal – Economic Times

MUMBAI: A potential investment by Japanese multinational conglomerate SoftBank into the financial services arm of the Piramal Group will likely depend on the Indian company’s willingness to aggressively move into the consumer finance segment away from its current wholesale focus, two people in the know of the matter said. Billionaire industrialist Ajay Piramal has held […]

Ex-CEO of Hello Taxi alleges multi-crore financial fraud by promoters – Livemint

Ex-CEO of Hello Taxi alleges multi-crore financial fraud by promoters – Livemint

New Delhi: A month after the first information report (FIR) was filed by a complainant against Hello Taxi, its officials and promoters, now former CEO of the cab aggregator company has also come out alleging financial anomalies by the promoters of the firm. Senior officials of ‘Hello Taxi’ including former CEO Saroj Mahapatra have alleged […]

Asian stocks nudge higher on China economic data – Financial Times

Asian stocks nudge higher on China economic data – Financial Times

Global stocks edged up on Monday after growth data from China met expectations. Although the country’s rate of quarterly expansion was its slowest in 27 years at 6.2 per cent, there was relief that the trade dispute with the US did not take a deeper toll on the data. The CSI 300 index of Shanghai […]

Zambian president removes finance minister, appoints central bank deputy governor – Reuters

Zambian president removes finance minister, appoints central bank deputy governor – Reuters

LUSAKA (Reuters) – Zambia’s president has appointed central bank deputy governor Bwalya Ng’andu as finance minister, taking over from Margaret Mwanakatwe who has been fired, a statement from the president’s office said. President Edgar Lungu’s spokesman Isaac Chipampe said in the statement on Sunday night that Ng’andu would be sworn in on Monday morning. Ng’andu […]

Yahoo Finance's morning wrap for Monday – Yahoo Finance

Yahoo Finance's morning wrap for Monday – Yahoo Finance

Good morning. Markets: Wall Street hit record highs over the weekend as expectations of a US interest rate cut drove investors to seek returns on shares. Dow Jones was up 0.90 per cent, the S&P500 finished 0.46 per cent in the black and NASDAQ went north 0.59 per cent. Despite this, SPI200 futures are indicating […]

In Depth: Camsing Fraud Allegations Spotlight Supply-Chain Finance – Caixin Global

In Depth: Camsing Fraud Allegations Spotlight Supply-Chain Finance – Caixin Global

Until last week, Hong Kong businesswoman Lo Ching largely flew under the radar as she built her Camsing Global business conglomerate on a murky web of financing involving billions of yuan, including accounts receivable of e-commerce giants JD.com and Suning.com. The 48-year-old businesswoman came under the spotlight when two listed companies she controls confirmed her […]