Power Finance not to extend open offer to REC’s minority holders

  Power Finance Corp said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd. There has been no finalisation on the deal value, the non-banking finance company said. The Indian government had approved a plan in December by one state-owned lender to the power industry, Power Finance, to buy a majority stake in a similar government-controlled lender, REC Ltd.

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Repco Home Finance plunges 10% despite robust Q3 numbers

  Shares of Repco Home Financedeclined 10 percent intraday Thursday despite company posted robust numbers for the quarter ended December 2018. The company has reported 31 percent jump in its Q3 net profit to Rs 55.64 crore versus Rs 42.42 crore in the same quarter last fiscal. Revenue jumped 11 percent to Rs 304 crore versus Rs 274 crore. The loans sanctions surged to Rs 805.2 crore, while loans disbursements surged 12 percent to Rs 733.2 crore. The net interest margins and interest spread stood at 4.4% and 3.0% respectively. At…

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10 Tips for Better Tax Planning and Savings in India

Tax is an inevitable occurrence in every professional’s life. No matter how much we intend to save it, it is never enough. Paying taxes is the duty of every responsible citizen, but the sheer complexities in the tax exemption sections, documentation, and submission of proofs have made this a dreaded process. Paying lump sum taxes is definitely stressful and you need to look for avenues how you can reduce your tax liability. Listed below are the most popular tax-saving investment ideas that will enable you for better tax planning in…

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Income Tax rules for AY, FY 2019-20: Nine Finance Bill 2019 power points put more money in your pocket

  Income Tax rules change: The Finance Bill 2019 mentions several changes to the Income Tax Act. These will come into effect when the Bill gets the approval of the parliament. The finance bill says that the existing rates of the income tax for the financial year 2019-20 have been continued. But relief has been provided to the taxpayers through certain amendments. These changes will put more money in the hands of individual taxpayers and help improve their lives. Take a look: 1. Income Tax standard deduction limit raise: The…

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A Simple Guide to Bridge Loans

You know why a bridge is used? It is a device that allows people or vehicles to cross an obstacle such as a river or canal or railway etc. In short, it bridges the gap. A bridge loan is just that. It is a short-term loan that allows the borrower to fill the gap that exists between the lack of money and a payment. Here, the borrower can get a short-term loan to meet his or her short-term money requirements. As Wikipedia explains it – “A bridge loan is interim financing…

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How to Handle the Expectations of the Stakeholder Properly?

The important part of the project management is doing what remains mandatory to the project and to the individuals that are concerned with the project. Everyone does a mistake. This is not a problem but one must have to understand his or her mistake and have to correct it. This helps more in the profession. If you did any mistakes in your management or in your work, first look into the reason for the mistake. Then try to correct it in the future works. As you all know that, stakeholders…

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5 necessary reasons hiring a moving company is financially reasonable

Are you in a dilemma if hiring a moving company would be fruitful in the long run or would only unnecessarily cost you some extra bucks? This is quite normal when you have already invested a large sum of money in designing your new house and now spending on shifting your entire items will only add to your expenditure. Perhaps, you didn’t think from this perspective that if you tried to handle the stuff that is heavy or made of glass i.e. prone to get damaged easily yourself, you might…

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How RPA for Financial Services Work

Robotic Process Automation is emerging as a serious option that should be in the books of top-level financial executives. It has proven its worth in other enterprises and it is starting to show its benefits in the financial sector as well. But what is RPA? In simple terms, Robotic Process Automation (RPA) or “automation” describes logic driven robots that execute pre-programmed rules on mostly structured and some unstructured data. At digital labor’s highest end, robots can learn from prior decisions and data patterns to make decisions by themselves. In short,…

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5 Effective Tips For Being A Successful Mortgage Broker

So, you want to be a successful mortgage broker then? Good on you. You are on the ship that sails through ups and downs to the island of success. Mortgage Brokers are the people who are responsible for creating the bridge between a lender/bank and a borrower. To be more descriptive – He/she is an independent financing professional who specializes in the organization of residential and/​or commercial mortgages. But you already know that. You may have heard people call out that being a mortgage broker is a game of good…

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Business 101: Simple Strategies And Systems That Can Facilitate Your Organization’s Growth

Entrepreneurs, corporate leaders, and business owners who are interested in attaining phenomenal levels of success should know that there are multiple ways that they can make company growth a real thing. Below you’ll find just a few of many strategies and systems you can utilize to facilitate your organization’s perpetual expansion: 1. Implement Networking Strategies. One of the best ways to make organizational growth real for your organization is by implementing networking strategies. These strategies will empower you to meet new people who may eventually become your clients, employees, or…

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