Finance News

India’s finance ministry has announced that non-resident investors in unlisted Indian start-ups from 21 countries, including the UK, US and France, will not fall under the country’s angel tax legislation. The list does not include Singapore, Netherlands or Mauritius. Overseas investment in unlisted privately held companies was brought under the Angel Tax net in the Indian Budget in 2019, and required that the investor be registered as a DPIIT-recognised start-up. The CBDT also indicated that valuation guidelines for unrecognised start-ups are likely to be introduced.

About 85% of First Republic's roughly 7,000 employees have been given full-time or transitional roles at the larger JPMorgan Chase bank.

Blackstone is looking to fill the gap left by regional banks that are considering tightening their lending capabilities.

In FY23, the transportation, organised retail, and BFSI sectors observed average annual increases of 36.89%, 14.44%, and 5.6% in cash collection per retail cash management (RCM) point, respectively. Notably, the transportation sector demonstrated 1.38 times higher average cash collection per RCM point, indicating the reopening of the economy post the Covid-19 pandemic.

There's lots of talk about how AI will impact big banks, but finance firms still haven't figured out how to retain the talent needed for the work.

Markets regulator Sebi on Wednesday proposed that AIF (alternative investment fund) investors should not be given any differential treatment, which a...

The Reserve Bank of India (RBI) governor, Shaktikanta Das, has stated that while inflation has moderated, there can be no complacency on controlling it. Speaking at a Confederation of Indian Industry event, Das also expressed caution regarding the potential negative impact of the El Nino weather phenomenon. While the record rate of interest increases from the RBI, which totalled 250 basis points since May 2022, has paused, Das suggested he is uncertain over the timing of the next such change.

India's commerce and industry Minister Piyush Goyal has stated that the country is in a position to meet all requirements even in any worst-case scenario in the next 5-6 years, due to its strong foreign exchange reserves of over $599.5bn. He added that no other developing country in the world is in such a "sweet spot" and suggested the industry focuses on quality, innovation and skilled manpower. On exports, Goyal suggested industry expand markets with an open mind and engage with the world for it to achieve its target of $2tn worth of goods and services exports by 2030.

Tech is disrupting all parts of media and entertainment, and investors are rushing to cash in.

JPMorgan's Jamie Dimon used a question about the bank's succession plans to talk about what makes for a good leader.

The Reserve Bank of India (RBI) on Friday said that it intends to pull ₹2,000 banknotes from circulation, and gave people four months to either exchange or deposit them at banks. The ₹2,000 notes were introduced in 2017, after the Government of India went in for demonetization of ₹500 and ₹1,000 notes in November 2016. These notes have served their purpose, said RBI governor Shaktikanta Das in a statement on Monday, and assured people not to rush to banks.

We mapped out 17 of the best equity research analysts who are age 35 and under as they navigate a rocky market.

The calculator plays on the same tropes that have been plaguing millennials for years: Stop buying coffee and all your financial woes will be solved.

After Singapore's integration in the UPI network, Japan is also considering a similar move. In an interview, Japan's Minister for Digital Transformation has said that Japan is "seriously thinking about joining the Indian UPI payments system".

The Reserve Bank of India (RBI) last week announced that it is withdrawing the ₹2,000 notes from circulation. However, unlike during the 2016 demonetisation, the central bank has provided ample time to get the notes exchanged. The news of the withdrawal of the notes is generating a lot of misinformation that is being spread on social media platforms and messaging applications. In this article, we help dispel some of these misconceptions and tell you how you can exchange your ₹2,000 notes.

The Reserve Bank of India (RBI) governor Shaktikanta Das on Monday allayed fears regarding the central bank’s decision to pull ₹2,000 banknotes out of circulation. Calling its decision, announced on late Friday, a currency management operation of the RBI, Das said he does not see people rushing to banks to exchange or deposit these notes.

Bankers working out of the office were about five times more likely to trigger a financial misconduct alert than remote colleagues, a study said.

The First Republic takeover could help JPMorgan develop its nascent wealth-management business, The Wall Street Journal reported.

The decision of the Reserve Bank of India (RBI) to withdraw Rs 2,000 denomination banknotes from circulation will not have any major impact on gold demand and also on the rupee value, an expert said on Saturday.

Since Wells Fargo folded Abbot Downing in late 2020, advisors to the bank's richest clients have left en masse. Here's how it might have been different.

The Reserve Bank of India (RBI) on Friday announced the withdrawal of ₹2,000 currency notes from circulation, but said that they will continue to be legal tender. People possessing these notes can deposit them in their bank accounts or get them exchanged from May 23 to September 30, the central bank said in a statement. The RBI has also advised banks to stop issuing ₹2,000 denomination banknotes with immediate effect. About 89% of the ₹2,000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life-span of 4-5 years.

Some of the biggest hedge fund managers have talked to Insider about what it takes to join their ranks. Here's what we know.