Money News

Punjab finance minister 'engineered' fake loan waiver scheme: SAD

The SAD-BJP alliance on Saturday accused Punjab finance minister Manpreet Singh Badal of engineering a fake loan waiver scheme which does not give any relief to the poor farmers. The alliance leaders asked him to explain why he had played a “cruel ...and more »

The Newly Powerful CFO: 4 Finance Chiefs to Watch

Think of Jeffrey Bezos at Amazon.com, Jamie Dimon at JPMorgan Chase, and especially Warren Buffett, indistinguishable in many minds from Berkshire Hathaway, the one-of-a-kind conglomerate he built and runs. Chief financial officers traditionally have ...

Ambit Capital remains negative on pricey housing finance cos

MUMBAI: Brokerage firm Ambit Capital on Friday reiterated its negative stance on shares of housing finance companies (HFCs)--HDFC and LIC Housing Finance--citing sluggish earnings growth amidst increasing proportions of riskier loans.Shares of LIC ...