Category: Finance

LendInvest raises $39.5M to grow its P2P property finance platform

Loknath Das

A cloud hangs over the UK housing market as the UK government stumbles slowly through its negotiations to leave the European Union. But startups that are bringing innovative twists to housing finance seem to be singing a different tune. Today, LendInvest, a peer-to-peer platform that connects property buyers in the UK with people willing to finance those purchases (bypassing traditional mortgage lending infrastructure in the process), announced that it has raised around $39.5 million (around £30.5 million) in a Series C round of funding led by existing investor Atomico, which participation also from GP Bullhound…

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Buy Reliance Home Finance; target of Rs 91: Cholamandalam Securities

Loknath Das

RELHF’s loan book grew by 26% YoY to INR 156.4bn (lower than CSEC’s estimate of 47%). However, the book declined by 4.5% sequentially. Growth in AUM came predominantly from Construction finance and individual loans segments which grew by 25% and 21% YoY respectively. The management expects its AUM to grow by 45% CAGR over FY19-21E. Self employed segment, being the niche area for the company, continued to constitute 75% of Home loan disbursements in 1QFY19. Adding to the de-growth in loan book, the company also saw a 30bps (QoQ) dip…

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Family Finance: Why Joshis have enough time to build sufficient corpus for all financial goals

Loknath Das

Early start to planning by Hyderabad-based Joshis will help them build sufficient corpus for all goals. Himanshu and Neha Joshi are IT professionals staying in Hyderabad with their four year-old child. They get a combined monthly salary of Rs 1.9 lakh and, after expenses and investment, are left with a surplus of Rs 10,108. They have already bought a house worth Rs 72 lakh, for which they are paying an EMI of Rs 45,000. They are also servicing a car loan of Rs 3.2 lakh with an EMI of Rs…

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Five tips for trading on the global market

admin

Expanding your trading activities into the global marketplace gives you many more options and theoretically gives you a much better chance of trading success. In practice however, many people find it overwhelming. It’s impossible to keep track of everything that’s going on and it can be difficult to know where to begin with developing your global trading strategy. These five tips will help. Shape up your geography There are differing periods of downtime in the stock exchanges of different countries which you will need to be familiar with if you’re…

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85% of Small Business Owners Say They’re Living the Dream

Loknath Das

“The American Dream” is a concept that can vary from person to person and seem almost impossible to really achieve. However, the vast majority of small business owners seem to feel that they’ve already reached that lofty goal. American Dream Statistics According to recent findings from Kabbage, a financial services and data platform, 85 percent of small business owners believe that being your own boss and owning a business is achieving the American Dream. In addition, 84 percent said they hope their children will also one day become small business owners. The…

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Reactions Mixed on Trump’s Trade Assistance for Small Agriculture Businesses

Loknath Das

The result of the tariff war between the US and several countries around the world is having a real-world economic impact on farmers. The Trump administration is looking to alleviate this hardship with a $12 billion package of agricultural assistance as temporary relief. The response to this bailout has been mixed as farmers and lawmakers look to find a quick solution to the trade war. For his part, President Trump asked farmers for a little more patience during a speech at the Veterans of Foreign Wars national convention in Kansas…

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54% Working in the Gig Economy Say It Takes Too Long to Get Paid

Loknath Das

Gig economy workers and freelancers make up an increasingly larger percentage of today’s workforce. But when it comes to getting paid, a new survey from Bill.com says 54% of them feel it takes too long. Freelancers Are Not Being Paid Fast Enough The freelance workforce is a connected demographic using digital technology to work, play, shop and carryout financial transactions. And the survey says they are great supporters of digital payments. More than four in five or 86% say they prefer to receive payments electronically, while 41% say they require electronic payments to…

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Shall I buy the HDFC AMC stock or mutual fund?

Loknath Das

HDFC AMC shares listed on Monday and ended the day with gains of 65%. Photo: HT The HDFC Asset Management Co. Ltd stock closed 65% up on the first day of listing over its IPO price of ₹1,100 per share. Investors who sold on day one, saw ₹1 lakh investment turn to about ₹1.65 lakh over a 10-day period. HDFC AMC’s business is to offer its investment management service to investors—both retail and institutional. It’s performance track record as an asset manager is mixed. For example, investors into the best equity scheme over a…

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Rupee trades marginally higher against US dollar

Loknath Das

So far this year, the rupee has weakened 7%, while foreign investors have sold $410.30 million and $5.62 billion in equity and debt markets, respectively. Photo: Mint Mumbai:The Indian rupee on Wednesday was trading marginally higher against the US dollar, tracking gains in local equity markets. At 9.12am, the rupee was trading at 68.64 a dollar, up 0.05% from its previous close of 68.69. The currency opened at 68.66 a dollar. Bond yields gained for the fifth consecutive session after crude oil prices rose. Crude prices which were trading up…

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Why business expectations are so tepid despite recovery in Indian economy

Loknath Das

The government cannot let the recovery in the Indian economy take its own sweet time, not with the elections less than a year away. Photo: Mint The Nikkei India Composite PMI Output index, a gauge of private sector economic activity in both the manufacturing and services sectors, came in at a strong 54.2 for July, up from 52.6 in June. A reading above 50 denotes expansion, while one below 50 indicates contraction from the previous month. As Chart 1 shows, the composite PMI (Purchasing Managers’ Index) is at its highest level…

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