Aye Finance Raises $10 Mn To Boost Micro-Lending Portfolio In India

Fintech lending company Aye Finance has raised $10 Mn (INR 71.32 Cr) in a debt funding round from global impact investment manager, responsAbility and Northern Arc, through the issuance of non-convertible debentures. This is the twelfth debt funding round raised by Aye Finance so far. The company has raised a total of $102.25 Mn (INR 727.5 Cr) as a combination of equity and debt funding since its inception in 2014.  The venture is equity funded by four venture capital funds including SAIF Partners, CapitalG, Accion International and LGT. With this…

Read More

Property and premium finance boost Close Brothers loan book

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. UK merchant bank Close Brothers Group posted a 1.4 per cent rise its loan book over the three months to 31 October, boosted by strong growth in its property and premium finance…

Read More

FTSE rises, gets post-Yellen boost from miners

Britain’s top share index rose on Wednesday, boosted by its heavily weighted mining sector after Federal Reserve Chair Janet Yellen urged caution in raising rates, lifting riskier assets. Miners .FTNMX1770 were up 5.5 percent, rising off a 1 month low hit in the previous session. The sector had fallen 15.8 percent since hitting 4-1/2 month highs earlier in March, pressured by a rising dollar. However, it bounced following Yellen’s comments that the U.S. central bank should proceed only cautiously as it looks to raise interest rates. That hit the dollar,…

Read More

Private school gives pupils a boost worth two extra years of education, research shows

The Durham University study suggests that the attainment gap is larger than previously thought Independent school fees average around £12,000 a year for day pupils and £30,000 for boarders. Photograph: Christopher Furlong/Getty Images Independently-educated pupils receive a boost equivalent to two years of extra schooling over state school pupils even after adjusting for social and economic bias, according to new research. The study by Durham University – the most sophisticated of its type to date – found that independent school pupils in England gained an advantage worth nearly two-thirds of…

Read More

EU Referendum: Business boost for Cameron as they say Brexit will hurt UK jobs

Company bosses and business leaders have warned that leaving the European Union would put British jobs at risk. That is the view put forward in a letter to The Times signed by 200 business leaders, including more than a third of Britain’s 100 largest companies. Signatories backing David Cameron’s stance include chairmen or CEOs of companies from the FTSE 100 including Asda, BT, Vodafone and Marks & Spencer. The letter hails pledges to cut red tape, deepen the single market and sign off new trade deals in the agreement finalised…

Read More