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

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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Experts Debate Financial Future of American Higher Education

Students sit outside at Sweet Briar College, which came very close to closing in 2015. Sweet Briar College is a small, private women’s college in the American state of Virginia. In 2015, the school’s governing board grew concerned about its financial future and considered closing the school. But after a change in leadership and the hard work of its employees and former students, Sweet Briar stayed open. Now, almost three years later, Sweet Briar College is “doing remarkably well,” says Teresa Tomlinson. She is the head of the school’s board of directors. She says…

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US financial technology firm Redline to create 20 new jobs in Belfast

N AMERICAN financial technology company has chosen Belfast as the location for a new global support centre, set to create up to 20 jobs. Redline Trading Solutions, a niche global provider of Fintech services is the latest high profile addition to the burgeoning sector, with Belfast now recognised as the number one destination globally for financial technology R&D investments. Redline, who have headquarters in Boston and offices in New York, London, Hong Kong, chose Belfast over other locations in Britain, Republic of Ireland and Asia for the support centre, which…

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The Factor Which is Driving Rural Participation In Financial Markets

For ages, government in India craved to get user participation on the board but were not able to – owning to a wide number of reasons. One of the most detrimental reasons was cost and resources. But with the advent of smart technology things have changed, and now there is more rural participation than there was ever before. Returns: the core reason for participation For a close to decade now, there are only two avenues that have completely outsmarted all other modes of investment – stock market and the real…

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The Challenges of Big Data on Financial Services

The financial sector is one of the largest users of high-performance computing as it enables extremely valuable analytics to be performed regarding customer risk assessment, valuation and pricing of securities, and simulation of economic scenarios. The financial sector is gathering information about customers, both specific and generic at a faster rate than ever before in a bid to understand customer behavior and deliver appropriate products and services. The evolution of computing and big data collection has impacted almost every industry, but a more visible effect can be seen in the…

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Tips to Consolidate Business Debt When Faced with Financial Distress

A sudden and a drastic change in your cash flow may affect your business adversely. Your business could face the risk of bankruptcy or the unexpected change may hamper your capacity to repay existing debt. It is under these critical financial circumstances that you should chalk out a debt consolidation strategy. How do Difficult Financial Times Take Control over Your Business Every business entails a certain degree of risk and every budding entrepreneur has to take some calculated risks from time to time for smooth running of business. An entrepreneur…

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