AT&T Recognized For Most Effective Finance Organization
KKR said the new entity, Maritime Finance Co, would aim to bridge a financing gap caused by the turmoil in the European banking industry. Maritime Finance will be funded with $580 million in equity capital, of which 45 percent has come from KKR and its various entities. The new entity will be headed by Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky. KKR also said it was buying a stake in RigNet Inc from investment firm Cubera, making it the company’s largest shareholder.
Maharashtra finance department launches austerity drive
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India central bank allows non-bank Islamic finance firm
All proposals should be scrutinized carefully and presented to the finance minister only in exceptional cases,” it added. Maharashtra’s debt burden on March 31, 2013 was Rs 2.46 lakh crore. It is estimated to balloon to Rs 2.7 lakh crore by March 31, 2014. The letter urged all departments to wake up to financial realities and recognize that the state has limited resources. It exhorted departments to undertake cost-cutting exercises to maintain fiscal balance.
LEGAL CHALLENGE Last year, the RBI directed Kochi-based Alternative Investments and Credits Ltd (AICL) to stop its non-interest NBFC business almost a decade after the firm was launched. This prompted an ongoing legal challenge by AICL. “The grant of an NBFC licence should have an impact on the AICL proceedings and there are good chances that the matter may get settled soon,” said Suprio Bose, Mumbai-based lawyer at Juris Corp, a law firm which previously represented AICL. “The event reflects a significant and welcome change in RBI’s attitude towards sharia-based NBFCs and sets a precedent for others to follow suit.” However, many analysts think that unless and until full-fledged Islamic banks are permitted in India, an Islamic finance sector will find it hard to develop.
Wharton-Habitat Housing Finance Course at Asia-Pacific Housing Forum
This new Portfolio will enable you to sync and view all of your investment accounts integrated with MarketWatch’s breaking news and analysis, and provide you with more tools to manage your positions. The current “My Portfolio” will remain and your data won’t be lost, but the feature will be renamed as “Watchlist” starting on August 27. Want to see how this story relates to your portfolio? Just add items to create a portfolio now: Add or Cancel Already have a portfolio? Log In Manila, Philippines, Aug 22, 2013 (ACN Newswire via COMTEX) — Wharton School and Habitat for Humanity International will run a housing finance course for microfinance professionals at the 4th Asia-Pacific Housing Forum.