Oravel Stays, the parent company of hospitality chainOyo Hotels & Homes, has received a capital infusion of about $807 million (around Rs 5,976 crore) from two of its backers, SVF India Holdings and RA Hospitality, the Ritesh Agarwal-controlled investment entity, as part of its ongoing $1.5 billion funding round. In regulatory filings with the Registrar […]
Archives for March 2020
Moving Forward: Impacting Business & Where We Stand
[embedded content] SPECIAL ANNOUNCEMENT. This video is for all of my clients, but especially for those of you experiencing severe financial hardships at this difficult time. I am revamping Brigade’s service offerings to help businesses stay afloat during these times of uncertainty as well as be ready after the crises is over. Here’s what I […]
Enhancing Your Client Experience for Your Future Business
One constant within the financial services industry is the care and concern advisers and financial planners have for their clients and this won’t change as we move into the future. Although technology advancements can certainly help us improve our relationship with clients, care and concern cannot be outsourced to technology. What You Can Start Doing […]
Make Way for the Revived Form 1099-NEC in 2020
After a 38-year absence, Form 1099-NEC is making its return in the 2020 tax year. For the last few decades, business owners were responsible for using Form 1099-MISC to report nonemployee compensation. But with Form 1099-NEC, employers can say hello to a revamped form and goodbye to reporting nonemployee compensation on Form 1099-MISC. So, move […]
Indonesia’s Gojek closed $1.2 billion funding last week: Internal memo
Indonesian ride-hailing and payments firm Gojek closed an additional $1.2 billion of funding last week, according to an internal memo reviewed by Reuters. The memo said the company’s total funding stands at just under $3 billion, and added it was still seeing “strong demand” among the investment community despite “turbulence within the tech investment environment […]
#FASuccess Ep 168: Building An Advisory Firm That Can Be Sold Even When Your Name Is Still On The Door, with Erin Botsford
Executive Summary Welcome back to the 168th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Erin Botsford. Erin is the founder of Botsford Financial Group, a hybrid RIA with the LPL platform that oversees nearly $1 billion in assets under management with offices in Dallas and Atlanta. What’s unique about Erin, […]
MS Dhoni invests in fintech startup Khatabook
Former India cricket team captain M S Dhoni has invested an undisclosed sum in accounting services provider Khatabook. He will also be the brand ambassador of the startup, which helps merchants record and track business transactions. “He (Dhoni) embodies the spirit of true sportsmanship and entrepreneurship. At Khatabook, we aspire to build the same level […]
Treasury yields rise as stocks search for modest recovery after Monday’s crash
U.S. government debt prices were lower Tuesday morning as investors hope for a bottoming out following Monday’s historic losses on Wall Street At around 3:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 0.7843%, while the yield on the 30-year Treasury bond was up slightly […]
Fairstone client number up 10% to 65,000
Acquisitive Chartered Financial Planning firm Fairstone has increased client numbers by 10% to 65,000 over the past 6 months. The company reported at its annual conference in Newcastle that it had added £500m in Funds Under Management and almost £3m in gross fee income over the period. Six further firms were fully acquired by the […]
ArcelorMittal, Nippon Steel sign $5.15 billion loan pact to refinance Essar Steel buy
TOKYO (Reuters) – Japan’s biggest steelmaker Nippon Steel Corp said on Tuesday its joint venture with ArcelorMittal has signed a $5.15 billion loan agreement with Japanese banks, including Japan Bank for International Cooperation. The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India Ltd. […]