10 Steps to Start an IRA for Small Business Owners and the Self-Employed

10 Steps to Start an IRA for Small Business Owners and the Self-Employed

An Individual Retirement Account (IRA) is a savings account, which is designed to help individuals save for their retirement. IRAs are popular as they enable an individual to save for retirement with tax-free growth or on a tax-deferred basis. There are...
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Butcher Shop Startup Discovers Crowdfunding Magic Via Intuit

Butcher Shop Startup Discovers Crowdfunding Magic Via Intuit

What startup entrepreneur hasn’t dreamed of borrowing Cinderella’s fairy godmother or Aladdin’s genie to make their every wish come true? While they weren’t necessarily wishing for it, that’s exactly what happened to Will and Erica Messmer of Jersey ...
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Insurer Aviva India Turns To PSU Banks On Recapitalisation Plan Boost

Insurer Aviva India Turns To PSU Banks On Recapitalisation Plan Boost

Aviva Plc’s India life insurance joint venture is raising its exposure to the country’s state-run banks as it bets the government’s $32 billion plan to rescue lenders burdened with record bad loans will boost their prospects. The insurer also...
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Standard Chartered is close to selling its real estate principal finance unit to Actis : Sources

Standard Chartered is close to selling its real estate principal finance unit to Actis : Sources

Standard Chartered is close to selling its real estate principal finance unit to private equity firm Actis, sources with knowledge of the matter said, following the bank’s decision last year to exit the loss-making business. It is also in discussions...
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Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

New Delhi: The banking sector fears accretion of more than Rs. 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The Reserve Bank has directed...
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Punjab National Bank Q2 Profit Beats Estimates, Shares Surge

Punjab National Bank Q2 Profit Beats Estimates, Shares Surge

State-run Punjab National Bank, the country’s fourth-biggest lender by assets, reported a 2 per cent rise in second-quarter profit, beating forecasts. Its shares rose over 5 per cent to Rs. 208 at day’s high. Net profit rose to Rs. 561...
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