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Tag: cash

Franklin shuttered schemes have cash of Rs 8,262 crore

Franklin shuttered schemes have cash of Rs 8,262 crore

Finance
The six shuttered schemes of Franklin Templeton have received Rs 1,078 crore from maturities, pre-payments and coupon payments during the period 16-30 September 2020. This takes the total cash flows received till date since 24 April 2020 to Rs 8,262 cr. Franklin India Ultra Short Bond Fund (FIUBF), Franklin India Dynamic Accrual Fund (FIDA), Franklin India Low Duration Fund (FILDF) and Franklin India Credit Risk Fund (FICRF) have 40%, 19%, 19% and 4% of their respective AUM available in cash to distribute to unitholders subject to a successful unitholder vote. Let's block ads! (Why?) Personal Finance News-Wealth-Economic Times
Borrowing records smashed as Sunak prepares to splash more cash

Borrowing records smashed as Sunak prepares to splash more cash

Business
The Treasury borrowed the third-highest sum for any month on record in August, according to official figures - as the chancellor prepares to unleash his latest support for the coronavirus-hit economy.The Office for National Statistics (ONS) reported that public sector net borrowing, excluding the effects of bank bailouts, was estimated to have hit £35.9bn last month - the highest sum ever recorded for an August. That was £30.5bn more than in the same month last year and explained by the government's efforts to fund its COVID-19 medicine for jobs and efforts to tackle the disease.Live updates on coronavirus from UK and around world

Ex-Saga chief sails to comeback in £150m cash call

Business
The former chief executive of Saga, the over-50s insurance and travel provider, is to stage a stunning comeback as part of a £150m capital-raising to shore up its coronavirus-hit balance sheet.Sky News has learnt that Sir Roger de Haan, who sold Saga for £1.3bn in 2004, is to inject up to £100m into the company in return for a stake of close to 20%. The firm placing to Sir Roger will be conducted at a substantial premium to the current share price of just 13.61p, insiders said this weekend.A further placing of shares, to raise roughly £50m more, will then occur to give existing investors the chance to participate, they added.That second tranche of stock may be placed at a discount to the price paid by Sir Roger, who will become Saga's non-executive chairman.
Coronavirus: Campaigners call for emergency cash for renters

Coronavirus: Campaigners call for emergency cash for renters

Business
The government is being urged to provide emergency financial help to tenants in England who have fallen into arrears due to coronavirus. Housing charities and groups representing landlords and letting agents are calling for loans and grants for those struggling to pay rent. New research on behalf of Shelter suggests 322,000 people have fallen behind since the outbreak in March. The government said it had taken "unprecedented action" to help renters. Six organisations - including Shelter, Crisis and Citizens Advice - have joined forces to call for short-term financial aid for renters.The groups say £270m is needed to help tenants keep their homes and assist landlords who rely on rental income for their livelihoods.They are proposing grants for renters alre
Taylor Swift’s cash gift helps student take up degree

Taylor Swift’s cash gift helps student take up degree

Entertainment
Singer Taylor Swift has donated £23,000 to a London-based student struggling to raise the funds to take up a maths course at the University of Warwick.Vitoria Mario's online fundraising page details how she has lived in the UK for four years after moving from Portugal.But she is not eligible for maintenance loans or grants.Vitoria said: "I was worrying too much about the money, what I have to do and if I have to look for a job. She actually made my dream come true."The American singer,whose 16 top 10 British chart hits include the aptly titled Wildest Dreams, wrote a message on Vitoria's fundraising page as she confirmed her donation.At that stage, Vitoria had collected nearly half of her £40,000 fundraising target, and Swift wr