Indiabulls Housing Finance seeks earlier hearing after record slide in shares

Indiabulls Housing FinanceNSE 2.22 % Ltd., a major Indian shadow lender that’s caught in the crosshairs of the troubles plaguing the industry, is seeking to bring forward a court hearing on fraud allegations after a record share slide. The development represents an effort to get out ahead of recent headlines that contributed…

Weekly Focus: Small Business

This week’s Crain’s Focus Section examines the small business sector in Northeast Ohio.  Here is a quick look at the stories included in section: Coventry, Cedar Lee districts weather changing times: Although Cedar Lee has enjoyed an influx of investment compared to Coventry’s recent struggles, officials and merchants from both destinations…

Sachin Bansal ventures into financial services

Bengaluru: Flipkart cofounder Sachin Bansal has picked up a majority stake in Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS), in what is probably a stepping stone into the broader financial services space for the internet billionaire. Bansal has acquired 94% stake, allowing a majority of the existing investors in Chaitanya to exit through the…

Over one third of small businesses saw data breach this year: Report

Over a third of small businesses have witnessed data breaches in 2019, according to a recent Kaspersky survey. The survey said that while the data breaches threaten small companies with painful consequences, the security measures taken by them to prevent such incidents are often insufficient. “Smaller companies are often focused…

US real estate sales to Chinese buyers to hit 8-year low: Report

US home sales to Chinese buyers are likely to drop to an eight-year low in the year ending next March as a prolonged Sino-US trade war hits demand, according to estimates from Chinese real estate website Juwai.com. Analogous to US portals like Realtor.com and Trulia, Juwai is China’s largest international…