Latest Updates Around The World
Bankers are also requesting the RBI to consider allowing banks to finance companies seeking to acquire a majority stake in an entity in tranches and not in a lump sum. | Photo credit: Vertigo3d; iStockphoto Banks have sought amendments to the Reserve Bank of India’s draft takeover financing guidelines, including higher exposure limits, permission to […]
SBI’s Q2 FY26 earnings show growth, with net profit boosted by stake sales in Yes Bank despite a decline in core profitability. State Bank of India (SBI) reported second quarter 2026 profits that were largely in line with expectations. Advances grew faster than the banking system at 12.7 percent year-on-year, while the system grew at […]
Zynk, a financial infrastructure company focused on global payments, has secured $5 million in a seed round led by Hivemind Capital. Alliance DAO, Coinbase Ventures, Transpose Platform VC, Polymorphic Capital, Tykhe Ventures and Contribution Capital also participated in the funding round. Zynk eliminates liquidity requirements for payment companies and minimizes liquidity transactions, while enabling instant […]
Prudent Corporate Advisory Services, a retail asset management service and a leading distributor of mutual funds, reported net profit up 4 per cent to ₹53 crore in the September quarter, compared to ₹51 crore in the same period last year. Revenue rose 12 percent to ₹320 crore (₹286 crore). Operating profit rose 5 percent to […]
Image source: shutterstock.com Households without children with two incomes are in a unique position to increase financial freedom while still enjoying life’s luxuries. With two salaries and fewer financial obligations, DINK couples have the opportunity to save more, invest strategically, and spend intentionally. The key is balance: Building wealth doesn’t have to mean giving up […]
Bengaluru-based travel fintech Scapia and Federal Bank have launched a new add-on credit card feature, which allows primary cardholders to share credit limits and travel benefits with up to three family members aged 18 or older. Scapia and Federal Bank on Tuesday unveiled an additional credit card feature that allows primary cardholders to share credit […]
Bajaj Finance Ltd., India’s largest non-bank lender and part of Bajaj Finserv, reported a sharp increase in consumer financing during the festive season, with a record number of consumer loan disbursements – up 27 percent in volume and 29 percent in value compared to the same period last year. Between September 22 and October 26, […]
Fitch Ratings has revised the Outlook for Adani Ports and Special Economic Zone Limited (APSEZ) Long-Term Foreign-Currency Issuer Default Rating (IDR) and unsecured notes rating to Stable from Negative, and affirmed the ratings at ‘BBB-‘. The rating agency also revised the outlook of Adani Energy Solutions Limited (AESL) from negative to stable and affirmed its […]
What is a trust? A trust is a legal arrangement in which a settlor transfers assets to a trustee or trustees who hold and manage these assets for a beneficiary or beneficiaries. The trustee is responsible for making decisions for the trust and there may be very specific instructions about how the assets are to […]
Even if the The Bank of Canada’s interest rate cuts making headlines, affordability challenges continue to pressure Gen Z and younger millennials from both sides: rising rents and record-high housing costs. “The return to the office has truly redefined what ‘affordable’ means,” said Rishard Rameez, CEO and co-founder of Zowna buyer-focused real estate platform designed […]
