India’s Tata Group has had a challenging 2025, losing more than a staggering $75 billion in market value this year. Notably, a significant portion of this decline occurred in the past couple of weeks, driven by challenges such as US visa restrictions and a cyberattack that halted production. According to Bloomberg data, the combined market … Read more
The International Finance Corporation is set to pocket hefty returns from Tata Capital‘s upcoming USD 2 billion (Rs 17,000 crore) initial public offering, as the World Bank Group arm looks to trim its stake in the non-banking finance company. The International Finance Corporation (IFC) will offload 3.58 crore shares in the offering, exiting part of … Read more
Rasmus Hojlund’s Manchester United chapter has come to a close, and the Denmark striker is ready to write a new story under the Italian sun. Napoli have confirmed the loan signing of the Danish forward for the 2025-26 season, marking the end his underwhelming two season spell at Old Trafford. The 22-year-old has joined the … Read more
Jaipur-based SK Finance Ltd, a non-banking financial company has reported 27% rise in its loan book to Rs 13,261 crore for FY25, compared to Rs 10,476 crore in the previous year. Despite weathering industry headwinds in FY25, SK Finance stayed resilient, delivering an impressive performance backed by robust demand and focused expansion, according to company’s … Read more
The story so far:On April 9, the Reserve Bank of India (RBI) released draft directions on loans against gold collateral with the objective to harmonise the regulatory framework across regulated entities (banks and Non-Banking Financial Companies (NBFC)) and address differences in lending practices. What was the response to the proposals? Tamil Nadu Chief Minister M.K. … Read more
Banks’ loan growth moderated for a fifth straight month in November, central bank data showed, as lenders continued to rein in unsecured and personal loans after the Reserve Bank of India’s crackdown on “exuberant” lending. Banks’ credit increased by 11.8% year-on-year last month, slower than the 16.5% rise in November 2023, excluding the impact of … Read more
Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for non performing assets (NPA) fell by 2.9% to Rs 27,318.2 crore. For PSBs, it fell by 11.6% to … Read more
Senior leaders of the Bharat Rashtra Samithi (BRS) and former ministers T. Harish Rao and S. Niranjan Reddy have condemned the arrest of farmers at Talamadugu in Adilabad district for staging a protest against not receiving the benefit under the Crop Loan Waiver 2024 and criticised the Telangana government for its undemocratic attitude. In separate … Read more
When a family member passes away with outstanding loans and credit card bills, handling those debts can be challenging. First, it’s important to understand that these debts are typically settled using the deceased’s assets left behind. Legal heirs should gather all financial documents, including bank statements, loan agreements, and credit card bills. If the deceased … Read more
U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts. According to LSEG Lipper data, net outflows from U.S. equity funds totalled $7.6 billion. This came as the yield … Read more