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MOVEit hack claims Calpers and Genworth as millions more victims impactedThe MOVEit hack has hit several state and federal agencies. Last week, the U.S. Department of Energy got ransom requests from the Russia-li...- How ByteDance's CEO Yiming Zhang balked at selling TikTok's U.S. businessChina's opposition to a forced sale of TikTok, as well as concerns by major ByteDance backers such as Sequoia and General Atlantic over the...
- GE's surprise $15 billion shortfall was 14 years in makingIn 2004, GE spun out an insurance unit, Genworth Financial Inc., through a stock offering. The move was important to the parent company. It...
- India's 1st mortgage guarantee firm launches cover for Pradhan Mantri Awas YojanaThe product will allow home buyers under the project to extend the loan term up to 30 years and also allows seven years term extension beyo...
- India’s first of its kind mortgage guarantee venture yet to take offIndia Mortgage Guarantee Corp (IMGC) was established in June 2012 and started business the next year.
- ICICI ties up with IMGC to offer a mortgage-guaranteed home loan productICICI Bank has tied up with IMGC to offer a product that will enable individuals to borrow more by way of home loans and take a longer tenu...
- US stocks hit all-time highs: here's what you need to knowThese gains came on the final day before Friday's October US jobs report, the first since the Federal Reserve ended its QE program last wee...
- Genworth to sell 34% of Australian unit in IPORichmond, Virginia-based Genworth Financial will sell 200 million shares, another 20 million options in Australian company.
- NHB plans to allow lenders to offer 90% of property value as home loanThe National Housing Bank is considering a proposal that seeks to allow lenders to give up to 90% of the property value as home loan.
- US companies assure support to India's Infrastructure Debt FundOverseas companies are allowed to set up 100 per cent foreign owned subsidiaries in India, except for in sectors that attract foreign equit...
- NHB partners Genworth, IFC, ADB to form India's first mortgage guarantee companyNational Housing Bank has on Monday announced the formation of India's first mortgage guarantee joint venture with three overseas partners.
- National Housing Bank gets FIPB nod for FDI in mortgage guarantee companyNHB has moved closer to forming the country’s first mortgage guarantee company with FIPB clearing 62% foreign direct investment for their v...
- Government clears 25 FDI proposals worth Rs 2,973 croreGovt said it has cleared 25 foreign direct investment proposals, including that of AIF III of Mauritius and Mumbai based Microqual Techno.
- Mortgage guarantees fill the gap in our present housing finance sectorGiven the huge gap between demand and supply of housing, especially affordable housing, anything that incentivises and enables the spread o...
- Reserve Bank of India sets mortgage guarantee norm for banksRBI said banks will be barred from taking mortgage guarantee cover for housing loans where loan-to-value (LTV) ratio exceeds 80%.
- Birlasoft among 10 best outsourcing service providers in Australia, New ZealandBirlasoft has been named among the top 10 best outsourcing service providers in Australia and New Zealand region, by the International Asso...
- FDI cap in mortgage guarantee cos at 49%The government has asked the US-based mortgage insurance company Genworth Financial to divest 51% stake in its Indian arm to domestic partn...
- Mortgage guarantors may be allowed only 49% FDIThe government may bring down foreign direct investment (FDI) limit in mortgage guarantee companies (MGCs) from the existing 100% to 49%, r...
- Loss-making Genworth won't impact us, says Genpact CEOAfter Wachovia’s purchase by Wells Fargo, BPO major Genpact is now facing another troubled client.
- Govt plans new FDI norms for NBFCsThe government is working on a fresh set of FDI guidelines for parts of the NBFC sector. The new guidelines will determine FDI inflow.
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