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Charting the Global Economy: War pushes up prices, dents growthThe Iran war is fueling a global inflation wave, prompting the European Central Bank to raise interest rates for the first time in nearly t...- Yes Bank sees Indians tip-toeing back to depositsIndian households are reportedly shifting savings back to bank deposits due to weak stock markets and geopolitical concerns. This trend cou...
- SBI in $1 billion funding for Sun Pharma’s US dealState Bank of India is set to commit up to $1 billion to fund Sun Pharmaceutical Industries Ltd.'s $12 billion acquisition of Organon & Co....
- China out, India in? The Japanese begin a quiet but powerful pivotJapanese banks are increasingly shifting their Asia strategy from China to India and Southeast Asia as slowing growth, rising costs and geo...
- After 50 hearings, court reserves judgement in Daiichi-Fortis caseThe Delhi High Court has reserved its judgment in a significant arbitration case. Japanese drug maker Daiichi Sankyo is seeking to enforce ...
- StanChart CEO seeks to reassure staff over AI-linked job cutsStandard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human c...
- AI will destroy and create new jobs, urges staff to embrace change: HSBC CEOHSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its...
- StanChart announces massive job cuts: Standard Chartered to lay off over 7,000 employees. Check deadline, reasonStanChart or Standard Chartered's move to streamline operations and rein in costs comes as more global firms slash jobs by deploying AI to ...
- Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...
- Axis Bank raises $500 million in offshore loan from MUFGAxis Bank, India's third-largest private lender, has secured a $500 million offshore loan from Mitsubishi UFJ Financial Group. This three-y...
- Nippon Life's India asset manager to settle Yes Bank investment case, document showsNippon Life India Asset Management will pay over 96 crore rupees to settle SEBI charges. The company allegedly invested customer funds in h...
- SoftBank lenders ask more banks to join $40 billion OpenAI loanSoftBank is seeking additional banks to join a $40 billion loan backing its OpenAI investment, a significant test of investor confidence in...
- Co-branded cards squeeze; Slice’s valuation resetHappy Wednesday! Global economic challenges are casting dark clouds over the Indian consumer lending business. This and more in today’s ETt...
- Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuationDigital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last pri...
- SoftBank secures $40 billion loan to fund further OpenAI investmentThe facility, which matures in March 2027, was arranged with lenders including JPMorgan Chase, Goldman Sachs, Mizuho Bank, Sumitomo Mitsu...
- SBI in talks with Japanese lenders for M&A financingState Bank of India is exploring partnerships with Japanese banks for merger and acquisition financing. New regulations permit Indian banks...
- SBI in talks with Japanese lenders for M&A financing; Rs 94,000 crore headroom under new normsState Bank of India is exploring partnerships with Japanese lenders for merger and acquisition financing following new regulatory guideline...
- SBI launches CoE for growth sectors, DFS asks govt banks to focus on 2-3 sunrise sectors eachSBI launched 'Chakra', a center of excellence to finance sunrise sectors like data centers and renewable energy, estimating a Rs 22 lakh cr...
- HDFC Bank raises $500 million from MUFGThe dollar loan from MUFG was financed through the Japanese lender's Gift City branch and was priced at 110 basis points above the three- y...
- SBI raises $1 billion from Japanese lendersJapan offers loans at relatively cheaper rates. It averaged around 2.4 percent from 1972 until 2020, shows an estimate. The company however...
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