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Kunal Shah is WhatsApp CEO as Meta leads $900 million financing in CredMeta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. The funding comprises about $400 mi...- ET Prime Special Series: Multibagger or IBC - Part 59: Japan taught it. Tata bought it. Now EVs will test this auto ancillaryThis is a story about a company that is simultaneously an asset and an anomaly. An asset because it builds a tangible, necessary product, g...
- Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisisBanks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industri...
- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- US Senator urges sanctions on entities paying Iran for passage via Strait of HormuzUS Senator Tom Cotton has called on the Treasury Department to sanction entities aiding Iran's control over the Strait of Hormuz. He specif...
- Karnataka state planning panel proposes reforms for KSFCKarnataka State Financial Corporation is set for a major transformation. The Karnataka State Policy and Planning Commission has proposed a ...
- Barney Frank dies at 86: Who was the liberal firebrand behind Dodd-Frank, Wall Street reform, and America’s LGBTQ political revolution?Who was Barney Frank? The death of Barney Frank marks the end of one of the most consequential and controversial political careers in moder...
- How US President Donald Trump's crypto venture and Iran's top exchange tapped into the same industry networksIran's Nobitex exchange moved billions through Tron and BNB Chain, networks by Justin Sun and Changpeng Zhao. These blockchains facilitated...
- Relief now, risk later? ECLGS 5.0 aims to ease MSME stress, industry flags risks in moratorium termsECLGS 5.0 is meant to cushion MSMEs from the impact of the US-Iran war, but will it really help small businesses, industry questions.
- India approves $1.9 billion credit guarantee to support businesses hit by Middle East crisisIndia's cabinet approved a 181-billion-rupee emergency credit guarantee program to support businesses, especially small firms, facing liqui...
- RBI cautions against misleading campaigns promising loan waiversAttention all borrowers! The Reserve Bank of India has flagged a concerning trend involving fraudulent loan waiver initiatives. These dupli...
- India’s banking system turns sluggish amid loan recovery delays and legal hurdles: CII reportIndia's banking sector needs urgent reforms. The Confederation of Indian Industry's report highlights slow loan recovery and complex laws. ...
- HDFC Bank exit spotlights board failures; from Satyam Computers to Tata Trusts, governance gaps hit corporates and nonprofits alikeCorporate and social sector boards face governance challenges. Recent events highlight the need for competent, diverse, and cohesive boards...
- Is the RBI fighting the wrong battle? Why rate hikes may not solve India’s current inflation problemRising oil prices due to the West Asia conflict have lifted inflation expectations, but underlying demand in India remains weak. Despite ma...
- Economic shock of Middle East war to cast shadow over IMF, World Bank meetingsGlobal finance leaders are meeting amid the Middle East war, a third major shock impacting the world economy. The IMF and World Bank are do...
- Global Market | IMF warns of lasting economic impact from war-triggered supply disruptionsThe IMF warned that the Middle East conflict could slow global growth while fuelling inflation due to energy supply disruptions. With oil p...
- Govt may cap lending rates to MFIs under guarantee schemeThe finance ministry is set to direct banks to cap lending rates at 2% above MCLR for microfinance companies under a new credit guarantee s...
- CGTMSE celebrates approval of 1 crore guarantees for micro and small enterprisesCGTMSE celebrated approving 1 crore loan guarantees. The event honored small businesses and lenders. Chairman Manoj Mittal highlighted the ...
- From struggling to thriving: How Credit Guarantees can bridge the credit gap faced by MSMEsProviding credit guarantees to lending institutions can play an increasingly important role in bridging the credit gap faced by Indian MSME...
- MUDRA loans disbursed to borrowers: Finance MinistryThe finance ministry noted that micro finance institutions (MFIs) can become member lending institutions (MLIs) with MUDRA (SIDBI) Bank for...
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