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BANK CHARTER APPROVAL
US regulator approves bank charter for Trump-backed crypto company World Liberty FinancialThe charter, if ultimately approved at a later date, would allow World Liberty, through the newly created trust bank, to manage and hold as...
MSMED Bill promises faster payments, but TReDS hurdles and GST ambiguity may leave smaller firms behindThe Micro, Small and Medium Enterprises Development (Amendment) Bill was passed by Parliament last week, nearly two decades after the MSMED...
Standard Chartered to offer wealth products in India's GIFT City finance hubStandard Chartered secured in-principle approval to offer wealth management products in GIFT City. The International Financial Services Cen...
Circle shares fall nearly 4% as revenue miss overshadows quarterly profit beatCircle's profits in the second quarter significantly outperformed expectations, attributed to the growing adoption of USDC tokens. The surg...
Indian banks' new hunt for diaspora dollars pumps up loans marketsIndian banks are raising significant dollar funds offshore to boost foreign currency deposits. Global banks are actively arranging these do...
RBI asks banks to clear old trade and payment mismatchesThe RBI has asked banks to resolve long-pending mismatches between trade and payment records worth thousands of crores. Banks must verify d...
Parliamentary panel seeks Economic Affairs Secretary's clarifications on Securities Market Code BillThe Parliamentary Standing Committee on Finance called the Economic Affairs Secretary to seek clarifications on the proposed Securities Mar...
Circle shares surge 13% on getting regulatory approval to set up US trust bankCircle secured final regulatory approval from the OCC for its national trust bank. This allows the stablecoin issuer to manage its own rese...
The hidden cost of low audit fees: A risk investors cannot ignoreIndian audit fees for listed companies have lagged behind company growth significantly. This under-pricing compromises audit quality and au...
I have become a foreign citizen. Can my mother make me a joint owner in her property in India?ET Wealth Reader's Query: I am a foreign citizen and an only son. My mother wants to make me the joint owner in a property that belongs to ...
Income tax department slaps notices on foreign investors with no earningsForeign investors are receiving unexpected tax notices in India, even for transactions where no profit or dividend was earned. The tax depa...
Global creditors drag Udaan's parent to bankruptcy court in Singapore after $170-million bond defaultInsolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as ...
Think you don't need to file an ITR for FY 25-26? These 8 benefits may change your mindITR filing: Filing your Income Tax Return (ITR) offers significant advantages beyond just tax payment. It's crucial for claiming refunds, c...
Kotak Mahindra Bank shares in focus on deal to buy Deutsche Bank’s retail business for Rs 282 croreKotak Mahindra Bank will acquire Deutsche Bank India's retail banking, private banking and wealth management business, adding a sizeable lo...
Kotak Mahindra Bank to acquire Deutsche Bank's India retail banking businessKotak Mahindra Bank has significantly expanded its footprint by acquiring Deutsche Bank's retail, private banking, and wealth management op...
NBCUniversal may enter video game business after Comcast split, sources sayNBCUniversal is exploring new avenues in digital gaming and entertainment franchises following its planned spinoff from Comcast. Meanwhile,...
How Mukesh Ambani plans to spend Jio's mega Rs 27,500 crore IPO proceedsReliance Jio’s upcoming IPO aims to raise approximately $3 billion. The company intends to allocate Rs 27,500 crore to prepay debt, strengt...
China signs up 26 financial institutions to digital yuan cross-border payment platformThe agreement will allow participants to join the Cross-border e-CNY Transfer Services, or CBETS, an integrated cross-border settlement pla...
Global Market | European stocks rally as oil falls on hopes for US-Iran dealThe benchmark snapped a four-day losing streak on Thursday, as investors digested the European Central Bank's rate hike and largely looked...
StanChart picks ex-JPMorgan executive as next India head, sources sayStandard Chartered has nominated P.D. Singh, former JPMorgan India chief, as its next CEO for India and South Asia. The bank has sought app...