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GENESIS LENDING UNIT BANKRUPTCY
China's May loan growth dips on weak demandAggregate financing, a broad measure of credit, increased ¥2.03 trillion ($300 billion), according to Bloomberg calculations based on data ...- Cupid Breweries to acquire United Spirits' alcobev unit in Odisha for Rs 22.5 croreCupid Breweries and Distilleries will acquire an operational alcoholic beverage manufacturing unit in Odisha from United Spirits Limited. T...
- NCLT rejects insolvency plea against Noida Metro Rail Corporation over pre-existing disputesThe National Company Law Tribunal has rejected an insolvency plea against Noida Metro Rail Corporation. The tribunal found genuine disputes...
- NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...
- How Gen Z became the most important customer in FMCGYoung consumers are now driving major decisions at established food companies. Gen-Z and millennials are influencing product development, a...
- Govt eyes rural credit push via flagship schemes, seeks to expand RRB customer baseThe government is enhancing rural credit by integrating the Grameen Credit Score with the JanSamarth portal for faster loan processing. Reg...
- Canara Bank, Bank of Baroda increase lending rates: Why loan EMIs for these borrowers may riseBank of Baroda and Canara Bank have raised their lending rates. These changes are effective from June 12, 2026. Loans linked to these rates...
- RBI allows banks to lend directly to REITs & InvITs, caps applyThe Reserve Bank of India now permits banks to directly fund Real Estate Investment Trusts and Infrastructure Investment Trusts. Strict rul...
- No raids till further orders: Maharashtra tells Bombay HC in Patanjali labelling caseThe Maharashtra government has assured the Bombay High Court it will halt raids and confiscations concerning ayurvedic product labels. This...
- On This Day in History, June 10: Troy falls, Italy enters WWII, Jurassic Park premieres, Thatcher wins for 3rd time, FIFA World Cup opens and other key eventsOn This Day in History, June 10 witnessed events that ranged from the legendary destruction of Troy and the birth of Gothic architecture to...
- Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 c...
- Some lenders hike rates on FX deposits for non-resident IndiansIndian banks have significantly increased interest rates on foreign currency deposits for Non-Resident Indians, with some hikes reaching 35...
- In Trump's crypto 'scrip', family always wins. Investors don'tIn an eyebrow-raising twist of fate, the Trump family reportedly amassed over $2 billion through various cryptocurrency initiatives, leavin...
- HDFC Bank raises MCLR by up to 10 bps across select tenorsFollowing the revision, the bank's MCLR, which is the lender's internal benchmark for pricing loans, stands in the range of 8.05% to 8.65%,...
- These 8 banking stocks have an upside potential of up to 26% in 1 year, according to analystsIf oil prices stay at higher levels, some FPIs with exposure to the Indian banking sector through ETFs might decide to sell, putting these ...
- What's brewing? FinMin seeks gold lending info from banksIn a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...
- Pakistan's interior minister arrives in Tehran for US-Iran peace talksPakistan's Interior Minister Mohsin Naqvi arrived in Tehran for crucial negotiations with Iranian officials on behalf of the United States....
- Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATASoaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to...
- Oil India reports natural gas presence in second Andaman offshore wellOil India Limited has found natural gas in its third exploratory well in the Andaman offshore block. This is the second well in the block t...
- Remember GoPro, the king of action cameras? The once-$11 billion giant is now fighting just to stay aliveGoPro bankruptcy risk: Once an $11 billion market cap giant, GoPro now faces an uncertain future. Its auditor raised "substantial doubt" ab...
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