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A resentful letter to Santa Claus from a woke Christmas enthusiastA child writes a scathing letter to Santa Claus, questioning his methods, motives, and relevance in the modern world. The child criticizes ...- The rise of gold loans: Why NBFCs are gaining ground in India’s $10 lakh cr marketIndia's gold loan market is booming, expected to cross ₹10 lakh crore. Banks and NBFCs are driving this growth. Traditional lending models ...
- Regulatory red flag over gold loansThe surge in gold jewellery loans raises concerns for regulators due to the sustained rally in gold prices and the potential for borrowing ...
- Why did Logan Paul take WWE United States Championship to a pawn shop?Logan Paul is a professional wrestler who made a video of himself going to a shop to pawn off the WWE title. He has been making videos on t...
- Crypto’s rapid move into banking elicits alarm in WashingtonIn recent months, top officials from the Federal Reserve and other banking regulators have urgently begun what they are calling a “crypto s...
- Flipkart co-founder, Binny Bansal, bets big on gold loan startup RupeekRupeek, which dispatches appraisers to prospective borrowers’ doorsteps to assess and pick up jewelry, is finding favor with Indians ashame...
- Recycling of old gold up 15-20% in AugustAlongside, they said, some people have used the opportunity to exchange old gold for cash as well.
- World Bank to invest $35 million in Manapurram FinanceIFC may also provide advisory services to bring global best practices to MFL’s risk management systems and help it build capacity in MSME l...
- Philippines channels India with ID system to get poorest on mapHaving no birth certificate made it impossible to apply for a government-issued identity card to land a regular job.
- Organised gold loan industry to touch Rs 3,101 bn by FY'20: KPMGGold loan companies are expected to continue delinking the gold price volatility risk by offering more variants of lower tenure loan produc...
- Rural households prefer pledging their gold rather than selling itAbout 1,250 tonnes of gold is used as collateral, mostly with informal moneylenders and pawnbrokers, but they are likely to lose market sha...
- Mayor meets Arvind Kejriwal, appeals to release money due to NDMCThe debt-ridden NDMC today made an appeal to Chief Minister Arvind Kejriwal for releasing the amount due to the corporation from the Delhi ...
- Anil Ambani and Mukesh Ambani led Reliance group companies tie up with two Mitsui firms from JapanBoth the deals, announced within a gap of few hours, materialised within months of PM Modi pitching for stronger biz ties between the two o...
- Two Indians jailed for fake jewellery scam in SingaporeSidhu also got three other Indian national flatmates to pawn several items without revealing to them that the jewellery was fake.
- Financing US debt: Foreign buyers may have to rethink their positions as dollar loses valueUS is now deploying its FMDs, ‘financial extortion’, ‘monetisation’ and ‘devaluation,’ to finance its requirements.
- Manappuram Finance outperforms peers with 29% gainThe gold-loan provider has outperformed peers, gaining 29% since June 22 when Baring Private Equity bought a 0.94% stake.
- Organised gold loan biz may double this fiscalA gradual shift from pawnbrokers to organised lenders by people who raise money against gold ornaments is expected to double.
- Rich farmers now buy silver bars, not jewelleryFlush with funds, farmers go for metal in coins or blocks, betting on its investment appeal.
- Rolexes, Picassos hit pawnshops in Beverly HillsThe worse the economy gets, the better it is for Jordan Tabach-Bank. “Business is booming,” said Tabach-Bank, the chief executive officer o...
- 'Time to blow whistle' on China: ClintonDemocratic presidential hopeful Hillary Clinton warned today it was time to "blow the whistle" on China, accusing it of unfair trade practi...
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