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REVOLVING CREDIT LINE
Hollywood, Bollywood and AI: Who controls storytelling now?The landscape of entertainment is undergoing a dramatic transformation, thanks to artificial intelligence. Enhanced AI technologies are now...
US, UK firms boost currency hedging as war sparks volatilityAmerican and British companies significantly boosted currency hedging last quarter. This move came as global markets faced turbulence. Even...
OpenAI grows stable of law firms for high-stakes lawsuits, dealsThe company, its CEO Sam Altman and their lawyers at Wachtell Lipton Rosen & Katz and Morrison & Foerster on Monday scored a major victory ...
Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
Kotak’s asset quality gains drive robust Q4 show: Dnyanada VaidyaKotak Mahindra Bank delivered strong Q4 results with unexpected margin expansion and declining credit costs. While management anticipates f...
Apple's Tim Cook to step down as CEO in SeptemberTim Cook is stepping down as Apple CEO in September, with John Ternus taking the helm. Cook will transition to executive chairman after a s...
This Small Daily Mistake Increases Household Expenses Without You NoticingHidden costs in daily life are draining household savings. Small, regular charges like subscriptions and app renewals, though individually ...
Sector rotation underway: 3 themes to watch for your portfolio, says Devang MehtaIndia's stock markets are experiencing a sector rotation, with consumption stocks like tobacco and alcobev surging after years of quiet. In...
Fed nominee Kevin Warsh's financial disclosures point to over $100 million in assetsKevin Warsh, the former Federal Reserve governor chosen by President Donald Trump to lead the central bank, has submitted financial disclos...
Understand private credit: It may be a word you will soon hear more often in the stock marketsIt is called “shadow banking” for a reason. Private credit serves a purpose as it caters to borrowers who fall between bank underwriting st...
CredAble introduces credit line to help MSMEs manage working capital more efficientlyDesigned from a futuristic perspective, the revolving short term loans aim to address the financing needs of small businesses and significa...
Slice flips to term loans from credit line post RBI noteThis is a departure from issuing a revolving credit line to consumers and comes after the Reserve Bank of India (RBI) recently barred finte...
Payments Council seeks government help post RBI’s fintech orderThe council - under the Internet and Mobile Association of India (IAMAI) - said wallets that comply fully with know your customer (KYC) nor...
Robinhood seeks more bank credit ahead of planned IPORobinhood said last month that it had filed confidentially for what could be one of the most closely watched IPOs of the year.
JPMorgan Chase and Barclays head up Flipkart acquisition financing consortiumJPMorgan and Barclays were the financial advisors to Walmart, while Goldman Sachs was the advisor to Flipkart.
Walmart raises $5b revolving credit for deal“Walmart has very robust banking lines and has already tied-up for committed financing. The revolving credit line is to facilitate the imme...
- Tata Chemicals’ North America unit signs up for $375 million loans
Tata Chemicals, a maker of salts, alkalies and heavy chemicals, signed loan facilities of $375 million , according to a data.
- MF global draws down on credit after rating cut
Moody's cuts MF Global ratings two more steps to Ba2 and puts it under review for more possible cuts.
- US consumers say 'charge it' on credit cards
Americans boosted their borrowing in May, mostly reflecting heavy credit card use to finance their purchases. Getting elastic with plastic ...
- ICICI Bank, Korea Exim Bank sign $200 mn loan agreement
India's largest private sector bank ICICI and Export-Import Bank of Korea, an official export credit agency supporting Korean companies, on...