Abiding by their efforts of recovery of Stolen Assets while the platform goes through restructuring proceedings, Zettai has been working in partnership with law enforcement agencies, forensic experts, investigating authorities as well as legal experts to trace and retrieve stolen assets while charting the best course of action for all of the Platform’s affected users, the company said.
IIFL Finance raises USD 325 Million Senior Secured Bond from International Markets
The proceeds from this issuance will be used for onward lending, as per the External Commercial Borrowing (ECB) Guidelines by the Reserve Bank of India (RBI).
Oil Prices Rise Amid Supply Concerns and Fed Rate Cut Hopes
Federal Reserve Governor Christopher Waller suggested on Thursday that easing inflation could allow the U.S. central bank to cut interest rates sooner than anticipated, fueling optimism about economic growth and energy demand. This sentiment contrasts with earlier market bets on a slower pace of rate adjustments.
China’s Q4 GDP Surges by 5.4%, Surpassing Market Expectations
Market analysts polled by Reuters had predicted a 5.0% expansion for Q4, up from the 4.6% growth recorded in Q3. The stronger-than-expected performance is attributed to the impact of various support measures introduced by Chinese policymakers in recent months.
Banking Reforms: What Happened to the Privatisation of State-Run Banks?
The government currently holds a majority stake in 12 public sector banks, with ownership exceeding 90% in four of them:
RBI imposes monetary penalty on Parbhani District Central Co-operative Bank Ltd., Parbhani, Maharashtra
The statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2023
Banks Set for Subdued Q3 Earnings Amid Mounting Challenges
For private sector banks (PVBs), profitability is anticipated to remain subdued. Emkay Global attributes this to a noticeable deceleration in credit growth, which directly impacts interest income. Adding to the strain are shrinking net interest margins (NIMs), driven by rising funding costs, and escalating operational expenses. Furthermore, increased provisioning for loan losses is expected to take a toll on the bottom line, leaving private banks grappling with profitability pressures.
Stocks continue positive momentum
MUMBAI: Benchmark indices Sensex and Nifty surged in early trade on Thursday in tandem with a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate…
Why did Hindenburg Research shut shop?
Hindenburg gained notoriety for its meticulous research into corporate fraud and malfeasance. From unraveling the smoke-and-mirrors tactics of Nikola’s electric trucks to shaking the foundations of India’s Adani Group, the firm wasn’t just a disruptor—it was a defender of market transparency. The $100 billion market value crash of the Adani Group alone demonstrated Hindenburg’s power to level the playing field in a world often dominated by opaque dealings and unchecked influence.
Hindenburg Research to shut shop
Short-sellers like Anderson, who managed his firm’s own money but not that of others, bet against companies they believe have accounting issues, mismanagement or fraud, which they find usually after a long period of investigation.