MUMBAI: Sammaan Capital, formerly Indiabulls Housing Finance, will pivot to a multi-asset lender spanning personal/gold/MSME loans after its acquisition by Abu Dhabi-based International Holding Company for about Rs 8,850 crore, making it a multinational NBFC.IHC’s affiliate Avenir Investment RSC will take a 41.5% stake via preferential shares/warrants, with scope to cross 63% through a mandatory…
MUMBAI: The depreciation of the rupee has pushed up the cost of funding overseas education for middle class Indian households, nudging many students to defer their higher education plans by a couple of years or opt for shorter duration courses; some students looking for undergraduate courses are also actively evaluating the prospect of getting enrolled…
NEW DELHI: Magicbricks has announced a strategic partnership with the School of Planning and Architecture (SPA Delhi) to bring sharper, research-led clarity to the country’s evolving real estate landscape. “By combining large-scale consumer demand signals with academic and spatial planning frameworks, the partnership seeks to create insights that are not just data-rich, but contextually meaningful,”…
NEW DELHI: The Centre has moved to extend its digital media rules to news and current affairs content shared by non-publisher users on social media platforms, proposing changes that expand the reach of Part III of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, beyond registered publishers.In draft amendments issued on…
NEW DELHI: Indian firms hoping to ride the global biologics boom are finding the path far tougher than expected, as China tightens its grip further on biotech supply chains. Recent data suggests Chinese companies have bagged more than half of several recent project deals from US biotech companies, underscoring the challenge for Indian players trying…
MUMBAI: Gold loans have emerged as the top product in new originations and the second-largest retail credit book in India at Rs 16 lakh crore, trailing only home loans at Rs 44 lakh crore, according to credit bureau TransUnion Cibil, even as consumer durable loans, largely for mobile phones, have become the main entry point…
In the past, crypto regulation in the U.S. has been badly fractured. Not only did federal agencies fail to collaborate — they outright contradicted and cajoled each other in a turf war to control our nascent industry. But recent signals from regulators suggest movement. Earlier this month, the SEC and the CFTC released a Memorandum…
NEW DELHI: Govt on Tuesday appointed Chanchal Kumar, an IAS officer of Bihar cadre, as the new information and broadcasting (I&B) secretary, while designating Sanjay Lohiya as the secretary of department of financial services (DFS). In the bureaucratic reshuffle, Vir Vikram Yadav has been appointed director general of civil aviation (DGCA), replacing Faiz Ahmed Kidwai.Kidwai,…
NEW DELHI: IndiGo on Tuesday named DG of International Air Transport Association (IATA) and former British Airways (BA) chief William Walsh as its new CEO.Airline promoter and MD Rahul Bhatia had assumed charge as CEO in the interim after Pieter Elbers’ resignation last month with immediate effect. Elbers, then KLM president and CEO of KLM,…
The New Hampshire Business Finance Authority is set to issue what appears to be the first rated bitcoin-backed bond of its kind, marking a step toward integrating crypto into traditional public finance. The bonds received a provisional Ba2 rating from Moody’s Ratings, two notches below investment grade. They will be issued through the Business Finance…
