NEW DELHI: Four years after RBI ordered insolvency action against Srei Infrastructure Finance and Srei Equipment Finance, Punjab National Bank on Friday reported a loan fraud of Rs 2,434 crore committed by the erstwhile promoters of the two non-bank finance companies to the regulator.It reported a fraud of Rs 1,241 crore in the case of…
A dispute between the Aave decentralized autonomous organization (DAO), which governs the Aave decentralized finance (DeFi) protocol, and Aave Labs, the main development company for Aave products, over fees from the recently announced integration with decentralized exchange aggregator CoW Swap, continues to flare up. The issue was raised by pseudonymous Aave DAO member EzR3aL, who…
Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper reaches of the world’s…
Nearly 70 per cent of real estate developers expect housing prices to rise by more than 5 per cent during the 2026 calendar year, driven by sustained demand, according to a sentiment survey conducted by industry body CREDAI and property data analytics firm CRE Matrix, PTI reported.The survey, conducted in November and December with responses…
NEW DELHI: Infertility treatment in India is driving an overwhelming financial crisis for families, with a new multi-centre study showing that nearly 90% of couples undergoing IVF are pushed into catastrophic expenditure—even in public hospitals. The analysis, conducted across five major institutions, highlights the scale of the burden at a time when infertility affects an…
As 2026 gets underway, it’s advisable to check the bank holiday calendar before planning a visit to the branch. Missing a holiday can quickly turn a bank visit into a wasted trip, particularly in the early days of the year when people are getting back to work and managing their finances. Banks in India observe…
Navy chief Admiral Dinesh Kumar Tripathi NEW DELHI: Stressing the need for stronger industrial preparedness for modern warfare, Navy chief Admiral Dinesh Kumar Tripathi on Friday said recent global conflicts have challenged the long-held assumption that wars would be short and decisive, highlighting the urgent need for nations to build resilient defence industrial capacities.Speaking during…
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The stablecoin issuer’s previously undisclosed investment valued the lender at about $500 million, according to a person familiar with the transaction. Source link
