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…
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,”…
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…
MUMBAI: In a move that will buy more time for exporters, the Reserve Bank of India extended a pandemic-style leniency on trade finance, allowing pre- and post-shipment export credit to run for up to 450 days for all disbursements made until June 30, 2026. The measure, effective immediately, is meant to cushion firms grappling with…
US consumer confidence rose marginally in March even as fuel prices surged due to the Iran war, highlighting resilience in spending but growing concerns around inflation and economic outlook, according to AP.The Conference Board said its consumer confidence index increased to 91.8 in March from 91 in February, indicating a modest improvement despite rising cost…
Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend…
In a span of just a month, BSE Sensex is down over 9,300 points or 11.48%! (AI image) Blood bath on Dalal Street, foreign investors’ exodus, mass selloff, several lakh crore of investors’ wealth wiped out – these are the headlines that have dominated financial news this month. The US-Israel-Iran war has dealt a massive…
India is set to receive its first shipment of Iranian crude oil since 2019, with a tanker carrying 600,000 barrels of oil en route to Gujarat following a temporary sanctions waiver by the US, according to PTI.Ship-tracking data indicates that the vessel Ping Shun is headed towards Vadinar port, marking a potential revival of Indo-Iran…
US stock markets moved sharply higher on Tuesday as investors cheered signs of possible de-escalation in the Middle East conflict, even as major indexes remain on track for their steepest monthly declines in years.At 10:05 a.m. ET, the Dow Jones Industrial Average surged 627.92 points, or 1.39%, to 45,844.06. The S&P 500 gained 103.78 points,…
US gasoline prices have crossed $4 per gallon for the first time since 2022, as the ongoing Iran war continues to disrupt global oil supplies and push up fuel costs.According to the American Automobile Association (AAA), the national average price for regular gasoline stood at $4.02 per gallon on Tuesday — more than $1 higher…