MUMBAI: CRED, once a high-trust credit-card payments app aimed at spenders and monetised through cross-sold loans, insurance and payment flows, is now turning to savers, using Kuvera—acquired in 2024—to enter wealth management.The upgrade of Kuvera targets affluent investors with large portfolios, with an emphasis on long-term compounding. The platform seeks to improve discipline, decision-making, asset…
MUMBAI: Women borrowers now account for Rs 76 lakh crore of credit, or 26% of total system credit in 2025, marking a near five-fold rise since 2017 and signalling a structural shift in India’s credit landscape.A joint report by TransUnion CIBIL, Niti Aayog’s WEP, and MicroSave Consulting said women are moving from being passive beneficiaries…
Billionaire Gautam Adani and his nephew Sagar Adani have moved to challenge a US securities fraud case, asking a federal court in New York to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC) regarding a 2021 bond issue by Adani Green Energy Ltd (AGEL).In a filing before the Brooklyn federal court,…
The ongoing Middle East crisis is emerging as a significant external shock for India, with risks spreading across energy markets, trade flows and supply chains, according to a recent white paper by Dun & Bradstreet.The report shows that countries in the Gulf–Levant region account for nearly 15 per cent of India’s merchandise exports and about…
NEW DELHI: The Delhi high court has restrained Cartel Bros, an entity backed by actor Sanjay Dutt, from proceeding with the launch of its proposed whisky brand ‘Glenwalk Godfather’, following a trademark infringement plea by Devans Modern Breweries.Devans, which markets the widely-known ‘Godfather’ beer and also sells spirits under the same brand, argued that Cartel…
File photo (Picture credit: AP) US stocks fell on Tuesday as investors turned cautious ahead of President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz, with markets on edge over whether the conflict in Middle East could intensify further.Wall Street’s three main indexes were in the red in early trade, dragged lower…
Gold, which is often considered the safe haven asset, has also failed to rise to the occasion for investors. (AI image) Stock markets are in deep red and in all likelihood so is your investment portfolio since the start of the US-Israel-Iran war. The conflict has been a perfect storm for stock markets globally, and…
Benchmark equity indices Sensex and Nifty closed higher on Tuesday after staging a strong intraday recovery, helped by easing crude oil prices, upbeat global cues and buying in information technology stocks.The 30-share BSE Sensex climbed 509.73 points, or 0.69 per cent, to settle at 74,616.58, while the NSE Nifty50 rose 155.40 points, or 0.68 per…
The ministry of petroleum and natural gas on Tuesday directed states and Union territories to double the daily supply of 5-kg Free Trade LPG (FTL) cylinders meant for migrant labourers, even as the Centre said the overall LPG supply situation in the country remains stable and under control.In a letter to all chief secretaries, petroleum…
MUMBAI: Uday Kotak on Tuesday warned that the world is “at a very important cusp of the return of global colonialism… in 2026 we are at one such cusp,” drawing parallels between historical imperial expansion and current geopolitical shifts, while urging India Inc to reset its approach to innovation, manufacturing and energy security.Speaking at the…