Fund mobilisation by companies through equity and debt routes has dropped 20 per cent in 2022 to nearly Rs 11 lakh crore, as exuberance dwindled this year due to expensive credit avenues and volatile markets. The first half of 2023 could continue to remain challenging. The year 2021 was extraordinary […]

The regulatory changes brought in by the insurance regulator and the amendments proposed to the Insurance Act by the Centre may herald a new dawn for the sector in India. This may result in insurers bringing out more consumer-led products, top honchos of general insurance companies of the country concurred […]

Uber Technologies has announced a partnership with privately-owned grocery store chain Meijer, Inc. under which Uber Eats will deliver groceries to customers across the Midwest. Customers will be able to shop through Uber and Uber Eats from nearly 250 Meijer locations from this week through the winter. This is part […]

India has a huge untapped population which doesn’t have facilities for financial aid and insurance, and it is perhaps plausible to look at the option of having niche players catering to smaller sectors akin to non-banks and microfinance institutions in lending, said Rakesh Joshi, member (Finance & Investment), Insurance Regulatory […]

Workers at Chateau Marmont “overwhelmingly ratified” their first-ever union contract with the Hollywood hotspot on Wednesday night, in what UNITE HERE Local 11 is calling “a historic breakthrough.” The new contract, taking effect immediately, comes following years of unrest at the Chateau, which laid off nearly 250 staffers near the […]

Regulatory capacity, hyperactivity and excessive prescription are the biggest challenges the financial sector is facing, said Meleveetil Damodaran, former chairperson, Securities and Exchange Board of India (Sebi). Speaking at the Business Standard BFSI Summit on Wednesday, Damodaran highlighted the need for simpler, clear, and continuous regulations in the financial sector. […]

The Lok Sabha elections in 2024 are not a consideration when it comes to monetary policymaking, said Reserve Bank of India governor Shaktikanta Das to underscore the central bank’s commitment to controlling inflation. “It’s not possible for me to comment what we do in the next MPC (Monetary Policy Committee), […]

Twitter CEO Elon Musk has defended the financial transactions of the company under his leadership, saying that the social media platform would have had a “negative cash flow of $3 billion a year”, if he had not taken his controversial cost-cutting efforts. Elon Musk, who bought the social networking company […]

Partly reflecting the recent surge in mortgage rates, the National Association of Realtors released a report on Wednesday showing a continued slump in U.S. existing home sales in the month of November. NAR said existing home sales dove by 7.7 percent to an annual rate of 4.09 million in November […]

U.S. federal drug agency announced the seizure of more than 50.6 million fentanyl-laced, fake prescription pills and more than 10,000 pounds of fentanyl powder this year. The Drug Enforcement Administration Laboratory estimates that this represent more than 379 million potentially deadly doses of fentanyl, which is enough to kill every […]