Banking

Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait

the financial - 21 February, 2025

RIYADH: Saudi utility giant ACWA Power has strengthened its portfolio by acquiring a $693 million stake in power generation and water desalination companies in...

India may hike GST on cigarettes, tobacco products after compensation cess ends: Report

the financial - 21 February, 2025

Currently, cigarettes and tobacco products attract a 28 percent GST, in addition to a compensation cess and other levies, taking the total indirect tax...

HP Telecom India, Swasth Foodtech IPOs open for subscription today

the financial - 21 February, 2025

On February 28, HP Telecom India will make its debut on the NSE Emerge, while the trading in Swasth Foodtech shares will commence on...

Banking

Buy Axis Bank; target of Rs 1310: Anand Rathi

the financial - 10 February, 2025

Anand Rathi is bullish on Axis Bank has recommended buy rating on the stock with a target price of Rs 1310 in its research...

Banking

How to invest in debt funds after RBI rate cut, budget? Mahendra Kumar Jajoo of Mirae Asset answers

the financial - 10 February, 2025

Mahendra Kumar Jajoo says the RBI rate cut was pretty much anticipated by the market. It has come in the backdrop of a slowing...

Banking

ITR filing: Know the new Budget 2025 rules for filing updated income tax returns

the financial - 6 February, 2025

Union Budget 2025 has proposed to extend updated return filing period to 48 months; understand the rules, benefits, and restrictions for revised, belated, and...

Banking

GCC equity markets post monthly gains in January: Markaz

the financial - 6 February, 2025

Kuwait’s All Share Index posted a monthly gain of 5.7%, Saudi Arabia’s equity market grew 3.1% Abu Dhabi’s equity index rose 1.8%, Qatar Stock Exchange...

Banking

India’s Paytm invests $1 million in Brazil-based finance startup Dinie

the financial - 4 February, 2025

Indian fintech firm Paytm said its wholly owned subsidiary, Paytm Cloud Technologies, will invest $1 million in Seven Technology LLC to acquire a 25% stake. The deal,...

Banking

Ambak, a fintech marketplace for home loans, raises $7 million from investors

the financial - 29 January, 2025

Ambak, which claims to be India’s fastest-growing fintech marketplace for home loans, on Tuesday announced it raised $7 million in combined seed and pre-Series...

Banking

UPI’s share in India’s digital payments surged to 83%: RBI reports

the financial - 29 January, 2025

The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 per cent in 2019 to an impressive 83...

Banking

HDFC AMC shares jump 5%. Here are 4 reasons why brokerages are bullish

the financial - 20 January, 2025

HDFC AMC share price today, January 15: HDFC AMC shares climb 5% on Q3 profit surge; brokerages maintain positive ratings. Explore market trends and...

Banking

RBI takes cautious approach to currency volatility

the financial - 15 January, 2025

While the RBI will intervene as needed to manage fluctuations in the rupee, it will not aggressively defend specific exchange rates India's central bank will...

Banking

EXPLAINER | How front-running distorts capital markets

the financial - 11 January, 2025

SEBI can also impound the monies made as wrongful gains, and has at times held the top management responsible for not having checks in...

Banking

Budget 2025: Individuals earning up to Rs 15 lakh a year may get a big tax relief, feel experts

the financial - 10 January, 2025

Budget 2025 may bring significant tax relief for individuals earning up to Rs 15 lakh as the Direct Tax Code 2025 aims to simplify...

Banking

Capital Infra Trust’s IPO enters day 3 with modest success

the financial - 9 January, 2025

The IPO of Capital Infra Trust’s infrastructure investment trust (InvIT) enters day 3 with moderate interest by substring 0.78 times or 78 per cent. Capital Infra...

Banking

Private equity investments hit a two-year high at $15 billion in 2024: LSEG Deals Intelligence

the financial - 9 January, 2025

Experts attributed this to India’s expanding middle-class population, robust start-up ecosystem and a strong IPO market Private equity investments in India hit a two-year high...

Banking

Debt mutual funds may get tax relief on capital gains

the financial - 6 January, 2025

The MF industry has also urged the finance ministry to align the capital gains tax rates of debt MF schemes with that of listed...

Banking

Canara Bank: What should investors do

the financial - 31 December, 2024

Given the track record of the management in achieving the guided figures and comfort in valuation, long-term investors can accumulate the stock in dips. The...

Banking

UAE APP scam losses surge 43% to $8.3mn in 2023, report reveals

the financial - 13 December, 2024

APP scams are a form of trust-based manipulation, deceiving individuals into willingly transferring funds to fraudsters Authorized push payment (APP) scam losses are on the...

Banking

Alif Capital strikes deal to acquire 25% stake in UAE-based lifestyle products supplier Sunex Group

the financial - 8 December, 2024

The stake acquisition marks Aliph’s entry into the lifestyle sector Alif Capital, the first female-founded private equity fund in the Middle East, announced the acquisition...

Banking

Moody’s upgrades rankings for 11 Saudi banks

the financial - 3 December, 2024

RIYADH: Eleven banks in Saudi Arabia have seen their long-term deposit and senior unsecured ratings upgraded by Moody’s thanks to a strong operating environment. The...

Banking

Saudi corporate lending fuels bank loans growth to near-2 year high of 12.46%

the financial - 3 December, 2024

RIYADH: Saudi Arabia’s bank loans reached SR2.88 trillion ($768.93 billion) in October, a 12.46 percent annual growth and the highest in 20 months, official...

Banking