Banking industry
Dow Jones stocks such as Goldman Sachs, JPMorgan, and UnitedHealth are approaching buy zones from flat (or shallow cup) bases. The Dow Jones Industrial Average recently topped 35,000, but retreated back below the level, edging down 0.5% for the week. Strong earnings from Dow Jones components in the
Banking industry
Wall Street is anxiously watching the inflation numbers as consumer prices in June jumped by the most in 13 years. Despite the rise, tech companies like Apple, Alphabet, and Microsoft are seen as immune to the effects of inflation. Federal Reserve Chairman Jerome Powell is set to testify before Congress,
Banking industry
The State Bank of India has declared its financial results for FY 2020-2021, showcasing its significant investments in renewable energy financing. The bank has approved over ₹319.18 billion (~$4.26 billion) in renewable energy project finance in India as of March 2021. This substantial investment is a testament to
Banking industry
The Government of India, through the Ministry of Defence, has taken a significant step towards simplifying and streamlining the pension process for defence personnel. The implementation of SPARSH (System for Pension Administration (Raksha)) aims to automate the sanction and disbursement of defence pensions, reducing reliance on external intermediaries. This web-based
Banking industry
Dow Jones stocks showed a remarkable rebound in the first half of 2023, with Goldman Sachs leading the pack. The Dow Jones index itself rose 12.7% year-to-date, significantly outperforming the broader market. Goldman Sachs, American Express, Walgreens Boots Alliance, and Chevron were among the top performers, driven by a
Banking industry
The global credit card market is experiencing a rapid growth trend, with the market expected to reach $103.06 billion in 2021 at a compound annual growth rate (CAGR) of 3%. Despite the initial impact of the COVID-19 pandemic, the market is expected to recover and grow to $107.69
Banking industry
Indian banks, led by the State Bank of India, have made significant progress in recovering dues from fugitive businessman Vijay Mallya. As of now, they have recovered nearly 60% of the nearly 9,900 crore rupees owed by Mallya, whose companies, including Kingfisher Airlines, owed banks nearly 9,900 crore
Banking industry
The Indian government is planning to revamp corporate governance and human resource practices in nationalised banks, following a merger process that has resulted in four large banks being formed from 27 smaller ones. The move aims to professionalise board-level committees and introduce a robust performance management system for employees. This
Banking industry
The global mobile wallet market is poised for significant growth, driven by advancements in proximity payments, government initiatives, and the proliferation of smartphones. Key players, including Apple, Google, and Samsung, are leveraging Near Field Communication (NFC) technology to enable seamless contactless payments. The Asia-Pacific region, particularly China and Southeast Asia,
Banking industry
Alexandria Real Estate Equities, a leading real estate investment trust specializing in urban office properties, has priced an upsized public offering of 7,000,000 shares of its common stock at $184.00 per share. The offering, led by RBC Capital Markets, BofA Securities, and Citigroup, includes a 30-day option
Banking industry
Mehul Choksi, the fugitive jeweller wanted in India in the $13,500 fraud case, has lodged a complaint with the Royal Police Force of Antigua and Barbuda claiming he was abducted by a group of heavily muscled men who claimed to be Antiguan police. According to Choksi's complaint,
Banking industry
The Carlyle Group's Rs 4,000 crore fund infusion proposal in Punjab National Bank (PNB) Housing Finance is being questioned by a government watchdog, Stakeholders Empowerment Services (SES). The watchdog has called the transaction "ultra vires" of the Articles of Association and said it is a
