Foreign banks
Emirates NBD, a leading financial services institution in the Middle East and North Africa, has agreed to acquire a majority stake in RBL Bank, a prominent Indian bank, through a primary investment of approximately USD 3 billion (~ INR 26,850 cr). This landmark transaction marks the largest foreign direct investment
Foreign banks
Emirates NBD, a leading financial services institution in the Middle East and North Africa, has agreed to acquire a majority stake in RBL Bank, a prominent Indian bank, through a primary investment of approximately USD 3 billion (~ INR 26,850 cr). This landmark transaction marks the largest foreign direct investment
Foreign banks
The second-largest bank in the UAE, Emirates NBD PJSC, is in advanced negotiations with RBL Bank to finalize a $1.7 billion investment in the private lender and emerge as the single largest and controlling shareholder. The investment, worth Rs 15,000 crore, will be made through preferential allotment of
Foreign banks
MUFG has closed a $75 million senior secured revolving credit facility for EarnIn, a leading earnings management company. The facility provides scalable, cost-effective capital to help EarnIn's growing product portfolio: Live Pay, Early Pay, and Cash Out. This partnership will fuel EarnIn's growth and expansion into
Football teams
Billy Howton, a legendary wide receiver for the Green Bay Packers and the first president of the NFL Players Association, passed away on August 4 at the age of 95. He spent seven seasons as the Packers' leading pass catcher and was known for his exceptional speed, cockiness, and
Cable News Network
President Donald Trump has reportedly been considering investing up to $30 billion in an Iranian civilian non-enrichment nuclear program, but denied the reports, labeling them a "hoax." The news comes after a CNN exclusive published on Thursday, citing sources within the Trump administration, revealed secret diplomatic talks between
Cable News Network
The United States has submitted several proposals to Iran in an attempt to revive the stalled nuclear talks, including the offer of a non-enrichment nuclear facility, easing US sanctions, and freeing up Iranian funds. The proposals came amid the recent conflict between Iran and Israel, which ended with a US-proposed
Cable News Network
The Trump administration is reportedly considering a plan to negotiate with Iran after conducting airstrikes on its nuclear facilities last weekend. According to sources, the administration has discussed offering Iran up to $30 billion to fund a non-enrichment nuclear program for energy purposes. In exchange, the administration wants Iran to
Cable News Network
The Trump administration has been secretly meeting with Iranian officials and proposing various ideas to persuade them to return to the negotiating table for nuclear talks. According to four sources, the US has discussed investing $20 to $30 billion in a civilian non-enrichment nuclear program in Iran, as well as
Banking industry
ICICI Bank, India's second-largest private sector lender, has announced a significant increase in its standalone net profit for the first quarter of the financial year 2024-25. The bank recorded a net profit of Rs.11,059.11 crore, a gain of 14.62% compared to the same quarter
