Groww is set to acquire wealth-tech startup Fisdom for approximately $150 million in an all-cash deal, marking its entry into wealth management and offline advisory services. This acquisition follows Groww’s previous purchase of Indiabulls Asset Management Company. Fisdom, known for…
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Following the closure of Malta’s golden passport scheme, wealthy Indians are exploring alternative residency and citizenship options. Interest is growing in European residency-by-investment programs in Greece and Portugal, alongside the US EB-5 visa and UAE Golden Visa. Caribbean nations like…
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The relevant committee had recommended risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 6.5-5.5% of the RBI’s balance sheet. Besides, the payout also depends on the income the central bank earns from various domestic…
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In the absence of banks, which focus on loans of Rs 15-20 lakh, NBFCs are finding growth opportunities in the high yielding micro-LAP (loan-against property), which are sub-Rs 10 lakh loans. Industry executives said that there are growth opportunities given…
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Moody’s Ratings has downgraded the U.S. government’s credit rating from Aaa to Aa1, citing concerns over rising debt and persistent deficits. This decision makes Moody’s the final major agency to lower the U.S. rating, following similar moves by Standard &…
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The visit by the high-ranking Apple executive to the sprawling 300-acre Foxconn facility in Devanahalli on the outskirts of Bengaluru was timed as a review of operations ahead of the likely launch of iPhone shipments next month.
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