Beyond Financial News

By Danielle Broadway and Dawn Chmielewski

Fines tied to unauthorized communications on Wall Street have topped $2.5 billion, and that’s probably not the last of it.

India1 is set to transform itself into a fintech company from being the top white-label ATM services provider. While the fintech businesses could take time to deliver profits, the ATM business keeps ringing in the cash. “We are looking at revenue streams beyond white-label ATMs,” said K Srinivas, managing director and CEO of India1 Payments. “Besides providing switching services to smaller banks to connect their ATM network, we are also working as a digital loan facilitator by connecting our 54 million customers who are already on our digital platform to potential lenders,” he added. India1 Payments, in which ICICI Ventures has about 49% stake, is promoted by Australia’s Banktech group. The company plans to leverage its customer base using its white-label ATM platform by being an account aggregator and connecting those interested in small-ticket loans with the potential lender. This could earn the company a fee-based income for the concluded transactions. The company will also continue to expand its mainstream business of providing white-label ATMs in semi-urban and rural areas where it is already having a strong presence and increase its ATM network and expand its regional spread. India1 Payments currently manages 12,200 white-label ATMs throughout the country and plans to double the count by rolling out another 12,000 more ATMs over the next five years.

green hydrogen joint venture partners-Indian Oil Corporation and ReNew-will invest upto $4 billion (₹32,000 crore) in their green hydrogen businesses over three-five years, CEO & Managing Director, S N Subrahmanyan said Wednesday. L&T has a joint venture with state-run Indian Oil Corporation and renewable power company ReNew for its green hydrogen ventures. «We will invest around ₹500 crore in making electrolysers.

MUMBAI : I am leaving, but I am still there," said A. M. Naik, the departing chairman of engineering and construction giant Larsen & Toubro (L&T) Ltd, while addressing his final and the conglomerate’s 78th annual general meeting (AGM) on Wednesday.

soccer prodigy Da’vian Kimbrough officially signed a contract with the Sacramento Republic, a team competing in the second-tier League Championship of the United Soccer League (USL). The young forward's signing not only highlights his exceptional talent but also cements his status as the youngest athlete in American professional team sports history.

Stocks that traded heavily or had substantial price changes on Tuesday: Eli Lilly, Fox rise; Beyond Meat, RingCentral fall

The location of Apple’s red end-call button is set to slightly move with upcoming iOS 17 updates to the phone app, so be wary of your thumb’s muscle memory

The signs of hip-hop’s influence are now everywhere from Pharrell Williams becoming Louis Vuitton’s men’s creative director to billion-dollar brands like Dr. Dre’s Beats headphones and retail mainstays like Diddy’s Sean John and the Rocawear line start...

forex reserves. Today, the US has a debt-to-GDP ratio of around 130%, Japan 260%, UK nearly 100% and the eurozone 90%. The ratio for India is around 90%.

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Redseer. Nearly 50% of investors in the survey, conducted in June 2023, were optimistic about a resurgence in funding within the next six to 12 months. Additionally, 17% of respondents believe this upswing could happen even sooner.

New Delhi: Art, watches, and luxury handbags remain the most sought-after investment of passion in 2023 for super rich Indians. Over half the ultra-high-net-worth individuals' (UHNWIs) will also make a purchase in categories like classic cars, wine and furniture are the second most sought passion led investments this year in 2023. According to a report released by real estate consultancy, Knight Frank, under its ‘Attitudes Survey’, 4% of Indian UHNWIs wealth is expected to be pursued in assets which are passion driven rather than monetary gains.

Nathan Lim has touched down at Lonsec. Street Talk understands the influential research house told staff that Morgan Stanley Private Wealth Management’s co-head of investment management services in Asia would become its next chief investment officer on Wednesday.

Global law firm Dentons is splitting from its Chinese operations to comply with impending data regulations in one of the more significant withdrawals by a Western company as Beijing intensifies a campaign to curb leakages of valuable information.

₹40 lakhs or equivalent value per annum for appearing in advertisements or campaigns on any medium or format. Previously, the guidelines included only those earning ₹20 lakh from endorsements. The updated guidelines also expand the definition of "celebrity" to include notable personalities such as doctors, authors, activists, and educationists, extending beyond the traditionally recognized field of entertainment and sports.

RBI) may maintain a status quo on policy rates and monetary stance on Thursday but the six-member committee has at least six major factors to consider before they reveal the country's short-term monetary policy. Experts believe the RBI will maintain a status quo on rates and stance on August 10.

BEIJING (Reuters) — Almost half of Chinese undergraduates returned to their hometowns last year within six months of graduation, state media reported, with the proportion rising to 47% from 43% in 2018 amid a sagging job market.

Wordle and Dordle. Freddie Meyer designed Quordle taking an inspiration from Wordle and Dordle. Quordle is available to play at its official website and is free to play. It does not require you to do any fishy log ins or sign ups. Quordle is completely ad-free. For beginners, Quordle provides you with a previously played dashboard where you can try your hands on before playing the live word challenge. Quordle resets every midnight and brings you daily word puzzle challenges.

The video holds some answers to the future of 10 m... moreThe video holds some answers to the future of 10 minute delivery in India.

HDFC Bank, I am entitled to some fractional shares of HDFC Bank Limited. When and how the transaction will get taxed? How do I report fractional entitlement in Schedule 112A of ITR which does not accept fractional quantities of shares? As per the provisions of Section 47 of the Income Tax Act, allotment of shares on the merger of two companies is not treated as a transfer and therefore there are no tax implications in respect of shares of HDFC Bank Ltd. allotted to you in respect of shares held by you in HDFC Ltd.