Aware Financial News
06.12 / 02:23
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Canara Bank, Bank of Maharashtra plan bond sales to raise Rs 4,500 crore
Canara Bank (CanBank) and Bank of Maharashtra are looking to raise up to ₹4,500 crore in bond sales amid surging demand for credit in a rapidly expanding economy. Canara Bank plans to carry out an issuance of additional tier-1 (AT-1) bonds with a base size of ₹1,000 crore and a greenshoe option of ₹2,500 crore on December 7, sources aware of the development told ET. The bonds are rated AA+/Stable by rating agencies Crisil and ICRA. Bank of Maharashtra is looking to raise up to ₹1,000 crore worth of funds through sale of a tier-2 bond around December 12-13, sources said.
06.12 / 01:37
Provident
Aware
Manufacturing
Apple
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country
electronic
Apple taps companies in India, Taiwan, South Korea, Japan for critical parts
Apple is scouting for new suppliers — Indian, Japanese and South Korean — which can provide crucial components to its contract manufacturers in India, people aware of the matter told ET. This comes on the back of delayed government approvals for imports from existing suppliers — primarily of Chinese origin — of batteries, camera lens, chargers and other equipment required to make its flagship iPhones and iPads in India, they said.
06.12 / 01:37
Digital
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Manufacturing
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Manipal Tech, India's largest banking & smart cards manufacturer, looks to raise Rs 1,000 cr
Manipal Technologies (MTL), the largest manufacturer of banking and smart cards in India, plans to bring in a financial partner into the eight-decade-old, Pai family-owned business at a valuation of around ₹4,000-4,200 crore ($500 million), multiple people aware of the initiative told ET. The Pai family is seeking to raise about ₹1,000 crore ($100-125 million) for the Manipal Group business that began as the back office of Syndicate Bank in 1941.
05.12 / 18:15
Aware
Digvijay Singh claims ‘BJP’ knew Assembly poll results two days before counting, shares screenshots
Madhya Pradesh, Digvijay Singh took to microblogging site X to claim that BJP leaders and Karyakartas had been aware of the Assembly Election results days before the vote counting. It is to be noted that barring Mizoram, the vote counting for Rajasthan, Chhattisgarh, Madhya Pradesh, and Telangana took place on 3 December. Digvijay Singh, on his X post wrote, “Look at these two pictures In red background, BJP workers are writing who lost how many votes in Khachraud assembly elections and who is winning by how many votes.
05.12 / 17:20
05.12 / 16:49
05.12 / 14:07
Citizens
Aware
Compilation
performer
tenor
Fixed Deposits: Earn up to 8.61% interest on Special FDs
Fixed Deposits (FDs) have long remained a preferred choice of risk-averse investors and senior citizens who do not wish to take high risks and want to avoid market volatility. There are many types of fixed deposits, including Standard Fixed Deposit, Regular Income Fixed Deposit, Tax Saving Fixed Deposit and Senior Citizen Fixed Deposit.
05.12 / 14:03
Citi
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prevention
Most Americans think they can spot a scam, but Citi study reveals otherwise
Being aware of the potential of financial scams is an essential life skill these days but being overconfident leaves millions of American adults vulnerable to fraud or identity theft.
05.12 / 13:57
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Film-maker Karan Johar opens up about his battle with anxiety, reveals he's been 'on medication'
Karan Johar says it is important for public figures to discuss their experiences and struggles with mental health issues to empower others to recognise and address such concerns. Johar, who opened up about his anxiety attack recently, said he decided to openly talk about the issue in one of the episodes of his chat show «Koffee with Karan 8» that featured celebrity guests Deepika Padukone and Ranveer Singh. In the past, Padukone has spoken about her struggle with depression.
05.12 / 13:55
Target
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MSME lender U Gro Capital’s Sachindra Nath pitches for new NBFC category
RBI) to increase the risk weight on consumer loans will have an impact on NBFCs with the bank borrowing cost increasing. However, it does not impact the NBFCs serving the MFI and housing finance segments. The RBI move is going to increase our borrowing cost from banks," he added without revealing further details.
05.12 / 08:21
Waters
Aware
Strategy
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PM Modi flags ‘beware of divisive agenda’ as cracks arise in INDIA bloc
Narendra Modi took a jibe at the “anti-BJP forces" on Tuesday saying ‘be prepared for many more meltdowns ahead’ after a landslide victory in three Hindi heartland states - Rajasthan, Madhya Pradesh and Chhattisgarh. It is now in power in 12 states on its own, while the number of states ruled by Congress has come to three, which includes only Himachal Pradesh in the entire north India Earlier in the day, PM Modi posted on X, May they be happy with their arrogance, lies, pessimism and ignorance.
05.12 / 07:51
Provident
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Online payment fraud: Beware of these five most common scams in India that everyone should know to protect their money
Online payments have made financial transactions more convenient for millions of people worldwide. However, this convenience comes with the risk of fraud, and scams that people need to be aware of. Cybercriminals are constantly on the lookout to rob people of their hard-earned money. Let us decode the five most common online payment scams in India that you must know.
05.12 / 05:49
05.12 / 04:43
FIVE
Aware
CEO
Gap
Experts
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2024
Real estate trends: Will the sector witness a rise in women homebuyers in 2024? Experts decode
women borrowers, which can vary from lender to lender. “Generally, the concession ranges from 0.05% to 0.10% on the standard home loan interest rates," said Kamaljeet Rastogi, Chief Executive Officer, of Manipal Business Solutions.
05.12 / 01:37
Aware
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BlackRock
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Byju’s may have to dip into Epic sale funds to keep lights on
Epic, to sustain operations at Think & Learn, multiple people aware of the matter said. While Byju’s has received three bids so far for about $400 million for Epic, as per the current plans, the company would have to tap into at least $80-100 million from the transaction while keeping the remainder for term loan B (TLB) lenders.
04.12 / 23:07
04.12 / 21:37
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Top Regional Fee-Only RIAs 2023 winners revealed
InvestmentNews is proud to salute 100 local heroes — the best of the best in their respective regions.
04.12 / 18:02
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JioCinema turns choosy; Jio Studios looks for new content buyers
Reliance Industries Ltd-owned production house Jio Studios is looking beyond sister concern JioCinema to stream its movies and web shows after the latter declined much of its content, two people aware of the matter said. Jio Studios has also stopped green-lighting new projects in the backdrop of many completed projects remaining unsold, the people cited above said on condition of anonymity. While Jio Studios claims that streaming all titles on JioCinema was never part of the plan, the people cited above said on condition of anonymity that Uday Shankar, the influential top investor of JioCinema, has refused to screen all titles commissioned by Jio Studios, prompting it to look for outside buyers.
04.12 / 14:53
Reuters
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Bitcoin
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El Salvador's Bitcoin investments in $3.6 million profit, claims President Nayib Bukele: ‘No intention to sell….’
unregulated cryptocurrencies. “Of course, we have no intention of selling; that has never been our objective. We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.
04.12 / 14:01
Citizens
Aware
Death
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Quebec entrepreneur Daniel Langlois and partner reportedly found dead in Dominica
The charred remains of two people found in a burned-out vehicle in the Caribbean island country of Dominica on Friday are believed to be those of Quebec entrepreneur Daniel Langlois and his partner, Dominique Marchand, according to a Dominican news outlet and several Quebec media reports.
04.12 / 13:55
IPO
Booking
Aware
band
Net Avenue Technologies IPO booked over 511 times on last day, retail portion subscribed over 721.68 times
₹16 to ₹18 per share, at the face value of ₹1 per share. The total size of the issue is 5,696,000 shares (aggregating up to ₹10.25 crore).
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