BLOCK Financial News

An NBFC licence would allow fintechs to offer loans from their own books, thereby build an asset base. Without this licence, they remain confined as marketplaces to source loans for banks and other NBFCs. “The RBI wants to give the lending licence to profitable and clean companies, but many fintechs do not meet both criteria,” said a senior banker in the know of things.

Black Sea Fleet, officials said Friday, the latest in a surge of attacks on the capital and the flashpoint waterway. The drone assaults came as a Russian-proxy official confirmed speculation that Ukrainian forces had breached the left bank of the Dnipro river, the de facto frontline in the south of the country. Russia's defence ministry said its air force downed a Ukrainian drone over the capital at about 04:00 (0100 GMT) on Friday.

Netflix has recently introduced a substantial influx of 23 fresh movies, series, and games to its platform. Among the latest additions are noteworthy selections for August 18. Meanwhile, it's worth noting that today is the final opportunity to catch the Netflix Original film «Bleach» and Nickelodeon's offering «Santiago of the Seas.» Additionally, be aware that «Septembers of Shiraz» and «Take My Brother Away» are slated for removal from Netflix in the forthcoming days. Among the newly added on Netflix, viewers can certainly watch «Boy Erased», «Mask Girl Season 1», «LEGO® Legacy: Heroes Unboxed», «10 Days of a Bad Man», «A Life Too Short: The Isabella Nardoni Case», «Buya Hamka Vol. 1», 'Carancho', 'Crane World', «Elefante blanco», «Long Live the Bonus Family», «Love You Long Time», «Love, Sex and 30 Candles», «OMG! Oh My Girl», «The Monkey King». Meanwhile, the striking Writers Guild of America (WGA) on Thursday urged federal regulators to increase their oversight of the streaming media business, saying Walt Disney, Amazon.com and Netflix had amassed too much power. The guild, which has been on strike since May 2, issued a report arguing that the three companies were poised to become «the new gatekeepers of media» and have abused their positions «to further disadvantage competitors, raise prices for consumers, and push down wages for the creative workforce.» The union urged regulators to block any further consolidation in the industry, «proactively investigate anti-competitive issues and outcomes» and increase regulation and oversight of the streaming business.

Ukhrul district Friday, police said. Security forces rushed to the area following the incident, which happened after a lull in violence for several days.

India and China held talks on resolving the two remaining border flashpoints in eastern Ladakh, days after positive and constructive discussions at the corps commander level. The talks on Friday were held at the Major General level at Daulat Beg Oldie (DBO) and Chushul. DBO is located near the Depsang plains where India and China have been in a border standoff since 2020 with PLA troops blocking access to border patrolling points.

stock prices have fallen, it's important to spot the ones where the correction is only temporary and not structural. The domestic brokerage noted that Westlife once again posted the strongest Same Store Sales Growth (SSSG), but with a narrowing difference compared to peers, while Trent once again displayed exceptional growth. Titan experienced an unexpected margin shortfall.

Analysts at investment bank JMP Securities have said that an approval received by Coinbase to offer crypto futures trading can be taken as evidence of crypto’s resilience in the US.

startups to a five-year low in the first half of 2023, according to the Israeli nonprofit Start-Up Nation Central. The global market for investing in startups has been similarly brutal, with valuations for once-hot startups cratering. “Deployment has been slower than expected because we maintained high standards," Kushner said.

Ashok Kumar Khurana, DG, Association of Power Producers, says “foreign investors have now shown great interest in the entire supply chain of power, that is, generation, conventional and renewable, transmission, distribution, all these sectors and recent block deals taking place through Abu Dhabi National Energy Company. They have shown big interest in Adani Transmission.

The US Securities and Exchange Commission is poised to allow the first exchange-traded funds based on Ether futures, a major win for several firms that long have sought to offer the products.

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Ministry of Steel's Joint Plant Committee (JPC), in a case related to irregularities in the allocation of a coal block. This is the 14th conviction in corruption related to coal-related matters. The trial of the case was conducted by Sanjay Kumar, Deputy Legal Advisor of the Central Bureau of Investigation (CBI).

₹11 crore to Himachal Pradesh, where heavy rains and landslides have wreaked havoc, a government official here said. As reported by PTI, on Thursday, Baghel had a conversation with Sukhvinder Singh Sukhu, the Chief Minister of Himachal Pradesh, via phone. During the conversation, Baghel assessed the current state of affairs in the northern state and pledged assistance to tackle the situation.

Also read: Manipur: Landslides block highway, at least 500 trucks stranded On August 5, separate shooting incidents between the Meiteis and Kukis communities in Bishnupur and Churachandpur districts led to the tragic deaths of five individuals - three Meiteis and two Kukis. Also read: Independence Day 2023: ‘Nation is with Manipur’, says PM Modi at Red Fort Tensions ignited in Manipur on May 3 when Kuki groups protested against proposed modifications to the state's reservation matrix, which aimed to grant scheduled tribe (ST) status to the Meitei community.

GMM Pfaudler share price tanked 11% in morning today on reports of a block deal, but recovered soon after. GMM Pfaudler shares opened at an intraday low of ₹1,350 as compared to the previous close of ₹1,523.

Gautam Adani's power business, according to a report published by Economic Times. TAQA is the second-largest stock on Abu Dhabi Securities Exchange (ADX). On Wednesday, US-based boutique investment firm GQG Partners also invested USD 1.1 billion in Adani Power to pick up an 8.1% stake in the company.

The BSE Sensex was trading 238 points or 0.37% lower at 64,912. Nifty50 was trading at 19,292, down 73 points or 0.38% at around 9.18 am. From the Sensex pack, HCL Tech, TCS, Wipro, Tech Mahindra, and Infosys opened with cuts, whereas only NTPC, L&T, Bharti Airtel, and Sun Pharma opened with gains.

China says it would welcome a visit by U.S. Commerce Secretary Gina Raimondo following the imposition of foreign investment controls by her agency that have stung numerous Chinese companies

Britney Spears and her husband Sam Asghari separated nearly three weeks ago, and he is seeking spousal support and attorneys' fees in their divorce, according to his divorce filing. Asghari, 29, filed his petition to dissolve his 14-month-old marriage to the 41-year-old pop superstar in Los Angeles County court late Wednesday. Like the vast majority of those who file for divorce in California, he cites irreconcilable differences as the reason for the split.

Also read: Himachal Rains: Schools, colleges ‘open’ in state; Shimla educational institutes closed today In light of the damage, schools in Shimla city remained closed on Thursday. Around 875 roads remain blocked, with 1,135 transformers and 285 water supply schemes disrupted.

Commonwealth Bank will launch a new payments service known as Powerboard next month, as it ramps up its competitive response to US fintechs Stripe and Block, and protects its grip on retail transaction data from Silicon Valley disruptors.