Financial Financial News

A large number of people across the world prefer to use credit cards for making payments these days. However, having a credit card does not mean that you use it for regular payments and big purchases whenever needed. It is a useful financial product when you are facing a financial crunch. We all know that emergencies can strike at any moment, catching us off guard and putting a strain on our finances.

An investigation into the possibility of establishing bitcoin exchange-traded funds (ETFs) is now being conducted by Taiwan's Financial Supervisory Commission (FSC), which is in the exploratory phase. The use of digital assets inside regulated financial markets is becoming more popular throughout the world, and this move is in line with that trend.

The Financial Stability Oversight Council (FSOC) has renewed its calls for Congress to pass crypto legislation, according to their annual report released Thursday.

The government is scheduled to unveil the annual budget for the upcoming fiscal year 2025 after the conclusion of the general elections next year. In the meantime, an interim budget will be presented on a “Vote on Account" basis on February 01 of the upcoming year. The interim budget will exclusively address necessary expenditures, typically having a restricted scope and excluding significant policy alterations or the introduction of new programs.

Tata Steel with a target price of Rs 150. The current market price of Tata Steel Ltd.

Hindustan Zinc with a target price of Rs 325. The current market price of Hindustan Zinc Ltd.

Anil Kothuri, MD & CEO, Fedbank Financial Services, says: “We intend opening 50 branches this year and most of which are done. And all the branches we open this year are focused on selling small mortgages. So, that branch count is slated to go from 130 to 180 okay. Now, every year we will continue to open branches and expand. Our norm is to open something like 50-60 branches every year. So, our branch count will increase by roughly 8% from here on every year for the foreseeable future. That will help us expand our presence in places where we are not there. We will enrich our presence in northern India and then foray eastwards.” You have reached an AUM of around Rs 10,000 crore and the growth was also strong at 38% on a year-on-year basis. But going forward, do you think the base effect will come into picture or do you expect this pace of 35-40% AUM growth to continue in the coming years? What we are guiding is that our AUM will grow by at least 25% year-on-year from here on.

artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not properly supervised, a panel of regulators warned on Thursday. The Financial Stability Oversight Council, which comprises top financial regulators and is chaired by Treasury Secretary Janet Yellen, flagged the risks posed by AI for the first time in its annual financial stability report.

Vedanta A Board meeting of Vedanta is scheduled on December 19 to consider issuance of non-convertible debentures (NCDs) on a private placement basis. BHEL BHEL and CMTI have signed a memorandum of understanding (MoU) for collaboration on technology development in the areas of Hydrogen value chain and IIoT solutions for predictive maintenance of machines and manufacturing processes. Hero MotoCorp The company has appointed Vivek Anand as Chief Financial Officer (CFO) and Rachna Kumar as the Chief Human Resources Officer (CHRO).

Osaic Inc., formerly Advisor Group, said Thursday it had reached an agreement to acquire Lincoln Financial Advisors Corp. and Lincoln Financial Securities Corp. the wealth management firms that make up “Lincoln Wealth,” from the insurer Lincoln National Corp.

A new Zurich-based startup Rulematch is creating a customized crypto trading experience for banks and securities firms. The trading venue is launched by a former Credit Suisse executive David Riegelnig.

Bank of Nova Scotia plans to add hundreds of financial advisers to boost sales of mutual funds and investment products, part of a sweeping overhaul by the new management team to improve shareholder returns.

Alok, by understanding the importance of a budget and asking for help to stick to it, you have taken an important step towards your financial goals. Budgeting is indeed the first step in managing your personal finances. Here's a guide to help you create a practical budget and stick to it:

In the dynamic landscape of India's economy, where inflation and fluctuating market trends are becoming the norm, savvy personal financial planning has become more crucial than ever. It's not just about saving money; it's about strategic financial manoeuvring. This article explores a three-pronged approach: establishing a reliableemergency fund, adopting innovative savings techniques, and diversifying investments.

Vivek Joshi said on Tuesday that banks will have to operationalize inoperative accounts, encourage nominations, and create awareness about cyber fraud. There can be more penetration of PM Jeevan Jyoti Bima Yojana and PM Suraksha Bheema Yojana, he said, making a case for increased participation from private banks in the government's flagship financial inclusion schemes.

High-net-worth individuals and families across North America are leaving themselves at risk by not taking some simple steps to protect their possessions, personal information, and reputation, according to a new report.

finances with a renewed outlook. It’s an opportunity to assess your present circumstances, pinpoint areas that can be enhanced, and establish clear financial goals for the future. As the year concludes, a valuable opportunity arises to evaluate your financial terrain and outline a path for prosperity in the approaching year.

Brihanmumbai Municipal Corporation (BMC) in the last 25 years, state Minister Uday Samant said on Tuesday. Speaking to reporters here, Samant said the issue was raised during a discussion in the legislative assembly on Monday regarding the functioning of civic bodies.

Announcement of a momentous financial technology advancement under the direction of Enis Bushati. NIZA, a progressive and forward-thinking initiative, is positioned to revolutionise the financial sector by integrating conventional banking and cryptocurrency services onto a single platform.

Taiwan’s Financial Supervisory Commission (FSC) has set up a Financial Technology Bureau to oversee cryptocurrencies to protect investors and increase regulation, according to a Taiwanese news report by United Daily News (UDN).

Generative artificial intelligence (Gen AI)-powered financial services are gaining traction among Indian consumers, with 91% being open to using a GenAI-powered financial application if one becomes available in the future, reveals a study by FIS. The study, titled ‘Trust in Generative AI’ notes that preference for new technology (60%) and the desire to save time (56%) are the primary motivators of consumers gravitating towards such applications.