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₹3,550 crore in Q2FY24, compared to ₹2,781 crore in the corresponding period last year. Net interest income (NII) of Bajaj Finance, on a consolidated basis, in Q2FY24 increased by 26 per cent to ₹8,845 crore from ₹7,002 crore, year-on-year (YoY), according to the company's exchange filing. Its assets under management (AUM) grew 33 per cent YoY to ₹2.9 lakh crore and interest income showed a growth of 38 per cent to ₹11,734 crore.

The Bank of Canada published a staff analytical note that mirrors the development of decentralized finance (DeFi) alongside possible routes of wider market regulations. 

Loan against Mutual Funds: Expanding the ambit of mutual fund units as collateral for retail investors, Mirae Asset Financial Services, a non-banking finance company, has added eligible tax saver schemes free from lock-in period from all the asset management companies in its list of approved mutual fund schemes to offer overdraft facilities by pledging these units.

Building your dream home is an exciting and momentous endeavor that requires careful financial planning. Constructing a house involves various financial considerations, from setting a realistic budget to exploring financing options and managing costs.

Jio Financial Services (JFS) plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market. Despite strong growth, penetration of financial investment products in India is low relative to the size of the economy. Ambani is looking to tap into this market after similar disruptive forays into the telecom and retail sectors. JFS has already launched personal loans for salaried and self-employed individuals in the financial capital of Mumbai and consumer durable loans across 300 stores in India, it said in a presentation to analysts late on Monday, offering a first glimpse into operational details that had largely been vague at the time of its listing in August. It will now also launch business and merchant loans for self-employed individuals, it said. The company's insurance broking arm has also partnered with 24 insurance companies, while its payments bank division, which relaunched savings account and bill payment services, plans to launch debit cards.

Jio Financial Services rose over 3 percent to ₹232 on BSE on Tuesday after the company's profit doubled in the quarter ended September 2023 (Q2FY24) in its first results report after being carved out from Mukesh Ambani-led Reliance Industries. Its consolidated net profit surged 101.3 percent to ₹668.18 crore in the quarter under review versus ₹331.92 crore in the previous quarter (Q1FY24) on the back of higher income from operations. Meanwhile, its total income rose 46.8 percent QoQ to ₹608 crore as against ₹414 crore in Q1FY24.

HDFC Bank: HDFC Bank Ltd on Monday reported a 51% jump in profit in the September quarter, beating analysts’ estimates, on higher other income and lower provisions. The bank saw net profit rise to ₹15,976 crore in the quarter that ended 30 September from ₹10,605 crore in the year-ago period. That exceeded analysts’ estimates of ₹14,120 crore in a Bloomberg survey.

United States Securities and Exchange Commission chair Gary Gensler has reportedly stated that, without some form of intervention, a financial crisis stemming from the widespread use of artificial intelligence was “nearly unavoidable.” 

Reliance Industries' financial services arm Jio Financial Services said its profit doubled to Rs 668 crore in the quarter ended September 2023 from Rs 332 crore in June 2023, its first on record post listing. Profit rose largely due to dividend income from its shareholdings even as operations remained subdued. The company which was listed in August rode on a Rs 217 crore of dividend income during the quarter which increased total income by 47% to Rs 608 crore from Rs 414 crore in the quarter ended June 2023.

Gen Z and Millennials are used to the ‘on demand’ culture of today’s America, and they would rather not wait for retirement either.

Notably, the company is striving to reduce its costing by trimming its workforce. Byju's has undertaken exercise to reduce workforce by about 3,000-3,500 this month by ending duplication in roles across the organisation.

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Here are 5 important investment questions and their answers for millennials.

Embassy Office Parks REIT: The brokerage is bullish on the stock with a target price of ₹340, indicating an upside of almost 11 percent. The growth drivers for Embassy are an expansion of operational area (6.9msf to be commissioned by FY26E), contractual rent escalations (12-15 percent increases every 3 years), reversion of rentals to market levels (11-29 percent higher), and lease-up of vacant offices, said the brokerage. Embassy Office Parks REIT owns Asia’s largest office portfolio on a leasable area basis, which is currently at 45.0msf (34.3msf operational, development pipeline of 7.9msf & 2.8msf of forthcoming projects).

The Australian government has unveiled a proposal aimed at imposing stricter regulations on cryptocurrency trading platforms, with a focus on enhancing oversight of customer funds. 

₹16,000 crores through regular systematic investment plan (SIP) investments. Statistics also underscore more investors taking an active interest in thematic or sectoral funds owing to their competitive returns. Considering how investing in these funds involves a lot of risk, numbers suggest the growing risk-averse nature of investors amidst growing optimism regarding the performance of the Indian stock market.

SIP closures has been moving higher every month for the last few months. In April 2023 (at the start of the financial year), the monthly SIP closures were at 13.21 lakhs. Let us understand how you can continue your SIPs for a longer period and make the most of them.

Financial freedom embodies the ability to lead life according to one’s preferences, liberated from financial restrictions. It denotes a state of financial well-being where you possess the means and flexibility to chase your dreams, sustain a chosen lifestyle, and realise long-term financial objectives without depending solely on conventional norms. While there is no one-size-fits-all approach to achieving financial freedom, there are certain financial mantras that can help guide investors who want to attain financial freedom.

Two leading No campaigners, Warren Mundine and Jacinta Nampijinpa Price, have sent legal letters threatening to sue The Australian Financial Review over a political cartoon published earlier this month they say likened them to Nazis.

(Reuters) — New Zealand's Auckland International Airport said on Friday Chief Financial Officer Phil Neutze had resigned, after over a decade-long stint with the country's biggest airport operator.

Allworth Financial announced that John Bunch will succeed co-founders Scott Hanson and Pat McClain as the wealth management firm’s chief executive.