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After announcing this month that it was moving to use a new brand name, Corient, for its U.S. wealth management unit, CI Financial Corp. said Thursday it was moving forward with a consolidation of separate offices in Boston, Chicago and Miami.

Besides banks, other rate-sensitive sectors like realty and auto also ended on a weak note. Shares of Zee Entertainment Enterprises (ZEEL) ended 16% up after NLCT gave approval to the Zee-Sony merger. We have collated a list of three stocks that either hit a fresh 52-week high or saw a volume or a price breakout on Thursday.

Jio Financial Services (JFSL), the date of which has not yet been announced, shares of the demerged company were credited to demat accounts of eligible shareholders of Reliance Industries (RIL) on Thursday. As part of the demerger of RIL's financial services business, RIL shareholders as of the record date of July 20 have been rewarded with one share of JFSL for every share of RIL owned.

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E&P Financial is beefing up its equity capital markets business with a key hire, bringing on Credit Suisse head of ECM Hamish Whitehead.

MA Financial’s growth ventures business has inked a $20 million raise in energy start-up Upstream.

Axis Bank said in a public announcement that it will raise its stake in Max Life to 16.22% from 9.99%by infusing ₹1,612 crore through a preferential allotment of shares. Meanwhile, Axis Bank shares opened flat with a negative bias.

Bitdeer, a crypto mining firm spun off from mining manufacturer Bitmain, has entered into an agreement with the special purpose acquisition company (SPAC) B. Riley Financial to sell up to $150 million of its Class A ordinary shares.

PayPal’s launch of a U.S. dollar-pegged stablecoin has prompted questions from Democratic members of the House Financial Services Committee, while Republican leadership said the coin showed the potential of regulatory clarity.

Business Insider citing Dealbook. According to the media report, Gensler reiterated his stance explored in a 2020 paper that he co-authored on deep learning and economic stability. “A rapid advancement of technology could increase the uniformity and interconnected of financial systems, and make those systems harder to regulate," he had said.

CCI on Tuesday cleared the proposed purchase of 90 per cent equity stake in HDFC Credila Financial Services by a private equity consortium of BPEA EQT and ChrysCapital. The buyers are Kopvoorn, part of the BPEA EQT group, and three ChrysCapital group entities — Moss Investments, Infinity Partners and Defati Investments Holding.

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(Reuters) — U.S. bank Wells Fargo (NYSE:WFC) said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, after 35 years at Credit Suisse.

Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt

Adani Energy Solutions Limited (AESL) on Monday announced financial closure for its $1 -billion green high voltage direct current (HVDC) link project. It will enable further ‘greening’ of the Mumbai Grid by supplying more renewable power to the city while supporting its rising electricity demand, the company said in its press release. The 80 km multi-faceted project’s construction work for this link will begin in October this year. The credit facility is part of the $700 million revolving project finance facility tied up in October 2021 for its under-construction transmission assets portfolio. The banking consortium for the platform infrastructure financing framework comprised nine international banks including DBS Bank Ltd., Intesa Sanpaolo S.p.A., Mizuho Bank Ltd., MUFG Bank Ltd., Siemens Bank GmbH, Société Générale, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and The Hong Kong Mortgage Corporation Limited.“This link is the need of the hour for the city and will support its growth aspirations. It showcases our commitment to offering Mumbai a brighter and greener future. The project will help accelerate the city’s decarbonization and its net zero journey,” said Anil Sardana, MD of AESL.

Bomman and Bellie, the two tribal mahouts, who were catapulted to worldwide fame after they featured in the Oscar-winning documentary ‘The Elephant Whisperers’, have now accused director Kartiki Gonsalves of financial exploitation and demanded a ‘goodwill gesture’ of Rs 2 crore. The two mahouts claimed that they were subjected to several dire situations during the shooting of the movie and had to spend a large amount of money to cover shooting expenses.

Paytm founder Vijay Shekhar Sharma will acquire 10.30% stake in Paytm from Antfin through an off-market transfer, the company said in an exchange filing. On closing of this transaction, Sharma’s shareholding in Paytm (direct and indirect) will increase to 19.42%, whereas Antfin’s shareholding will reduce to 13.5%.

financial scams is thinking you're too smart to be duped by one. «We're all vulnerable — we can all fall for a scam given the right set of circumstances,» says Eva Velasquez, president and CEO of the Identity Theft Resource Center, a nonprofit organization that provides advice and assistance related to identity theft. Keeping yourself safe starts with accepting that fact, she adds. «You look at the profiles of victims who filed complaints and it runs the gamut from highly educated, high-income people all the way down to the most vulnerable people in our population,» says John Breyault, vice president of public policy, telecommunications and fraud at the National Consumers League, a nonprofit advocacy group that speaks out about consumer concerns. While there isn't a «foolproof solution to stay safe from all scams,» as Breyault puts it, there are strategies you can employ to reduce your risk. Here are four of the most important ones:

Narendra Modi laid the foundation stone for the redevelopment of 508 railway stations across the country at a cost of ₹24,470 crore under Amrit Bharat Station Scheme. The LG expressed gratitude to the Prime Minister for including three stations of J&K Union Territory (UT)-- Jammu Tawi, Udhampur and Budgam--under the Amrit Bharat Station Scheme. Sinha said the redevelopment of railway stations in the J&K Union Territory will give huge boost to connectivity and ease of travel for passengers.

Reliance Industries Limited (RIL) aims to provide affordable green hydrogen as a viable alternative to traditional fuels, said Chairman Mukesh Ambani in Ambani in RIL's integrated annual report 2022-23 released on Sunday. «A switch to cleaner energy sources is key to our decarbonisation strategy. We are making significant strides in establishing a world class solar energy value chain...Our goal is to provide affordable green hydrogen as a viable alternative to traditional fuels,» Ambani said in his address to shareholders.Reliance is among the largest global producers of grey hydrogen.

India's largest retailers and telecom operator in the shortest span of time, billionaire Mukesh Ambani has now set his sight on propelling newly-carved financial services business unit into country's largest non-banking lender while transitioning the conglomerate to net carbon zero by 2035. The recently demerged Jio Financial Services Ltd will leverage the prowess of digital and retail businesses, Ambani said in the latest annual report of Reliance Industries Ltd.