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Blackstone, an investment firm, bought for $605m in 2014—only to default on its mortgage in 2022. Soaring above Grand Central station is the iconic Helmsley building. Its mortgage was recently sent to “special servicing" (it may be restructured or its owner may simply default).

We were talking about how things have changed for the better, with many middle-aged people making independent choices about their lives, time, money and interests. The conversation shifted to social media posts that show middle-aged people learning music and dance, art and sport, and about how they travel and tour, feeling free to pursue their old and new interests. As is my wont, I see all of this as some measure of easing up with money. It takes a sense of security about money to let go of fears, apprehensions and worries about the future, and focus more on the present. There has to be a shift from scarcity mindset to generosity mindset to be willing to spend, to be positive about new things and focus on oneself without guilt. There is enough for everyone; everything is plentiful now and shall be in the future; and there is no need to suffer and be a martyr. That feeling is liberating.

Big banks warned of an uncertain year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere

Mint. The UK offers a range of financial aid and scholarships to support Indian and international students pursuing their studies in the country. Through these scholarships the UK provides students with opportunities that spark brighter futures and global careers.

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investment objective of the scheme is to provide returns, before expenses, that commensurate with the performance of the Nifty Financial Services Index (TRI), subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

Mitsubishi UFJ Financial Group Inc (MUFG), the world's second-largest bank holding company, is in advanced negotiations to buy a 20% stake in HDB Financial Services (HDB), a non-banking subsidiary of HDFC Bank, at a $9-10 billion valuation, said people aware of the matter. Once finalised, the $2 billion investment will be among the largest financial services sector deals involving lenders of the two countries. It will also unlock value for parent HDFC Bank, India's largest bank by market capitalisation, which has been dealing with synergy issues following the $60 billion merger with housing loan parent company HDFC Ltd.

Leading U.S. lawmakers from the House Financial Services Committee met with Senate Majority Leader Chuck Schumer Thursday afternoon to discuss their long awaited stablecoin bill, Punchbowl News has reported.

Fintech is reshaping monetary interactions, and as India progresses towards a cashless society, it assumes a pivotal role, driving financial inclusion and enabling millions to transition to the formal financial sphere. This surge in fintech adoption has positioned India as a global fintech frontrunner. Its innovative solutions attract global investors, and position the country as a trailblazer in establishing a robust digital public infrastructure (DPI) ecosystem, a pivotal factor in enhancing financial inclusion. The dynamic DPI framework, strengthened by fintech advancements, is projected to inject a windfall of $400 bn into the economy in seven years. With an impressive 87% fintech adoption rate, India ranks No. 1, shattering global averages and bringing financial services to unbanked populations. However, it's important to remember that unchecked growth can be risky. Data breaches and unfair lending practices can undermine consumer trust and financial stability.

In the dynamic landscape of business, every fiscal year brings its unique set of challenges and opportunities. Yet, amidst uncertainties, companies manage not only to weather the storm but to emerge stronger and more resilient than ever before. As we reflect on the past financial year, we present a list of inspiring stories that highlight the extraordinary journeys of ten companies.

₹35,000 crore in Indian equities during the month of March 2024, marking a significant uptick from the investment of ₹1,539 crore in February. This surge follows a substantial outflow of ₹25,744 crore witnessed in January. Looking into the trends in FPI flows last month, data shows overseas investors bought Indian equities worth ₹40,710 crore in the first 15 days of March, while they were net sellers to the tune of ₹5,612 crore in the second half of the month, as per data from National Securities Depository Ltd (NSDL).

JM Financial raised its price target on Zomato to Rs 260 from Rs 200 while maintaining a Buy rating on account of the company’s quick commerce business Blinkit’s exponential growth. “Zomato’s Blinkit quick commerce business is growing rapidly with no signs of slowing. Recent reports indicate the company will increase investments, likely after Blinkit achieves break-even EBITDA in 1QFY25. This will likely lead Blinkit to surpass Zomato’s food delivery business in size and build long-term competitive advantages.” says Swapnil Potdukhe of JM Financial.

MUFG) is buying a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank at a $9-10 billion valuation, ahead of its proposed IPO, said people aware. The final decision is likely to take place next week at the HDFC Bank board meeting, said people in the know. Once announced this will be among the largest deal in the shadow banking space in India. HDFC Bank owns around 95% of the shadow bank and employees own 5% as ESOPs. The discussions have been ongoing for years but gathered momentum in the last few weeks. The deal is being done at 5 times book value.

JM Financial initiated coverage on Bharti Hexacom Ltd (BHL), which listed at a premium of 32.5% today, with a buy recommendation and a price target of Rs 790. Shares of the company were trading on BSE at Rs 767 on Day 1. “We expect BHL’s ARPU to grow at 10% CAGR, consisting of two elements: 6-7% ARPU CAGR due to regular tariff hikes; and 3-4% ARPU CAGR due to Bharti Airtel’s premiumisation strategy.” read the report by JM Financial.

Cryptocurrency exchange Luno is one of the first firms to receive a license from the Financial Services Conduct Authority (FSCA) in South Africa, allowing the exchange to operate as a financial services provider in the country.

₹1,505, implying an over 22 percent upside from its CMP of ₹1,229.30, as of April 10. The stock has already delivered almost 59 percent returns in the last one year and gained over 19 percent in 2024 YTD, giving positive returns in 3 of the 4 months of the current calendar year so far. Airtel shares have been flat but in the green in April so far after a 9.4 percent jump in March.

On the heels of March’s inflation surprise, a new survey suggests rising prices remain the primary concern for Americans, overshadowing challenges such as high expenses and low income.

Chirag Negandhi, MD of JM Financial Limited. In an interview with Shilpy Sinha, he said that the market trajectory will increasingly hinge on the election manifestos, which will outline the broad policy direction for the upcoming term. On recent RBI action, the group is committed to regulatory compliance and is cooperating with the regulations, Negandhi said. Excerpts: Recently RBI has barred JM Financial from doing any financing against shares and debentures. How do you respond? I would like to reiterate that as a group we take all regulatory matters with utmost importance and are committed to cooperating with the regulators.

While speaking to the design team at Flipspaces, we uncovered the secret sauce behind the awe-inspiring designs that we see. The journey started with an immersive engagement with the BFIL team, where Flipspaces conducted extensive focus group discussions to grasp the diverse aspirations across multiple stakeholders. This research-driven approach served as the cornerstone for coming up with the winning formula of a vibrant, biophilic, and rural-themed design. These three themes are beautifully complimented in every nook of the office across meeting rooms, reception, workstation bays and breakouts. The moment you enter the office you will be welcomed by rural-themed murals representing various facets of rural India, empowerment of which is the vision of the BFIL brand. The meeting rooms depict art and culture of various states where BFIL is present, through interesting wall graphics and artefacts. Biophilia is a common thread in high-density zones such as workstation areas, where the natural greens give a soothing effect to the eyes. Across the office, we see colour-blocking at its best through vibrant hues to break the monotony.

Indian Hotels Company, Godrej Properties, Global Health, PNB Housing, Kirloskar Oil Engines, Cello World, Sobha, Lemon Tree Hotel, and JK Cement are among the top 9 midcap picks by Motilal Oswal Financial Services . Also Read- Expert view: General Election 2024 a major trigger, upside looks limited, says Sunil Damania FY24 witnessed a broad-based growth, with gains seen in all sectors and indices.

IFCI) and launch of the initial public offer (IPO) for India Infrastructure Finance Company Ltd (IIFCL) within weeks of new government taking charge. In the first 100 days, privatization of two PSBs, which has been on the back burner, may be revisited and plans laid out for stake sale in more than one general insurer, and possible merger of two or three general insurance companies after recapitalization, said the second person. Also planned is further consolidation of PSBs to create at least one mega-bank in the short-term.