Pool Financial News

HDFC Bank and HDFC (Housing Development Finance Corporation) have become one entity from July 1. The merger is not going to have any large impact on the existing home loan customers of HDFC, except for the change in the name of the lender from HDFC to HDFC Bank.

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US-based semiconductor company Microchip Technology has announced a $300 million investment plan to expand its operations in India, just days after similar moves from industry players Micron, Applied Materials, and Lam Research. To strengthen its presence in India, the company has inaugurated a new research and development (R&D) facility at One Golden Mile Office Tower in Hyderabad.

TOKYO (Reuters) — Japan is set to begin pumping out more than a million tonnes of radioactive water from the destroyed Fukushima Daiichi nuclear power plant this summer, a process that will take decades to complete.

portfolio with total loans of ₹1,800 crore to Kotak Mahindra Bank-backed Phoenix Asset Reconstruction Company (ARC) at an auction last week, said people aware of the development. The portfolio included six real estate accounts sold for ₹1,075 crore, equating to a 60% recovery for L&T Finance, the people said.

Piramal Capital & Housing Finance has sold a loan outstanding pool of ₹3,656 crore bad loans to Omkara ARC for ₹625 crore, said two sources close to the development. The sale, finalised last week, marks a recovery of 17% for Piramal. The pool consists of accounts acquired along with Dewan Housing Finance Limited (DHFL) and Piramal's own loan book.

rb.gy/6k3bi). This column is about its key takeaways, focusing on what the Indian state should do to fix the gaping holes in our statistical system. A majority of stakeholders feel that India’s statistical system is facing a crisis, and one that has been long in the making.

SGX Nifty, the Singapore Exchange-traded futures on Nifty 50 Index, turned to GIFT Nifty on Monday. Accordingly, all the open positions in SGX have been shifted to Gift City.Nithin Kamath said the shift will add momentum to GIFT City becoming a true international financial centre. «If we could also find a way to allow NRIs to easily invest in India through GIFT, I think we can attract a lot of capital.

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Real Estate Investment Trusts, vehicles that pay out most profits as dividends, are better positioned to weather high interest rates and recession fears than private equity real estate or stocks, according to analysts at Bank of America and CenterSquare Investment Management.

Robinhood (HOOD) and allied market makers including Virtu Financial (VIRT) have come out against newly proposed rules that, if passed, would amount to the largest change in securities market regulation in over a decade.

H-1B visas in the country. «I am honoured and happy to see this announcement by the White House Joint Statement and Prime Minister (Narendra) Modi himself making an announcement. The H-1B restamping in the USA will bring relief to over one million people on H-1B,” Ajay Bhutoria, a Silicon Valley technology executive, community leader, speaker and author, said in a statement. In the Joint Statement by Prime Minister Modi and President Biden, issued during the Indian leader's State Visit last month, the leaders welcomed an announcement by the State Department that it would launch a pilot to adjudicate domestic renewals of certain petition-based temporary work visas later this year, including for Indian nationals, with the intent to implement this for an expanded pool of H1B and L visa holders in 2024 and eventually broadening the program to include other eligible categories. The much-sought-after H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. Until 2004, certain categories of non-immigrant visas, particularly the H-1B, could be renewed or stamped inside the US. After that, for the renewal of these visas, in particular, those on H-1B, the foreign tech workers have to go out of the country, mostly to their own country to get the H-1B extension stamped on their passport.

Nathan's Hot Dog Eating Contest 2023 is sure to witness participation in large numbers on the Fourth of July holiday. The annual American hot dog eating competition makes the occasion full of joy at a time when many bonfires, fireworks, county fairs, pool parties and barbecues are held.

Tour de France offers substantial prize money across various categories. The prize pool for this year's event is significant, and it raises questions about the amount the winner will receive and other important figures.

SGX Nifty, the Singapore Exchange Ltd.-traded futures on India’s key equity NSE Nifty 50 Index, will be known as GIFT Nifty from July 3, and all outstanding orders will be transferred to the GIFT City, the new financial hub in the western Indian state of Gujarat. The switch from SGX to the NSE International Exchange at GIFT or Gujarat International Finance Tech-City also highlights partial success of the Prime Minister Narendra Modi-led administration’s attempts to attract India-centric trading that had moved to global financial centers such as Dubai, Mauritius and Singapore to its shores.

Shortly after President Vladimir Putin’s invasion of Ukraine early last year, hundreds of aging tankers were snapped up by a cohort of faceless traders, intermediaries and investors to keep Russian oil flowing. By some estimates, the purchases, which added to vessels that were already transporting crude for Venezuela and Iran, created a more than 900-strong dark fleet. Now, the average age of the ships being purchased is declining, according to data from VesselsValue Ltd., a researcher of shipping deals.

Emergency responders were called to White Water Canyon Water Park located at 8221 W 171st St. after the child was discovered unresponsive in a pool shortly before 4 p.m. Lifeguards and paramedics immediately initiated CPR and administered life-saving measures at the scene.

computer science at IIT-Bombay just went up a notch higher to touch perfect 10-all the top 10 all-India rankers in JEE are joining the Powai campus. Thirty-seven others in the top 50 followed suit and decided to pick the Powai college over other IITs at the close of first round admissions of 2023-24. And when one looks at the top 100, 89 students opted for IIT-Bombay as their first choice, with everyone asking for computer science.

Canada’s top banking regulator has sat down with senior managers at the country’s largest financial institutions to scrutinize their exposure to private lending and alternative credit strategies tied to the fast-growing shadow banking sector.

In Quebec City, majestic stone fortifications have stood for hundreds of years, a monument to the days when French colonists erected them to keep out the enemy. Today, the city faces the opposite challenge — how to entice more outsiders to come in.

Investment bankers’ fees slumped 50 per cent in the first half of the year, marking their worst six-month year-on-year showing in five years, but a series of non-deal roadshows for initial public offerings provide a sliver of hope bigger paydays are on the horizon.