Banking And Finance
BlackRock bets big on stablecoins with two new crypto-linked money-market funds | Key details explained
In a major boost to the digital-dollar economy, BlackRock Inc. is planning to launch two money-market funds built for investors who hold their cash in stablecoins and not bank accounts.…
Looking for tax benefit for your car loan? Here’s when and how you can get tax deduction for your new vehicle purchase
Purchasing a car is a major financial and aspirational milestone for many Indians, and it can be exciting and stressful at the same time. Overall, the loan you choose must…
Estate planning: Financial mistakes families make after a loved one’s death — and how to avoid them
The death of a family member brings emotional upheaval, often disrupting financial discipline at a critical time. However, this is precisely when staying focused on financial matters becomes crucial—neglecting them…
I asked ChatGPT how to fund a Europe trip—SIPs or credit cards? – its answer was practical
How to fund a —SIPs or credit cards?– Here’s what AI answered, it seemed practical. I’m planning a Europe trip over the next 12 months with a budget of around…
Market
Nvidia stock hits fresh record high as rally extends to third day, on track for biggest weekly gain in 6 months
Shares of chipmaking giant Nvidia extended their winning streak for the third straight session on Friday, 8 May, surging another 3% to a fresh record high of $217.80, putting the…
SEBI plans major changes to buyback rules, seeks public comments
Markets regulator SEBI on Friday proposed a series of changes to the buyback framework, including the re-introduction of open market share buybacks through stock exchanges and shortening execution timelines. In…
Gold, silver rates today: Comex gold jumps $50/oz, silver rallies $2 as traders track US-Iran talks
Precious metals extended their winning run to a fourth straight session on Friday, 8 May, as optimism surrounding a potential US-Iran peace agreement, along with a softer US dollar, kept…
Fino Payments Bank April update: Deposits cross ₹2,800 crore, loan referral business triples
announced its business performance for April on May 8 after market hours, reporting steady growth in deposits and strong traction in its loan referral business. Average total increased 13% year-on-year…
Market
Jupiter Wagons eyes global expansion with BESS, wagon exports
Rail engineering firm Jupiter Wagons Ltd is preparing a major global expansion through exports of battery energy storage systems (BESS), wheelsets and freight wagons, while also entering passenger coach and…
Britannia moves manufacturing to India amid West Asia crisis
Britannia Industries, leading bakery and biscuit product maker, has shifted its North American export business from Oman to India at Mundra, Gujarat, said its Managing Director and Chief Executive Officer…
Accor raises its India play as domestic luxury demand reshapes hotels
Accor, the French hospitality giant, is betting big on the quiet shift in India’s luxury hotel industry, where domestic travellers, not foreign tourists, are the primary engine of the high-end…
Former Wachtell lawyer in insider trading case later worked at investment bank, sources say
* Avi Sutton, ex-Wachtell attorney who moved to LionTree, is unindicted co-conspirator in major insider trading case, sources say * Prosecutors allege lawyers passed on M&A tips in decade-long scheme…
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