VanEck SolidX bitcoin trust to sell shares to institutional buyers
NEW YORK (Reuters) - Investment firm VanEck and financial technology company SolidX Management LLC will sell shares in their bitcoin trust to “qualified institutional buyers,” the companies said on Tuesday, in a move aimed at further…
BSNL comes up with a new data plan for Bharat Fibre customers — Details here
An added benefit to the Bharat Fibre plan is that if a user exhausts his/her 33GB data for the day then the speed will drop to 4Mbps for the day, which better than 1Mbps that BSNL used to give out earlier.BSNL, one of the fastest…
Borrowers must watch for this even as RBI mandates banks to link loans with external benchmarks
The RBI’s recent circular has mandated the banks to link all the floating loans to retail customers and MSMEs to an external benchmark from October 1.Even as RBImade it mandatory for banks to link all floating loans to external…
PSU stocks Coal India, ONGC end up to 7% higher amid tepid stock market; Sensex slumps 80 pts
Coal India shares were the biggest gainers in Nifty PSE Index ending 7.3% higher at Rs 195.45 on NSE.PSU stocks ONGC, Coal India, BPCL, IOC ended up to 7% higher on Thursday even as the headline indices Sensex and Nifty saw another tepid…
S&P downgrades debt-riddled GE and GE Capital
Barely 24 hours after Culp became CEO, S&P Global Ratings downgraded the credit ratings of GE (GE) and GE Capital. Moody's and Fitch warned they could do the same.All three ratings firms cited GE's elevated leverage and shrinking…
CEOs are cashing in on the market boom
CEOs are using the market boom to quietly cash in their own chips. Insiders at US companies have dumped $5.7 billion of stock this month, the highest in any September over the past decade, according to an analysis of…
Activist investor Driver Management presses anew for First United Bank to sell itself
(Reuters) - Driver Management Company LLC, an activist investor focused on U.S. banks, renewed calls on Wednesday for First United Corp (FUNC.O), the holding company for Maryland community bank First United Bank & Trust, to sell…
Modi govt in talks with World bank, ADB, KfW for low cost capital to MSMEs
The minister announced of generating 50 lakh jobs in the Khadi sector.The Narendra Modigovernment has been holding meetings with Asian Development Bank, World Bank, and German state-owned development bank KfW for access to low-cost…