Parents, grandparents step in as down payment backers amid affordability crunch

Sebi on Tuesday exempted Mehta Family Trust, held by Bollywood actor Juhi Chawla and industrialist Jay Mehta, from making an open offer for the proposed indirect acquisition of shares and voting rights in Saurashtra Cement Ltd. The proposed transaction involves Jay Mahendra Mehta transferring his 49.99 per cent stake in Galaxy Technologies Pvt Ltd to…

As employers begin rolling out multiple Provident Fund (PF) contribution options under the Employees’ Provident Fund Scheme, 2026, employees are facing a key financial decision: should they maximise retirement savings, increase take-home pay, or strike a balance between the two?   The new framework allows eligible employees to choose between contributing 12% of…

Fighting intensified today between the U.S. and Iran. Oil prices moved higher fairly quickly and bond yields followed. This has been a common pattern during the Iran war as higher oil prices imply higher inflation which, in turn, implies higher yields/rates. Yesterday’s average top-tier 30yr fixed rate hit the highest levels since June 2025. Today’s…

Sitting shoulder-to-shoulder in plastic chairs, hundreds of defiant San Francisco residents, a noticeable number of them gray-haired, packed themselves into a gallery at the Fort Mason Center last Thursday. The reason? To protect their famously quaint waterfront neighborhood from the development of a large new residential tower. San Francisco Chronicle reporter Laura Waxmann captured last…

Temenos has completed its purchase of AI-enabled wealth orchestration platform additiv.   The transaction was announced in June 2026, when it was said that the consideration for 100% of additive is equally split between cash and equity.  Like Temenos, additive is also headquartered in Switzerland.  Additiv develops technology used by banks and wealth managers to create and roll out wealth offerings across the customer journey.   Its platform is used by financial…

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