The combined market valuation of nine of the top-10 most-valued firms jumped Rs 2.51 lakh crore last week, with Bajaj Finance emerging as the biggest winner, in tandem with a positive trend in equities. Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or…
Real-value testing (RVT) of tokenization of wholesale cross-border payments demonstrated an average time from payment initiation to settlement of about 80 seconds, according to a report by the Bank for International Settlements (BIS). Project Agorá, a public-private collaboration exploring tokenization of wholesale cross-border payments, conducted the RVT in a controlled environment in July, the BIS…
The latest Diversity and Inclusivity Finance Forum (DIFF) podcast centred on the experience of young professionals in the industry. Luke Sylvester-Douglas, conference producer for Mortgage Solutions, was joined by Beth Foryszewski, national account manager at Landbay, and Elle Heal, key account manager at Legal & General (L&G) Mortgage Club. The session aimed to unpack…
Semiconductor and artificial intelligence (AI) stocks seem to be getting a break from a particularly rough sell-off recently. From July 24 to July 28, based on FactSet data shared by CNBC, 20 of the world’s most valuable chip stocks lost $1.3 trillion. Two faces of the AI stock trade, Nvidia and Micron Technology, lost $238…
After four straight months of selling, foreign investors turned net buyers of Indian equities in July, pumping in Rs 20,200 crore, aided by attractive valuations, improving corporate earnings and easing global headwinds. The latest inflow marks a sharp reversal from the preceding months, when Foreign Portfolio Investors (FPIs) withdrew Rs 49,340 crore in June, Rs…
Bailey stepped into the president’s role at Foundation Source in March 2026 at a moment of significant industry pressure. The Philanthropic Initiative’s recent research found that 88 percent of high-net-worth clients report having discussed philanthropy with their advisor, up from 67 percent in 2018, while 99 percent of advisors agree these conversations matter. But only…
A Boston-based hedge fund has emerged as the stalking horse bidder for defunct Spirit Airlines’ 2-year-old headquarters. Photo credit: Google Maps Spirit Airlines Opened The Office In 2024 At 1731 Radiant Drive. Boston-based Hill City Capital bid $88M in cash as the stalking horse bidder for the 8.3-acre complex in Dania Beach, Florida, according to bankruptcy…
The conglomerate that Warren Buffett built rallied to an eight-month high this week. There could be more gains ahead if they play catch up with the S&P 500.
Screenless devices seem to be the next frontier in artificial intelligence (AI) hardware. There have been rumors that OpenAI’s first device might be a screenless speaker, but nothing concrete has come out. Bloomberg reported in July that the device OpenAI is developing with Jony Ive’s hardware startup, io, will be a screen-free smart speaker built…
Geopolitical tensions, trade disputes, inflation risks and climate-related disruptions continue to keep global markets on edge. From the US-Iran conflict and trade wars to the impact of El Niño, investors are navigating an increasingly uncertain environment that can quickly affect portfolio returns. While investors have little control over such events, they can adjust how they…