Pensioners in India include the retired government employees who are eligible for individual or family pension from the government after their tenure. In continuance from their salaries, pensioners receive a dedicated percentage of their pension payout which is aimed at mitigating inflation. However, this component, known as Dearness Allowance (DA) in salary, is called Dearness…
UTEX Storage Partners closed on a $42.5 million construction loan to finance a two-property self-storage portfolio in the Miami metropolitan area. Affinius Capital and Axonic Capital originated the loan. The financing was arranged by Daniel Hartnett of Greysteel. The first property, located in Pembroke Pines, FL, is a to-be-built, four-story facility which will offer 1,097…
SBI Funds Management shares made a decent D-Street debut on Tuesday, listing 6.85% higher than the IPO price at Rs 613.30 apiece on the NSE, with analysts advising allotted investors to hold the stock despite the listing falling short of grey market expectations. The AMC’s shares listed at Rs 610 on the BSE, a 6.27%…
“I never heard a rock hit the windshield.”
Blue Heron Asset Management and design firm Cline will begin work soon on a 269-unit apartment project in Raleigh. The project, called Rosewood, will be at 611 West South Street. Blue Heron completed the $12.85 million land acquisition earlier this year. Spanning 399,000 square feet across two buildings and a central public plaza, Rosewood will comprise units…
(From left) CIMB Group consumer banking CEO Haniz Nazlan and, CIMB Malaysia consumer banking head Daniel Cheong. Credit: CIMB Group. Malaysia’s CIMB Bank Berhad has introduced CIMB Private Wealth, a wealth segment targeted at affluent clients in ASEAN. The Business Times reported that CIMB Group intends to roll out the private wealth business in Singapore…
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Shares of Karur Vysya Bank rallied as much as 10.6% to their day’s high of Rs 333 on the BSE on Tuesday after the lender reported a 44.92% YoY jump in net profit to Rs 756 crore in the first quarter, compared with Rs 521 crore a year earlier. Pre-provision operating profit (PPOP) rose 36.15%…
Data and AI focused Databricks has signed a term sheet for a significant strategic funding round that values the company at approximately $188 billion. This latest move, expected to close later in the summer of 2026, reflects the company’s rapid evolution from a specialized data analytics platform into a powerhouse enabling sophisticated AI applications for…
Shares of Netflix (NFLX 1.96%) recently closed at approximely $69, putting the streaming giant down 26% in 2026. The slide is part of a longer and more painful 48% decline over the past year or so. Netflix has generated life-changing returns for investors, so it has a strong reputation on Wall Street and hasn’t fallen…