The June credit report indicates that the checkout total can keep rising even when the consumer’s financial cushion is getting thinner. Consumer credit expanded at a 3.3% seasonally adjusted annual rate in June, according to Federal Reserve data, reversing a 0.3% contraction in May. The change was concentrated in revolving credit, which includes credit card…
Dhoot Transmission Ltd has raised Rs 918.27 crore from 72 anchor investors ahead of its Rs 3,067 crore initial public offering, allotting 1,05,42,657 equity shares at the upper price band of Rs 871 apiece. The shares have a face value of Rs 2 each, including a share premium of Rs 869 per equity share. Domestic…
Most firms view AI as another technology investment. Ryan Belanger sees it as a business strategy. Louis Diamond sits down with the founder and CEO of Claro Advisors to discuss why his $1.5 billion RIA acquired a fintech company, built an AI-native operating platform, and believes the firms that gain the biggest advantage won’t simply…
India’s margin trading facility (MTF) book has grown roughly five-fold, from around Rs 25,000 crore in FY23 to over Rs 1.3 lakh crore today. Read in isolation, that number invites comparisons to the leverage-driven volatility seen overseas. Read in context, it is better understood as evidence of deepening cash-market participation, supported by a regulatory framework…
Bond markets have a habit of reminding governments that they, not politicians, determine the price at which the state can borrow. Despite Andy Burnham’s message to the New Statesman last September that we’ve got to “get beyond this thing of being in hock to the bond market”, ten-year gilt yields remain around levels not seen…
Image source: The Motley Fool. DATE Friday, July 31, 2026 at 8:30 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer – Suresh Krishna Chief Financial Officer – Dan Schumacher Investor Relations – Ryan Johnsrud TAKEAWAYS Revenue — $149.3 million, up 10.2% in constant currency, representing a company record. Non-GAAP EPS — $0.60, a 45%…
India’s financial stocks are entering a more selective phase, where the strength of a lender’s deposit franchise, underwriting discipline and execution could matter more than whether it is a bank or a non-bank financier. Preethi R S, fund manager at DSP Mutual Fund, remains constructive on the sector as retail and small-business credit demand stays…
Investment bank Greenhill is hiring a former Deutsche Bank executive to lead its chemicals franchise in North America, the latest industrials banker to leave the Frankfurt-based group in the past year. Matthew Welsford is set to join the bank this month as a managing director based in Chicago, according to people familiar with the matter,…
Image source: The Motley Fool. DATE Friday, July 31, 2026, at 11:00 a.m. ET CALL PARTICIPANTS Investor Relations – Sumit Kundu President and Chief Executive Officer – Marty Neese Chief Financial Officer – Kate Igbalode Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Revenue — $20.6 million for the second quarter, representing…
We were early in calling out the structural problems facing any card issuer willing to underwrite a co-brand built around rewards on rent payments. The partner economics were thin, the consumer behavior assumptions were fragile, and the rental market itself was too fragmented to support a clean, scalable model. A spreadsheet can make almost any…