Key insight: Higher numbers of bankruptcy filings may be an indicator that small businesses are feeling increasing stress amid relatively high interest rates and inflation. Supporting data: The number of filings under a part of the bankruptcy code that small businesses frequently use to reorganize their debts was 50% higher during the first six months…
As India’s investment landscape becomes increasingly attractive for overseas investors, more NRIs are allocating capital to equities, mutual funds, bonds and real estate. However, each asset class comes with its own tax implications, and recent changes to capital gains rules and mutual fund taxation have made tax planning more important than ever. From understanding residential…
Paragon Development Finance has provided £4.5 million in revolving development finance to support igloo’s residential scheme at Riverside Sunderland, the FTSE 250 lender has announced. The funding will support the construction of 34 homes across two phases, comprising two-to-four bedroom townhouses, maisonettes and apartments. All properties are being built using modern methods of construction following…
Prices rose 2.2% year over year in June to a record high, mainly because of growing demand. Existing U.S. home sales ticked up to a seasonally adjusted annual rate of 4.4 million, the highest level since 2022, and pending home sales reached their second-highest level since 2023. Wealthy Bay Area and South Florida buyers helped…
Flock Safety is hitting a rough patch with one of its biggest customers. The Los Angeles Police Department let its deal with the surveillance company expire over the past weekend, a spokesperson of the department told Business Insider on Monday. “We wanted to address some of the civil liberty and civil rights concerns and ensure…
SBI Funds Management, India’s largest asset management company, will open its Rs 9,813 crore IPO for subscription on Tuesday. The issue will close on July 16. The company has fixed a price band of Rs 545-574 per share. Investors can bid for a minimum of 26 shares and in multiples thereafter. At the upper end…
Strategic Petroleum Reserve stockpiles are precariously low and have been hit by major equipment failures, leaks and spills, according to a government report.
CBRE has added Robert Koontz as head of multifamily debt capital markets after he led a similar role at Freddie Mac, the company announced Monday. Koontz, who spent 17 years at Freddie Mac and most recently served as head of multifamily capital markets at the government-sponsored enterprise, joined CBRE on July 6 as part of…
ET Intelligence Group: HCL Technologies reported marginally better than anticipated financial performance for the June quarter where analysts had set lower expectations amid weaker sentiments towards the IT sector marred by delayed project executions and slower decision making by clients. The country’s third largest software exporter reported higher new deals momentum during the quarter with…
A Betterment client is suing the firm, alleging advisors moved clients’ excess cash into sweep accounts at banks that didn’t generate any interest, leaving investors having “lost significant interest they would have otherwise earned.” New Jersey resident Michael Treadway filed the class action lawsuit in New York federal court, alleging he was a Betterment client…